What Pakistan’s Debt Dilemma Reveals About Looming Global Default Crisis | Debt Bomb | Full Episode
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- เผยแพร่เมื่อ 10 พ.ค. 2024
- According to the IMF, debt is at the highest level in decades. With high interest rates and a global economic slowdown, 60 percent of low-income countries are either already in debt distress or at high risk of debt distress. Pakistan is one country that has gone to the IMF recently for a bailout package. How is the country’s debt burden impacting its people? How is the debt problem further exacerbated by climate change? And what is the role of China’s Belt and Road initiative in Pakistan’s debt situation?
Pakistan is just one of 70 about countries struggling with a debt burden. With debt repayment expected to go up in 2024, will we see a global financial contagion and a deluge of defaults?
WATCH MORE Debt Bomb
• Debt Bomb
00:00 Introduction
01:36 Debt crisis driving illegal migration
05:46 Pakistan’s economic challenges
08:20 The collapse of Pakistan’s textile companies
15:11 Climate justice for Pakistan?
17:46 China Pakistan Economic Corridor - a debt trap?
23:25 Are we in a fourth debt wave?
27:21 How did the debt crisis build over 15 years?
30:11 Did China’s Belt and Road contribute to a debt crisis?
36:36 How do China and the IMF compare as lenders?
43:06 Could we face a global financial contagion?
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About the show: According to the IMF, 60 percent of low-income countries are either already in debt distress or at high risk of debt distress. Will we see a global financial contagion?
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A country built on religious lines and now collapsing under it's own weight
happens when a country only run by faith and delusion
why don't they pray?
If it collapses you can bet your ass there will be a migrant stream as huge as never before trying to enter Europe
religion just breeds more problems @@AmericanTraitors-GOP
@@rockpadstudios no one is listening to their prayer.
Why don't they Pakistanis flee to China? Isn't that China is their "all weather friend"? 😂
Instead of Europe they should start migrate to china. China should let them settle. Chinese need women
Because only western countries think it is a good idea to import a bunch of would-be-terrorits.
I can tell you China adopted a far more efficient repatriated progress toward illegal migrants compared with the EU (This year Chinese Government plans to repatriate 13 thousand illegal migrants). And that is an all-weather partner (the term is a partner instead of a friend in the formal document) at the government level instead of toward certain illegal migrants.
So not true friend then
@@rainboworiental9521how to write a paragraph without actually saying anything substantial.
Give them a dollar, a whole penny goes to the people and 99 goes to the corrupt government 😂
Sorry but penny goes to elite
Golden words “if we are stupid, it’s nobody else’s fault”
And Corrupt !
As long as Pakistan remains a nuclear armed nation there is no reason to provide them any financial assistance. The priorities of the Pakistani government are not worthy of international support
This video is about debt, not what you think it's about. I do agree with your assessment. I wish we can refuse mortgage application for gun owners, if they own guns, why should they have to borrow money to get a home. sigh~
@@Steven-xf8mz borrowing money for a mortgage is a commercial transaction, it is not charity so you analogy is fake.
@@ramrao668 oh my analogy is a fake, so country debt/refinancing is a charity? Oh Lord. Did you not sense my sarcasm, or did not watch and read the comment. Could it be selective memory at play?
Let them spent the fortune spend on their army to improvements, including education. Won't happen under an Islam army.
luckily, u r not the one to make decision
Pakistan Army - Our motto is "Never Won Any Wars but Never Lost a Single Election!"
Also they will never loose against Porki Public
😂😂😂😂
😂😂😂👏👏👏
From what I read, if it wasn't for your army, Pakistan will be bankrupt by now
Pakistan - An Army with a country
Pakistan and India r perfect examples of two countries which found independence at the same time, but due to different policies and societies find themselves in drastically different situations.
,India had slower growth then Pakistan for 30-40 years during socialism era. Game changed,when we were humiliated by IMF in the same way. We started from zero again and built what is now India due to newer policies . Difference in India and Pakistan is that India realises it's mistakes on the other hand Pakistan is shameless and doesn't want to change no matter what.
one was formed and other got independence. both are different things
@@abhinaysingh8306who got independence and who get formed?
@@ekatrinaalinayeva1304India fought for freedom and took it , Pakistan seceded from India due to Radical Muslim 2 state policy ..
There was no country called Pakistan before 1947. And no Bangladesh before 1971. Both separated from India due to radical Islamic ideals.
The reason behind the sudden slump in the Pakistani economy is that the remittances from the Gulf countries have stopped coming. People are migrating to Western nations and aren’t willing to come back to Pakistan. They apply for citizenship in those countries. Before their only option was the Middle East, where they would spend at max a decade or two, accumulate money and settle back in Pakistan itself. That foreign money helped the nation in a huge way. And that money has suddenly stopped!
Pak has dual citizenship
Now the Arab prisons are filled to the brim with Pakistani migrants jailed for illegal activities and begging. So the public of Pakistan and it's government are doing the same things. Illegal activities and begging.
Why did money transfers stop? Are there no longer many Pakistanis working in the Middle East?
Pakistan will always be cleaner and well off than India. Its hilarious that India 🇮🇳 thinks its a developed world power and thinks its better than China 😂😂😢😂
@@mingyuhuang8944 you are an Indian!
We know how Indians write comments.
Pakistan is able to fund a huge army and a nuclear arsenal.
Also deforestation played a key role in the floods. At independence 40% of Pakistan was covered in forests. Now it’s 3%. Many problems are homemade. But always easier to blame others
Rapid and uninformed urbanisation of punjab and kpk has lead to deforestation.
