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4mo ago

Pakistan’s Sharif Seeks Shift to Trade and Resource Use as IMF Approves $1 Billion Bailout

He told armed forces in Quetta that Pakistan must rely on commerce rather than foreign aid.

Shehbaz Sharif says allied nations expect Pakistan to engage as equal partners, not with a “begging bowl.”
Pak PM admits country went around with begging bowl, says allies no more expect it
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Overview

  • Sharif said the era of coming to international partners with a “begging bowl” has ended and they now expect Pakistan to engage through trade and investment
  • He urged full deployment of Pakistan’s natural and human resources for sustainable economic growth and expanded exports
  • Sharif called on the military to unite the nation against terrorism, linking security gains to improved economic prospects
  • India’s environment minister denied Pakistan’s allegations of Indus Waters Treaty breaches and blamed cross-border terrorism for straining the agreement
  • The IMF approved a $1 billion bailout for Pakistan despite objections from New Delhi, signaling support for Islamabad’s economic reforms