The nation is once again seeking its umpteenth bail-out package from the IMF. It is under scrutiny of the FATF for supporting terrorist networks. It may be placed on the black-list or continue in the grey list.
The CPEC, which is being touted as a major boon to Pakistan, is anything but that. The debts rising from it would drown the Pakistani economy and make it subservient to China.
The Rupee is already in a freefall mode, touching nearly 150 to a dollar and its stock markets are crashing by the day. Increased attacks by the Baluch Liberation Army (BLA) or its offshoots in Baluchistan have the Chinese worried. Their investments in the CPEC and Gwadar port are threatened.
They are seeking to directly negotiate with them, ignoring the Pakistan army. Internally, its military has pushed the country away from the development path. Read More