Home made problems like terrorism
pakistan is not able to fund a huge army, a huge army is able to take large portion of chunk for themselves , the high rank offficer in all department living a luxury life
*Pakistan a Failed State Symptoms* ; Loss of social consensus, Catastrophic collapse of collective consensus. Falling currency, Hyperinflation going *up* into spiral,
*Begging for Aid* and living on unsustainable *circular credit*
Religious fanaticism will rise and rise, Death will be called for every good and bad reasons,
Food security lost, scarcity will progress, Youth more interested and involved into violence and crime,
Press, media go into fake, safe mode, Nobody trust anybody, Everybody call everybody "Chor" n Corrupt.
The smartest of people leave the country by legal or illegal methods.
There will remain nothing but corruption, warlords, religious dogma and violence.
There will be catastrophic, horrible, abandonment of civility, reliability, trustworthiness and everything else...
Even a farmer will question is it safe to plant crops in my farm...
Everyone will be forced into a circumstance to *lie and lie* for very good reasons...
Constitution, laws, rules, ethics,... will become a dummy scarecrow...
Anybody trying to escape from this trap will be considered as betrayal and will be overpowered
Recovery may need decades or will never happen at all,
*Its is very hard for any force on earth to pull a Failed state back into sanity*
Pakistan is virtually run by this army, hence army is leaving some for the country.
Everything is Allah's will....good going Pakistan 😂😂😂
@@onlychristianity.allah weds ayesha 02/03/2024😂😂😂
@@Utkarsh95066 🤣
😂😂
😂😂
Pakistan ke Lund fakir jindgi bhar aise he rote chillate rahenge
"I shall eat grass but will not stop developing bombs" - Pakistan Leaders
That's why india can't attack or impose their will on Pakistan.
@@redbaron9029they don't need to Pakistan biggest enemy is its own people not india
Keep crying 😂@@redbaron9029
Lol on all 4 wars paxstan attacked and got bl0,ddy nose😂
@@redbaron9029 as if India ever bothered.
Crazy how the country’s economy tanked after the U.S. decreased/stopped the military “aid”
Pakistan was the main reason why Taliban survived in main place
800,000 Pakistani left Pakistan. How many are radicalised we don't know. The country who took them should monitor them critically.
According to a Indian Ministry of External Affairs report, there are 89 million NRIs and PIOs (including OCIs) residing outside India; and overseas Indians comprise the world's largest overseas diaspora. Every year 2.5 million (25 lakh) Indians migrate overseas, which is the highest annual number of migrants in the world, and you are worring about pakistan.
@@araz7857 in 2022 alone those migrates and NRI send back to India more than $111 Billion dollars.
India has an unemployment problem because of the education system. But gov. Already started reforming the whole education system in 2020.
@@araz7857i saying , that point to each other's flows won't help! People need to accept then work on it
Just a few days ago a teacher stopped teaching science u know what i am talking about!
Think about the new generation , kids and what they are gonna learn,
You already know what they are teaching in schools!
It's already late when the people of Pakistan will wake up?
@@araz7857I'll ask you a simple question
Pakistan is Islamic State or a secular state?
Greece is the first victim of illegal Pakis swarming their country. Native Greeks are finding it difficult to live amongst these uneducated religious fanatics.
Pure bullshit! Ecologically, Bangladesh is placed in a worse place. Yet Bangladesh has managed its economy and ecology very well. Pakistan's ruling elite's priorities are playing geopolitics and not the well-being of its population. Helping Pakistan in any way are effort down the drain.
well said
Corruption.
bangladesh has textiles
It it is because Bangladesh does not share border with Pakistan. it shares border with India. what comes through the borders is trade .where as in India Pakistan border Pakistan always tries to infiltrate terrorists into India. India has reached the moon and till now Pakistan army is still trying to infiltrate into Kashmir
Rightly said. Bangladesh faces more floods than Pakistan still their economy is well managed
When Pakistan got IMF bailout again in July 2023, first thing they did is built a 500 ft flag pole…👏👏
They also increased their Defence budget by 16%😮😮
FUN FACT: No Pakistani prime minister has ever finished his or her five year term. (On chap did a total of 9 years in 3 non-consecutive terms but never finished any of them.) Gotta love that Pakistani political stability.
The two reasons for this poor situation of Pakistan is 1) Obsession with Kashmir 2) China !!!!
Yep totally nothing to do with corruption.
Islamism wrapped around the Pakistani Army and a population fully corrupt non tax paying and obsessed with Kashmir
jazba imaan aur kalma
3) religious fanatics
@@degol5692 Corruption is least of the problems. You have mokeys running the country. They will at the best buy bananas for you. If a decent politician even if eats 50% will give some education. Pakistan is obvious religious land pakistanis wanted. And theocracies allways end up being run by monkeys because god is there or not monkeys are easier to find to run it! Enjoy.
Nuclear program but cant even take care of its people
Yes. They spends billions a year on maintaining nukes. If you are a 3rd world country, you should be helping your citizens.
@@CroisMoithere prime minister once said- we will eat grass but will make atom bomb
@@abhinaysingh8306 well, time to eat grass....if any is left after the floods
Imagine those nuclear weapons falling into hands of radical terrorists? Religious extremist country like Pakistan shouldn't have been allowed to have those weapons in the first place
Among the *three economies of South Asia* ...
1 - Bangladesh has been the best managed. And today has the highest per capita (it used to be the poorest).
2 - India has started improving a lot in the last decade. (putting up infrastructure and a huge population, some very well-educated)
3 - Pakistan... others have commented at length 😜
Pakistan is what India would have been if it chose Religious nationalism over Secularism, strong arm military chauvinism over democracy and if South India wasn't apart of India.
India has higher GDP / capita. Nice try.
@@val-schaeffer1117 You should try reading something other than Indian government propaganda.
For a change, try world bank data.
