Prime Minister Shehbaz Sharif said on Friday Pakistan had successfully navigated a difficult economic turnaround through rigorous fiscal, structural and governance reforms, which had restored macroeconomic stability, reinforced investor confidence and earned stable outlook upgrades from major international credit rating agencies, including Fitch, Moody's and S&P.

Speaking at a breakfast meeting in honour of Asian Development Bank (ADB) Vice-President for South, Central and West Asia Yingming Yang, he reaffirmed the government's commitment to long-term economic transformation, saying administrative bottlenecks were being dismantled through dedicated execution task forces.

The meeting was informed the ADB was developing a new Country Partnership Strategy (CPS) for Pakistan covering 2026-2030, with possible resource allocation of $10 billion, as the government and the lender explored transformative investments, including early groundbreaking of the Main Line-1 (ML-1) railway project. The meeting stressed the need to strengthen development partnership between the two sides and advance initiatives aimed at improving infrastructure, connectivity and economic growth.

At the concluding meeting of the five-day visit of Yang, the two sides reviewed their decades-long development partnership and priority interventions under the new CPS. Welcoming Yang, the prime minister lauded the bank's professionalism and responsiveness in delivering transformative urban infrastructure, transport and public service projects in Pakistan, while Yang appreciated Pakistan's ongoing stabilization efforts.