Pakistani Prime Minister Shehbaz Sharif blamed the previous government for the economic crisis.
Islamabad:
Pakistani Prime Minister Shehbaz Sharif said on Saturday that the country can only develop if it makes economic progress.
Speaking to the nation on television and radio on the eve of the country’s 75th Independence Day, Shehbaz Sharif said Pakistan needs to get out of the ongoing economic turmoil it is witnessing.
“As opposition leader, I had presented the charter of economics to the (then) government; as prime minister, I once again repeat the offer,” he said, adding that the country cannot make progress without economic progress.
During his speech, Shehbaz Sharif also paid tribute to the leaders of the Pakistani movement and congratulated millions of Pakistanis around the world on the Independence Day.
He emphasized the economic crisis and the emotional crisis the country is facing as a result of the existing political tensions in the country.
He blamed the previous government for the current economic mess, but promised to bring stability.
Shehbaz Sharif also accused Imran Khan’s government of harming the China Pakistan Economic Corridor by suspending it.
Shehbaz Sharif also said the previous government had left a deficit of $48 billion and also failed to negotiate long-term deals when oil prices were low.
He announced plans to launch solar energy projects to end dependence on expensive oil imports.
The political instability in Pakistan, the depletion of foreign reserves, the delay in IMF loan disbursements and the devaluation of the rupee have had a severe impact on the economy of the poor country that has sought emergency financial assistance from the global lender.
