May 9, 2025 12:39 PM
A Broke, Belligerent, Brazen Pakistan: Ignoring Poverty, Investing in Proxy Wars
Pakistan’s economy has been in dire straits for quite some time now. With over $130 billion USD in external loans, according to CEIC’s economic database, the $338 billion USD economy (according to the World Bank dataset for current GDP as of 2023) is taking even commercial loans at higher interest rates merely to service existing debt – debt to repay debt. How can such a country engage in war rhetoric and terror patronage when it faces over $22 billion USD in debt repayments (Fitch Rating...