Checkered Into Defaulter, Pakistan Soon To Be Declared Bankrupt
: External debt in Pakistan is increasing in an uncontrolled manner. The Second quarter of 2017, discerned 82981 USD million from 75747 USD million in the first quarter of this year. External Debt in Pakistan averaged at 52111.99 USD Million from 2002 until 2017, reaching an all-time high of 82981 USD Million in the second quarter of 2017 and a record low of 33172 USD Million in the third quarter of 2004.Data revelation on the economic condition of Pakistan is bizarre and wacky :
Interest per year : Rs 549,910,058,638
Interest per second : Rs 17,438
Debt per citizen : 34,058
Debt as a % of GDP: 60.58%
The countdown has begun to announce Pakistan as a defaulter. Scarcely 3 months import dollar is left in Pakistan’s economy. General Kamar Bajwa
raised his hands and declared himself faultless and void in this matter. Repeatedly, the same General has threatened India on the border issue in the past. A nation unable to manage foursquare meals for its citizen has always proclaimed itself to be fixed for battles with India, one of the South Asian giants in term of economy, demography, and ammunition. Pakistan will have to comprehend that terrorism, blood-shed, nuclear proliferation will not feed the ravenous stomach of its citizen. Pakistan is in the most fragile episode of an economy.
Dismayed General is inexplicable as to how they are going to tackle the situation. This is the reason, Pakistan has implored the International Monetary Fund (IMF), World Bank and the United States. In the state of such insolvency, Pakistan doesn’t revert to nourish terrorism in its land. Pakistan Army Chief is tirelessly engaged in promoting the terrorist to be a part of Pakistan politics. Pakistan is spending extravagantly on terrorist activities, be it ceasefire on Indo-Pak border or other notorious activities in its neighboring land.
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