PSX surge reflects investors’ confidence in 'pro-people' budget: PM Shehbaz

ISLAMABAD: Prime Minister (PM) Muhammad Shehbaz Sharif has expressed satisfaction over the stock market reaching a historic high of 124,000 points.

In a statement issued from the PM Office, the prime minister said the bullish trend in the stock market reflects the ‘confidence’ of investors and the business community in the ‘people-friendly’ budget.

“Alhamdulillah, the journey to national economic progress has begun. The people of Pakistan made immense sacrifices. Now, we all must work together to improve the common man’s life,” PM Shehbaz remarked.

The prime minister said that no additional tax burden has been imposed on the common man in the budget, and increase in salaries and reduction in taxes will provide relief to salaried class.

He also appreciated the government’s economic team whose efforts led to the reduction in inflation, increase in foreign exchange reserves, remittances, and exports.

“Pakistan’s return from the brink of default, the beginning of economic stability, and the journey toward progress is a miracle. This historic economic turnaround, achieved through the hard work of the economic team and prioritizing Pakistan’s interests, will be etched in history forever,” he commented

PM Shehbaz said the journey of economic development has begun. He said we all must work together to improve the lives of the common people.

He said reduction in inflation, increase in foreign exchange reserves, remittances and exports have been made possible due to the tireless efforts of the economic team.

PM Shehbaz said Pakistan’s return from the brink of default and the beginning of economic stability and growth is nothing short of a miracle.

He said this exemplary economic turnaround, achieved through the hard work of the economic team and by prioritizing Pakistan’s national interests, will be remembered in history in golden words.