China is making huge investments in underdeveloped or poor countries ultimately setting them up for defaulting on China's loans and making compromises to China
According to Pakistan's vernacular media, people in many areas in Gilgit City are forced to live in darkness for the past one week due to no electricity.
Pakistan government officials and the army have been involved in suppressing public protests, blaming each other and looting the land's resources when the country's general suffers from an economic and food crisis.
Pakistan faced an economic crisis which is a result of its own faulty policies long-standing debts, dipping forex reserves and support to extremism and terrorism.
Pakistan now faces nationwide electricity cuts, a severe shortage of gas and record-high inflation. This makes many necessary food items away from the general public and the political class of the country is still involved in a political war, reported DW news.
Fitch Solutions anticipated that the current cycle of rupee devaluation has not yet ended and that rupee will continue to lose its value against the US dollar, considering the high demand for foreign currency to pay for imports and repay colossal foreign debt.
The coming financial year may not bring hope for Pakistan as most economic sectors are on the decline. The country's imports are hit because of extremely low forex reserves. Pakistan has also agreed to meet all conditions of the International Monetary Fund (IMF) despite having a history of n
Pakistan's Minister for Defence Khawaja Muhammad Asif on Sunday accused Pakistan Tehreek-e-Insaf (PTI) supremo Imran Khan of taking Pakistan into bloodshed and chaos, adding that the former prime minister should stop calling the army for help and do politics alone as no one will help him now
The economic turmoil in Pakistan has reached alarmingly close to that of Sri Lanka, which had faced a similar situation prior to its default. Pakistan is now standing at the same juncture. Merely a few days or weeks at the most are left for the imminent disaster if some kind of a miracle doe