_Will make you sound a little less embarrassingly ignorant for a change 😜_
@@toothlessseer3153 Yet you failed short of furnishing the data. Too ashamed of land of pure? Try hard pretending to be Arab. You're desi with doughy Austronesian facial features.
China is very well selling dreams to these failing countries by giving them more loans and building expensive projects, while the countries in reality only need basic changes 😂
Stfu anti china troll 😂 Pakistan will always be cleaner and well off than India. Its hilarious that India 🇮🇳 thinks its a developed world power and thinks its better than China 😂😂
You are very right.
Pakistan = Give me money and I will fix everything 🙄
And they are saying the same since 40 years.
Pakistan was bound to face the situation as 20% of gdp goes to it's Army.
Once former Prime minister of Pakistan said ,"we will eat grass but we will make atom bomb". Most European Country who will bail out Pakistan doesn't have such Army or Atom bomb
Western nations must not help them and must not accept them as immigrants either. Deport all of those currently in the West too.
Now they are selling nuc weapons secretly
Khalistan Jindabad
Zaida kush na ho aisa ko scene hi nhi aidhr , propeganda videos dekh ke daant na nikal.
Jazbe wali kaum
A police constable in feudal state wanting to migrate is scary thing. Imagine the plight of poor ans unemployed
10/11/23 ( Friday ) 6.20 pm. I was astonished that an ex-Minister of State said that Trade was not the answer to reduce debts of Pakistan. The program kept bringing in China with its Belt and Road Initiatives, that it loan too much to countries that had difficulties in repayment. But it did not criticize IMF for its role in destroying social stability of its borrowed countries. Also, USA with its debts of over 33 trillion was not discussed in ways that USA could reduce its debts. 1 way for China to reduce its debts and to service its internal needs is to sell its over 800 billion US bonds.
My friend's father is a Pakistani Army Colonel of the Sindh Regiment and his two brothers are also studying in England.I asked him how his father was able to send him to BPP University without taking a student loan from the bank.He said his father used to provide children from his battalion for 'bachcha Bazi' for foreign tourists coming to Pakistan for sex tourism.
Islam doesn't openly promote sex with little male children. Those must be non-Muslim boys provided for entertainment.
Speaking truth bro..👍👍👍
wtf!!!! No haram in doing this right?
@@JitzyJT Allah does not prohibit it, and what Allah does not prohibit is allowed to believers in Islam. It's not for you and I prohibit this or that.
@@JitzyJT
Our sallaallaahuwassalllam was the first homosexual to be born on earth ❤❤
My father was in the Pakistan textile industry. When he asked the local tax collector how he drove a Mercedes and lived abroad most of the time , his answer was human trafficking and opium trade. 😢
I hope not sex trafficking?
@@yomamasohot6411 you really think this comment is real ? they're indians with fake ids
And these guys talk about religion
😮 sounds right bro. There are still some filthy rich people in 🇵🇰 who are into such things and they have money and guns,
Basically every third guy has a gun in Pakistan. The gun control is very bad there in pak. There are no robberies on knives , only armed robberies happens noe
Its alarming situation in Pakistan when inflation hits sky rocket with 38% people are totally helpless
I feel sad for common people. It’s very very disheartening. I hope things improve soon.
Care about your own , The radicals who give a call for anhillation of India are not worthy of sympathy , Period !
@@divyanshusingh2145 no , dear common people do not endorse hatred, they have nothing to gain from hatred. It’s the politicians who want us to be at razors edge. Of course i do worry about my own and do what I can to educate a few. So Divyanshu I rest my case here.
@@sharmiladevika,,mam u dont even have idea what ur talking about ,,dont be so sleepy otherwise within no time ur childrens will be converted ,,,,🙏
@@sharmiladevikaWe have defeatist people like you in India. Shame on you as you are so ignorant about Indian lives lost to terrorism pushed by radical Pakistan army
Pakistan will always be cleaner and well off than India. Its hilarious that India 🇮🇳 thinks its a developed world power and thinks its better than China 😂😂
Pakistan has debt? WTF?
Who is lending to that failed state?
IMF , China
IMF, China, Saudi Arabia and US
But they have stopped funding them ..USA has stopped funding them that's why they are sending out Afghan people to go back to their country...
Saudi gave them a couple of billions this year reluctantly. And IMF also gave grudgingly.
Sounds like south africa where the president and his friends spent 23 000 on food and alcohol per person one way to the queens funeral...half of the public service is millionaires..whites are either murdered or are not allowed to work or export! We also a failed state..anc thank you
The more governments spend on military and bureaucracies, the more we pay in taxes and inflation.
Pakistan will always be cleaner and well off than India. Its hilarious that India 🇮🇳 thinks its a developed world power and thinks its better than China 😂😂😂😢
Pakistan is what India would have been if it chose Religious nationalism over Secularism, strong arm military chauvinism over democracy and if South India wasn't apart of India.
Pakistan currently 20 years behind India in development if they start developing now the multidimensional poverty in INDIA is less then 10% were in Pakistan its almost 50% and I am taking about multidimensional poverty if your brain digest that. Yes China poverty is less then 5% but we will match the development of china in next 15 years there is no shame in saying currently china is far developed then INDIA but we are catching it up were as Pakistan is going backward.
maybe they could think about birth control and get their priorities right
Now i know the reason why interest loans are banned in islam. Its Haram.
Sri Lanka is in way to recover, but Pakistan can't. They are dependent on free money and aid.
Pak Stock exchange is among world's top 3 right now. So cope harder
@@afrazamjad1644😮 but people crying for atta
@@giridharm5598 So if you think that People would not rush up for free Atta in UP, Bengal, Madhya Pradesh and so on. You are in complete denial, brainwashed by hindtva regime
@@afrazamjad1644 they get atta, unlike Pakistan where atta is not available 😂
@@afrazamjad1644 being 35% population still playing minority, victim card for free atta is your agenda, it's your community having 10 childern each in Bihar, West Bengal Kashmir up in queee for atta, 😊
All countries have an army . Pakistan army has a country ...
