Pakistan: Shehbaz Sharif: They don’t think Pakistan is in a begging position

June 2, 2025 0 Comments Sri Lakshmi #does Pakistan still rely on aid, #economic reforms in Pakistan, #economic self-reliance, #global perception of Pakistan economy, #international investment in Pakistan, #Pakistan begging bowl statement, #Pakistan economic recovery plan, #Pakistan economy 2025, #Pakistan foreign aid dependency, #Pakistan IMF news, #Pakistan inflation and debt crisis, #strategic partnerships with Pakistan 2 min read

Pakistan, which has been facing a severe economic crisis for some time, is known to be requesting the world for help. In this context, the Prime Minister of Pakistan recently said at an event that its relations with its allies have improved and that those countries no longer expect Pakistan to come to them with a ‘begging bowl’. He said that they see Pakistan as an equal partner in trade, investment, and innovation.

“China is a long-standing ally of Pakistan. Saudi Arabia is also a very reliable country, like Turkey, Qatar, the UAE, and Azerbaijan. They now expect to engage in trade, innovation, research, development, education, and health. They no longer want to come asking for financial assistance,” said Shahbaz Farif.

Speaking at a program organized at the Quetta Command and Staff College in Balochistan, he said that he, along with Field Marshal Asim Munir, is the last person to bear the financial burden. He said that the country is rich in natural resources as well as human resources, and economic challenges can be overcome by utilizing them effectively.

On the other hand, it is known that the International Monetary Fund has announced a bailout package for Pakistan, which is facing a severe economic crisis. As part of this, it recently sanctioned one billion dollars. The IMF, which imposed several conditions for this, has warned that increasing tensions with India will only cause more problems for Pakistan and threaten the goals of economic and other reforms in the country.

FAQs

Q1: What prompted Prime Minister Shehbaz Sharif’s statement about Pakistan’s economic position?

A1: The statement reflects a strategic shift in Pakistan’s approach, aiming to move from dependency on foreign aid to building strategic partnerships focused on trade and investment.

Q2: How has the international community responded to this new narrative?

A2: International partners have shown cautious optimism, acknowledging Pakistan’s efforts while emphasizing the need for concrete economic reforms to support the shift.

Q3: What sectors is Pakistan focusing on to diversify its economy?

A3: Pakistan is investing in sectors like information technology, manufacturing, and renewable energy to create new revenue streams and reduce reliance on traditional sectors.

Q4: What are the main challenges Pakistan faces in achieving economic self-reliance?

A4: Key challenges include managing existing debt, controlling inflation, implementing structural reforms, and ensuring political stability.

Q5: How does Pakistan plan to attract foreign investment?

A5: By investing in infrastructure and technology, improving governance, and creating a conducive business environment, Pakistan aims to attract foreign investors and integrate into global value chains.

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Sri Lakshmi

Srilakshmi a bilingual content writer with 5 years of experience in Telugu and English news writing. Passionate about storytelling and trending topics, Srilakshmi delivers accurate and engaging content for readers worldwide.