ISLAMABAD: Prime Minister (PM) Shebaz Sharif has said tenure of our government will expire on August 14 and Election Commission (EC) will announce the date for next election.

" this is not matter of pride but it is matter of concern. There was a time when we competed neighboring countries. Today we are borrowing money from every where to save Pakistan from going default'', PM said this while addressing Pakistan Education Endowment Fund (PEEF) and reforms in National Curriculum ceremony here Wednesday.

He went on to say this journey was started in 2008 from Punjab. Punjab Endowment Education Fund was established under Nawaz Sharif

The development and prosperity of country is possible through modern education, he stressed. Whichever government comes in future should raise education fund, he added.

Today there is meeting of IMF Executive Board. Pray for it that our program is approved in IMF meeting.

Educational scholarships were provided to 450000 boys and girls. Today thousands have become doctors and engineers among them.

It has been my endeavor to raise endowment fund from Rs 2 billion to Rs 5 billions. It is my desire Rs 140 billion is earmarked in next 10 years, he underlined.

When I was outside the country I talked to Dr Amjid Saqib about education, he added.

Pakistan land is fertile, he said adding hard time for Pakistan will soon be over and we will come to stability.

We are stunned if we go to Gulf desert, he said adding youths can bring revolution in Pakistan too.

Promoting education is not politics but it is worship, he held.

China helped Pakistan in every hard time, he said adding We are grateful to Chinese leadership.

This is matter of grave concern for government, politicians, generals, judges and people from all walks of life and for me that what is reason that neighbouring countries have gone far ahead of us.

The Prime Minister was appreciative of the financial assistance extended by China, Saudi Arabia and the UAE during the difficult times. He however said we have to do introspection to put the country in the right direction.

I said yesterday that we were ahead of them in textile sector till the decade of 80 and 90. The value of our rupee was higher than their currency. There is no competition today. This is such troublesome that I can not sleep the whole night.

No better example can be found than Germany and Japan which were destroyed by powerful bombs but today these countries stand among the developed countries of the world.

He observed that economic freedom is real freedom. Pakistan per capita income was more than China in the decade of 70s and our GDP was more than China. Today where stands China and where stand we.

China is our best friend and it helped us in hard time. I thank to them. China had felt Pkistan is in danger. They held our hand like a friend. China returned us 5 billion dollars in the last three months. Saudi Arbia deposited 2 billion dollars. One billion dollar will come from UAE within a day or two.

We are grateful to them. But it is not way of living life. We will have to change it. The way of education is the way to change it .