Billions of dollars are spent on war, we are not even given loans for food, Pakistan again pleads in front of the world
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Shahbaz Sharif said that on one hand, you are ready to provide everything for the defense of a country or countries. That’s perfectly fine. But when it comes to saving thousands and thousands of people from dying, one has to borrow money at a very high cost.
Addressing the two-day Global Financing Pact summit in Paris, Pakistan Prime Minister Shehbaz Sharif said global lenders have billions of dollars to finance wars, but not for cash-strapped Pakistan. PM said global lenders will spend billions of rupees on war but will give loans only to flood-ravaged Pakistan.
Shahbaz Sharif said that on one hand, you are ready to provide everything for the defense of a country or countries. That’s perfectly fine. But when it comes to saving thousands and thousands of people from dying, one has to borrow money at a very high cost. Then you have to beg, borrow and make your already very fragile financial situation worse. Referring to the floods in Pakistan last year, the PM said that despite our scarce resources, we had to spend crores of dollars from our own pockets.
The Global Financing Pact summit is being held in Paris to build a consensus on international economic reforms to help debt-laden developing countries face growing challenges, especially climate change. During the summit, Pakistan PM Shehbaz separately met world leaders like Saudi King Salman bin Abdulaziz, French President Emmanuel Macron and Egyptian President Abdel Fattah al-Sisi.
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