Monday, March 27, 2023

PM Shehbaz Sharif Admits Govt’s “Tough Decisions” Leading to Inflation

Shehbaz Sharif, Prime Minister of Pakistan admitted that the “hardest decisions” taken by the government are leading to “inflation and hard conditions” for the nation but still there is a “light at the end of the tunnel”.

PM give surety during his special Senate session that the good times are just ahead. Special Senate session held in Islamabad recently in order to celebrate the golden jubilee of the upper house of parliament.

He informed the Senate, “when the Pakistan Democratic Movement-led government took over the economy was facing very difficult challenges. The last government, he said, had signed an agreement with the International Monetary Fund (IMF) but did not adhere to its conditions.”

Pakistan is eagerly waiting for confirmation from Saudi Arabia, UAE, and Qatar, as well as from the World Bank as well as from Asian Infrastructure Investment Bank, for fulfilling the external financing needs of $6 billion by the end of June 2023.

He further stated, “We took over through a constitutional instrument and this coalition government faced a very difficult challenge and we had two choices”

“The other path was to show the highest level of responsibility, the highest level of maturity and the highest level of statesmanship,” the PM said. The current government, he added, through a consultative process adopted a path which would protect Pakistan.

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