Prime Minister Shehbaz Sharif on Tuesday expressed strong optimism over Pakistan’s economic outlook, following a historic surge in the Pakistan Stock Exchange (PSX), which crossed the unprecedented mark of 124,000 points.

In an official statement, the Prime Minister attributed the market’s bullish momentum to growing investor confidence in the government’s recently announced, people-centric budget for the fiscal year 2025-26.

Investor Confidence Soars Amid ‘People-Friendly’ Budget

Shehbaz Sharif said that the PSX’s record-breaking performance is a direct reflection of trust shown by both investors and the business community in the government’s economic direction. He highlighted that the budget avoids placing any new tax burdens on the average citizen, while offering tangible relief in the form of reduced taxes and increased public sector salaries.

Economic Stability Taking Hold

The Prime Minister described the current economic upturn as the beginning of a new chapter in Pakistan’s development journey. “We must move forward together to uplift the lives of ordinary citizens,” he urged.

He praised the government’s economic team, crediting them for helping stabilize the economy. He pointed to key indicators — including a drop in inflation, rising foreign exchange reserves, higher remittance inflows, and improved export performance — as proof of the country’s turnaround.

From Default Risk to Growth: A Remarkable Comeback

Reflecting on Pakistan’s recent economic challenges, PM Shehbaz emphasized that the country’s recovery from near-default was a remarkable achievement. He described the transition from crisis to stability as “nothing short of a miracle.”

He added, “This economic turnaround — driven by sheer commitment to national interest and the hard work of our financial team — will be remembered as a defining moment in Pakistan’s history.”

Summary:
Prime Minister Shehbaz Sharif celebrated the PSX’s historic rally, calling it a symbol of renewed investor confidence and economic momentum. With no added tax pressures on the public and a focus on stabilizing core economic indicators, the government sees the latest gains as validation of its growth-focused strategy. The Prime Minister hailed the efforts of his team and called for continued collective progress to ensure prosperity for all Pakistanis.