Prime Minister Shehbaz Sharif has said that Pakistan has no role in climate change, yet we have seen a huge disaster, we are going to do large-scale reforms in the country because reforms have become inevitable for the improvement of the country’s economy.
Speaking at the closing session of the special session of the World Economic Forum held in Riyadh, the capital of Saudi Arabia, Shahbaz Sharif said that we are following the agenda of fundamental reforms to improve the economy, we are facing a big challenge like climate change, millions of The youth population is our valuable asset, by providing modern technology and technical training we can enable them to start their own employment.
He said that due to the war in Ukraine, Russia, prices have increased globally, friendly countries including Saudi Arabia have given full support to Pakistan, we cannot account for what Saudi Arabia has done in difficult times.
The Prime Minister said that peace in the world cannot be established without peace in Gaza. Peace in Palestine is very important.
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Shahbaz Sharif said that the developing countries, including Pakistan, were greatly affected by the inflation in the global market. Until we remove the deficiencies, recovery is not possible. On the way to major reforms, we must adopt simplicity.
He further said that there was a lot of damage during the floods in Pakistan, climate change has had a devastating effect on Pakistan, Pakistan is one of the countries that has no role in climate change, yet we have seen such a disaster that has never been seen before. had not come, we have lost billions of rupees, we had to take loans at huge interest, I have never seen such a situation in Pakistan in my life.
The Prime Minister said that my late father was the son of a poor farmer, my father set up a factory, then it was nationalized, my father and brother never gave up, they established 6 new factories in 18 months, our power sector was stolen. Severely affected, the revenue sector was also devastated.
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Shahbaz Sharif further said that youth are our asset, they have to provide information technology and other technologies, farmers have to provide modern equipment, this is not an easy task, we have to increase our exports, we don’t have oil. Gas reserves are also decreasing, we cannot import raw materials for industry and agriculture.
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They said that we have to distinguish between black sheep and white sheep, I said that I will not take any pressure and give Pakistan its place with tireless work, we are going to do extensive reforms, the debt trap. It became a death trap.
Meetings of the ministers of Saudi Arabia with the Prime Minister
Prime Minister Mohammad Shahbaz Sharif met with His Royal Highness Prince Abdulaziz bin Salman Al Saud, Minister of Energy of Saudi Arabia on the sidelines of the special session of the World Economic Forum. The CEO and President of Aramco and the Chairman of ACWA Power were also accompanied by the Saudi Energy Minister. During the meeting, the Prime Minister highlighted the steps taken by the Government of Pakistan to facilitate the process of investment in the energy sector of Pakistan.
He emphasized on the need to build and improve existing energy infrastructure between the two brotherly countries, increase focus on renewable energy and bring efficiency to the entire energy ecosystem. The Saudi Energy Minister mentioned the deep historical brotherly relations between the two countries and appreciated the important role of Pakistanis in the development of Saudi Arabia.
The Saudi minister expressed keen interest in the development of energy projects. On which the Prime Minister thanked the Saudi Minister.
Saudi Arabia’s Minister of Economy and Planning Engineer Faisal Al-Ibraheem and Saudi Arabia’s Minister of Environment, Water and Agriculture Abdul Rahman Abdul Mohsen Al-Alfadli also met with the Prime Minister.
During the meeting, the Prime Minister highlighted the potential of Pakistan’s agricultural sector and said that Pakistan can be a bread basket for Saudi Arabia and can play an important role in ensuring food security not only for the two countries but for the entire region. .
Saudi Minister for Environment, Water and Agriculture briefed the Prime Minister regarding the fruitful talks to be held in Islamabad on 15-16 April 2024. He said that Saudi agricultural companies are showing interest in Pakistan’s agricultural sector and it is hoped that both countries will benefit from joint ventures to improve the value chain of the agricultural economy. He emphasized that Saudi Arabia values Pakistan’s strategic and competitive advantages in the agricultural sector and considers the Pakistani agricultural sector as an important area of cooperation.
The Saudi Economy Minister appreciated the Prime Minister’s personal focus on increasing economic cooperation between the two countries.
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2024-05-05 07:24:37