Pakistan is under the formal occupation of the IMF and China,
they have lost the territorial and economic sovereignty at least, for now, the
price of petroleum product, electricity and even the food product is being
managed by IMF, and the government have no role instead serving the officials
of IMF and Chinese authority.
Chinese incursion by means of a high-interest loan, helped
Pakistan to go under severe economic crisis, China has maintained unprecedented
hegemony in their economy due to the absence of any other global player, they are
the only investor in the terror-affected nation, and Chinese investment ranges
from garbage collection to aviation.
Chinese has taken great advantage in Pakistan due to absence
of another investor, and they have established the unilateralism in Pakistan
economy. In turn, whatever the wrong happening there China is solely
responsible. Chinese intention was clear, they wanted a route to the Arabian
sea for an alternative to the sea route through Malacca strait, they have been
constructing a road in the middle of Pakistani territory which is bifurcating
the country into two-part, they had promised for the employment and
establishing the industry along the route, but it is now not viable route at
all. China had constructed this route to use only in case of maritime blockade
during the war to transit the petroleum product for their huge population.
Chinese road and belt CPEC (an ambitious project of Pakistan
military) is violating the territorial integrity of Pakistan, they are
unilaterally employing hundreds of thousand Chinese labor, they have their own
ambition to create the route but it is being paid by Pakistan through very high
interest rate loan. CPEC is great loot and embezzlement and has become a nightmare for the Pakistani authority.
Pakistan administration is in the hand of its military, they
consider china as a great protector, Chinese regime defends Pak military
wrong-doing in every international forum as its daily business, they even
never shied away from defending the Masood Azhar, a Pakistani terrorist in the
United Nations. Pakistan has deployed
thousands of military personnel to provide security for Chinese labor. Pakistan's
army has played a very crucial role in the deteriorating its economy.
Pakistan is now under severe economic crisis, they have shout
for the help from their friendly country, UAE, Saudi Arabia and China have come
up with the plan for a bailout, but their money was not enough to bring the
forex back to the position, it was even not sufficient for the import of the
goods and services for the country. They went to IMF for a bailout package and
agreed on the terms and conditions.
IMF has put serious and very severe condition to disburse the
package, they have taken over the economy, they are deciding the inflation and
deflation of the commodities price, they are controlling monetary and fiscal
system, the prime minister of Pakistan is currently reporting to the IMF and not to
the people of Pakistan.
