PM Shehbaz Confident of Resolving Rs400 Billion Tax Cases, Eyes Economic Growth

Prime Minister Shehbaz Sharif has expressed confidence in resolving Rs400 billion worth of pending tax cases, following a Sindh High Court ruling that provided Rs23 billion in relief to the government.

At a cabinet meeting, he outlined major economic and governance reforms, including:
✅ E-governance implementation
✅ FBR digitalization 📊
✅ Foreign reserves increase from $4B to $12B 💵

Sharif also called for urgent reforms in state-owned enterprises (SOEs), terming them financial liabilities with Rs850 billion in losses. He stressed that improving efficiency in these sectors is key to reducing financial strain.

Linking economic stability with security, he highlighted the need to eradicate terrorism to attract investment and strengthen Pakistan’s global position 🌍.

Recalling Pakistan’s near economic collapse, he credited government policies for:
📉 Reducing inflation
🏦 Increasing foreign remittances & investments
📈 Strengthening foreign exchange reserves

Under the "Uraan Pakistan" programme, Sharif projected Pakistan’s economy could hit $1 trillion by 2035 if policy consistency is maintained. He also acknowledged financial backing from Saudi Arabia ($1.2B oil facility) and UAE ($2B rollover), crediting Pakistan’s military leadership for securing international economic support.

Despite ongoing economic challenges, he reaffirmed Pakistan’s path toward stability and long-term prosperity. 🚀💰