The International Monetary Fund (IMF) has revised Pakistan's foreign loan requirement to USD 25 billion for this fiscal year, reducing it by USD 3.4 billion, The Express Tribune newspaper reported, adding that it also lowered Pakistan's economic growth projection to just 2 per cent.
AidData, a research institute at William and Mary University in the US, said that Pakistan's cumulative public debt exposure to China from 2000 to 2021 was USD 67.2 billion. The number surpassed the USD 46 billion recorded for the same period in the World Bank's International Debt Statistics
The Pakistan Tehreek-e-Insaf (PTI) has issued a white paper blaming the Pakistan Democratic Movement (PDM) coalition government for the economic catastrophe.
Activist Qambar Malik Baloch said thousands of people have become victims of the "kill and dump policy" of the Pakistani state for expressing dissent, while the whereabouts of many others remain unknown.
Many Pakistanis, especially the younger generation, are attempting to emigrate abroad in pursuit of employment and scholarship possibilities amid a severe economic downturn and hyperinflation.
According to Bagchi, India was not extended an invitation to this year's Belt and Road Forum by China. "I don't think we received an invitation this year," he said.
The so-called 'high powered' collaboration between Beijing and Islamabad under the China-Pakistan Economic Corridor: a 3000 km Chinese infrastructure network project undertaken in Pakistan now appears to take a noticeable shift, facing significant challenges, a report by the Daily Asian Age
The China-Pakistan Economic Corridor (CPEC) has faced significant challenges, as indicated by the difficulties both parties have encountered in strengthening their economic ties.
The country director for the World Bank in Pakistan, Najy Banhassine said in an overview of reforms for a brighter future: Time to Decide, “Policy decisions are heavily influenced by strong vested interests, including those of military, political and business leaders.”
A Secret Pakistani arms sales to the US helped facilitate a controversial bailout from the International Monetary Fund (IMF) earlier this year, as per two sources aware of the arrangement, with confirmation from internal Pakistani and American government documents, The Intercept reported.