Danger of bankruptcy is hovering over poor Pakistan, hands extended in front of China for help

For the last several months, the situation in Pakistan is very bad. Pakistan is now counted among the poor countries. Many people in Pakistan have become dependent even for things of daily need. The situation in Pakistan, which is facing a financial crisis, is going very badly. Pakistan is buried under the burden of debt. Pakistan is deeply in debt at this time. The debt in Pakistan has increased so much that the back of the country's economy is broken. The economic situation in the country has completely collapsed. The inflation rate has increased a lot in Pakistan due to which the people there are also very worried. Every effort is being made by Pakistan to repay the loan, but none of the efforts are working.
The debt in Pakistan has increased so much that the crisis of bankruptcy is also hovering over the head of Pakistan. Pakistan has also sought financial help from the IMF several times, but things did not work out. Due to a lack of financial help, Pakistan is moving towards bankruptcy.
At present, a big economic crisis is going on in Pakistan. To avoid this crisis, Pakistan has extended its hands in front of its old ally China. Pakistan's Finance Minister Ishaq Dar held a meeting with Pang Chunxue, in charge of China's Diplomatic Affairs, on Monday, 12 June.
Pakistan has requested China for the help of about 1.3 billion dollars. Pakistan wants financial help from China as soon as possible so that it can repay the old debt and increase its foreign exchange reserves.