Opinion: Pakistan’s deepening crisis after contested elections

By Agencies

Pakistan’s dire economic plight has compelled it to seek assistance not only from the International Monetary Fund (IMF) but also from China, despite the inherent risks and strings attached. The desperation for a bailout from China underscores the depths of Pakistan’s economic woes and its reliance on external actors to prop up its failing economy. However, this reliance on China comes with its own set of concerns and criticisms. The China-Pakistan Economic Corridor (CPEC), hailed by some as a game-changer, has been marred by allegations of lopsided deals favoring China and exacerbating Pakistan’s debt burden. Moreover, China’s opaque lending practices and the lack of transparency surrounding CPEC projects have raised suspicions about ulterior motives and the potential erosion of Pakistan’s sovereignty. As Pakistan turns to China in its hour of need, it risks becoming further entangled in a web of debt dependency and geopolitical maneuvering, compromising its long-term economic stability and autonomy.

Opinion: Pakistan’s deepening crisis after contested elections

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