RIYADH: Prime Minister Shehbaz Sharif highlighted the issues facing the cash-strapped country on Monday, stating that the “deathtrap”—a debt trap—and skyrocketing inflation presented Pakistan with a significant challenge.
Speaking at the World Economic Forum (WEF) special meeting concluding plenary in Riyadh, Saudi Arabia, he made the following statements.
In order to attend the World Economic Forum’s Special Meeting on Global Collaboration, Growth, and Energy, PM Shehbaz arrived in Riyadh on Saturday and would stay there for three days.
Saudi Crown Prince and Prime Minister Muhammad bin Salman Al Saud, as well as WEF CEO Klaus Schwab, extended an invitation to him to attend the moot.
“There is also a problem of inflation and debt trap, [who] I call ‘deathtrap,’ as all these together pose a huge challenge [to Pakistan],” Prime Minister Shehbaz stated, addressing the moot’s concluding session.
Praiseing the kingdom’s leadership, he expressed gratitude to the Saudi authorities for their assistance to Pakistan.
“Pakistan is going for massive reforms to deal with economic challenges,” the nation’s top executive stated, referring to his government’s efforts to lead the nation out of disaster.
“After the elections on February 8, we gained control of the nation, and I’m now committed to restoring order. It’s not as simple as it seems.
