After months of negotiations and setbacks, Pakistan is likely to get IMF loan tomorrow. Pakistan who is on the verge of bankruptcy is yet to see the worst since the IMF wants Pakistan to raise its tax to GDP ratio and contain losses at public enterprises. This will highly impact the Pakistani people, who will be forced to pay higher electricity and water bills since the total dues which Pakistan has to settle is now 83.3 billion dollars. Pakistan reaching bankruptcy could result in Pakistan selling land and assets to China who has been eyeing the Gwadar port and vast tracts of Gilgit Baltistan and CPEC projects.
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