Pakistan will not go with a begging bowl for loans

Pakistan: Pakistan's Prime Minister Shahbaz Sharif, who is stuck in a financial crisis, has started blaspheming in front of his allies that the authorities will no longer carry the 'begging bowl'. Gone are the days when cash-strapped Pakistani officials would go to friendly countries to meet their financial woes, Prime Minister Shehbaz Sharif, who was on a day-long visit to the United Arab Emirates (UAE), said now they would not go to friendly countries 'with a begging bowl'. Pakistan and the UAE are believed to have a long-standing brotherly relationship based on religious-cultural unity. Broke the begging bowl: Shahbaz Sharif Speaking to Geo news agency, Shahbaz Sharif said that the days of taking the begging bowl to friendly countries are over. I broke that bowl. Addressing UAE President Mohammed bin Zayed Al Nahyan, he said, “My dear brother, you have supported Pakistan like your great father, like a brother, like a family member.” However, the President of the United Arab Emirates did not attend the event. Shahbaz visited the United Arab Emirates seeking joint investment from Pakistan's new government that came to power in March, Shahbaz Sharif said today, “I am in this great country.” I am not looking for a loan in this great brotherly country, I am looking for joint cooperation and joint investment. Investors will mutually benefit from these collaborations. Hard work, ingenuity and modern equipment and skills will reap dividends. Emphasizing the need to develop IT skills for the youth, who constitute 60 percent of Pakistan's population, the Prime Minister lauded the cooperation of UAE and Pakistani companies to digitize the economy. Pakistan's foreign exchange reserves crossed $5 trillion for the first time. Pakistan's foreign exchange reserves declined by $74 million in the week ended April 19, according to a report by the State Bank of Pakistan. Foreign exchange reserves attributed the decline to foreign debt repayments, while net foreign exchange reserves with commercial banks stood at $5.3 billion, the bank said in a statement. This brings Pakistan's total liquid foreign exchange reserves to $13.3 billion. Now the onion will not jump and run on the pan, it will be tied in radioactive processing 'Pakistan will not go with a begging bowl for debt' appeared first on Prabhat Khabar.