Debt-Free Futures for Developing Nations I Pakistan's Aid-Debt Trap

[@ashitpatel4077]

Pakistan's debt remained low from 2000-20012 because of no policy but world interest rates were near zero, so we were getting free money; now, the interest rates of the US are high, so Pakistan is screwed. This is true for all countries. During low rates, Pakistan did not build its export industry but was happy to spend money it borrowed with zero rates.