Pakistan, which dreamed of destroying India, has now become one of the 10 most indebted countries in the world. According to a World Bank report, Pakistan has joined the 10 countries that have borrowed the most from foreign countries or institutions.
After the corona infection, the World Bank report has brought a double whammy for Pakistan. Pakistan may now find it difficult to get loans from abroad. Under the Debt Service Suspension Initiative (DSSI), all debts of Pakistan can be suspended.
What is DSSI, what will be the effect on Pakistan?
Under this initiative, the developing countries which are in dire condition, the loans received by them are suspended for some time. This is called Debt Service Suspension Initiative (DSSI). Apart from Pakistan, countries like Bangladesh, Ethiopia, Ghana, Kenya, Nigeria, Mongolia, Uzbekistan, Angola, Zambia are included in the list of these countries.
10 countries took 59% of the total debt of the world
The combined debt of these 10 countries stood at $509 billion by the end of 2020. This is 12% more than in 2019. These 10 countries have taken 59 percent of the loans to countries around the world. Most of the institutions have now refused to give loans to these countries. That's why they now take large numbers of unsecured loans at any rate of interest. An example of this is Pakistan, which constantly borrows from China in the name of the CPEC project and its interest percentage is never made public.
Pakistan has appealed to China to waive the debt
Pakistan, which is going through the trouble and on the verge of bankruptcy, had requested China to forgive the debt about 4 months ago, but China refused to do so. The Imran Khan government had appealed to waive $ 300 million (about 22 thousand crore rupees) taken under the China-Pakistan Economic Corridor. Pakistan wanted China to waive the debt and also do the restructuring of the CPEC project.
Recruitment process will not change, award will also be available; Officers answered important questions on Agniveer
Defense Ministry again held a press conference today amid nationwide protests over the Agneepath scheme. During this, many confusions related to its recruitment process and other things were cleared.
KKR vs SRH Highlights: Hyderabad won due to Harry Brook's century, Nitish Rana-Rinku Singh could not show miracles
The team of Sunrisers Hyderabad has won its second consecutive win after a bad start in the 16th season of IPL. He defeated Kolkata Knight Riders after Punjab Kings. Hyderabad and Kolkata teams faced
Pakistan Crisis: Biden not only told Pakistan the most dangerous country in the world, but these are also the main reasons..?
Two days ago, when US President Joe Biden described nuclear-armed Pakistan as one of the most dangerous countries, the world was shocked. The big reason for this is that Biden said this at a time when
Is Imran Khan's government going to take such a big U-turn on Kashmir?
For the first time, Pakistan has formulated a national security policy. There are reports that Pakistani Prime Minister Imran Khan can release it on Friday.
Monkeypox case in China: First case of monkeypox surfaced in Chongqing city of China, people became alert
China has reported its first case of monkeypox in the western megacity of Chongqing in a traveler who had come to the city from abroad. This has been confirmed in the media report.
Shinzo Abe: PM Modi wished Shinzo Abe to be healthy, said- 'I am distressed for my dear friend'
The attack on former Japanese Prime Minister Shinzo Abe has shocked the country and the world. Almost every country is condemning this attack. Meanwhile, the tweet of Prime Minister Narendra Modi has
Fear of fourth wave in India next month: Daily active cases from Stealth Omicron reached 5 thousand to 17 thousand in China in 4 days
The world's first corona case was reported in China on 17 November 2019. Exactly 75 days after this i.e. on 30 January 2020, Corona had knocked in India. Once again, due to the BA.2 variant of Omicron
PAK vs NZ: New Zealand beat Pakistan in the thrilling third T20I, keeping hopes of winning the series alive
Thanks to the strong performance of Tom Latham (64) and the bowlers, New Zealand defeated Pakistan by 4 runs in the third T20 International match on Monday. In the match played at Lahore's Gaddafi
Delhi Unlock Update: Many restrictions including night curfew ended in Delhi, Delhi Metro started running with full capacity
After the rapid decrease in the cases of the corona, many changes are being seen in the country's capital Delhi from Monday. In Delhi, where the night curfew is over, the shops will also remain open
'I had walked alone, Janib-e-Manzil Magar...', what is the meaning of this poetic style of Shashi Tharoor?
Congress President Election News: The last date to file nominations for the Congress President's election is 30 September. Before that, there has been an uproar regarding the election. Former Madhya
