PM Shehbaz: Pakistan Successfully Averts Risk of Potential Default

During the groundbreaking ceremony of the Chashma Nuclear Power Plant Unit 5 (C-5) in Mianwali, Pakistan, Prime Minister Shehbaz Sharif announced that the government’s economic team successfully averted the risk of potential default.

He emphasized that despite rumors of an impending sovereign default, Pakistan navigated through challenging times within a short span of 15 months.

The prime minister also highlighted significant developments, including the approval of a new program by the International Monetary Fund (IMF) and the timely financial support received from Saudi Arabia, the United Arab Emirates (UAE), and the IMF.

Also Read: IMF: SBA Implementation Crucial for Pakistan’s Economic Future

Furthermore, he acknowledged the cooperation between China and Pakistan, emphasizing the importance of the C-5 project in providing clean and cost-effective energy.

The prime minister also praised the resumption of the China-Pakistan Economic Corridor (CPEC) and recognized the contributions of various stakeholders in the project’s progress.