Pakistan’s debt trap has become death trap, PM Shehbaz tells WEF
- Thread starter Wake up Pak
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Wake up Pak
Prime Minister (20k+ posts)
If you haven't watched the video, just read through it. This corrupt beggar joker is again making a mockery of Pakistan.
Prime Minister Shehbaz Sharif said on Monday that the country’s debt trap has become a death trap, calling it the biggest challenge for his government.
He made these remarks while addressing the closing session of the World Economic Forum (WEF) in Riyadh, Saudi Arabia.
“We have a serious problem of inflation before us. And then we have a debt trap, I prefer calling it a death trap, which has crumbled our economy.”
The premier said Pakistan has smaller carbon footprints, yet sees the brunt of climate change disasters.
“Pakistan is one of those countries which has nothing to do with the reasons leading to climate change. Our contribution to emissions is not even a fraction of one percent.”
Due to catastrophic floods in Pakistan, large swathes of land were submerged and millions of houses and animals were washed away and stagnant water brought water-borne diseases all across the country, he continued.
He said his government spent Rs 100 billion from scarce resources for relief and rehabilitation of flood affected people.
“We are grateful to friendly countries including Saudi Arabia, Gulf countries, United Kingdom, the United States and many others for their support at a difficult time.”
Pakistan’s economy suffered losses of $30 billion because of floods and then it approached international entities in Geneva and other places, had to borrow loans at expensive rates due to the natural disaster which was not its fault, he mentioned.
“Our country was hit in a way which I had not seen in my life time,” he remarked. He gave example of his family to express his determination and resolve to put Pakistan on the road to progress and prosperity.
Earlier, the premier apprised founder and co-chair of the Bill and Melinda Gates Foundation (BMGF), Bill Gates that Pakistan was working tirelessly to eradicate polio from the country.
He made these remarks during a meeting with Gates on the sidelines of the WEF special meeting in Riyadh today.
The premier stressed that a sustained effort was required by all partners to reach the ultimate goal of a polio-free nation.
The PM thanked the BMGF for its longstanding support for polio eradication in Pakistan and reaffirmed his commitment to continue working closely with Gates to ensure a stronger partnership between Pakistan and the BMGF.
While speaking at a panel discussion on ‘Redefining Global Health Agenda’ on Sunday, the premier highlighted “inequities in global healthcare” and termed them as the “foremost problem”.
PM Shehbaz said he was struck by a “nasty” cancer back in 2003 and he had to spend thousands of dollars from his pocket to undergo surgery in New York.
“And I wondered how many people in my country can afford this kind of expensive treatment,” the premier said, adding that when he later became the chief minister of Punjab, he built hospitals specialising in treatment for kidney and liver diseases as well as cancer.
PM Shehbaz reached Riyadh, Saudi Arabia on Saturday to attend the two-day WEF’s Special Meeting on Global Collaboration, Growth and Energy starting on April 28, 2024.
The invitation was extended by Muhammad bin Salman bin Abdulaziz Al-Saud, Crown Prince and Prime Minister of the Kingdom of Saudi Arabia, and Professor Klaus Schwab, Founder and Executive Chairman of the World Economic Forum, the foreign office said earlier.
As per details, PM Shehbaz was accompanied by a high-level delegation, including Foreign Minister Ishaq Dar and Finance Minister Muhammad Aurangzeb.
Prime Minister Shehbaz Sharif said on Monday that the country’s debt trap has become a death trap, calling it the biggest challenge for his government.
He made these remarks while addressing the closing session of the World Economic Forum (WEF) in Riyadh, Saudi Arabia.
“We have a serious problem of inflation before us. And then we have a debt trap, I prefer calling it a death trap, which has crumbled our economy.”
The premier said Pakistan has smaller carbon footprints, yet sees the brunt of climate change disasters.
“Pakistan is one of those countries which has nothing to do with the reasons leading to climate change. Our contribution to emissions is not even a fraction of one percent.”
Due to catastrophic floods in Pakistan, large swathes of land were submerged and millions of houses and animals were washed away and stagnant water brought water-borne diseases all across the country, he continued.
He said his government spent Rs 100 billion from scarce resources for relief and rehabilitation of flood affected people.
“We are grateful to friendly countries including Saudi Arabia, Gulf countries, United Kingdom, the United States and many others for their support at a difficult time.”
Pakistan’s economy suffered losses of $30 billion because of floods and then it approached international entities in Geneva and other places, had to borrow loans at expensive rates due to the natural disaster which was not its fault, he mentioned.
“Our country was hit in a way which I had not seen in my life time,” he remarked. He gave example of his family to express his determination and resolve to put Pakistan on the road to progress and prosperity.
Earlier, the premier apprised founder and co-chair of the Bill and Melinda Gates Foundation (BMGF), Bill Gates that Pakistan was working tirelessly to eradicate polio from the country.
He made these remarks during a meeting with Gates on the sidelines of the WEF special meeting in Riyadh today.
The premier stressed that a sustained effort was required by all partners to reach the ultimate goal of a polio-free nation.
The PM thanked the BMGF for its longstanding support for polio eradication in Pakistan and reaffirmed his commitment to continue working closely with Gates to ensure a stronger partnership between Pakistan and the BMGF.
While speaking at a panel discussion on ‘Redefining Global Health Agenda’ on Sunday, the premier highlighted “inequities in global healthcare” and termed them as the “foremost problem”.
PM Shehbaz said he was struck by a “nasty” cancer back in 2003 and he had to spend thousands of dollars from his pocket to undergo surgery in New York.
“And I wondered how many people in my country can afford this kind of expensive treatment,” the premier said, adding that when he later became the chief minister of Punjab, he built hospitals specialising in treatment for kidney and liver diseases as well as cancer.
