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Pak economic woes don’t seem to end.
On June 12, the PTI govt tabled $44.17 billion budget for their ailing economy. The GDP growth of Pak has already crashed into negative this FY year. However, only one thing seems to grow every budget : #PakistanArmy!
A thread. 1/n
On June 12, the PTI govt tabled $44.17 billion budget for their ailing economy. The GDP growth of Pak has already crashed into negative this FY year. However, only one thing seems to grow every budget : #PakistanArmy!
A thread. 1/n
External Loans? High expenditure and low revenue is a recipe for disaster, but outlines Pakistan’s reality. They take loans for two reasons mainly : debt servicing & ‘security threats'. They hardly have anything left for common public! 2/n
Further, Pakistan’s gross external debt (as a percentage of total projected exports) is expected to rise from 396.1 per cent to 415.4pc by FY2022. Mind you, situation was worse even before #ChineseVirus, but now much aggravated because of it.
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#PakistanArmy drives the policy of #Pakistan, even its economics. So, the Pak’s defence spending (% of GDP) is much higher as compared to world average, while, on health remains much lower than world average. While eating a large share of budget, they have comfortable lives. 4/n
Then comes issue of #CPEC, where Chinese investments are valued at over $60 billion. So far so good, but a closer look at the actual project rings the alarms of Chinese 'debt trap' policies which Pakis are willfully ignoring. 5/n
Alice Wells, the US point person in SAsia expressed concerns over the #CPEC…there is no transparency as it is the case with China's antics, then, unfair profit go to Chinese firms. Recently, Chinese power companies scammed Pakistan of $680 million. 6/n https://www.wionews.com/south-asia/after-us-attack-pakistan-china-defend-cpec-project-300447
But, hate for India drives Pakistan to self destructing policies, despite Gwadar port being given away for a mere 9% of revenues, Pak will never dare oppose China, stunning silence on #Uighurs while claiming to be champions of Muslim world proves it! 7/n https://www.dawn.com/news/1372695
But now, knowing that #Pakistan’s #economy is mainly relying on foreign loans, the economic managers are hope to appease the #IMF and other international lenders by not mentioning the #CPEC at all! 
8/n https://economictimes.indiatimes.com/news/international/world-news/pakistans-2020-21-budget-gives-cpec-a-miss/articleshow/76393276.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
8/n https://economictimes.indiatimes.com/news/international/world-news/pakistans-2020-21-budget-gives-cpec-a-miss/articleshow/76393276.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
There lies the irony of country called #Pakistan which breeds #terrorists, claims to have 'defeated' #Soviet & #US in #Afghanistan, hid #OsamaBinLaden but doesn't shy from standing in line with poorest of poor countries for #DebtRelief from #G20 
! 9/n https://www.dawn.com/news/1562611
! 9/n https://www.dawn.com/news/1562611
And finally, they are being led by dummy PM @ImranKhanPTI who has no vision, is a puppet of the #PakistanArmy and a scapegoat waiting to sacrificed for greed of Pak Army. But dont' worry, they've already shortlisted the next puppet : @SAfridiOfficial. History repeats itself! n/n
