PM renews pledge to revive economy as coalition govt completes one year in office

PM renews pledge to revive economy as coalition govt completes one year in office

Islamabad (Web Desk): Prime Minister Shehbaz Sharif on Tuesday said that renewed the pledge to revive economy as the coalition government marks one year in power.

On April 10, 2022, the Pakistan Democratic Movement (PDM) and allies passed a no-confidence against Imran Khan, with 174 members of National Assembly (NA) out of the 342 voting in its favour.

The next day, coalition partiers candidate, Pakistan Muslim League-Nawaz (PML-N) Shehbaz Sharif secured 174 votes and was named the prime minister after the Pakistan Tehreek-e-Insaf (PTI) announced the en masse resignation of its lawmakers.

Sharing his perspective in a Twitter thread regarding the challenges and difficulties faced by the government during the last 12 months, the premier said that the completion of the one year of coalition government marked a successful tenure that resulted in Pakistan’s restored credibility, and overcoming of the country’s financial and energy challenges.

"I can inform people that over the last one year, we have largely succeeded in establishing Pakistan’s credibility as a partner and friend," PM Shehbaz wrote.

PM Sharif said, “Today marks the completion of one year since I took oath as PM of a coalition government. This has been a time of massive challenges and difficulties.

“It was a long journey, but sustained efforts made it possible,” he said.

Shehbaz Sharif recalled that the passage of no-confidence vote against former prime minister Imran Khan Niazi’s government was unprecedented.

“[It was unprecedented] not because the Pakistan Democratic Movement (PDM) came into power, but because almost all of Pakistan’s political forces came together to use the forum of parliament to vote out an unpopular govt through constitutional means,” he said.

PM Shehbaz said that the coming together of political parties with different manifestos for a common national cause represented a “major step forward in the country’s political evolution”.
"Reconciliation and cooperation, instead of confrontation and vendetta marked the new politics post-April ’22,” he said.

He said despite the economic landmines laid by Imran Khan and the disruptions in global fuel and food supply lines, Pakistan’s economy continued to stay afloat.

“All predictions of default turned out to be false alarms. Sincere efforts are underway to revive the economy,” the premier said.

PM Shehbaz said that the coalition government has been at pains to repair, rebuild and deepen Pakistan’s diplomatic relations that were dealt a severe blow by the ‘Niazi regime’.

He said Pakistan faced unprecedented floods last year.

The decisiveness with which the government undertook rescue, relief and rehabilitation efforts, provided social protection to millions of people and mobilized international community has been acknowledged by the world as outstanding, he added.

PM Shehbaz mentioned that the government employed climate diplomacy to present Pakistan’s case on the international stage.

“As Chair of G77 plus China, we were instrumental in the establishment of loss and damage fund. Pledges of US$ 9 billion at Geneva moot are evidence of our successful diplomacy,” he said.

He said in the last one year, the coalition government made efforts to diversify the energy mix with an aim to provide relief to the citizens.

"The renewed focus on solar, hydel, and coal power projects is aimed at replacing the costlier sources of power generation with cheaper ones," he said.

PM Shehbaz pointed out that inflation hit people hard globally, adding that geo-strategic rivalries, increase in prices of the fuel and food commodities and historic floods are some of the key factors responsible for inflation.

"Mindful of its impact, the government has expanded social safety net and provided targeted subsidies," he said.

PM Shehbaz said under the watch of the PDM government, Pakistan managed to exit the Financial Action Task Force’s (FATF) grey list, thanks to the excellent inter-ministerial coordination as well as support extended by the military leadership.

The prime minister said the present government focused on early completion of development and transport infrastructure projects in Islamabad. He said idea was to provide ease, comfort and affordable mobility to the people.

“Idea was to provide ease, comfort and affordable mobility to the people,” PM Shehbaz added.