Youm-e-Tameer-o-Tarraqi: A year of strength, growth, and progress

Express Tribune

08-02-2025

Democracy empowers the people to choose their leadership, entrusting them with the responsibility to serve, uplift, and steer the nation towards progress through accountability and action. In Pakistan, the 2024 general elections reaffirmed this principle, bringing Prime Minister Shehbaz Sharif to office at a defining moment in the nation's history.
Assuming leadership amid immense challenges—soaring inflation, a battle on two fronts: militarily against militants and politically against narratives undermining Pakistan's global standing, economic instability, energy crises, and global uncertainties—Prime Minister Shehbaz Sharif took on this responsibility with unrelenting determination. He steered the country through these crises with resilience, economic foresight, and a strong commitment to public welfare, proving himself as a leader of vision and action, dedicated to national stability and progress.
Under his dynamic and results-oriented leadership, Pakistan has tackled economic hurdles, strengthened diplomatic ties, and implemented key reforms in energy, infrastructure, and social welfare.
His hands-on approach, tireless dedication, and vision for inclusive growth have laid the foundation for a stable and progressive Pakistan, ensuring that every step forward delivers tangible benefits to the people.
Today, on February 8th, the nation celebrates Youm-e-Tameer-o-Tarraqi, marking the successful completion of the first year of the Government of Pakistan under Prime Minister Shehbaz Sharif. This occasion is a reflection on a year of resilience, reform, and unprecedented progress—where economic stabilization, infrastructural advancements, and strengthened diplomatic ties have reinforced the government's unwavering commitment to national growth. With transformative milestones across various sectors, this year has set the stage for a prosperous, self-sufficient, and forward-looking Pakistan.
One of the most commendable achievements of the government has been its economic turnaround. The Pakistan Stock Exchange (PSX) reached a historic high of 117,000 points, showcasing strong investor confidence. Inflation, which had plagued the country in previous years, saw a dramatic decline from 38% to just 2.4%, providing much-needed relief to citizens. Food prices dropped significantly, with a 48% reduction in essential commodities, easing the burden on households.
The policy rate was slashed from 22% to 13%, reducing borrowing costs and stimulating business activities. Additionally, the Pakistani Rupee gained strength, reflecting improved financial fundamentals. These economic indicators have reinforced Pakistan's stability, making it a more attractive destination for foreign investors. The Special Investment Facilitation Council (SIFC) played a key role in boosting Foreign Direct Investment (FDI), further solidifying economic progress.
Pakistan achieved a $1.21 billion current account surplus, the highest in two decades. Foreign exchange reserves soared past $16 billion, ensuring the country's ability to meet external obligations with confidence. The government also successfully negotiated an agreement with the International Monetary Fund (IMF), preventing an economic crisis and restoring investor trust. Foreign remittances reached a record-breaking USD 17.8 billion, reflecting the trust of overseas Pakistanis in the country's economic policies.
The impact of these economic policies was further validated by international credit rating agencies, which consistently upgraded Pakistan's ratings, affirming its fiscal credibility.
Another remarkable achievements of the past year has been the surge in foreign remittances, which reached an unprecedented USD 17.8 billion. This increase reflects the confidence of overseas Pakistanis in the country's economic trajectory and the government's effective policies in facilitating seamless financial transactions. Initiatives such as Roshan Digital Accounts (RDA) and streamlined banking channels have encouraged expatriates to send money through formal channels, boosting foreign exchange reserves and contributing to economic stability.
The government's commitment to strengthening ties with the Pakistani diaspora has played a pivotal role in sustaining this upward trend, ensuring that remittances continue to be a crucial driver of national development.
Infrastructure development remained a top priority, with significant progress made under the China-Pakistan Economic Corridor (CPEC). The inauguration of Gwadar International Airport marked a new chapter in transforming Gwadar into a global trade hub. The expansion and rehabilitation of motorway networks improved connectivity across the country, enhancing trade and commerce.
The launch of Uraan Pakistan, a five-year economic development plan, underscored the government's long-term vision for sustainable growth.The Uraan Pakistan program stands as a transformative initiative, designed to drive economic development, foster innovation, and enhance national progress over the next five years. With a strategic focus on energy, equity, employment, education, and entrepreneurship, Uraan Pakistan aims to create a self-sustaining economic model that empowers individuals and businesses alike.
The initiative is deeply rooted in homegrown solutions, ensuring that Pakistan's development is aligned with its unique socio-economic landscape. By promoting climate resilience, digital transformation, and infrastructure expansion, Uraan Pakistan is laying the groundwork for a more prosperous and self-reliant future, positioning the country as a strong contender in the global economy.
The Prime Minister's Youth Loan Scheme disbursed PKR 3,000 million in interest-free loans, enabling young entrepreneurs to thrive in agriculture and business. Education reform also remained a key focus, with significant efforts made to improve access and quality across Pakistan.
Pakistan's diplomatic engagements reached new heights, with Prime Minister Shehbaz Sharif and President Asif Ali Zardari actively strengthening international ties. High-level visits to China, Saudi Arabia, UAE, Qatar, Azerbaijan, Iran, Kazakhstan, Tajikistan, and Egypt reinforced Pakistan's role as a key player on the global stage.
The government successfully hosted major international events, including the CAYA Youth Summit, Shanghai Cooperation Organization (SCO) meetings, and Champions Trophy 2025. These events enhanced Pakistan's global standing, fostering cultural, economic, and diplomatic cooperation.
The past year is a proof of the current administration's commitment to national development, economic stability, and social welfare. The notable decline in inflation, strengthening of the Rupee, surge in stock market performance, and increased foreign investment all depict the success of efficiently curated policies.
The progress in infrastructure projects, along with social welfare initiatives reflect a governance model that prioritizes both socio-economic growth and human development. The government's vision for a flourishing Pakistan is evident in its ambition to ensure financial stability, create opportunities for youth, and improve the quality of life for the people.
As Pakistan marks Youm-e-Tameer-o-Tarraqi today, it is evident that the past year has laid a strong foundation for sustainable growth and economic progress. The government's achievements across various sectors exhibit its resolve to addressing economic challenges, enabling social upliftment, and positioning Pakistan as a key player in the global economy.
With continued policy efforts, well thought-out investment initiatives, and a focus on development, Pakistan is on the journey to achieving long-term prosperity and national progress. The momentum gained over the past year is bound to serve as a catalyst for even greater accomplishments in the following years, ultimately ensuring that the vision of a thriving Pakistan becomes a lasting reality.