Pakistan is caught in the deep web of economic crisis and now it is getting shocks from its friendly countries as well. China and Saudi Arabia, which have been Pakistan's long-time friends, have now decided to withdraw from investing in Pakistan.

Economic condition of Pakistan:

Pakistan is facing a severe economic recession these days, due to which there has been a rebellion going on there for a month. Seeing this situation, foreign investors have also started distancing themselves from Pakistan. Now China, Saudi Arabia and the United Arab Emirates have also stopped giving funds to Pakistan.

Stopping investment from China and Saudi Arabia:

China and Saudi Arabia have decided to stop investing Rs 1.82 lakh crore in Pakistan. Last year, China had talked about investing an additional Rs 1.42 lakh crore in Pakistan, but now it has stopped that too. China says that the security situation in Pakistan is not good. Terrorist attacks are taking place on Chinese engineers in Pakistan, and Pakistan is not able to provide them security.

Pakistan's relations with Saudi Arabia have also deteriorated. When Shahbaz Sharif became PM, he made his first visit to Saudi Arabia. Saudi Arabia had earlier promised an investment of Rs 2 lakh crore in Pakistan, but now it has come down to Rs 40 thousand crore and now this investment has also stopped.

Reasons for stopping investment:

China has ignored Pakistan's Army Chief General Asim Munir, Prime Minister Shahbaz Sharif and Finance Minister Aurangzeb. The main reason for China's displeasure is Pakistan's growing closeness with America. Continuous attacks in Balochistan and Khyber Pakhtunkhwa have also increased China's concern. There is protest against the China-Pakistan Economic Corridor (CPEC) here, due to which China is avoiding investing in Pakistan.

UAE also gives a shock to Pakistan:

After China and Saudi Arabia, now UAE has also given a big blow to Pakistan. UAE had announced an investment of Rs 83 thousand crore in Pakistan, but now this investment has also not been able to move forward. Saudi Arabia is now planning to invest Rs 8 lakh crore in India, which can strengthen its partnership with India.

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