PM admits humiliation in seeking bailouts

Brut India

One of the more damning admissions of how Pakistan lost its way... courtesy of the Pakistani Prime Minister himself.

Transcript

00:00Pakistan is an example of nuclear power in one hand and Kashkhor in the other hand.

00:09How long will this confluence of fire and water continue?

00:30The U.S. has been trying to stop the confluence of fire and water for a long time.

00:37But the U.S. has not stopped.

00:41The U.S. has not stopped.

00:44The U.S. has not stopped.

00:47The U.S. has not stopped.

00:50Two days ago, I came from Saudi Arabia, from UAE.

00:55The president of the UAE, my brother Mohammad bin Zayed,

01:02treated me with a lot of love and affection.

01:07He opened his heart to me.

01:10And the challenges of Pakistan, the economic challenges,

01:16we all know that I don't want to go into details here.

01:20So I told him that the $2 billion loan that you have given to Pakistan,

01:26please roll it over.

01:29And I had decided earlier that I would not ask for a loan from him anymore.

01:34But look at my bad luck.

01:37At this time, the difficulties that Pakistan is going through,

01:42I decided at the last minute to ask for a loan from him.

01:48All my colleagues were sitting there.

01:51His team was also sitting there.

01:53So I told him that you are my elder brother.

01:57And I am feeling very ashamed.

01:59But we are helpless.

02:01Our financial matters are in such a bad shape under the conditions of the IMF.

02:07The ninth review has not been completed yet.

02:10Their condition is that you increase the prices of electricity.

02:13Increase such and such prices.

02:14How much more burden should we put on a poor man?

02:17Anyway, I did not tell him the details.

02:19I told him that you know the problems.

02:21You give us another $1 billion.

02:25He said, well done, my brother.

02:28How can I refuse you?

02:30I am here.

02:31Now see, he did this.

02:34When I went to him for a separate one-on-one meeting,

02:38I said that I also spoke a little in front of everyone there.

02:43I spoke in detail there.

02:45I said that I feel very embarrassed.

02:50Every time someone comes to you, you do not say anything.

02:56But in your heart, you must understand that they have come to ask for money.

02:59So I said that Pakistan is an example of this.

03:04In one hand, we have nuclear power.

03:07And in the other hand, we have Kashkhor.

03:09This fire and water, how long will it last?

03:14He said, well done, you are right.

03:17But I have done this with pleasure.

03:20May Allah solve your problems.

03:22I am here.

03:23Then he told me some other suggestions.

03:25That we should move forward in trade.

03:27We should move forward in investments.

03:29In the end of the day, this is a loan.

03:32This is a loan that we have to pay to our descendants.

03:36This is the question which we have to ponder over.

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