Former Prime Minister of Pakistan, Nawaz Sharif, recently addressed a party gathering in Lahore via a video link from London. In his speech, he expressed profound concerns regarding Pakistan’s ongoing economic crisis. He raised substantial questions about Pakistan’s reliance on international financial aid, particularly in light of India’s notable achievements, such as a lunar mission and the hosting of the G20 summit.
Sharif commenced his discourse by shedding light on Pakistan’s precarious economic situation, underscoring the current Prime Minister’s extensive international travels to secure financial assistance.
In contrast, Sharif underscored India’s impressive accomplishments, not only highlighting their lunar expedition but also their role as hosts of international events like the G20 summit. He argued that this disparity raised doubts about Pakistan’s ability to achieve similar feats.
Drawing a parallel with India’s economic reforms, Sharif pointed out that during his tenure as Prime Minister in the 1990s, Pakistan had initiated reforms akin to those later adopted by India. He cited India’s remarkable growth in foreign exchange reserves, from a mere billion dollars during Atal Bihari Vajpayee’s leadership to a substantial $600 billion, as compelling evidence of India’s economic strength.
In July, Pakistan received a financial boost of $1.2 billion from the International Monetary Fund (IMF) as part of a $3 billion bailout package aimed at stabilizing the nation’s struggling economy.
Nawaz Sharif, who had been in self-imposed exile in the UK for over four years, announced his return to Pakistan on October 21. He plans to lead the Pakistan Muslim League-Nawaz (PML-N) party’s campaign for the upcoming general elections. His party has also expressed its intention to seek protective bail on his behalf.
Sharif did not shy away from attributing responsibility to Pakistan’s former military leaders and judges for the country’s predicament. He mentioned the involvement of four judges in his ousting, despite his efforts to alleviate power shortages in the nation. Sharif specifically named former chief justices Saqib Nisar and Asif Saeed Khosa, alleging that they had been influenced by former army and intelligence chiefs. He argued that their actions constituted a crime of greater magnitude than murder and asserted that they should not be granted clemency, emphasizing that such a move would be unjust to the nation.”
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