Charter of Economy, only way forward to achieve prosperity: PM

Islamabad: Prime Minister Muhammad Shehbaz Sharif Saturday said: “Charter of Economy appears to be the only way forward for our political parties to achieve prosperity for our people”.

Turning to Twitter, he wrote that making of Budget (FY2023-24) was particularly a difficult task in view of the persistent challenges arising out of the floods-related relief and rehabilitation, global supply chain disruptions & geostrategic upheavals.

Never-ending headwinds of political instability created by PTI Chief damaged the economy and created uncertainty, as the country remained on the boil for well over a year, he added.

Shehbaz Sharif continued: “Budget (FY23-24) represents the beginning of the process to fix the economy's long-term ailments”.

Prime Minister stated that the coalition government has prioritized the right areas that have the potential to spur economic growth, attract investment and make the economy self-sufficient.

“Mindful of the impact of inflation, the government has provided relief to public sector employees and pensioners in the form of pay raise of up to 35% and 17.5% respectively, and increased minimum wage to Rs32000” stated the premier.

Sharif also wrote that more balanced budget that levies no new tax could not have been possible within the existing constraints.

The former Chief Minister said: “I commend all those who remained part of this exercise and played their role in this budget-making exercise”.

“The economy direly needs reforms, which, in turn, can be undertaken in a stable political environment, for economic development is intrinsically linked to political stability,” he wrote.

The making of Budget (FY2023-24) was particularly a difficult task in view of the persistent challenges arising out of the floods-related relief & rehabilitation, global supply chain disruptions & geostrategic upheavals. Never-ending headwinds of political instability created by…

— Shehbaz Sharif (@CMShehbaz) June 10, 2023