‘I am very ashamed, but…’ How Shehbaz Sharif asked for loan from UAE, Pakistani PM himself told – न्यूज़लीड India

‘I am very ashamed, but…’ How Shehbaz Sharif asked for loan from UAE, Pakistani PM himself told

‘I am very ashamed, but…’ How Shehbaz Sharif asked for loan from UAE, Pakistani PM himself told


UAE gave big help to Pakistan

In the same month, UAE has agreed to give another $ 1 billion loan by rolling over the existing loan of $ 2 billion while helping Pakistan financially. Shahbaz Sharif reached UAE for the third time after becoming the Prime Minister of Pakistan. In a meeting with Prime Minister Shehbaz Sharif, UAE President Sheikh Mohammed bin Zayed agreed to roll over the existing $2 billion loan and provide an additional $1 billion loan to Pakistan, Information Minister Maryam Aurangzeb announced on Twitter on Thursday. Has agreed to provide and now Shahbaz Sharif, speaking at an event, said how he sought loan from UAE.

How did Shahbaz Sharif ask for loan?

How did Shahbaz Sharif ask for loan?

Pakistan’s Prime Minister Shahbaz Sharif while speaking in a program said, “I have just come through UAE two days back. The Sadar of UAE there, my brother, Janab Mohammad Bin Zayed, treated us very lovingly. Returns.” The Pakistani Prime Minister further said, “First I had decided not to ask for loan from him in future, but then I decided at the last moment and mustered up the courage to ask him for further loan. So I said, Sir, you Big brother and I am very ashamed, but it is compulsion, that our affairs, you know… you give me one billion more dollars. This statement of the Prime Minister of Pakistan asking for a loan is becoming quite viral on social media and people are saying that Pakistan itself is responsible for its situation.

Terrible situation in Pakistan

Terrible situation in Pakistan

According to the State Bank of Pakistan report, the country’s commercial banks, apart from the State Bank, have foreign exchange worth $5.84 billion. According to Geo, Pakistan’s foreign exchange reserves have decreased by $3.6 billion during the last 8 weeks and last week was the only week when foreign exchange reserves increased. This is the first time since February 2014, when Pakistan has so little foreign exchange left. Therefore, experts say that Pakistan is in dire need of foreign aid to reduce its current account deficit as well as to ensure foreign exchange, so that it can repay its debt as well as purchase essential goods. .

2 or 3 weeks backup only

Pakistan’s economy has further crumbled with a smoldering political crisis. The Pakistani rupee is depreciating and inflation is at decade highs, but devastating floods and the global energy crisis have put further pressure on the country. Geo News has said in its report that the country can now import goods for only 17 or 18 days. At the same time, it has been said in the Tribune’s report that thousands of containers filled with goods have been deposited at the port of Pakistan, but they are not being paid. In such a situation, there may be a huge shortage of essential goods in Pakistan in the next one week. However, the State Bank of Pakistan expects that the inflow of dollars into foreign exchange reserves will increase from next week.

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