Prime Minister Shehbaz Sharif announced that his government, in power since April 2022, will successfully transition power to an interim caretaker set-up in August 2023.
Prime Minister Shehbaz Sharif’s address to the nation showcased the achievements of his administration, along with the political and economic developments that unfolded, including the new agreement with the International Monetary Fund (IMF).
A critical part of Sharif’s speech was centred around managing the problematic ‘landmines’ planted by the predecessor government of Pakistan Tehreek-e-Insaf (PTI). His administration’s endeavours helped cease the nation’s economic and diplomatic isolation.
PM Sharif’s tenure was marked by the ‘beginning of a new era,’ a transition from economic disarray to stability, and the termination of the alleged rampant corruption prevalent during the previous government.
Sharif emphasized his administration’s dedication to shifting from an unemployment crisis to providing employment opportunities. He further advocated the government’s commitment to upholding freedom of speech and press. PM Sharif also pointed out the unique nature of his coalition government, which was established briefly and prioritized saving the state over politics.
Securing Economic Stability and Power Transition
In his address, PM Sharif highlighted the International Monetary Fund (IMF) agreement, signed by the previous administration under challenging conditions. His government faced reviving this violated contract, demanding relentless efforts.
PM Sharif thanked friendly nations, particularly China, Saudi Arabia, and the United Arab Emirates (UAE), for their significant financial support. He praised the leadership of these countries for their timely assistance during Pakistan’s financial crisis.
The premier lauded the commendable efforts of his team, including Foreign Minister Bilawal Bhutto Zardari’s diplomatic endeavours, Finance Minister Ishaq Dar’s economic expertise, and Chief of Army Staff (COAS) General Syed Asim Munir’s contributions.
Reflecting on the way forward, PM Sharif outlined his administration’s robust plan for economic stability. A special investment council was formed to streamline incoming investments from Gulf countries, and the plan was set into motion. The government’s proactive approach has already started to yield positive results, with global institutions predicting an uplift in Pakistan’s economic rankings.
