The survey stated that the perceptions of corruption in Pakistan have reached a record high, living standards have plummeted and left millions of people struggling to meet their basic needs.
The G7 communique, which has some of its strongest statements on China, criticised Beijing for engaging in "economic coercion" and promised to reduce its exposure to the country's economy in all areas, from supply chains to chips and minerals.
The consequences of a default for Pakistan's economy would be dire with hyperinflation, devaluation of the Pakistani rupee, a near-halt in imports, the closure of more factories, an increase in unemployment and political and social unrest.
Commenting on the withdrawal AAP lawmaker Sanjeev Arora said, "Withdrawal of these banknotes is a disruption of the economy. Withdrawal of currency notes at regular intervals doesn't give a positive outlook of the economy in the eyes of investors and other countries."
The CPEC passes through the Khunjerb Pass in the Gilgit Baltistan region where activity has increased as the Chinese seek more and safer access across the unstable region where their employees and enterprises have been assaulted by terrorists.
China is angry in particular as it recently helped Pakistan out by rolling out loans and extending much-needed support. Diplomatic sources say Chinese authorities are "much annoyed" by the mismanagement in Pakistan.
Pakistan is already struggling to find stability in politics and now, the cash-strapped country is seeing a slow pace of inflows as only USD 8.1 billion receipts in 10 months of this fiscal year stood at just 35.5 per cent of the USD 22.8 billion full-year budget target
In an interview with ANI, Terzi said, "I believe that there is a great opportunity and it is a great contribution that India could even ensure that will happen (G7). Because there is first of all the present crisis, and there are many angles from which India has responsibilities, as a major
The Global South states were described as "regional," "willing," and "like-minded" partners with whom the G7 will work to realise a free and open Indo-Pacific, strengthen the international order based on the rule of law, and oppose economic coercion.
Giulio Terzi, the former Foreign Minister of Italy recently said that India was being looked upon as one of most reliable partners and allies across the world.
United States President Joe Biden, on Saturday, said that all democratic nations can deliver opportunities and prosperity to strengthen infrastructure in low-middle-income countries.
According to him, his first reason was that: "The Rs 2000 notes are not being used much as a medium of exchange. In fact, they currently constitute only 10.8 per cent of Currency In Circulation (CiC)."