• About
  • Advertise
  • Contact
Thursday, July 7, 2022
  • Login
WRITE FOR US
Economy.pk
  • Economy
  • Politics
  • Technology
  • Education
  • Life & Style
  • Health
  • World
No Result
View All Result
Economy.pk
  • Economy
  • Politics
  • Technology
  • Education
  • Life & Style
  • Health
  • World
Economy.pk
Home Politics Pakistan Politics

More tough times ahead, warns PM Shahbaz 

bySuneela Zulfiqar
June 23, 2022
in Pakistan Politics, Politics
Reading Time: 2 mins read
0
More tough times ahead, warns PM Shahbaz 
499
SHARES
8.2k
VIEWS
Share on FacebookShare on Twitter

ISLAMABAD: PM Shahbaz Sharif said Thursday that the country is facing an economic crisis and may have to weather more tough times.

Addressing Pakistan Muslim League-Nawaz senators in Islamabad, Sharif said that some of his “companions” have suggested making election reforms and announcing elections, but the government plans to complete its constitutional term.

RelatedPosts

PM inaugurates Blue and Green Line Metro Bus Service

British High Commissioner Christian Turner meets Imran Khan

Govt committed to protect poorest from effects of difficult economic conditions

“We faced many challenges when I took oath as prime minister,” the premier said.

The PTI-led government has come under criticism for finalising a deal with the International Monetary Fund (IMF) that will see the impact of international prices of oil and gas passed on to the masses.

PM Shahbaz said that the terms with the IMF have been finalised and the deal with the Fund will close soon, barring any other conditions set by the global lender.

Criticising the PTI government further, he said that the previous government “never felt strongly about doing anything for widows and the poor”.

“They saw their defeat in March and so they lowered oil prices,” the prime minister said, adding that they just arbitrarily made the decision.

The previous government signed a petroleum levy of Rs30 with the IMF, he said.

Speaking of lost opportunities, the premier said that “billions and trillions of treasures” are buried in Reko Diq “but we could not dig them out”.

“This is the fault of the leadership which dealt with the matter in the wrong way,” he said.

The premier said that the PTI is facing scandals of gas and wheat exports. “They gave billions in subsidies, emptied the coffers, and the cartels had a field day,” he said.

He went on to say that “it will no do good to look back and cry”.

PM Shahbaz, referring to the recently inked $2.3bn loan agreement with a Chinese consortium of banks, said: “How long will China help us?”

“China and Saudi Arabia must be wondering when Pakistan will stand on its own feet,” he remarked.

The prime minister said it was the need of the hour to set aside politics and put the state above everything else. “If the state survives, so will our politics,” he added.

Tags: economic crisisInternational Monetary FundlatestPakistanPM Shahbaz
Suneela Zulfiqar

Suneela Zulfiqar

Related Posts

PM inaugurates Blue and Green Line Metro Bus Service

PM inaugurates Blue and Green Line Metro Bus Service

The Prime Minister Shahbaz Shareef has promised that all public welfare projects will be carried out with complete transparency. He...

British High Commissioner Christian Turner meets Imran Khan

British High Commissioner Christian Turner meets Imran Khan

The Chairman of the Pakistan Tehreek-e-Insaf, Imran Khan, met with the British High Commissioner, Christian Turner, on Tuesday to discuss...

Next Post
Pakistan Hajj Mission doubles shuttle service from Reehbakhs residential area

Pakistan Hajj Mission doubles shuttle service from Reehbakhs residential area

Recommended

India vs Pakistan clash in Asia Cup 2022 on Aug 28

India vs Pakistan clash in Asia Cup 2022 on Aug 28

Martyrdom anniversary of Shaheed Havaldar Lalak Jan, being observed today

Martyrdom anniversary of Shaheed Havaldar Lalak Jan, being observed today

Textile industry

Pakistan’s Textile industry loses $1 billion export orders

ECNEC give approval of many infrastructure projects

ECNEC give approval of many infrastructure projects

PM inaugurates Blue and Green Line Metro Bus Service

PM inaugurates Blue and Green Line Metro Bus Service

Pakistan’s Gas and Oil Production Declines in FY22

Pakistan’s Gas and Oil Production Declines in FY22

Connect with us

Twitter

Economy.pk

Economy.pk touches diverse topics with a lighter note and is geared toward audiences with various interests and all ages. Come and explore Economy.pk. Ample details and analysis are provided in extraordinarily readable manner making them compelling and interesting at the same time.

Category

  • World
  • Politics
  • Business
  • Technology
  • Education
  • Health
  • Life & Style
  • Opinions

Social Media

  • Facebook
  • Instagram
  • Twitter
  • Linkedin

Sitelinks

  • Sitemap

Download our APP

download on android app download on apple app
  • About
  • Advertise
  • Contact

© 2022 All Rights Reserved Economy.pk | Designed & Developed by Digital Otters

  • LATEST
  • World
    • Europe
    • Americas
    • Asia
    • Oceania
    • Africa
    • Canada
    • Middle East
  • Finance
  • Politics
  • Business
    • Economy
    • Finance
    • Entrepreneurship
    • Real Estate
  • Technology
    • Cyber Security
    • Mobiles
    • Social Media
  • Education
  • Sports
  • Life & Style
    • Personalities
    • Art
    • Culture
    • History
    • Entertainment
    • Fashion
    • Food
    • Health
      • Environment
      • Fitness
  • Sponsored

© 2022 All Rights Reserved Economy.pk | Designed & Developed by Digital Otters

No Result
View All Result

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In