Five reasons for Indo-Pak LoC trade suspension, from Balakot to Bankrupt Pakistan | Nation at 9
  • 5 years ago
Pakistan is now bankrupt. Imran Khan has sacked his finance minister under pressure. Today, India has tightened the screws by barring cross loc trade. This will not only hit the last remaining vestiges of trade with India after the 200 per cent import duty imposed two months ago but also cut Pakistan's illegal trade lifeline on drugs and fake notes and terror supplies. Yes, when it comes to Pakistan, these have to be considered as mini-economies. The Pakistani's have run out of loans from the Saudis, Dubai and China. They can no longer afford to pay them, more are not forthcoming. An IMF bailout would require huge changes within Pakistan, including the floating of the Pakistani rupee. The terror funding task force is breathing down their backs, so global sympathy is limited. India's real victory will not be in Balakot, will be here in ensuring that Pakistan pays the highest price. So what happens when Pakistan goes under. Like Sri Lanka, they are likely to be forced to sell their assets and large tracts of land along with the CPEC corridor. The might hand over more territory to China like the Tajiks had to do in 1999 to write off their debt. The shaksgam tract has already been ceded by Pakistan to China. For us, this is Indian soil. Larger parts of the 70,000 sq km region may be ceded to China. This has a direct bearing on India. Pakistan's GDP growth is falling, their own government says it will fall further. So will this weaken the Pakistani military grip, or will they just use Imran to absorb the outrage and discard him and tighten their grip as the Pakistani people suffer.
Recommended