Egypt is also similar controlled by the army, so is laos
@@setsunatenma9467 controlled to what extent ? Manufacturing training arming and exporting terrorists?
@@sameersehrawat8548 the army haven't control over the businesses and benefitting from it like Pakistan army does
@@setsunatenma9467 that's just the point which I am trying to prove
Well one of the most important thing that no one is talking about - WHY PAKISTAN IS SO ADDICTED TO IMF ??? Mis-Management? For sure. But the most important reason for this addiction is due to the dependency that US/NATO inculcated within Pakistani establishment of the funds that were given to keep up the fight against USSR in Afghanistan.
Secondly, the bullying attitude by keeping world on edge, threatening on World Stage in UNGA - boasting of being the only Islamic country to have the Nuclear Arsenal (that too by theft) at its disposable - so that world should not take them lightly. Pakistan keeps on black-mailing the world organization to keep the money incoming or else they can simply pass the weapons to home-bred terrorists or even transfer the technology to more political de-stabilized countries like Iran, Libya, Nigeria etc.
The first and foremost clause of debt re-structuring and/or debt-relief and even writing off some of the debts should be :
Surrendering/Destroying all the nuclear arsenal and assets. No country with such unstable establishment, economic crisis and disparity should have Nuclear arsenal in their backyard. This is neither safe for their ownselves nor for the world. This is the hard pill Pakistanis have to swallow - else their leaders will keep on jumping on this one dangerous threat tactics.
Secondly, a comprehensive economic doctrine needs to put in place with a oversight committee including world renown economists and policy-makers. Pakistanis have to give up some of their luxurious habits for few decades and bring back the economy to be in par of their similar populated countries.
over 40% of debt to private creditors. So it is actually all those private creditors causing this vicious crisis and refuse to even take responsibility. How despicable.
It's a country that failed long ago.
It will just fester for years.😊
it was never a country.
@@debasishraychawdhuriit was part of India
@@asurq123we will take Punjab Sindh Kashmir
@@Demigra-go7bx We don't want that population. It will be a drag on our own economy.
@@udaydeshpande2225 khry
China approached India for building huge infrastructure like ports railways etc but we denied.We don't allow Chinese to build our own infrastructure.India is especially a role model in this.
Half of Indian roads and railway is Chinese built, India has taken so much loans and is next to going bankrupt 😂😂
India's dams and bridges are collapsing at an impressive rate.
@@daniyalbbd5281 Where did you read this in Madarsa? India has taken no loans from China, most of Indian load are public debts and bonds, India has taken loans from it's own citizens. We build our roads by PPP , this is how we done it
When has china approached india for anything like this ? Don't lie. Most of the big infrastructure projects in India are done by Indian companies themselves. And most of the heavy equipement needed in such projects like cranes in ports, generators in power projects are imported from China.
India is the only country that remains out of BRI project @@daniyalbbd5281
Pakistan reminds me of India in the 80's. Underdeveloped, with crumbling infrastructure and cities.
India has a long long way to go still, but it is still better than how it was in the 80's.
"HUM kya mange ?"
Roti-kapda-Makan
Politician - Jihad hoke rehega, Lal qile mein pak jhanda
Indians- free comedy 😂😂
All I hear is complaints, blame to others. Climate crisis because of western nations, IMF instead of doing debt-restructuring giving more loans(like they could’ve survived without one) and what not.
It all is because they have misplaced priorities, they bring religion into everything, put money in defence and nuclear programs rather than creating its own infrastructure.
Pakistan has been living off IMF loans for decades now, so they stopped working on themselves, because they think someone will bail them out.
But this time it was different because one of the two pillars holding its economy was not there and thus the other one collapsed under extra burden.
Pakistan had created a parallel economy with fake Indian currency, the demonetisation in India destroyed that pillar. Thus the other pillar, IMF loans were overburdened and finally IMF said no more. This is what different from the last 22 times it was saved by IMF.
This religiously gullible public will not hesitate to burn the new coaches from china if someone spreads even a false rumour of some blasphemy relating to it. The people themselves are so naive and stupid that politicians easily make a fool of them by simply blaming everything on India, nobody in Pakistan has an ounce of responsibility and accountability.
They can only come out of this if they keep religion as limited aspect of their life, take accountability for their own problems, do all in their power to remove the corrupt army and politicians.
Dang, so TRUE. As an American, I concur. I think they have a hidden jealousy of India, as India is becoming far more prosperous than we imagined. Seething with resentment that india is on its way of being the 2nd largest economy pretty soon. Plus their religious beliefs stagnate them.. jeez
@@sashamoore9691 Agree. Any nation when focuses it’s efforts on self development, it becomes powerful and prosperous. America did that previously, but off late it has instead focused on everything but itself. Hence they are losing the edge, the greatness, the land of opportunity it was called once. They have more focus on other’s business than its own. It needs to focus on domestic problems first. Just obsessing on Russia has caused half of world’s problems. Ukraine is one such example. I would love for America to be great again and maybe I will re-visit the country then. All the best to you people, vote better this time.
Spot on
@@sashamoore9691 nothing hidden about Pak jealousy+contempt for minorities; as shown by BBC, Pak kids books describe minorities in the most racist manner. The fact that minorities have declined from 22% in 1947 to 2% by now tells a story of sheer horror.
