Prime Minister Muhammad Shehbaz Sharif Tuesday said that due to difficult decisions taken by the coalition government, Pakistan was out of the risks of default, reported 24NewsHD TV channel.

The prime minister said the government was taking all possible steps to further strengthen the national economy and was striving with priority measures to reduce price hike and provide relief to the common people.

The prime minister expressed these views while talking to a delegation of Jefferies, a leading global investment banking and capital markets firm. Minister for Finance Ishaq Dar was also present during the meeting.

The prime minister regretted that unfounded rumours were being spread about the economy of Pakistan and reprehensible efforts were being made to create havoc.

He said the coalition government without caring for the political price, saved the country from the repercussions of the previous four years’ maladministration by the former government.

He also reiterated that the government was making efforts to reduce the foreign trade deficit and providing all possible facilities to the foreign investors.  

Welcoming the delegation, the prime minister invited the firm to open its office in Pakistan.

The delegation termed the economic recovery of Pakistan as a good sign under the leadership of prime minister that faced the economic challenges in an effective manner and put the country on the path of economic stability.