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Pakistan: Shehbaz Sharif foresees burden of foreign debt to remain for several years
Shehbaz Sharif
Shehbaz Sharif Instagram page

Pakistan: Shehbaz Sharif foresees burden of foreign debt to remain for several years

| @indiablooms | 29 May 2022, 08:33 pm

Islamabad: Pakistan Prime Minister Shehbaz Sharif has said that the burden of foreign debts on Pakistan is such that it could not be possible to pay it off even by generations to come, Geo News reported on Sunday.

He accused the Imran Khan's government of taking hefty amount of loans thereby making it almost impossible for the coming generations to pay them off.

The prime minister said this is a public gathering in Mansehra two days after he addressed the nation following the massive hike in the price of petroleum products, wherein he justified the increase in prices because the previous regime had "emptied" the national exchequer.

Shehbaz acknowledged the "pain" of the people due to the rising inflation but blamed the PTI-led government for the issue and said his team would work to reduce it.

Lashing out at Khan, the prime minister said he did not deliver on his promise of five million homes during his tenure. "But we have, to cushion the inflation's effect on people, have announced a subsidy package."

 

(With UNI inputs)

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