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-PM Sharif, Saudi crown prince discuss bilateral ties, Gaza situation
-SHC orders payment of compensation to missing persons’ families
-Police intensify crackdown on underage drivers in Lahore
-Pakistan working tirelessly to eradicate polio from country, PM tells Bill Gates
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-PM Sharif, Saudi crown prince discuss bilateral ties, Gaza situation
-SHC orders payment of compensation to missing persons’ families
-Police intensify crackdown on underage drivers in Lahore
-Pakistan working tirelessly to eradicate polio from country, PM tells Bill Gates
Follow the ARY News channel on WhatsApp: https://bit.ly/46e5HzY
Subscribe to our channel and press the bell icon for latest news updates: http://bit.ly/3e0SwKP
ARY News is a leading Pakistani news channel that promises to bring you factual and timely international stories and stories about Pakistan, sports, entertainment, and business, amid others.
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NewsTranscript
00:00 [MUSIC PLAYING]
00:04 Welcome back.
00:06 [NON-ENGLISH SPEECH]
00:10 --of a percent.
00:11 And yet, we were devastated like never before.
00:17 You know, large swaths of land were submerged.
00:21 Millions of houses were washed away, millions of animals,
00:27 and stagnant water-borne disease spread all over the country.
00:34 And we had to cough out hundreds of billions of rupees
00:39 from our own scarce resources to rehabilitate
00:44 effectives, millions of them, children, under the sky.
00:49 We're very grateful to all those friendly countries which
00:53 were very helpful-- Saudi Arabia, Britain,
00:59 and Gulf countries, and of course,
01:01 United States of America and many other countries.
01:04 But the pointed issue is where you have lost $30 billion
01:10 in terms of your economic losses,
01:15 and 100 billion rupees, which is probably $300 million or so,
01:23 it is just a fraction.
01:26 And then, when we approached international entities
01:32 in Geneva and in other places, we
01:36 had to borrow loans at expensive rates.
01:41 I mean, we were not at fault at all.
01:45 For no rhyme or reason, our country
01:47 was hit in a way that in my lifetime,
01:53 I've never seen this kind of catastrophic situation.
01:57 And now that we have taken over, I just
02:02 want to share, ladies and gentlemen, one example.
02:07 My late father and his brothers were sons of a poor farmer
02:14 in undivided India.
02:16 And then they migrated to Pakistan
02:20 before the division of India in Lahore.
02:23 Through a dent of hard work and untiring efforts, in 1965,
02:30 they raised the largest steel engineering
02:33 company in Pakistan.
02:35 And then on 2nd January, 1972, it was nationalized.
02:42 And there was nothing in their hand to be busy about.
02:46 Yet, my father and his brothers never lost hope.
02:51 And they stood up and accepted the challenge.
02:55 And in this very same government regime, in 18 months,
03:00 they raised six new small factories
03:05 to avoid further nationalization.
03:08 Guinness Bank was their banker.
03:10 They said, come to England.
03:12 We will give you a lot of opportunities.
03:15 My father said, no.
03:17 I was born here and will die here.
03:19 Now, what is the moral of the story?
03:22 That wherever there's a will, there's a way.
03:25 So we are facing these problems, these challenges.
03:29 But I think global north has to appreciate that global south
03:37 will survive.
03:39 Then they will survive.
03:40 And vice versa, we have taken over the reign of the country
03:48 again after 8th of February this year.
03:51 And I am now determined, in terms of the example I've just
03:56 given you, to put things in order, easier said than done.
04:01 For example, our power sector is in shambles.
04:07 I'm being very honest with you.
04:10 Power theft in a massive fashion.
04:14 And elitist culture, you know, doors out and hands out
04:20 being given to those who don't deserve it.
04:23 Our revenue sector in tatters.
04:29 What we receive annually, we lose at least four times
04:35 that amount through leakages.
04:38 And unless we plug these loopholes, we'll never be able
04:43 to recover from these devastating impacts out of
04:49 actions of our own, nobody else's.
