Prime Minister Shehbaz Sharif on Saturday said that Pakistan was “flying high” off the back of its victory in a military conflict against India and economic progress made since he took office as prime minister.
The comments, made during an address at the Quetta Command and Staff College, followed a recent military confrontation between India and Pakistan over New Delhi’s allegations against Islamabad, without evidence, about a deadly attack in occupied Kashmir’s Pahalgam.
New Delhi, based on the allegations, launched a series of air strikes in Pakistan in early May, killing civilians. Islamabad retaliated by downing five Indian jets. It took American intervention on May 10 for both sides to finally reach a ceasefire.
India, however, is still weaponising the Indus Waters Treaty (IWT) — a water distribution deal between the two countries — saying that it will no longer abide by the treaty, placing the agreement in “abeyance”.
In his address today, PM Shehbaz congratulated the military personnel in attendance on their counter-operations against India. He said these operations had left New Delhi “completely baffled and shell-shocked”.
“We won a war against an enemy, which in the eyes of our detractors was unthinkable, but we have converted this unthinkable into a reality, and I think that is our finest hour in history,” he stated. “Pakistan at this point in time is flying high.”
PM Shehbaz noted that the conflict with India was not only victorious, but illustrated that the threats Pakistan faces are no longer restricted to conventional battlefields.
“They [threats] are multifaceted, ranging from kinetic warfare to cyber attacks, economic coercion, disinformation campaigns and hybrid threats that challenge both our borders and ideological frontiers,” he elaborated.
“The recent Indian aggression … was not only countered successfully, but we turned the tables on those who tried to establish a new normal,” he added. “Indian leaders had no option but to concoct a patently false explanation for their losses. Operation Bunyanum Marsoos destroyed the enemy’s defences and shattered the myth of their military might.”
The PM highlighted that Pakistan “established a new norm” in its relations with India, warning that the country will never let its neighbour “behave in an arrogant and haughty manner”. He also reiterated that Pakistan would not allow India to continue weaponising the IWT, calling it a “red line”.
“We need to convert this moment into something this nation has been longing for — that Pakistan’s progress … would not only be witnessed [and] enjoyed by [the people], but that the world at large would respect Pakistan’s hard work,” he added.
‘Sacrifice, blood and sweat’
Noting Pakistan’s victory on the battlefield, the prime minister said that the country “faces major challenges” on the economic front.
Highlighting economic difficulties during his tenure in 2022, Shehbaz said, “International banks were refusing our letters of credit for vital imports like energy … linked to Pakistan’s wellbeing”, and the country faced the threat of international lending agencies walking away.
“As a result of that meeting in Paris in July 2023, we were able to sign a standby agreement with the IMF, which averted an impending economic meltdown,” the PM said.
He added that upon assuming office in 2024, his administration “wasted no time” implementing major reforms and making “cast-iron guarantees to lending agencies”.
“We would not shy away from undertaking difficult, tough, but very relevant, deep-rooted changes in our system,” he said. “We undertook those very difficult decisions and we were able to calm those fears of our lending partners. Today, we are witnessing the fruits of those sacrifices made by the common man in Pakistan.”
According to the PM, inflation plummeted from 38 per cent to 0.3pc, while interest rates were halved from 22.5pc in 2022 to 11pc.
“Our rupee stands stable [and] forex reserves have crossed over a billion dollars,” he said.
“These achievements, significant as they are, represent only the beginning of a very arduous, difficult, thorny journey towards progress and prosperity. On the way, we will meet huge challenges like mountains, rivers — we will have to surmount them [and] cross those rivers through unwavering commitment to our nation and our people, and that will require sacrifices, sweat and blood,” he emphasised.
