Coalition government took difficult decisions and Pakistan out of default risk: PM Shehbaz Sharif

Islamabad: (Staff Reporter) Prime Minister Muhammad Shehbaz Sharif said that due to difficult decisions taken by the coalition government, Pakistan was out of default risk. The premier said the government was taking all possible steps to further strengthen the national economy and was striving with priority measures to reduce the price hike and provide relief to the common people.

According to the sources, PM Shehbaz expressed these views while talking to a delegation from Jefferies, a leading global, full-service investment banking and capital markets firm. Minister for Finance Ishaq Dar was also present during the meeting.

Furthermore the PM regretted that unfounded rumors were being spread about the economy of Pakistan and reprehensible efforts were being made to create havoc. He said the coalition government, without caring for the political price, saved the country from the repercussions of the previous four years of maladministration by the former government.

Moreover he also reiterated that the government was making efforts to reduce the foreign trade deficit and providing all possible facilities to foreign investors. Welcoming the delegation, the prime minister invited the firm to open an office in Pakistan.

Meanwhile the delegation termed the economic recovery of Pakistan as a good sign under the leadership of the prime minister that faced the economic challenges in an effective manner and put the country on the path of economic stability.