Rejection of their ancestor's way of life (only 2% of Pak is of invader genetic stock) and allowing their armed forces rulers to become billionaires with family safely abroad, means a country that is NOT going to survive...amazing that their citizenry is putting up with this situation..brainwashing with exclusionist-supremacist idealogies maybe?
Bang on!! You said it very well. Fighting over issues like Kashmir! They keep thinking in terms of jihad and spread hate for India! Man it's time that they grow up to the fact their nation is drowning and the people to blame are China USA and their very own religious leaders and politicians!!
Well karma always comes back its time for Pakistan to pay for their crimes against minorities
Yep
Worse will happen to India
@@sabak84keep crying
@@sabak84 and when will that come? i am listening this from Paxtanis from years 😂😂😂😂😂😂
@sabak84 this is why pakistan is in ruins. Any nation built on hate and jealousy won’t last.
My pakistani friend is illegally living on germany . He is the only earning member of his family and they are surviving on remittance . Pitiful and saddening.
Stay safe these guys are fanatic 😂😂
Be safe with him or her
It's so sad to see my neighbour like this 😢😅
Maybe pak could spend billions less on it's army, which has never won a war.
we muslims ruled india for 1000 years, read history.
@araz7857 100 years ago you all poxtanis muslim were hindus, Buddhist, check ur surname, Chaudhary, tanoli, bajwa this are not Muslims surnames!
You are converter 😂
And we arent even after mughals raj!
@@araz7857And ? What's the point of ruling India when you end up as a beggar in the 21st century. Try and apply for citizenship to gulf countries like Saudi, UAE and Qatar. I am sure they would show your Aukaat in no time.
@@araz7857🤣🫴 don't Cry so much. Do you know about your Ancestors History? Yes you know but you don't have the BALLS to accept the Truth 😂🤣🫴 Stoopid Hooman saying We Muslims Ruled 🤣🤣🤣🤣🫴🫴 don't worry Hindu will rule the Whole World in few Decades 👹✌️
@@araz7857you're not ruling yourself now you're just a colony or puppet of China.
Things are dire when a Government employee such as a police constable decides to leave the country.
Poor economic policies, blind borrowing, immense corruption at top leadership are main cause of all economic slowdowns in these countries.
Global debt situation is pretty dire - now even wall street journal is publishing dire reports of US debt situation - the profligacy of today’s government means our children face a dark future burdened by debt. Of course US is nowhere near Pakistan but the debt crisis tsunami wont leave even large countries untouched.
Someone should tell Pakistan that IMF is not their piggy bank..😂
It’s not just Pakistan . It’s Pakistan, Lebanon, Argentina, Egypt (but Egypt got 10s of billions of dollars from uae, Saudi Arabia etc so it has kicked the can down the road), Sri Lanka, pretty soon South Africa will be joining this tragic league, and there are many more. The global debt crisis is a real one , a ticking time-bomb….
sabka jazba majboot hai ji
Suez canal ensures that Egypt would always got help from other countries. They're safe.
No wonder Egypt doesn't want anything to do with recent Israel Gaza thing
@@nntflow7058 tell that to the 50 million Egyptians sliding into poverty last 30 years!
@@Quantum-1157 You still don't get it do you? Poverty is fine for Egypt as long as they are not starving to death.
Their leader had once said.....
We are ready to eat grass if ot means getting nuclear capability...
Looks like Pakistan succeeded
1950 - Population 75m. Now 240m. The same problem as Africa. No economy or government can cope with a trebling of population in two generations.
the reason why illegal migration should be stricter.. these reasons are not valid to get an asylum..
It is for the radical left
WTF gets Asylum for this, barely anyone going from Pakistan even requires Asylum, far fewer actually get it.
This will be India if people vote for freebies and free cash..........Make your vote count in 2024 parliament elections....vote for sustainable development and infrastructure and not for freebies and subsidies. India is not a developed country to be handing out freebies yet*
Yes, But India is strong enough to sell land, water, soil, air, seas and beneath the soil to thugs of Gujarat while 830 million are living on govt rations. 🤦♀
Seems like Indians dont even recognise the edge of cliff they are hanging from.
Yes vote for human rights and economic growth!
Most of South Indian politics..you are right 👍🏻
Here In India we are living so peacefully
I have 1 skoda Kushaq and 3 Two wheelers
We can do anything we want too
Mr. Sharif says that Pak does not have the appetite to borrow more. Really! The elite would borrow in a heartbeat, there is plenty of appetite to borrow and let future generations deal with it. PAKISTAN DOES NOT HAVE THE FINACIAL CAPACITY TO BORROW MORE. IT CANNOT SERVICE MORE DEBT.
military spending in pakistan main cause of the debt problem
Pakistan should become secular democratic state( no state religion) and abolish military dictatorship . Pakistan education system should also needs to be mordernized and promote rational thinking and scientific temperament .
I think their main problem is Madrasa education. It does not teach any productive skills.
Okay, Indian troll, it's all down to the military, maybe India should set an example and spit out the military invasion of Sikkim first.
@@user-wq4fb7zt8ymilitary invasion of Sikhism? From our starting days Sikhs are part of our nation …I am a Hindu and I proudly say Sikh people shape India and protected too in history also …and Sikh people became president, prime minister, defences minister, finance minister and lot more in our country …they are 2% in country still …guess why they have earn it …not want it or got in mercy and no one in India cares about Khalistan
@@user-wq4fb7zt8yHey Wumao troll tell your country to free Tibet. Sikkim had a referrudam but Tibetans were masacaraed.
Pakistan 🇵🇰 has been a friend and ally of China 🇨🇳 for a long time. How are things going for that country?
- Western Liberal Democracies which include Asian countries such as South Korea, Taiwan 🇹🇼, and Japan, are doing well,
while countries in China's orbit or *even China itself* are struggling.
