Prime Minister Shehbaz Sharif of Pakistan has made several statements regarding the country's economic and energy situation. Here are the key points from his remarks:

Prime Minister Shehbaz Sharif stated that Pakistan has managed to avoid a 'sovereign default.' This means that the country was able to meet its debt obligations and did not default on its loans.

Improvements in Agriculture and Energy Sectors: The Prime Minister mentioned recent improvements in the agriculture and energy sectors, which are expected to result in significant cost savings for the country. Record wheat production and an anticipated bumper crop of cotton would reduce the need for imports and save billions of dollars. Additionally, an increase in domestic energy reserves is expected to help reduce Pakistan's energy bill.

Shehbaz Sharif highlighted that the coalition government decided to prioritize the country's interests over politics, even though they faced a substantial political cost.

The Prime Minister attributed the risk of a sovereign default to the previous government's deviation from the International Monetary Fund (IMF) agreement, likely referring to former Prime Minister Imran Khan's policies.

PM Shehbaz emphasized the importance of increasing the usage of renewable energy, particularly solar and wind power, to reduce dependency on fossil-fuel-based power plants.

The Prime Minister addressed the challenges in the national electricity transmission system, including line losses, inefficiencies, and electricity theft, which result in significant annual losses.

Shehbaz Sharif mentioned the establishment of the SIFC, which is seen as an economic revival program focusing on agriculture, minerals, and other areas.

State Minister for Petroleum, Dr. Musadik Malik, and Federal Minister for Energy, Khurram Dastgir Khan, provided information on various gas and electricity projects, including increased gas production and additional electricity generation.