Is Pakistan Bankrupt? According To Defence Minister Of Pakistan, The Country Has Already Gone Bankrupt

Is Pakistan in fact bankrupt? Or is that how it will be? However, according to Pakistan's defense minister, Khawaja Asif, his country has already fallen into the category of bankrupt countries. 

According to Khawaja Asif, the country is already bankrupt, and the solution to the country's bankruptcy is not outside or in the hands of the International Monetary Fund (IMF), but rather within the country, because the country has been robbed and looted by its own masters, and masters must pay it back. 

Because of that, he blamed the establishment which means the country's army generals, who are looting Pakistan since its inception by manipulating the country's constitution and rule-based order of the country. He also blamed politicians and bureaucracy to bring the nation to its knees. 

Pakistan is one of the most corrupt nations on earth and its ranking in the corruption index is 140 among 180 nations. The country's generals are looting the nation in the name of security and then leaving the nation after completing their service and investing billions in the food chain business, IT business and some buy islands in western and eastern rich nations. 

Politicians are no exception; the majority of politicians have businesses in the United Kingdom, Canada, or Australia. Their families live a lavish lifestyle, and their children attend expensive schools and colleges in those countries.

The defense minister Asif knows this and he has spent 33 years in Pakistani politics and witnessed the country's disgraceful politicians for 32 years. 

Asif also stated that Prime Minister Shehbaz Sharif will announce major austerity measures in all government institutions to control the fiscal deficit by reducing government spending.

Meanwhile, the opposition has suggested that the government make some bold decisions and implement austerity measures in order to get the country out of the economic crisis.

However, Pakistan has reached a point of no return. Even today, swindlers in Pakistan's economy profit from dead carcasses all over the country. The FBR has ordered a total of 155 luxury cars worth 1.6 billion Pakistani rupees for office use, and Pakistani billionaires are also importing useless cars during this crisis.