On Tuesday, Prime Minister Shehbaz Sharif welcomed the recent announcement by the United Arab Emirates to invest $1 billion in various economic and investment sectors in Pakistan. He expressed these views as he held a telephonic conversation with UAE President Sheikh Mohamed bin Zayed Al Nahyan. The move would likely help revive investor sentiment in the country, which has been beset by dwindling foreign exchange reserves as well as a depreciating rupee.
Islamabad: On Friday, Prime Minister Shehbaz Sharif invited the President of the United Arab Emirates (UAE) Sheikh Mohamed bin Zayed Al Nahyan to visit Pakistan which the latter accepted with “great pleasure”. “The prime minister also extended best wishes for the continued progress and prosperity of the brotherly people of the UAE. Reaffirming the fraternal relations between Pakistan and the UAE, the two leaders reiterated their mutual commitment to further expand and diversify special bilateral relations,” said the PMO.
On Tuesday, Prime Minister Shehbaz Sharif said that the ruling coalition government had decided to redistribute the economic burden on the poor by taxing the rich in the budget for the fiscal year 2022-23. The prime minister hoped that those who were privileged would "gladly" lend their support to the country at this critical juncture and demonstrate a spirit of "sacrifice". "The government will collect hundreds of billions of rupees in taxes through this," he added.
On Thursday, Prime Minister Shehbaz Sharif defended the petrol price hike, saying that the government was "left with no choice" because of "those who struck the worst ever deal" with the International Monetary Fund (IMF). "Govt is left with no choice but to raise the prices due to IMF deal that PTI govt signed," he said, promising that he would take nation into confidence on the specifics of PTI-IMF deal soon.
On June 15, Prime Minister Shehbaz Sharif said that it was his personal interest and commitment to building economic zones in Pakistan, particularly in Balochistan and Khyber Pakhtunkhwa. He was speaking during a visit to the Rashakai Special Economic Zone on Wednesday. Rashakai SEZ is a flagship project under the industrial cooperation of the China-Pakistan Economic Corridor (CPEC) framework.
Lahore: On Monday, a special court in the city said that "no evidence of corruption, misuse of authority, and bribery" was so far found on record against Prime Minister Shehbaz Sharif and his son, Chief Minister Punjab Hamza Shahbaz, in the Rs16 billion money laundering case. In a written order for confirming their pre-arrest bail, the higher court said the Federal Investigation Agency (FIA) wanted to arrest PM Shehbaz and CM Hamza after they secured bails in the National Accountability Bureau’s (NAB) cases, showing that the FIA had “mala fide” intentions.
Islamabad: On Sunday, Prime Minister Shehbaz Sharif said that the federal budget for the next fiscal year 2022-23 represents a significant improvement in several ways. 'It has provided more educational opportunities for our youth, particularly from Balochistan, and targeted subsidies for financially weaker people,' he wrote on Twitter. The PM also said that more importantly, it had taxed non-productive assets of the rich.