Pakistan PM Shehbaz Sharif Admits 'Begging For Money' Globally, Expresses Shame
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News18•31-01-2026, 12:49
Pakistan PM Shehbaz Sharif Admits 'Begging For Money' Globally, Expresses Shame
- •Pakistan PM Shehbaz Sharif admitted to 'begging for money' globally with Army Chief Asim Munir, expressing shame over the country's economic state.
- •Sharif made the statement while addressing Pakistani exporters in Islamabad, highlighting the difficult choices due to Pakistan's economic condition.
- •He noted that while foreign exchange reserves have almost doubled, they include loans from friendly countries, which he described as a burden on national self-respect.
- •Sharif praised China as an "all-weather friend" and thanked Saudi Arabia, UAE, and Qatar for their financial support, which helps stabilize reserves and prevent a balance-of-payments crisis.
- •Concerns were raised over high poverty (45%), unemployment (7.1%), and public debt exceeding Rs 76,000 billion, underscoring Pakistan's reliance on foreign aid and IMF programs.
Why It Matters: Pakistan PM Shehbaz Sharif expressed shame over seeking global financial aid, highlighting the nation's economic struggles.
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