PM Shehbaz vows to prioritise reduction in circular debt
Pakistan
PM Shehbaz vows to prioritise reduction in circular debt
ISLAMABAD (Dunya News) – Prime Minister Shehbaz Sharif said on Wednesday bringing down the circular debt was his government’s foremost focus.
In his speech at the session related to the economic situation, he said the government would complete the current agreement with the International Monetary Fund (IMF), while also extending support to the exporters to increase exports. He also stated that the ruling dispensation had to burn the midnight oil for providing stability to the country’s economy.
Highlighting the need to increase the power production for the domestic consumers, the PM went on to say the continuous reliance on expensive fuel put severe pressure on the ordinary people, and efforts would be made for reducing dependence on it.
Underlining the issues related to the field of IT, PM Shehbaz said presently, the IT exports made value of only $2bn, which can be easily increased up to $5bn.
In the session, the premier issued directions to the economic team and various steps were underscored to control the current account deficit.
