INTERNATIONAL

While Pakistan continues to beg for money while India hosted the G20 summit, Laments Nawaz Sharif

Speaking at his party’s conference, the former Pakistani prime minister said that while Pakistan was pleading with other nations for financial assistance to survive, India had successfully hosted the G20 Summit and had been to the moon. Before leaving for Pakistan, Sharif spoke electronically to the party conference in Lahore, saying, “Today, Pakistan’s Prime Minister is traveling to different nations to ask for money, while India is landing on the moon and hosting global leaders at the G20 summit. Why couldn’t Pakistan do the same things? Who is to blame for our chaotic situation?

The former PM also mentioned the food insecurity of Pakistan’s underprivileged. He said, “What have we done to our country?”

In response to criticism of Pakistan’s current economic situation, Sharif said that “those who did this to our country are the biggest criminals.”

The leader of the Pakistan Muslim League-Nawaz (PML-N) further said that India has adopted economic reforms put out by his administration in 1990.

“Only one billion dollars were in the Indian government’s coffers when Atal Bihari Vajpayee took office as prime minister. Currently, their foreign currency holdings total USD 600 billion, according to Sharif.

He continued by saying that Pakistan has to grovel to other nations for even one billion dollars. “Even one billion bucks would be much appreciated. Where are we now? What position do we have in India’s eyes? We are requesting funding from the Gulf and China, Sharif said.

According to Shehbaz Sharif, his brother and the Pakistan Muslim League-Nawaz (PML-N) are scheduled to arrive in Pakistan on October 21.

One of Pakistan’s biggest economic and political crises, which has affected the general populace, has the country in shambles. This financial safety net of the Pakistani people looks to be dissolving as the country struggles with a severe economic crisis and skyrocketing inflation, according to a report from Dawn.

The International Monetary Fund just made it harder for Pakistan to manage its fiscal issues by rejecting a suggestion for any tariff modification or supply of further subsidy, according to Geo News. Pakistan continues to experience economic challenges.

Earlier, in July, in the midst of the nation’s deepening economic crisis, Pakistan raised the electricity base rate by Pakistani Rupees (PKR) 7.5 per unit, sparking huge unrest and a wave of demonstrations throughout the country.

According to Geo News, Pakistan’s Ministry of Finance has issued a warning about the difficulties brought on by uncertain global and internal economic conditions, including greater inflation and increased external debt repayments because of decreased foreign currency inflows.

Related Articles

Back to top button