Pakistan PM Shehbaz Sharif Admits 'Begging For Money' Globally, Expresses Shame

• Pakistan PM Shehbaz Sharif admitted to 'begging for money' globally with Army Chief Asim Munir, expressing shame over the country's economic state.
• Sharif made the statement while addressing Pakistani exporters in Islamabad, highlighting the difficult choices due to Pakistan's economic condition.
• He noted that while foreign exchange reserves have almost doubled, they include loans from friendly countries, which he described as a burden on national self-respect.
• Sharif praised China as an "all-weather friend" and thanked Saudi Arabia, UAE, and Qatar for their financial support, which helps stabilize reserves and prevent a balance-of-payments crisis.
• Concerns were raised over high poverty (45%), unemployment (7.1%), and public debt exceeding Rs 76,000 billion, underscoring Pakistan's reliance on foreign aid and IMF programs.

Why It Matters: Pakistan PM Shehbaz Sharif expressed shame over seeking global financial aid, highlighting the nation's economic struggles.