Brief by Shorts91 Newsdesk / 05:25am on 08 Jan 2026,Thursday International
Pakistani Defence Minister Khawaja Asif claimed Pakistan won't need IMF loans within six months due to surging fighter jet orders following the May 2025 India-Pakistan mini-war. However, experts dismiss this as unrealistic. Political scientist Ayesha Siddiqa noted Pakistan only manufactures 35% of JF-17's airframe, sharing revenues with China. Pakistan's total debt exceeds $280-300 billion, with debt servicing consuming over half of federal revenues. Economist Qaiser Bengali stated Pakistan has "already defaulted," surviving only by taking new loans to repay old ones. Pakistan recently sold its national airline PIA for Rs 4,300 crore under IMF pressure, contradicting Asif's optimistic claims about economic independence through jet sales.