Why are you blaming China when Pakistan has its own govt? lol. Actually, China is the most active in investing Pakistan, which kind of keeping them afloat at least. Chaos in Pakistan is bad for China, as it might influence China's Muslim population. Pakistan is important in China's BRI, so China can transport their goods. Pakistan Gov't should improve their own production of exportable products, China has no control of that.
@@snarveien1853 you replying to a political troll by the way. I believe he's saying Pakistan's problem is fault of China, therefore, all the death in Israel and Gaza is result of America. Just leave it as that, and call it a day.
Korea lowest birth rates in the world, highest private household debt, Taiwan is in recession the economy is shrinking, Japans Yen is getting weaker every day, they even lost their third place of largest economies in the world to Germany. It's just propaganda.
Lol sinophobic troll
@@snarveien1853The Chinese never gives. It only takes.
@33 min, really heard of Hambantota port in Sri Lanka, what are you talking about
One biggest policy input I will give Pakistan is to take over all the business and civil land of the military, create independent PSU companies run by civil servants of those business, and the military only dependent on the government budget for funding. This will enable all areas of public to be accountable for elected officials and army to tame their influence on civil government.
tujhe yahan kai civil servants ka nahi pata parlai darja kai gandu hain. Army ki yai baat hai kai usme discipline tau hai un kai paas resources hain or workforce bhi hai . Or general Asim reforms bhi kar raha hain aap khabi pakistan ao aapko abhi ka pakistan 1 saal wale pakistan sai bohat different mila gai
Only if it was that easy. Until you sit on the throne, you don't realise how messed up their system is. Pakistan is not a true democracy, the power is controlled by military. If you try to bring changes to the law that tries to reduce power of the military then your government gets overthrown and you end up in jail. Pakistan's democracy is a failure, since it's independence, none of the government has been able to complete it's term, everytime it gets overthrown by military coup. Just take a look at the most recent case of Imran Khan, he ended up in jail before completing his term in office.
Islam is the root cause
I am the root cause, I stole their food
this is what your peacefull hindu religion doing to girls in india. there are Estimates for female foeticide vary by scholar. One group estimates more than 10 million female fetuses may have been illegally aborted in India since 1990s, and 500,000 girls were being lost annually due to female foeticide.
Please don't stoop to such insulting content.
It's their interpretation of Islam that destroys them.
Terror state,
@@raosensei63 there cannot be an interpretation ambiguity.... islamic texts are crystal clear. Only those who blindly defend it hide behind the interpretation excuse.
For muslims, life on earth is just temporary. Real goal is to reach heaven. So it doesn't matter if they are rich or poor or whatever. Goal is to reach heaven thats it.
You forgot another goal, to make the whole world into islam.
yes.
different mindset
Trust me this comment is the most sarcastic one I have read through this years.
Muslim is chutiya
Are you some kind of comedian?
Who can say that there is a direct link between Pakistan's flooding and climate change? The images featured are heart-rending, to be sure.
Pakistan was running its economy by providing services to those countries involved in war in Afghanistan. After August 2021, the war in Afghanistan has come to an end, no free dollars are flowing to Pakistan.
Ask allah for food
Malaysia’s economy is on the right path to become another Pakistan
there also debt problem ?
What is going on in Malaysia?
Are they also started praying 100 times a day
@@anitagorse9204 increased funding for religious departments like JAKIM while increasing pensions and salaries for civil servants, and to increase taxation of SST from 6% > 8%
and introduction of Capital Gains Tax 2024
Very well said.USD today 4.77 .In 1989 it was2.30. Keep on race and religion active
legend says..
every country has an army
but Pakistan army has a country
blamed the world around but nowhere did this mention how a country in shambles still allocates 85% of its budget to its armed forces
Pakistan main problem is their army and their religion. They blindly support religion but their army used it and became richest army in the world. But this CNN doesn’t want to cover about it.
If people given importance to welfare schemes and infrastructure means, they are well developed. But they given huge importance to terrors and military. Even in this crisis they tested balestic missile test. Pakistanis are very proud of it. But they don’t asked how this money came from???
Foolish people.
Something is clearly wrong. How does Pakistan have almost 50B in trade deficit when it's not a developed country. It needs to manufacture and export, doesn't matter if it is industrial or agricultural, it needs to be net export. that's how it works, poorer countries need to be net export and rich countries need to be net import. Global economy is meant to be a circular cycle, the poorer countries can't be consuming more than what they produce, that don't end well.
As far as I know, Pakistan is exporting some marble and fruits and clothes. That's about it. They need to import all tech, oil, coal, medicine....a lot of things. Unless they expand their technology and science sector, there'll always be trade deficit.
They use to import lesser before they signed a FTA with China. End of. The elite also consume a lot of imported goods
Pak's biggest exports are jihadis
Their basic export is low-value agricultural and animal husbandry products. So I guess there's always a trade deficit because there are no high-value high-tech exports. They needed to have set up industries and skilled up their human-resources aka their citizens, but their science textbooks are full of islamic creationism and thus not scientific enough. Religion is front and centre of their mindset whatever they do- pilots flying into turbulent weather because "allah will take care of things" (not even joking!) and doing namaaz on cricket pitches instead of net practice (and losing matches in the process). So there you have it.
@@anitagorse9204Educate yourself....... Porkistan is a top exporter of IT to entire world
They have brought this on themselves by spending billions to try to compete with India, militarily, even developing nuclear weapons, so they are relatively strong militarily but at the price of almost being a failed state that could eventually collapse and fragment into multiple states.
Instead of embracing science n technology like neighborhood country, they studied "religious studies "
If Pakistan is worried about climate change, they should speak to China: the #1 global emitter of CO2. If China is a friend to any country, maybe they'll take sincere measures instead of pure rhetoric.
