Stable financial indicators point to Pakistan's economic takeoff: PM

ISLAMABAD, June 11 (Xinhua) -- Pakistani Prime Minister Shehbaz Sharif on Tuesday said that all major economic indicators have stabilized due to the government's efforts, public resolve and the support of stakeholders contributing to the national economy.

Speaking at a cabinet meeting ahead of the approval of the 2025-26 fiscal budget, Sharif said that despite difficult conditions faced by the country over the past 15 months, the economy was now on a positive trajectory.

"The nation went through tough times, but now the economy is showing signs of improvement," he said, adding that recent gains were the result of collective sacrifices and prudent policy decisions.

Sharif noted that previous budgets placed a heavy tax burden on the salaried class, but that the country's economic position had now improved to a point where stability could be maintained and growth pursued.

He said Pakistan is ready to "take off" with stable indicators in place.

He highlighted a significant increase in exports and remittances, saying that information technology exports in particular had seen strong growth and held further potential for expansion.

The prime minister lauded the finance minister, his team, and all stakeholders involved in the preparation of the new fiscal budget, expressing confidence in their continued commitment to economic reform and development.■