Last month, IMF delegation discussed Pakistan finance minister Asad Umar and his members about bailout packaches.
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American specialist Dennis Kux of South Asia affairs wrote in his book United States and Pakistan 1947-2000 disenchanted allies. The founder Pakistan Quaid-e-Azam Muhammad Al; i Jinnah invited in 1948 to meet US Ambassador Paul H. Alling, a specialist in Karachi. Founder Pakistan has given a message to the US in talks with US Ambassador that Pakistan wants good relations with the United States Pakistan is an Islamic state, he will prefer the relationship with the US in comparison to the communist block. Quaid-e-Azam informed the US Ambassador about the economic and security issues facing Pakistan. To deal with the economic issues of Pakistan desperate American aid.The United States had given the first package of financial assistance to Pakistan in Quaid’s life.
Since Pakistan, Pakistan has been taking foreign aid packages. Pakistan was the ally of America during the Cold War; America started giving military and economic assistance to Pakistan. According to the statistical data, the US provided $ 3.62 billion to Pakistan in 1962 from now on; Pakistan has been carrying out economic and special assistance packages from the United States. Recently, the President Trump accused Pakistan not to cooperate in the end of terrorism Pakistan’s economic aid is stopped.
Apart from the US, Pakistan World Bank has been taking financial assistance from the IMF, Asian Development Bank and many other financial institutions. The Economic Ministry of Pakistan has complete data about the names of these countries and their debt and financial assistance. Those are giving loans or assistance to Pakistan. According to the latest figures, over $ 95 billion foreign debt is obligatory on Pakistan. Chairman of the NAB, Justice (r) Javed Iqbal recently said in an address that if asked if he has gone $ 95 billion. So what’s wrong with that some foreign diplomats make a surprise what has Pakistan benefited from Pakistan on the so-called foreign debt? These loans do not see any solid impact on Pakistan’s economy.
Prime Minister Imran Khan and his finance minister Asad Umar told the Pakistanis after taking over the government the country’s economic situation is very bad, the government also gave a small budget to deal with this situation. Talking to IMF is taking a new package. The electricity price has been raised again. The prime minister visited Saudi Arabia, the United Arab Emirates and China to get rid of fraudulent economic situation. As a result of these visits, Saudi Arabia decided to provide $ 3 billion to Pakistan, which has begun to meet Pakistan. The United Arab Emirates has announced to provide $ 3 billion to Pakistan last day. After the Prime Minister’s visit to China, the news is going on that China is also giving a big deal of financial assistance to Pakistan.
In the last 70 years, Pakistan, America, Western countries, Japan, China, IMF, World Bank Asian Development Bank and dozens of other countries and organizations are taking loans and relief. Saudi Arabia, United Arab Emirates and China have also been giving bailout packages to bring Pakistan out of economic troubles in the past. In the Sharif government, when Saudi King of Saudi Arabia King Salman bin Abdulaziz visited Pakistan so he gave a gift of $ 150 billion to Pakistan. External Affairs Minister Shah Mehmood Qureshi said on Saturday evening in response to the reservations of former chairman Senate Raza Rabbani there are no conditions related to the Saudi Arabia and the United Arab Emirates, which are giving financial assistance to Pakistan. Pakistan will not become a party in Yemen’s war in any case. Pakistan, Yemen is playing its role in the end of the war. Saudi Arabia, Emirates and China have been working as a trusted friend in the time of trial. Once again, their countries have given support to Pakistan in difficult times. The Prime Minister thanked Emirates for its tweet on Friday by getting the United Arab Emirates $ 3 billion. Saudi Arabia and UAE leadership will visit Pakistan at the beginning of next year.
Saudi Arabia and UAE are ready to provide oil based on Pakistan’s obligation. This difficult phase will pass but the basic question will be in place how long will Pakistan go on demanding and bailout packages? This country of 22 million populations, which is frequently called the power that Pakistan has provided with natural resources and workforce, will ever ask for it. If he has unaware resources and has such a great workforce, why can not he stand on his feet? Prime Minister Imran Khan has promised the nation that Pakistan will be cleared from corruption and it will be made an economic force. God should fulfill His promise. Foreign loans and relief packages have not left Pakistan anywhere.
