Pakistan Economic Crisis Explained: Bhutto’s privatization, 23 IMF bailout packages, and overestimation of its geostrategic importance made Pakistan a failed economy.
Story of Pakistan in the IMF debt trap dates back to Ayub Khan, who got 3 IMF bailout packages. Today, 45% of all budget goes to loan repayments.
Poverty in poor countries is caused by big economies which exploit the poor using IMF, WTO, and, WB, etc. They don’t need charity but justice