Pakistan Economic Crisis: PM Shahbaz Sharif’s video of begging went viral, said- I am ashamed of asking for loan but
Pakistan Economic Crisis: Pakistan The economic conditions have deteriorated badly. Inflation is on the seventh sky. People do not have money even to buy daily necessities. There is a huge shortage of foreign exchange reserves in the country. Meanwhile, a video of Pakistan Prime Minister Shahbaz Sharif is going viral. In this video, he has mentioned about seeking loan from UAE. PM Shahbaz has told in the video that what mental state he had to go through during his visit to UAE. country.
Video of Shahbaz begging is going viral
In this video, Prime Minister of Pakistan Shahbaz Sharif has mentioned his mental condition while taking loan from UAE. In this video, Shahbaz Sharif said, “I have come from UAE two days ago. The President there, Muhammad bin Zayed, treated him very well. I had earlier decided that I would not ask him for any more loans, but then I gathered my courage and told the UAE President that you are my elder brother, I am ashamed, but I have to. Give us another billion dollars.
visited uae last week
Pakistan is already burdened with huge debt and the Shahbaz government is again seeking financial help from other countries and international agencies. Last week Pakistan Prime Minister Shahbaz Sharif visited UAE. During this, he appealed to industrialists to invest in Pakistan. Even after taking loans from Saudi Arabia, United Arab Emirates (UAE), there is a big risk of default on Pakistan.
acute shortage of foreign exchange reserves
In Geneva, PM Shahbaz had asked for $ 16 billion in aid for Pakistan so that the flood-affected country could get some relief. From here he was assured to give 10 billion dollars. Not even a penny reached the government treasury of Pakistan. According to media reports, Pakistan has only three weeks of foreign exchange reserves left for imports. In such a situation, the Government of Pakistan has no option but to knock on the door of the IMF.