PM reaffirms $60bn export goal by 2029

March 05, 2025 (MLN): Pakistan aims to increase exports to $60 billion by 2029, a goal reaffirmed on the completion of one year of the government by Prime Minister Shehbaz Sharif.

He made these remarks while chairing a special meeting of the Federal Cabinet in Islamabad.

The Prime Minister highlighted that the economy is strengthening and stabilizing due to teamwork and coordinated efforts of coalition partners.

He emphasized that Vision-2035 is designed to transform Pakistan into a $1 trillion economy by 2035.

Shehbaz Sharif noted that foreign exchange reserves have risen from just $4bn to approximately $13bn.

Meanwhile, inflation has dropped significantly from 28% to 1.6%, the policy rate has been reduced from 22.5% to 12% percent, and exports, particularly in the IT sector, are on the rise.

The Prime Minister also stressed the promotion of e-governance to enhance transparency and assured that the digitization of the Federal Board of Revenue (FBR) is underway, according to the press release.

He reiterated the government’s commitment to attracting industrialists by offering business-friendly policies to encourage investment in Pakistan.

Additionally, he announced that Pakistan's first astronaut will travel to space as part of a Pakistan-China joint partnership.

Shehbaz Sharif pointed out that the opposition has failed to find any scandals within the government, which he believes reflects the administration’s transparency and credibility.

He also praised national institutions for their role in driving economic stability and progress.

Furthermore, he acknowledged the sacrifices of the armed forces and law enforcement agencies in combating terrorism and ensuring the country’s security.

Copyright Mettis Link News