Pakistan’s Prime Minister Shahbaz has openly expressed his displeasure over the country’s increasing dependence on foreign debt. According to news agency ANI, Shahbaz, while addressing business leaders in the capital Islamabad, admitted that due to the poor economic condition of the country, he had to repeatedly go on foreign tours and ask for loans. He said, “I want to tell you without any hesitation that when Field Marshal Asim Munir and I go around the world to ask for money, we feel ashamed. Taking a loan is a huge burden on our self-respect. Many times we have to compromise. Many times we are not even able to say ‘no’ to their conditions.” Shahbaz said – Pakistan now needs to find other ways. Shahbaz also said that the burden of debt is becoming heavy on the prestige of the country and now there is a need to find alternative economic ways. His statement has come at a time when Pakistan is trying to get help from IMF and rollover the old loan. It is clear from PM Shahbaz’s statement that Pakistan is facing a serious economic crisis and has become highly dependent on international aid. Shahbaz described China as an “all-weather friend” and said that Saudi Arabia, UAE and Qatar have also supported Pakistan in good and bad times. Pakistan’s economy depends on these countries. These countries are helping in maintaining foreign exchange reserves and saving from balance of payments crisis. China invested 60 billion dollars in Pakistan. To provide relief to Pakistan, China has extended the deadline to repay its loan. This assistance is believed to be around $4 billion in the year 2024-25. Apart from this, China has invested more than 60 billion dollars in power projects, roads, ports and other infrastructure works in Pakistan. Saudi Arabia deposited $3 billion in the central bank of Pakistan in December 2024. After this, in the year 2025, oil worth about $1.2 billion was given to Pakistan on loan, so that there is no pressure of immediate payment. Saudi Arabia has also indicated to invest 5 to 25 billion dollars in the fields of mining, farming and information technology. UAE extends Pakistan’s $2 billion loan to early 2025. It has also promised to invest 10 to 25 billion dollars in projects related to electricity, port operation and dirty water treatment. Qatar has signed an agreement to launch an investment of $3 billion in Pakistan. This investment will be in sectors related to aviation, agriculture and tourism. Qatar is also a big country supplying gas to Pakistan. At present, Pakistan’s economy is somehow running with the help of all these countries. This assistance is being provided through government structures such as the China-Pakistan Economic Corridor and the Special Investment Facilitation Council, which currently form the economic backbone of Pakistan.
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पाकिस्तानी PM बोले- कर्ज मांगने में अब शर्म आती है: दूसरे देशों के सामने हमारा सिर झुका रहता है, उनकी शर्तें मानना हमारी मजबूरी
