Nawaz Sharif Blames Former Generals and Judges for Pakistan's Economic Woes, Points to India's Successes
In a scathing criticism of Pakistan's economic struggles, former prime minister Nawaz Sharif compares them to India's advancements and calls for accountability. Pakistan's economy has been in decline for years, while India's foreign exchange reserves have soared. Sharif vows to lead his party to victory in the upcoming elections.
Pakistan's former prime minister Nawaz Sharif has criticized his country's economic struggles, comparing them to India's advancements. Sharif, who is currently in self-imposed exile in London, blamed Pakistan's former generals and judges for the economic woes faced by the country. He highlighted that while India has successfully sent a mission to the moon and hosted the G20 summit, Pakistan has been forced to beg for financial assistance from other nations. Sharif pointed out that India's economic growth was a result of following the economic reforms initiated by his government in 1990.
He questioned why Pakistan couldn't achieve similar feats and emphasized the need to hold those responsible accountable. Pakistan's economy has been in decline for several years, resulting in high inflation and immense pressure on its impoverished population. The current prime minister of Pakistan has been traveling from country to country in search of funds, exacerbating the nation's struggles. In contrast, India's foreign exchange reserves have grown from just a billion dollars to $600 billion. In July, Pakistan secured a $3 billion bailout program from the International Monetary Fund (IMF), with $1.2 billion already transferred to the country.
This financial aid is aimed at stabilizing Pakistan's ailing economy. Sharif, who has announced his return to Pakistan for the upcoming elections after over four years of exile, has vowed to lead his party to victory. Sharif also criticized the military and judicial establishment of 2017, whom he held responsible for his removal from office. He accused them of unleashing economic misery on the people of Pakistan and vowed to hold them accountable for their actions.
Sharif's party, the Pakistan Muslim League-Nawaz (PML-N), has faced accusations from the Pakistan Peoples' Party (PPP) of cosying up to the military establishment. Despite the political turmoil and accusations, Sharif remains confident in his party's ability to win in the upcoming general elections. While some former PML-N aides have been appointed to the caretaker federal cabinet, the party has chosen not to join the demand for elections within 90 days after the dissolution of the assemblies. The PPP suspects the Sharifs of conspiring against them to gain power and has accused the PML-N of becoming a "darling of the military."