Pakistan PM Says Country Transitioning From Stabilization to Recovery

Pakistani Prime Minister Muhammad Shehbaz Sharif said his country is successfully transitioning from macroeconomic stabilization toward a path of recovery, according to the Associated Press of Pakistan.

Sharif made the remarks during a meeting in New York with the Managing Director of the International Monetary Fund, crediting prudent fiscal and monetary policies for the progress made despite what he described as regional conflict and external inflationary pressures.

The prime minister reaffirmed his government's resolve to sustain the economic reforms undertaken in recent years, framing the current period as a critical juncture for consolidating gains made during the stabilization phase of Pakistan's economic program.

The report did not provide specific economic figures discussed during the meeting, such as growth forecasts, inflation data, or the status of Pakistan's ongoing engagement with the IMF under its existing lending arrangements.

Pakistan has in recent years relied on IMF-backed programs to help stabilize its economy amid periodic balance-of-payments pressures, and continued engagement with the fund's leadership is widely seen as important for sustaining investor and market confidence in the country's economic trajectory.