Nations can’t get on through IMF programs, says Prime Minister Shehbaz

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Prime Minister Shehbaz Sharif declared that nations do not progress through the International Monetary Fund (IMF) programs, emphasizing that Pakistan has already achieved the stability it needs.

When he spoke at the launch of Prime Minister Digital Youth Hub, he clarified that loans of $ 1 billion from the IMF are not earned income but borrowed funds.

The Prime Minister said the public is aware that an agreement has been achieved at the staff level with the IMF, but it is a loan of a million dollars-not something that Pakistan has earned on his own.

He emphasized that the hard work and skills of the younger generation must transform a life of debt into one of dignity. “I will go to the last extent to free you from this debt,” he said. “We need to financially strengthen our farmers, industrialists and youth.”

PM SHARIF said young people in Pakistan need to be able to earn a respectable livelihood. “We want to reduce other expenses and allocate more funds to youth education,” he added, promising to serve the nation as its humble servant.

He said investment in youth would lead Pakistan towards progress. “Today is a day of unique happiness.”

When he reflected on his tenure as chief minister of Punjab, he said education, health and youth development had been the highest priorities. “If young people are educated in it, AI and business skills, they will become the country’s greatest asset,” he said, remembering the free distribution of 400,000 laptops to deserve students solely on profit.

“In today’s world, advanced technology is a necessity,” he added.

The Prime Minister also announced that RS34 billion had fled into the national treasury in the last three weeks. This amount had previously been fixed due to residence orders obtained by banks through the courts.

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