Prime Minister Shehbaz Sharif announced during a federal cabinet meeting that the International Monetary Fund (IMF) has expressed willingness to consider Pakistan’s proposal for reducing electricity prices.

He revealed that during a meeting with IMF Managing Director Kristalina Georgieva, he emphasized that Pakistan’s exports cannot grow without lowering energy costs, a point that the IMF chief acknowledged.

IMF Acknowledges Government’s Economic Performance

Sharif further stated that the IMF has praised the current government’s economic policies and overall performance, marking a positive step toward financial stability. He congratulated his economic team and stressed the need for continued efforts to improve the country’s financial outlook.

UAE Visit and Investment Opportunities

Discussing his recent visit to Dubai, the prime minister highlighted his meeting with the UAE President, where they discussed strengthening bilateral ties and boosting investment.

He also noted that Pakistani investors in Dubai provided valuable suggestions regarding economic growth and investment opportunities.

Palestinian Crisis and Global Peace

Expressing deep concern over the ongoing violence in Palestine, Sharif condemned the deaths of over 50,000 Palestinians, calling it one of the worst examples of genocide. He voiced hope for peace in Gaza.

Strengthening Ties with Saudi Arabia

The prime minister reaffirmed Pakistan’s unwavering support for Saudi Arabia, describing the Kingdom as a trusted ally and close friend. He assured that Pakistan would always stand by Saudi Arabia’s sovereignty and security.

Turkish President’s Visit to Pakistan

Sharif underscored the significance of Turkish President Recep Tayyip Erdoğan’s upcoming two-day visit to Pakistan. He stated that this visit would strengthen bilateral relations and lead to new agreements to enhance trade and cooperation.

Record Surge in Remittances

In a positive economic development, the prime minister announced that remittances from overseas Pakistanis have reached record levels, reflecting their confidence in the government’s policies.