Becoming embarrassing to ask for extra loans: Pakistan PM Shehbaz Sharif

Prime Minister of Pakistan, Shehbaz Sharif, mentioned that it’s changing into very embarrassing for him to ask for additional loans from different international locations. Pakistan, which is perennially in an financial crunch, is as soon as once more getting bailed out by different international locations like Saudi Arabia. The Pakistan PM thanked Saudi Arabia for his or her help however on the similar time, talked about that it’s not an answer because the loans must be returned.

Addressing the passing out ceremony of probationary officers of the Pakistan Administrative Service (PAS), Shehbaz Sharif urged the civil servants to serve the nation with their utmost capacities and hoped that they are going to navigate Pakistan out of its monetary troubles.

At the ceremony, Pakistan PM reminded the PAS officers that they are going to be confronted with Pakistan’s issues, like poverty, unemployment, ailments, and illiteracy. Sharif regretted that in the course of the previous 75 years, completely different governments – whether or not headed by the political management or navy dictators – couldn’t handle the financial points.

During Sharif’s current go to to the UAE, President Sheikh Mohammed bin Zayed introduced a grant of an extra USD 1 billion mortgage to Pakistan. UAE has additionally agreed to rollover a earlier mortgage of USD 2 billion. Saudi Arabian Crown Prince Mohammad Bin Salman has additionally requested his officers to check if they will enhance funding within the beleaguered nation by one other USD 2 billion.

Saudi Arabia and UAE have repeatedly helped Pakistan in an try and get their economic system on observe, however Pakistan’s economic system is displaying no indicators of revival.

Shortage of even fundamental gadgets like flour in Pakistan

Pakistan is dealing with its worst-ever flour disaster with components of the nation reporting a scarcity of wheat and stampedes reported from a number of areas in Khyber Pakhtunkhwa, Sindh, and Balochistan provinces 

Tens of 1000’s spend hours each day to get the backed baggage of flour which are already brief in provide available in the market. Chaotic scenes are sometimes witnessed as individuals collect round autos pushing one another because the mini-trucks and vans escorted by armed guards go about distributing the flour. Quite a lot of clashes have been reported at flour sellers and tandoors.

Prices of wheat and flour have skyrocketed amid the continuing financial disaster within the nation.