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China Observer > Blog > Pakistan > Predictions of Pakistan’s default prove false alarms: PM Shehbaz
Pakistan

Predictions of Pakistan’s default prove false alarms: PM Shehbaz

April 13, 2023 3 Min Read
Updated 13/04/23 at 9:39 AM
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Web Desk – Prime Minister Shehbaz Sharif  said the completion of the one-year of coalition government marked a successful tenure that resulted in Pakistan’s restored credibility, and overcoming of the country’s financial and energy challenges.

“I can inform people that over the last one year, we have largely succeeded in establish­ing Pakistan’s credibility as a partner and friend,” he wrote in a Twitter thread. PM Sharif said, “Today marks the com­pletion of one year since I took oath as PM of a coalition government. This has been a time of massive challenges and difficulties.

“It was a long jour­ney, but sustained ef­forts made it possible,” he said. Sharif re­called that the passage of no-confidence vote against former prime minister Imran Khan Niazi’s government was unprecedented.

“[It was unprecedent­ed] not because the Pakistan Democratic Movement (PDM) came into power, but because almost all of Pakistan’s political forces came to­gether to use the forum of parliament to vote out an unpopular govt through constitutional means,” he said.

The prime minister said the coming togeth­er of political parties with different mani­festos for a common national cause repre­sented a “major step forward in the country’s political evolution”.

“Reconciliation and cooperation, instead of confrontation and ven­detta marked the new politics post-April ’22,” he said.

He said despite the economic landmines laid by Imran Khan and the disruptions in glob­al fuel and food supply lines, Pakistan’s econ­omy continued to stay afloat.

“All predictions of de­fault turned out to be false alarms. Sincere ef­forts are underway to revive the economy,” he said. Sharif said the co­alition government has been at pains to repair, rebuild and deepen Pa­kistan’s diplomatic re­lations that were dealt a severe blow by the ‘Nia­zi regime’.

He said Pakistan faced unprecedented floods last year. The decisiveness with which the government undertook res­cue, relief and rehabilitation ef­forts, provided social protection to millions of people and mobi­lized international community has been acknowledged by the world as outstanding, he added.

He mentioned that the gov­ernment employed climate di­plomacy to present Pakistan’s case on the international stage.

“As Chair of G77 plus China, we were instrumental in the es­tablishment of loss and damage fund. Pledges of US$ 9 billion at Geneva moot are evidence of our successful diplomacy,” he said. He said in the last one year, the coalition government made efforts to diversify the en­ergy mix with the aim to pro­vide relief to the citizens.

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