Prime Minister Shahbaz Sharif has said that contract economy is the only way forward for public happiness.
In a statement on social networking website Twitter, the Prime Minister said that budgeting for the new financial year was a difficult task, keeping in mind the challenges arising from post-flood relief and rehabilitation, disruptions in the global supply chain and geostrategic changes.
He said that the political instability created by Chairman PTI has caused irreparable damage to the country’s economy.
The recent budget is the beginning of dealing with the challenges and crises faced by the country’s economy.
The Prime Minister said that the coalition government has given priority to such sectors for making the budget, through which the economic development can be accelerated, the trend of investment can be increased and the country’s economy can be made self-sufficient.
In the budget, the minimum wage has been increased to 32 thousand rupees. Shahbaz Sharif said in a tweet that the effects of inflation should be kept in mind The government has provided relief to government employees and pensioners by increasing their salaries by 35% and 17.5% respectively.
He said that the economy is in dire need of reforms. Economic growth is directly related to political stability. A Charter of Economy appears to be the only way forward for public prosperity.