Prime Minister Shehbaz Sharif on Wednesday said that while many countries are struggling to maintain the balance between demand and supply of essential commodities amid global challenges, Pakistan is addressing the situation “successfully and effectively.”
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According to a statement issued by the Prime Minister’s Office, the remarks were made during a high-level review meeting aimed at devising a comprehensive strategy to mitigate the financial and economic impact of the ongoing regional conflict.
The prime minister commended the timely and effective measures taken by relevant institutions to ensure stability in the supply of essential goods and prevent any emergency situation. He appreciated the coordination among ministries and directed further strengthening of inter-agency cooperation.
Shehbaz Sharif noted that after fulfilling domestic requirements, the government is working on a strategy to export surplus food and essential items to boost economic activity.
He emphasized that the government remains committed to ensuring economic stability, growth, and public welfare, adding that a medium- and long-term strategy is being developed to address rising global prices and their impact on the national economy.
The premier also directed authorities to carefully assess both internal and external macroeconomic factors while formulating policies, and to propose measures to reduce the impact of rising production costs on exports and domestic output.
He further stressed the need to fully utilize available resources to safeguard agricultural and industrial production from adverse economic pressures.
According to the PMO, relevant ministries and institutions have been tasked with continuously monitoring the economic situation and reviewing the impact of global developments on a daily basis.
