In the last post we had discussed how Pakistan’s economy is headed for the doom. The reasons are many and the options limited. Here is one video from the Wall Street Journal which explains Pakistan’s dilemma from the perspective of how it is again becoming a proxy for the battle between two super-powers. Reminiscent of the 1980s.
The interesting thing is that if Pakistan goes with China, then it loses the biggest loan option – i.e.; the IMF. And if it goes with IMF, it is most likely that it will have to scale back the China factor – specifically the CPEC (Chinese Pakistan Economic Corridor). The choice is hardly there for Pakistan. In both the cases, their country is on the block for the highest or the strongest bidder.