Except China-US deficit says most of China's pollution is in business of producing for US consumers. lol. I bet China doesn't have a problem increasing its price-tag by 10x if US consumer is willing to pick up the cost. Oh right, if China is no longer a cheap and effective solution to consumers, US businesses would turn to somewhere else like India or Vietnam, then pollution and deficit will suddenly disappear, right? LOL
Diabetes isn't caused by bad lifestyle or consumption of food. It's fat's fault. Your brain has nothing to do with it, it's the fat somewhere that's damaging your other organs.
China has 1.4 billion people and its per capita carbon dioxide emissions are low. Second, the West is the main consumer of Chinese products, and carbon emissions should be calculated according to consumers, not producers.
Carbon dioxide emissions per capita is a fair statement.
Interestingly, for hundreds of years during the industrial development stage of Western countries, no one paid attention to the issue of carbon emissions. When the West became developed, carbon emissions were put on the agenda in order to curb the industrial development of developing countries.
Western nations aren't exempt genius. Not to mention India next door that can barely take care of its own pollution problems.
We Indians constantly educating ourself, and getting ready to learn modern world's skills. We were borrowing for education, and now we are capable of paying lot of taxes to government to take India to next level.
the opposition coalition called as I.N.D.I.Alliance is campaigning for freebies and people are falling for it....
GOD SAVE INDIA
How about toilet availability ?
And Lulu Mall Robbery?
@@X-Rounder😂😂😂toilet u people still are in these things. Correct ur fact....
@@X-Rounder Few percentage of such people (leaning towards crime) are always exist in any society. Your focus is on negativity, my focus on positivity and what majority of people are progressing well. Pls visit India and experience soothing toilet, it would cool down your burning back.
This is a documentary on pakistan you idiot. why drag in India to it ?
Aare hum kya chahte ?
Kashmir --> Roti, pani
Bheek mangke lenge aazadi
Pakistan: (slashing in water drowning)
China: Would you like us to throw you an anchor?
Debt-trap diplomacy isn't shown when the levels of debt are at the highest...The execution occurs when countries default on their loans or China runs out of their ability to bailout. So, you won't see China taking over assets now, that will occur when countries start defaulting like Sri Lanka.
Refuse to honor the debt, what can happen?
Stop with this Next Sri Lanka Narrative.
Sri Lanka has more loans from Multilateral Agencies than China.
@@maryngeoh9007china already took sri lanka ports becaus they couldnt pay it back
@@simpley6256yea but they didnt take sri lankan ports
@@vivekstreme1994 Both parties acting on their interests.
Taking away a port vs orchestrating democracies(to basically be a puppet regime dictating policies and the way the government is run ).
Pakistan should have population around 50 - 70M They can have good life...
Also should stop religieux fanatisme
Yep....Sent the rest to Europe...>White woman are not ahving babies anyway
They didn't talk about this at all. They're adding 4m+ every year...
And India?
@@yourend3177 India has attained below replacement fertility unlike PK. It's also bigger and food and energy (somewhat) secure...
@@jameskamotho7513 With 830 under food stamps(ration in India), 4th in oil import--considering the top oil importers are Europe(all countries), China and USA--hardly energy sufficient.
With increasing numbers of wars--and rising oil prices and overall inflation, India with 1.4 billion is hanging by the cliff--doesn't matter the GDP--when the divide between have and have nots is out of the world.
Upper caste Muslims from Punjab region of Pakistan own 70% of land in Pakistan they consider other Muslims of Pakistan who account 70% by population nothing
Dont worry pakistanis. ISLAM will give you food. Allah personally will come to the earth to help you guys. Stay strong.
😂
Allah ki Marzi se ho rha h sab kuch
Bro that was a low blow😅
We are. Worry about yourselves. Obviously having multiple gods and discrimination against and exploitation of minorities is what keeps you all going. Chug along.
@watanabe00738 Don't worry about us, worry about yourself. Half of your country is in Islamic nations begging for alms because your government isn't doing anything to provide for the nation. Allah is providing for them.
Puzzling. Pakistan does have a nuclear program. If electricity is a major factor limiting industrial output is there a reason that a civilian nuclear program hasn't been built to take up the slack?
With all the natural disasters they have to build a nuclear reactor is definitely a Chernobyl in the making.
Yes there is pakistan does not know how to make nukes it got them from China hence it cannot make its own reactors
They have only concentrated on building Nuclear weapons. West keeps supporting Pakistan for some odd reason.
Simplified, uncontrolled nuclear fission is an atomic bomb and controlled nuclear fission is what runs nuclear power plants. Different sets of knowledge and skills.
@@sreekr They already have 6. At least according to wiki.
Thank you for your insights
Edison generator and dynamos power plants can replace hydroelectric power plants and are much less expensive. To build.
what do you think how hydroelectric power plant work?
it also change macanical motions into energy, power plant use any kind of dynamos power system to produce electricity
1/4 budget goes to army..even major companies or government institutions hold by army personnel..like agriculture, space agency, industrial park etc. FDI wants open and free business but army wants monopoly in every sector. That's why no investment grab by Pakistan government.
50% of revenue goes in paying interest on debt. then they take more debt and then more interest payments. soon 100% of their revenue will be used for debt servicing.
High Speed Train >250KMPH is not needed by most countries.
Semi High speed trains with speed ranging 150-200KMPH is good enough for most countries,
As it will save time (a little less than High Speed Train)
But on cost front it’s huge huge difference in both construction & later maintenance.
India is setting a good example by moving to semi high speed trains like Vande Bharat Trains which are locally built and have raised the avg speed of trains from 80KMPH to 130KMPH already and option to go up to 160KMPH.
The remarkable thing is it’s much modern than older trains and still hugely cost effective.
