Prime Minister Muhammad Shehbaz Sharif hosted a breakfast meeting in honor of ADB Vice President Yingming Yang, during which both sides reviewed Pakistan's long-standing development partnership with the bank .

Economic Reforms and Stability

Prime Minister Shehbaz Sharif stated that Pakistan has successfully navigated a difficult economic turnaround through rigorous fiscal, structural, and governance reforms. He said these corrective actions have restored macroeconomic stability, reinforced investor confidence, and earned stable outlook upgrades from major international credit rating agencies including Fitch, Moody's, and S&P .

The Prime Minister reaffirmed the government's commitment to long-term economic transformation and stressed that administrative bottlenecks are being actively dismantled through dedicated execution task forces .

ML-1 Railway Project

A central focus of the discussions was the modernization of the Main Line-1 (ML-1) railway corridor. The Prime Minister emphasized that upgrading ML-1 is essential for modernizing freight logistics, strengthening regional trade connectivity, and supporting major industrial initiatives .

The Prime Minister underscored the need for the early groundbreaking of the ML-1 project, stating that timely initiation of this project is vital for infrastructure development and modernizing connectivity .