shot-button
Ganesh Chaturthi Ganesh Chaturthi
Home > News > World News > Article > India reached moon hosted G20 Summit we are begging for funds laments former Pak PM Nawaz Sharif

India reached moon, hosted G20 Summit, we are begging for funds, laments former Pak PM Nawaz Sharif

Updated on: 20 September,2023 07:34 AM IST  |  Islamabad
ANI |

The former PM added that the poor were struggling for food in Pakistan. "What have we done to our country?" he questioned

India reached moon, hosted G20 Summit, we are begging for funds, laments former Pak PM Nawaz Sharif

Nawaz Sharif. Photo/PTI

Addressing a meeting of his party, PML(N), former Pakistan Prime Minister Nawaz Sharif said that India reached the moon and successfully hosted the G20 Summit while Pakistan was begging other countries for money to stay afloat.


Addressing the party meeting in Lahore virtually, prior to his return to Pakistan, Sharif said, "Today, Pakistan's Prime Minister is going from one country to another to beg for funds while India is setting foot on the moon and hosting world leaders at the G20 summit. Why couldn't Pakistan achieve similar feats? Who is responsible for our shambolic state?"


The former PM added that the poor were struggling for food in Pakistan. "What have we done to our country?" he questioned. Criticising the ongoing state of Pakistan's economy, Sharif said, "Those who did this to our country are the biggest criminals." The Pakistan Muslim League-Nawaz (PML-N) supremo claimed further that India had followed economic reforms initiated by his government in 1990.


"When Atal Bihari Vajpayee became the Prime Minister of India, it had only a billion dollars in their treasury. Now, their foreign exchange reserves have risen to USD 600 billion," Sharif said. He added that Pakistan was having to beg other countries for even one billion dollars. "We are begging for even one billion dollars. What have we come to? Where do we stand in India's eyes? We are asking for money from China and the Gulf," Sharif noted.

Also read: MP: Former CM Uma Bharti writes to PM Modi over women's reservation Bill, demands quota for backward women

Meanwhile, Shehbaz Sharif said that his brother and Pakistan Muslim League-Nawaz (PML-N) are set to arrive in Pakistan on October 21, Pakistan-based Geo News reported. Pakistan is reeling from one of its worst economic and political crises that have impacted the masses. As the nation grapples with a severe economic crisis and soaring inflation, this financial safety net of the people of Pakistan appears to be eroding, Dawn reported.

Recently, as Pakistan continues to face economic challenges, the International Monetary Fund made it tougher for the country to ride its fiscal challenges, as it rejected a proposal for any tariff adjustment or provision of additional subsidy, Geo News reported. Earlier, in July, amid the sweeping economic crisis in the country, Pakistan increased the electricity base rate by Pakistani Rupees (PKR) by 7.5 per unit, resulting in massive disquiet and provoking widespread protests.

Pakistan's Ministry of Finance has warned of challenges originating from uncertain external and domestic economic environments, including higher inflation and external debt repayments, due to lesser foreign exchange inflows, according to Geo News.

This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever

"Exciting news! Mid-day is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest news!" Click here!

Register for FREE
to continue reading !

This is not a paywall.
However, your registration helps us understand your preferences better and enables us to provide insightful and credible journalism for all our readers.

Mid-Day Web Stories

Mid-Day Web Stories

This website uses cookie or similar technologies, to enhance your browsing experience and provide personalised recommendations. By continuing to use our website, you agree to our Privacy Policy and Cookie Policy. OK