Date: May 10, 2024
KARACHI, PAKISTAN – In a stunning revelation, Pakistan’s Prime Minister Shehbaz Sharif has expressed his nation’s shame and admiration for Bangladesh’s remarkable economic growth. Speaking at a high-level economic forum, PM Sharif acknowledged that Bangladesh’s rapid economic progress had left Pakistan feeling “ashamed” and “inspired” simultaneously.
PM Sharif’s Remarks:
“We are ashamed of our economic performance, and we are inspired by Bangladesh’s growth. They have done what we could not do. We are proud of their achievements, and we are determined to learn from them,” PM Sharif said.
Bangladesh’s Economic Success:
Bangladesh has consistently maintained a growth rate of over 6 percent, making it one of the fastest-growing economies in the world. The country’s economic growth has been driven by a combination of factors, including its thriving ready-made garments (RMG) sector, a significant increase in remittances, and substantial investments in infrastructure development.
Pakistan’s Economic Challenges:
Pakistan, on the other hand, has been facing significant economic challenges, including a widening current account deficit, a decline in foreign exchange reserves, and a high inflation rate. The country’s economic woes have been exacerbated by political instability, corruption, and a lack of adequate economic policies.
Conclusion:
PM Shehbaz Sharif’s admission is a wake-up call for Pakistan to re-evaluate its economic strategy and learn from Bangladesh’s successes. The Pakistani government must take concrete steps to address the country’s economic challenges and implement policies that promote sustainable economic growth.
