Prime Minister Shehbaz Sharif recently announced that Pakistan has earned $500 million through the export of surplus sugar. This achievement is part of the government’s broader efforts to improve the country’s foreign exchange reserves and strengthen the economy.
To make this possible, the government approved the export of 500,000 tons of sugar. Additional sugar exports to Tajikistan and the gradual release of surplus stocks are also planned, further contributing to economic stability. This move not only brings in much-needed foreign exchange but also helps manage excess sugar production within the country.
The Prime Minister also commended the Federal Board of Revenue (FBR) for its ongoing digital transformation. This modernization is a crucial aspect of the government’s economic reform program, aimed at increasing transparency and improving tax collection. The digital advancements made by the FBR are expected to play a key role in sustaining economic growth.
In addition, the Prime Minister shared positive news about petroleum sales, which have reached their highest level in 25 months. He attributed this milestone to the government’s effective measures against fuel smuggling and its decision to lower fuel prices. These efforts have boosted sales, improved energy sector performance, and provided relief to consumers.
Together, these measures reflect the government’s commitment to economic recovery and growth. From boosting exports and foreign reserves to improving energy and tax systems, these initiatives are aimed at putting Pakistan’s economy on a more stable and prosperous path.
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