"Pakistan Sinking Into Financial Debt Trap"

29
Jan

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Reading Time: 3 minutes 50 seconds
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by Ankush Rana
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Pakistan Sinking Into Financial Debt Trap | Twitter Trends With #PakBecomingChineseColony | Here’s Why

Pakistan's foreign debt and liabilities grew from $95 billion in 2018 to around $113 billion by the end of the last financial year, an alarming increase of $17.8 billion to overall external debts within only two years.

The Institute of Policy Reforms (IPR), a research group run by Pakistan's senior official in Pakistan's Tehreek-e-Insaf (PTI), said, "Pakistan has fallen into a debt trap due to the leadership's failure to implement strong economic reforms and weak financial stability, that has also triggered threat to national security."

In the IPR’sResearch Report issued by the IPR entitled 'Pakistan's debt and debt service is a cause for concern', the particulars of the collapsing economy and growing debts and liabilities have been addressed, in more of it, the government has been denounced for poor financial prudence.

"We're in a financial pit that's all our own. This is a danger to our national security. The government borrowed to offset the maturing debt, which now appears to be a problem for all political groups, businesses and experts," mentioned in the IPR’s Research Report on Pakistan’s Economy.

The Pakistan’s debt crisis isn’t all by China, infact Chinese government doesn’t seem to be a predator eagle in this case but a vulture. Where the latter is a scavenger that feeds on carcasses of the dead. So yes, Pakistan’s economy is going dead, advancing the Chinese grip to its neck and squeezing the liquidity off its market.

The micro-blogging site, Twitter is trending with the hashtag # PakBecomingChineseColony symbolizes the people’s awareness to the entire crisis of Pakistan. Here we present you some of the notable tweets and messages from the social media, including some carricatures that plays the defination on their own, just observe carefully.

Major Gaurav  Arya (Retd) mentioned that millions of Chinese workers have settled in Pakistan and other financial debts implemented by China to Pakistan, marks half of Pakistan as mortgage to Chine, Major Gaurav wrote, “Half of Pakistan is mortgaged to China. Millions of Chinese workers have settled in Pakistan, depriving Pakistanis of jobs in the now-stalled CPEC. Loans are piling up. The economy is in a tailspin. And Xi Jinping has stopped taking Imran’s calls #PakBecomingChineseColony.”

 

 

“General QamarBajwa had to rush to China over allegations made by the Imran Khan government ministers about the China Pakistan Economic Corridor (CPEC) projects. #PakBecomingChineseColony,” wrote a Twitter user named BhaavnaArora.

 

 

 

 

 

 

 

 

 

 

Also check our post on World’s Largest Vaccination Drive for COVID-19 and for more on Covid-19, checkout our medical blog section.

For more such trending news, do check our latest news and updates section and blogs on Checkbrand.online. You are just a few clicks away from being updated about What’s Trending in real time.

 

January 29, 2021
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