To the time Pakistan is bankrupt on its external account. Pakistan State Bank got only 10 billion USD out of which 8.5 billion USD is safe deposits or aid from its friend countries. If we exclude money for oil payments or debt payments from Pakistan present reserves then Pakistan has nothing in its account , consequently it has to file for bankruptcy like Greece. Pakistan is not going to be bankrupt due to importance its nuclear power and political position on the globe. It was not a case two years back when Pakistan had its own foreign reserve and its economy was moving forward , the curse of Tabdaili has made it bankrupt. Pakistan is running on aid and debt and we can think that its creditors are actually taking control of its foreign policy or sovereignty so virtually Pakistan is being auctioned in three parties.
The three parties wish to take control of Pakistan are Saudi Allies, China and US Allies. While China and Saudia are directly indebting Pakistan US is playing through IMF. Currently Pakistan surviving on China and Saudi aid has maintained its distance from old ally US. With the growing economic influence of China , US starts feeling insecure and US definitely wishes Pakistan on his side to block China’s way and stop China influence on central Asia and Afghanistan. Pakistan goes independent and does not side by US result is IMF goes tough on it. Pakistan did not sided by Saudi in its war with Qatar and Yemen result was Saudia asked to payback its aid of 1.5 Billion USD to previous govt. The war of Oil prices between Saudia and US has again realized US that Saudi rebellion is standing on its firm relation with nuclear Pakistan. While Russia is also making its way to Saudia but in the wake of oil price war only reliable and useful friend of Saudia is Pakistan. Now need of the time is to take Pakistan out of Saudi influence whose economy is currently relying on Saudi aid and free oil. US has realized what he has lost after losing Pakistan , now IMF going soften and making way for Pakistan to take it out from Saudi China influence.
Surviving on global politics Pakistan foreign policy and sovereignty has been auctioned by the rulers. We are totally dependent on a creditor who will run our external account. It is our good fortune that we have not one but three options. The question remains when Pakistan will be able to come out from its dependence on creditor or this nation is auctioned forever!!!!
