The government has been grappling with an unsustainably high fiscal deficit, averaging 7.3 per cent of economic output over the past five years, leading to a staggering national debt of PKR 78.9 trillion.
China's ambitious CPEC project launched in 2013 was flawed from the beginning when it was assumed that it would be able to generate jobs and growth in Pakistan.
Developing countries are moving toward China's debt trap and Daily Times, a Pakistani newspaper, is suggesting Pakistan that necessary measures may be taken to avoid Islamabad going Colombo's way