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Pakistani Now Showing Eyes To China

                  

Pakistan Economy is facing it's worst condition since Independence of Pakistan. America have stopped funding Pakistan because of it's silent supports to terrorism. International Monetary Fund(IMF) have also imposed many sanctions on Pakistan. Now it's not going to be easy for Pakistan to arrange foreign reserves and now China is the only hope left  for Pakistan.

 China is helping Pakistan just to increase it's presence and power in South Asian Continent. China have already invested in many projects in Pakistan and Pakistan have Smartly Used this opportunity and warned China that if it wants to continue it's project worth US$ 60billion in this South Asian Country than they will have to continue availing loans to Pakistan. Till the end of this financial year on June 2018 Pakistan had  taken loan of US $ 4billion.

 According to Pakistani Officers "we want China to continue funding Pakistan so that we don't need to visit IMF for funds"  Financial times  quoting Pakistani Official wrote" if China stops giving loans to Pakistan than it can put China-Pakistan Economic Corridor (CPEC) future in trouble. CPEC is part of Chinese President Xi Jinpings ambitious project Belt And Road Initiative(BRI) "

Foreign reserves left with Pakistan is just for 10 weeks period, it is equal to 10 weeks imports. Funds transfered by Pakistani working in abroad is also showing decrease in numbers. Pakistans imports have also increased. Huge payments made to Chinese companies working on CPEC have also lead to the downfall of foreign reserves.

 Now China is left with no other option than helping Pakistan to get fund or China should itself provide funds to Pakistan.

                    THE END
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