Pakistan Economy Is Dying | CA Rachana Ranade

"a MOU was signed in 2013 between China and Pakistan with a target to achieve its plan by 2030."

"however even this ambitious project has seen a major slowdown because of the economic crisis that Pakistan is facing"

"debt levels had increased from 3.06 trillion at the beginning of General Parvez Musharraf regime to 62.5 trillion at the end of Imran Khan's government"

"on the 75th year of Independence Pakistan published this report which talked about their total external debt and foreign exchange liabilities which stood at an all-time high."

"if you look at only the figure of principal repayment and interest repayment from July 2021 to June 2022 you can see that this amount is more than 12,000 million dollars"

"3.3 percent of the country's GDP if it goes towards servicing of its debt, of its principal and interest repayment then you can imagine that they are left hardly with any surplus to spend on something like Education, Infrastructure, Healthcare and more and more development of the country"

"Pakistan went to IMF for bailouts 23 times in 75 years"

"over the past 20 years the US has provided more than 32 billion dollars in direct support to the people of Pakistan."

"if their FDI which was increasing sharply during 2001 to 2008 had this not seen a sharp drop none of this would have happened."