My last column addressed two local rivals: Imran Khan and Maryam Nawaz.
Today, let us address two international rivals-China and the US in the context of Pakistan.
The idea of writing a column on this topic struck my mind when China questioned the monopoly of lending institutions and governments, saying that developed countries’ financial practices are to blame for the worsening economic status of other developed countries, particularly Pakistan. Yesterday, a representative for China’s Ministry of Foreign Affairs told Bloomberg that Beijing has been giving economic and financial assistance to Pakistan and will continue to do so. He told Pakistan that China will continue to assist its efforts to preserve economic stability, enhance people’s lives, and achieve progress. Without identifying America, he stated that due to a specific developed country’s extreme financial practices, Pakistan and many other developing nations are suffering great financial challenges as a result of being in debt.
China and Pakistan have traditionally stood by one another through difficult times. China encourages all parties to work together to help Pakistan achieve economic and social stability. The majority of developing nations’ debt is owed to commercial lenders controlled by Western countries, as well as international financial organizations that follow the lead of these big countries. Given Pakistan’s economic position, lending financial institutions and countries should step forward to assist and support the country.
This statistic demonstrates that US policies control the IMF and other international financial institutions. When authorizing a rescue plan for a country, they consider both American interests and the conditions that bind bankrupt countries.
These are based on dictation from the United States. The objective of the financial institution rescue package is also to keep the individual nations’ economies linked according to American demands so that no sense of self-righteousness can be formed in them and their freedom and independence may be seen dancing on American signals. The United States, as the world’s sole superpower, has believed it has the right to dictate to other countries in a way that protects its interests without jeopardizing other countries’ freedom and independence. To safeguard its interests, the US has granted itself the authority to attack the security and sovereignty of any other country, in violation of international rules, treaties, and the UN Charter.
Although the UN Charter acknowledges each member country’s equal position and mandates respect for each country’s sovereignty. Yet, the United States disregards the UN’s resolutions, decisions, and conventions and attempts to rule this representative international institution according to its whim. It also dictates to other countries regarding nuclear technology through the Nuclear Club, and countries that acquire or attempt to acquire nuclear technology against their will are referred to the UN under the dictates of the US, and these countries continue to be subject to global economic sanctions imposed by Pakistan, Iran, and North Korea, which had to come under global economic sanctions for acquiring nuclear technology based on their needs.
On the contrary, India and Israel are the US’s “blue-eyed offspring,” receiving US support and approbation for their aggressive expansionist efforts against Pakistan and the Arab world. The IMF and World Bank also adopt debt policies based on US directives, therefore global uncertainty is growing as a result of American actions. His buffalo idea is taking off.
Without a question, China is well aware of the scenario, which opens the door for regional and global cooperation to defend the global and regional balance of power from being disrupted by the US, and as a member of the UN and the IMF, it plays a role in bridging American expansionist aspirations.
Since the beginning of Pak-China friendship with China’s independence, the two nations have shared interests in regional growth, security, and stability, which has made Pak-China friendship sweeter than honey, deeper than oceans, and higher than the mountains. Now, the Pakistan-China friendship has also become a guarantor of regional peace and security. America’s claim to be a superpower is disintegrating against the backdrop of China’s strong and dynamic position in the area, as well as the rewards of Pakistan-China friendship in the region, thus it is busy attempting to disturb the regional power balance by financing India.
In this context, our goal is to obtain financial assistance from China and Muslim Brotherhood nations to stabilize our economy and reduce our reliance on the IMF. Burdened by debt, our economy will be able to stand on its own; only then will it be feasible to solve the country’s financial woes, poverty, and inflation. To achieve this aim, China is standing shoulder to shoulder with us and asking developed nations, particularly the United States, which has granted Pakistan IMF loans, to move forward and offer financial support to Pakistan.
