WEF 2026: PM Shehbaz says economic recovery as policy rate falls near 10pc

DAVOS: Prime Minister Shehbaz Sharif on Thursday highlighted Pakistan’s economic recovery during his address at the Pakistan Pavilion at the World Economic Forum in Davos, emphasising that the country is moving steadily toward stability and growth.

Speaking to an international audience of investors, business leaders, and policymakers, the Prime Minister pointed to the significant reduction in the policy rate from 22.5 per cent to 10.5 per cent as a key milestone in stabilising the economy. “This step reflects our commitment to reviving growth while ensuring sustainable economic management,” he said.

PM Shehbaz also underlined strong performance in key sectors, including a surge in IT exports and record agricultural exports over the past year. “Our economy is moving in the right direction, and transparency remains a cornerstone of our initiatives, including the privatisation of Pakistan International Airlines,” he added.

The premier highlighted the need to equip youth with internationally recognised skills and certifications, creating a workforce ready for global opportunities. He also spoke about expanding investment in sectors such as minerals, technology, and agriculture, signaling Pakistan’s readiness for international partnerships.

Deputy Prime Minister Ishaq Dar and Finance Minister Muhammad Aurangzeb reinforced the message of economic recovery. Dar noted that Pakistan has achieved stability and is now focused on growth, while Aurangzeb highlighted improvements in the country’s ratings by global agencies and the practical implementation of economic reforms.

With these developments, Pakistan is positioning itself as a promising destination for investment, trade, and technological collaboration on the global stage.