🔴Will Pakistan be Bankrupt by 2020
Channel: GeoStar TV
Date: 2020-04-05

Will Pakistan be bankrupt by 2020? 
Pakistan is a growing economy and is the 25 largest economy in the world. Even though India and Pakistan became independent a few days apart from one another, Pakistan could never compete with India on the basis of the economy.
 Pakistan has been and is facing problems within its territory. Internal conflicts, attacks from harbored terrorism, the Army is trying to topple the elected Government ( Pakistan was under military rule during Pervez Musharraf's tenure). These are some of the problems halting Pakistan's growth. Having said that, Pakistan continues to strive.
Although Pakistan's debt is relatively small, which is USD 380 per person.
Pakistan has allocated 45 percent of its GDP for loan repayment. An internal crisis can lead to Pakistan using up this allocation, leading to a default.
Agriculture is showing negative growth, and exports have taken a massive hit.

The problem is that 50 billion USD are due for repayment .
This loan repayment situation remains until the end of the coming year. So Pakistan's economy, if withstands this pressure, it is all good, but if it cannot, then a situation worse than the bankruptcy will loom large.
The economic issues will attract more pressures on Pakistans nuclear program.
Pakistan needs a Houdini act to get out of this problem. It will need to trade and get aid from China. I think they will pull it off...unless China looks away.
The problem here is not about the debt. Pakistan is totally dependent on foreign aid, especially from the US, to pay interest on its foreign debt. While India actually does commerce to pay the debt.
Given the dwindling US aid and dwindling foreign exchange from Arab countries as Arabs themselves are in economic turmoil, Pakistan is in a dire state. Pakistan has been begging from Paul to pay Peter's debt till now. Now Paul finds that Pakistan deceived him and made a big fat fool of him. They hosted Osama and continue to host the Haqqanis.
So how will Pakistan pay to Peter now, even though the amount is small?
As to what will happen?
What happens when you don't pay your loan or your credit card bill?
You start getting calls/house visits from the recovery guys, and finally, the bank seizes whatever you have to recover their money.
In this case, China is the bank.
If you think that this is a wrong assessment, please check with Sri Lanka, Kenya, Zimbabwe,Angola,Venezuela,
Next in line is Pakistan.

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