ISLAMABAD: Prime Minister Shehbaz Sharif Tuesday said that the coalition government inherited the serious economic challenges including record inflation, unemployment, and poverty; however vowed to make untiring efforts for providing the much-awaited relief to the masses.
The prime minister, during an interaction with the newsmen here, said Pakistan was faced with serious economic challenges.
The media men in attendance included the beat reporters of the prime minister as well as those covering the Pakistan Muslim League and other coalition parties.
He said even the relief measures announced by him in his maiden address as prime minister, including Rs 25,000 minimum wage and 10% increase in pensions were also meager compared to over 20% inflation rate.
He told the media that earlier in the day, he had interacted with the economic experts seeking their suggestions to overcome the economic difficulties.
The prime minister said the statistics being shared by the government were not meant to upset the people but to explain the economic challenges inherited by the government.
The prime minister said after the formation of the federal cabinet, the government would come up with short-term and mid-term plans to overcome the inflation and the revival of the economic system.
To a question, the prime minister hoped that being the coalition partner, the Pakistan Peoples Party would join the federal cabinet.
He said the surge by 2300 points in the 100-index of Pakistan stock exchange and rupee appreciation of Rs10 against the dollar were the feel-good factors. The stock exchange was in fact a barometer to gauge the sentiments of the business community in the country, he added. However, this needed to be built up through dedicated and untiring efforts, he added.
The prime minister said the main focus of the coalition government was to introduce the electoral reforms. He said though it was one and half years to complete the government’s term, it was the coalition parties to decide when to go for elections.
