The saying ‘beggars can’t be choosers’ is quite clichéd, and yet it teaches a lesson from an individual level to that of societies and nations. To states, it is a reminder that while there may not be a choice when it comes to taking foreign aid, it inevitably compromises their sovereignty. Pakistan has remained trapped in the vicious cycle of taking short-term loans from international bodies for decades. Throughout his electoral campaign and even after assuming power, Imran Khan constantly maintained that the biggest hindrance towards Pakistan’s development is debt servicing and taking external loans. In his first speech ...
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