Shahbaz's statement comes days after President Trump alleged that Pakistan received billions of dollars in aid but did not act against "terrorist havens" in the country.
Trump lashed out at Pakistan, accusing the country of playing a double game as it accepted American aid but gave safe haven to insurgents who kill Afghan and NATO troops.
"The exaggerated comments being made in the national and international discourse regarding the US aid to Pakistan are tantamount to rubbing salt into the wounds of Pakistanis suffering terrorism, poverty and backwardness," said Shahbaz, the younger brother of ousted prime minister Nawaz Sharif.
"That's the only way the nation can avert such jibes," he was quoted as saying by the paper.
Shahbaz said that it's time for Pakistan to politely and gratefully close the chapter on the US assistance so that the bilateral relationship can be freed from the shadow of repeated contemptuous taunts.
"Pakistani people craved the opportunity to be treated fairly and honorably and remain committed to contributing to the world peace and prosperity," said Shahbaz, a senior leader of the ruling Pakistan Muslim League-Nawaz.
Meanwhile, several religious groups took out protest rallies and held demonstrations across Pakistan against Trump's threatening statement. In Lahore, demonstrations were held outside the US consulate.
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