Wednesday, July 6, 2022

We don’t have money to buy oil, gas: PM Shehbaz Sharif

Shehbaz Sharif, the Prime Minister of Pakistan, has stated that Pakistan does not have the money necessary to purchase oil and gas.


In Islamabad, he was speaking at a pre-budget business gathering that lasted for a long day.

According to Pakistan’s Prime Minister Shehbaz Sharif, there has been a “stark difference” in the country’s economic growth during the first 25 years of Pakistan’s existence and the years that followed. 


He emphasized the necessity for a “Charter of Economy,” which would lead to long-term stability, and stated that there can be no economic stability in the country without political stability. He also stated that there can be no economic stability in the country without political stability.

“Regardless of what transpires or which political faction wins the election, the objectives outlined in the ‘Charter of Economy’ will continue to be pursued in the same manner.”

Moving on, the prime minister continued by stating that rural areas needed to be developed since people who moved from less developed cities to more developed cities became a strain on the resources of the more developed city they moved to.

Read Also: No petrol price will increase today: Miftah Ismail 

The Prime Minister of Pakistan made a comparison between his nation’s Information Technology industry and that of India’s and stated that India’s industry generates over $200 billion while Pakistan’s industry is hovering around $2.5 billion. He continued by saying, “We need to go for specific export industrial zones.”

The Prime Minister went on to add that the government would develop industrial zones that were well-structured. “In order to boost exports, the developed zone ought to be turned over to investors so that they can continue to develop it. We need to set goals that are quite challenging.”

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