PM Shehbaz reached Riyadh, Saudi Arabia on Saturday to attend the two-day WEF’s Special Meeting on Global Collaboration, Growth and Energy starting on April 28, 2024.
The invitation was extended by Muhammad bin Salman bin Abdulaziz Al-Saud, Crown Prince and Prime Minister of the Kingdom of Saudi Arabia, and Professor Klaus Schwab, Founder and Executive Chairman of the World Economic Forum, the foreign office said earlier.
As per details, PM Shehbaz was accompanied by a high-level delegation, including Foreign Minister Ishaq Dar and Finance Minister Muhammad Aurangzeb.
Wake up Pak
Prime Minister (20k+ posts)
Our PM in PDM1 had declared Pakistan Economy is in ventilator and Resultantly all commercial lenders took the money out, FDIs touched the low, and currency witnessed sharp fall and interest rate boomed to all time high.
In PDM 2 he tagged Pakistan is not in “debt trap it’s in death trap” at World Economic Forum, esteemed forum. This has came when SIFC has launched projects to attract capital from GCC, Saudi and China. Let’s see what will be in store for us now.
In PDM 2 he tagged Pakistan is not in “debt trap it’s in death trap” at World Economic Forum, esteemed forum. This has came when SIFC has launched projects to attract capital from GCC, Saudi and China. Let’s see what will be in store for us now.
Raiwind-Destroyer
Chief Minister (5k+ posts)
Harami dale napak fooj ne awaam.ko for sale laga ke IMF se loan le liya
Asim Randi munir abb ho ga Mala maal
Asim Randi munir abb ho ga Mala maal
Awam ka danda chayea iss mistry ko.
ابھی تین دن پہلے فیصلآبادی والدیزی وزیر خزانہ بیان دے رہا تھا کے پاکستان کی اکانومی بہتر ہو گئی ہےکرسٹینا سے اگلے قسط کی بات ہو گئی ہے
آج کرسٹینا نے سب کے سامنے بولا
دنیا کی ساری معیشت بہتری کی طرف جا رہی ہےلیکن پاکستان تباہ ہنی جا رہا ہے-
تینوں جھوٹے مکارپینڈو شہباز، اسحاق اور ا اورنگزیب سامنے بیٹھے تھے
I always say
Punjab and Pakistan a diverse thing
Time has proven
Punjab ate Pakistan
Think a person comes accidentally
Returns all IMF loan in 4 years?
Only reason he was
An honest n sincere to Pakistan
Above all he was born on other side of the border.
He could speak Punjabi fluently but his mother tongue was Urdu.
آج کرسٹینا نے سب کے سامنے بولا
دنیا کی ساری معیشت بہتری کی طرف جا رہی ہےلیکن پاکستان تباہ ہنی جا رہا ہے-
تینوں جھوٹے مکارپینڈو شہباز، اسحاق اور ا اورنگزیب سامنے بیٹھے تھے
I always say
Punjab and Pakistan a diverse thing
Time has proven
Punjab ate Pakistan
Think a person comes accidentally
Returns all IMF loan in 4 years?
Only reason he was
An honest n sincere to Pakistan
Above all he was born on other side of the border.
He could speak Punjabi fluently but his mother tongue was Urdu.
Wake up Pak
Prime Minister (20k+ posts)
Musharraf?
Yes he a traitor. But how you will take out his performances well inked on Pakistan statistical , World bank , Asia Bank graphs. Or those who witnessed the era means were in senses from 2000-2007 a Golden bench mark era written on every corners.
Musharraf?
Wake up Pak
Prime Minister (20k+ posts)
Wake up Pak
Prime Minister (20k+ posts)
Wake up Pak
Prime Minister (20k+ posts)
https://tribune.com.pk/story/2464489/revenue… collection is in ‘tatters’, power sector in ‘shambles’ -PM. Instead of going around whining as Cribber-in-Chief, narrating sob stories of problems afflicting Pakistani economy, isn’t it time to tell the world of what’s being done to set things right through concrete course correction? Too much crying & cribbing is not only counter-productive but adds to crisis as people lose hope + lowers national morale & shows helplessness from somebody who’s supposed to at least act like a decision-maker! As the Nike slogan goes: ‘JUST DO IT’!
digitalzygot1
Minister (2k+ posts)
Mulk ke maa yadh kay randi rona roo rahay hain. Hang these bastards
ایف اے تھرڈ ڈویژن گدھے کے بچے جیسے خود پاگل گدھے اور ان پڑھ جاہل نا اہل کرپٹ ہیں ویسا ہی یہ اس الو کے پٹھے اپنا لیڈر بنا کر لائے ہیں جو الو کا پٹھا گدھے کا بچہ دنیا کے ہر فورم پر پاکستان کا مزاق اڑاتا ہے اس گدھے کو بچے کو کوئی بتاتا کہ انٹر نیشنل فورم پر تقریر میں کیا بولنا ہے کیا نہیں بولنا۔ اس گدھے کے بچے کو تقریر لکھ کر دینے والا بھی کوئی گدھے کا بچہ ہی ہے
Citizen X
President (40k+ posts)
This BC forgot to mention he himself is the reason for this massive debt, forgot to tell how they took massive loans in the past and lined their own pockets. Gando also forgot to mention that Pakistan is in an economic mess which they created themselves.
Bheek manga failing at the one job he was hired for, to get bheek
pinionated
Minister (2k+ posts)
This guy was selling himself and his family more than Pakistan… people who know Pakistan’s history know he is full of shit… this is not 70s or 80s or even 90s when people used to sell stories, now anyone can look at numbers and find out that all aid has been eaten up by these bastards
Wake up Pak
Prime Minister (20k+ posts)
Wake up Pak
Prime Minister (20k+ posts)
