IS PAKISTAN BANKRUPT ?
“Pakistan Has Gone Bankrupt,
Claims Former Revenue Chief Of Pakistan Shabbar Zaidi”
Pakistan is already bankrupt. It is joining the list of countries bankrupted by bad governance, greed and corruption viz Belarus, Jamaica, Argentina, Belize, Venezuela, Greece, and Ukraine.
Imran Khan the Prime Minister of Pakistan has been told by the army to go out and beg for funds. He is doing his best, from IMF, Saudis, UAE, China.
No head of a country is willing to speak to Imran Khan the Prime Minister of Pakistan.. They are scared he will ask for more loans, (which will not be returned).
It is no secret.
The total debt and liabilities of Pakistan have crossed 50.5 trillion Pakistani rupees (PKR), of which the addition of PKR 20.7 trillion is under the current government alone, official figures released on Wednesday informed.[1]
Pakistan had decided even in its early days to be a ‘Garrison State’ as professor Ishtiaq Ahmed calls it.
Pakistani army has dominated Pakistan since the death of its first Governor General Mohammad Ali Jhinna in 1948. A semblance of a civilian ruled government existed for only a short while, till in 1958, Iskander Mirza handed over power to General Ayub Khan.
Gen Ayub Khan taking over as head of state put the official seal on military rule in 1958. This was welcomed by Pakistanis. Since then Pakistani army has openly run Pakistan, for its own benefit.
Pakistani army created the bogey of Indian domination in 1947, and continues to play on the fears of Pakistani public.
It was, and is, fully supported in this by politicians and the people of Pakistan, who see Pakistani army as a Jihadi force, meant to protect the Mohammedan Pakistani state, and destroy its permanent enemy ie Bharat, ruled by Kafirs.
Even the middle class in Pakistan “……….on account of many decades of a forced Islamisation discourse, backed up by Saudi funding and growing jihadism, one might argue that Pakistan’s middle class is “Islamist”, very broadly defined, and also socially conservative and intolerant………..”
Pakistan’s mindset of support to the formation and deployment of Jihadi outfits was encouraged by USA in the eighties and continues till date.
USA , UK, EU, etc are fully aware of these issues, however Pakistani economy is kept on drips as in ICU from time to time. They perceive a geopolitical, geo strategic advantage in supporting the military Junta in Pakistan. They fear that a failed Islamic state of Pakistan will become a more dangerous zone than it already is.
The situation has been further aggravated by the occupation of Afghanistan by the Taliban, supported by Pakistani army.
China has also entered the game, its sole purpose is to impede economic development of India, by ensuring constant threat on the western borders, which compels India to spend large amounts on defence and procurement of arms, leaving less for investment and development.
Pakistan will continue to be supported by USA, UK, EU and China.
During the last seven decades, Pakistani army, especially its generals, politicians and the rich, have transferred wealth abroad. No former army chief lives in Pakistan. All its politicians have stashed wealth abroad. Any former Prime Minister who returns is Jailed for years, Bhutto, Benazir Bhutto, Nawaz Sharif, or Zardari.
Imran’s turn is expected to come shortly.
BANKRUPT PAKISTAN CANVASSING FOR TALIBAN
Pakistani economy is in doldrums. However Pakistan is busy trying to raise funds for Afghan Taliban.😀
“Pakistan hosts OIC’s Council of Foreign Ministers meeting today
https://www.geo.tv/latest/388360-pakistan-hosts-oics-council-of-foreign-ministers-meeting-today
These days Imran khan the Prime Minister of Pakistan is busy organising meetings with various countries including the OIC soliciting funds for Afghanistan and Taliban. The dire need of Afghan people under the cruel yoke of terrorist Taliban is being used to blackmail the world emotionally.
IMF BAIL OUT FOR PAKISTAN?
He would be better advised to take care of the financial needs of Pakistan first.
IMF is going ahead with bridge loan of one billion US $ to tide over the crisis, but has placed certain prior conditions to be fulfilled. Pakistan has presented a mini budget as per the IMF directives.
The opposition on Pakistan is flaying Imran Khan government for ‘selling out’ to IMF.
Mindless Profligacy and Splurge on Military
On one hand Pakistan is living on doles from Saudis and IMF, literally on a day to day basis.
Then why indulge in the ultra luxury of purchase of 36 J10 C fighters from China at the cost of nearly two billion?
Will Pakistan Implode?
Not immediately.
Prices of essential commodities are rising on a daily basis. Value of Pakistani rupee is down to 176 pkr to a dollar.
Pakistan will be bailed out, placed in ICU with drips and tubes to keep its economy just moving. No one wants a Jihadi dispensation in Pakistan.
But will Pakistan ever learn to live within its means?
When will Pakistan stop blackmail of its neighbours and the world with dire threats of implosion and spread of Jihadis from its soil?
Can Pakistan reverse the insidious process of extremism embedded in its psyche? For how long can Talibanisation of Pakistan be avoided?
Right now India, Russia, USA, EU, China, Iran, Saudi Arabia, UAE, and other neighbours in AF PAK region need to be careful and cautious.
ONE POSITIVE NEWS
One cheerful news is that Bangla Desh is forging ahead economically. It has overtaken Indian GDP last year and is 1968 US $ PP.
Expected to breach 2000 US $ in 2022. 👏👏👏
[1] Read more at:
https://economictimes.indiatimes.com/news/international/business/in-a-first-pakistans-debt-liabilities-cross-pkr-50-trillion/articleshow/87917433.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
[2] On Thursday, the National Assembly (NA) saw another session marred by ruckus and chaos as Finance Minister Shaukat Tarin presented the Finance