It is much needed here in Japan.
Yup, I agree. You get a lot more out of semi high speed trains. And far less expensive.
So? How is it relevant to this video
?? Keep living in old days with old tech while other countries are making breakthroughs 😂😂
@@bigboy6191 i think you don't watch full video
Pakistan needs a Dr Manmohan Singh.
All the best neighbors, may you emerge out of this distress and flourish.
Dr. Manmohan Sigh was born in Chakwal in what is now Pak. Punjab!
I wonder where all the borrowed money went? Taking a loan to build something that wil generate more than the cost of the loan makes sense. The lenders are really to blame and they should write off their bad loans. Of couse this would destroy any future loans to the country and force them to live within their means. But living within ones means is such a horrible concept today.
I don't know why the prospect of Pakistan's debt default is being linked to the danger of a global debt crisis. At the end of the day money is just a means of exchange and debt is just "money from the future". Other countries produce things for export while importing other things they need in a rough balance. Pakistan just has too many people and too few resources. It will always be in crisis.
They still have one of the highest population growth rates in the world and are showing no signs of doing anything about it.
The report is linking it to the global debt crisis and they are quoting Pak as one symptom of the global problem. Srilanka got there an year back, these other countries are on the brink of it. As these countries are dependent on powerful economies they would be the first wave of victims, as the powerful countries would not be able to lend them or bail them out further. But then the next wave is the powerful countries being hit by the high debt they have. Unfortunately the powerful economies do not have anyone to bail them out.
It is because they have resources....But the people are useless and uneducated...also they denounce science
@@jonron3805 Right and my point is that Pakistan is unique in that the economic fundamentals are not sound unlike other countries. Risky loans to Pakistan won’t sink the world economy. The banks will lose and maybe China. No major economies are dependent on Pakistan paying its loans.
@@dlewis8405 Pakistan is not as unique as you mentioned there are multiple countries in the same situation. Paks external debt to GDP is less that 50%, there are many other countries like Greece, Mangolia, Peru, Armenia, etc where the numbers are even worse off. Paks has a relatively better government as compared to some of these other countries.
As I mentioned, whats happening there is a symptom of the world economy. If the world economy was booming then firstly they would not have a problem to get more debt and secondly they would also have better opportunities to export their goods and services.
The fact that they, like the other countries I mentioned are struggling is that there is a fundamental issue in the global economy.
Inflation is mostly caused by excessive debt, and that debt is spent into the economy with newly printed money. The excessive cash will chase the constant supply of goods, resulting in price inflation.
The Pakistan debt problem is common to many countries including the USA. The lack of f exercise of basic economics worldwide is the cause. Wages are not maintained for the poorest people and taxes are not maontained on the wealthiest. This poverty of revenue is provoking borrowing and printing money. This irresponsible economic situation is global while we suffer from illegal manufacturing of halogenated vinyl halogenated carbon and nuclear technology.
not that common. Pakistan debts are insane. you know you fked up when your debtors want nothing to do with you
You will never see an army general answering questions during such videos.
Control your population , keep religion inside your homes and avoid being violent 😮😮
thye are keeping religion inside the homes by encouraging women to have 10 babies in the name of "you know who"
Birth control is haram, and Pakistan is Islamic nation, and with pinch of radicalisation. So no one dare to bring awareness about birth control.
They can't understand that I mean South Asian Muslims can't
Most of South Asia Muslims don't understand that..this includes India too..
They dont Believe in Karma
They always believe in Kafir
thats why they are suffering from this time
Wow, Ghana has learned the hard way that there is no such thing as a free lunch!
The comedy never ends in Paxstan
🤔…saw a quote saying…folks believe working hard is the way to wealth…but can’t explain why those who work their butt off are dirt poor 😢
This is insulting to anyone who does the right thing and applies for visas the legal way.
Pakistan is facing an economic crisis caused by decades of mismanagement and political instability, leading to drained dollar reserves, runaway inflation, and widespread factory closures. The country approached the IMF to intervene and was bailed out with a $3 billion standby arrangement in June 2023. However, the conditions attached to the bailout, such as raising taxes, cutting the fiscal deficit, and letting the exchange rate go, are not enough to fix the underlying structural problems. Pakistan's trade deficit reached a daunting $48.35 billion in fiscal year 2022, forcing the outgoing government to place a ban on non-essential imports to stop the outflow of dollars. The textile industry, which contributes approximately 61% to the total output in Asia and provides employment for about 40% of the country's total industrial workforce, has been hit hard by the import ban and electricity tariff increases. The sector has lost almost 700,000 jobs in 2023 alone, and textile exports have declined by 14% or $2.2 billion US in the first 10 months of fiscal year 2022-2023.
And the ideology which makes them zombies.
Thanks for the info
Pakistan is spiralling down into default because of their radical Islamic ideology, and deep hatred for India just because it's a Hindu majority nation. Hatred is ending them.
Pakistan will always be cleaner and well off than India. Its hilarious that India 🇮🇳 thinks its a developed world power and thinks its better than China 😂😂😢😢
Pakistan is what India would have been if it chose Religious nationalism over Secularism, strong arm military chauvinism over democracy and if South India wasn't apart of India.
A couple things not addressed, regarding the breakage of the dams. bad water managment is a common problem across the world, if you willynilly divert water the underlying ground structure changes, same with building randomly, causing it to be worse in adsorping the rainfall. Road infracstructure is similar. Also the corruption and waste of money when it comes down to building in pakistan has caused the loan they got from imf and china to build a new hydro electric dame with a lifecycle of 30 years to break down within 10. the problem is systemic within the pakistany system and it will never get solved
A thoughtful discussion that wasn't laden with the usual propaganda we tend to hear from both sides! Thank you.