04:52 Let me be very clear.
04:53 And then there's also a problem of inflation and debt trap.
05:02 I call it death trap.
05:05 Now all this put together is a big challenge.
05:09 I have to acknowledge from the core of my heart the support
05:14 we have been given and received from Saudi leadership.
05:19 I think a friend in need is a friend indeed.
05:22 And we will never be able to repay back to them what they've
05:26 done to Pakistan in difficult times.
05:29 My friend, under his watch, DFID has been outstandingly
05:34 supporting Pakistan in education and health.
05:38 But the point at issue is that we have to
05:40 stand on our own feet.
05:43 And I know this is possible difficult, but not impossible.
05:47 And how?
05:48 That is the point at issue.
05:50 We are now going for massive reforms, deep-rooted,
05:55 structural reforms.
05:57 It'll hit me as prime minister.
06:00 Obviously, I have to provide leadership by example,
06:04 ladies and gentlemen.
06:06 Without that, nothing will happen.
06:09 And then, of course, we have to go for austerity,
06:14 meaningful austerity, just not for publicity.
06:19 And three, we have a very young population.
06:25 And this young population, which go into hundreds of
06:31 millions of boys and girls, is a challenge, yet a great
06:36 opportunity.
06:37 So we have to provide them with modern tools and
06:41 technologies, information technology, AI, and other
06:47 vocational training to provide them with opportunities to
06:52 become self-earners, SMEs.
06:57 And then here in Saudi Arabia, they should come here and open
07:00 offices and contribute in nation-building efforts here
07:05 in Pakistan, promote our agriculture through modern
07:09 techniques, and of course, providing the farmer with the
07:13 best seeds and fertilizer, and of course, modern tools.
07:18 My dear friends, ladies and gentlemen, it's a humongous
07:22 task. It's not an easy task.
07:25 We have to go for higher exports.
07:28 For that, we have to have opportunities made available
07:33 to our exporters.
07:34 We are a country.
07:35 We don't have oil.
07:37 We have gas, but it is on the low trend, depleting.
07:42 We have our biggest asset, natural resources, mines and
07:47 minerals, fertile land, and of course, this youth, which is
07:52 the biggest asset for Pakistan.
07:54 And together, I'm not going into details over here, but
07:59 before I came here, for example, in order to have
08:04 deep-rooted structural changes, you have to separate
08:08 black sheep from the white.
08:09 And before I came here, for the first time in the history
08:13 of Pakistan, I, after getting credible input from agencies,
08:19 I made OSDs, those highest-level officers who were
08:24 not functioning, had a great record, and I said, come what
08:30 may, I will not accept any pressure.
08:34 I will move forward with a sense of purpose, with a sense
08:38 of achievement, and make Pakistan find its place in
08:42 the Committee of Nations through hard work and
08:44 untiring efforts.
08:45 Thank you.
08:47 Thank you, Mr. Prime Minister.
08:49 I think you heard on the applause that that was very
08:53 well received.
08:55 I'm moving now to Anna Marks, Global Chair of Deloitte.
08:59 I think what we also have heard during these two days,
09:04 and I know you, Anna, have been in many of the sessions
09:08 too, is that we need more collaboration.
09:14 If we work against each other, it's not productive.
09:19 And you're seeing this in business
09:21 context all the time.
09:23 How can we collaborate better to meet the targets we have
09:27 set, being sustainability, being inclusion?
09:31 So I know you have some thoughts on this.
09:36 And your mic.
09:38 I think I would know, after watching the previous two
09:42 speakers and after dealing with remote working, for
09:44 quite some time during the pandemic.
09:47 Thank you for the question.
09:48 And thank you for the World Economic Forum and the Kingdom
09:52 of Saudi Arabia for convening and hosting this special
09:56 meeting.
09:57 It has been a fantastic couple of days.
10:01 And it has been inspiring to hear the openness, the
10:04 enthusiasm, the acknowledgement, the
10:07 optimism, despite the complexities.
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24:37 Dekhte Rahiye ARY News.
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