KARACHI – Prime Minister Nawaz Sharif has said Pakistan’s foreign exchange reserves have reached record high level and the Pakistan Stock Exchange (PSX) is among the world’s ten best-performing stock exchanges.

The premier said this while addressing an award ceremony during a visit to PSX on Thursday.

He said the Gas and electricity load shedding will end by 2018. “Several power projects were underway in Port Qasim, Hub, Thar and other areas which would help the country to overcome its energy shortages”, he added.

Nawaz Sharif has said all out efforts are being made to take the country forward on the path of progress and prosperity.

He said the Government has a vision of cheap and abundant supply of electricity in the country and for this purpose working is continuing on various projects.

The Prime Minister said the role of companies showing best performance in the stock exchange is commendable for giving a prosperous turn to the country’s economy.

He said nationalisation in the 70s had destroyed the national economy but today we have become successful in putting it on the track of progress.

Nawaz Sharif said the Government is particularly focusing on up gradation of Railways and roads network across the country.

He said the foundation stone for Hyderabad Sukkur motorway will be laid soon and the network will go on culminating into country wide motorway from Peshawar to Karachi.

Governor Sindh Dr Ishrat-ul-Ebad Khan and Chief Minister Syed Murad Ali Shah welcomed PM Nawaz on arrival. He is accompanied by Finance Minister Senator Ishaq Dar.