No possibility of Pakistan defaulting, says PM Shehbaz

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Prime Minister Shehbaz Sharif has said that there is no possibility of Pakistan defaulting.

The PM was addressing a ceremony which was held to mark the completion of a decade of signing of the Memorandum of Understanding (MoU) of the China-Pakistan Economic Corridor (CPEC), in which Shahbaz Sharif attended as the chief guest, while the Chinese Charge d’Affaires and Chinese and Pakistani officials also attended the ceremony.

Addressing the ceremony, Shahbaz Sharif said that the CPEC MoU was signed in 2013, Nawaz Sharif along with the Chinese President started the journey of CPEC, under which many development projects were started.

He said that $25.4 billion was invested in CPEC, engineers and workers worked hard day and night to make CPEC a success.

Shahbaz Sharif said that Pakistan and China are iron brothers, China has supported Pakistan in every difficulty, for which there are no words to thank.

The Prime Minister said that our government revived CPEC as soon as it came, PTI completely ignored CPEC and also violated the International Monetary Fund (IMF) agreement.

Regarding the IMF, he said that China helped Pakistan financially in bad times, as well as Saudi Arabia and the UAE also helped us, but the IMF agreement has given Pakistan an opportunity to move forward, so we will fully abide by the IMF conditions.

Shahbaz Sharif said that some people were praying for Pakistan to default, but now there is no possibility of Pakistan defaulting.

The Prime Minister said that we have to save the poor people of Pakistan from inflation, that is why the philanthropists should come forward and get Pakistan back to the lost place, we will work hard and make Pakistan stand on its feet.