Pakistan is considered to have a bad record behind not getting the help of friendly countries, in fact the friendly countries are not sure whether Pakistan will be able to control its economy or not.
The situation in Pakistan is getting worse.
Pakistan, which is becoming poor, is ready to accept all conditions for the help of the International Monetary Fund, the IMF team is also on a tour of Pakistan, but in the meantime, one question that keeps arising is that after all, friends like China and the United Arab Emirates Why haven’t countries come forward to help Pakistan till now?
Pakistan’s Home Minister Rana Sanaullah also gave a statement regarding this, due to which this discussion became more intense. Rana Sanaullah said that friendly countries are not helping Pakistan because of IMF.
China gave a big blow
Amidst the ever-worsening situation, Pakistan had hoped that Saudi Arabia and China would help Pakistan to control the situation by giving $ 13 billion, but China has given a big blow to Pakistan by asking to return the old instalment. Apart from this, China has asked Pakistan to provide security to the engineers engaged in the Economic Corridor of Pakistan. Since the situation in Pakistan is getting worse, like the friendly countries, the IMF is also in a quandary whether the situation in Pakistan will improve or not.
Saudi Arabia is still ‘considering’
Recently, Pak Army Chief Asim Munir had visited Saudi Arabia. During this tour, Pakistan had got the assurance of help from Saudi Arabia, but the help could not be received. However, it was announced from Saudi Arabia that three billion dollars of Saudi Arabia deposited in Pakistan will not be withdrawn yet and it will be considered to increase this amount to $5 billion. Apart from this, there was talk of increasing the investment projects from 1 billion to 10 billion dollars.
That’s why friendly countries are not helping
Pakistan is considered to have a bad record behind not getting the help of friendly countries, in fact the friendly countries are not sure whether Pakistan will be able to control its economy or not. Pakistan’s record in terms of debt repayment is already bad. BBC’s
According to a report, Pakistan has 23rd deal with IMF, but till now Pakistan has not been able to repay the loan even twice. In the same report, according to Pakistan’s economic expert Nadeem ul, the reason for not getting concessions to Pakistan is its poor record. Actually Pakistan has not been able to reduce its current deficit till now, that is why Pakistan has to first focus on improving the economy.