When Pakistan isn’t blaming India for its failures, it’s begging the world for bailouts.
On May 9, the Economic Affairs Division of Pakistan made a public appeal to international lenders—again—asking for more loans due to “heavy losses inflicted by the enemy” as war tensions with India escalate. The tweet even tagged the World Bank, a move that reeked more of panic than diplomacy.
Govt of Pakistan appeals to International Partners for more loans after heavy losses inflected by enemy. Amid escalating war and stocks crash, we urge international partners to help de-escalate. Nation urged to remain steadfast. @WorldBank #IndiaPakistanWar #PakistanZindabad
— Economic Affairs Division, Government of Pakistan (@eadgop) May 9, 2025
Pakistan’s Economic Freefall: A Self-Inflicted Crisis
Pakistan’s economy wasn’t exactly thriving before the war. With over $125 billion in external debt, foreign reserves below $5 billion, and inflation above 30%, the country was already on financial life support. Even after securing a $3 billion IMF bailout in 2024, Pakistan struggled to meet reform conditions like subsidy cuts and tax hikes.
Now, with the stock market crashing and the rupee tumbling, it’s using war as its latest excuse for economic ruin. But here’s the irony—India is thriving under global pressure, while Pakistan collapses under the weight of its own decisions.
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The IMF-Pakistan Soap Opera
This isn’t Pakistan’s first loan request. It’s the 23rd. And each time, the promises are the same: “We’ll reform.” But like clockwork, mismanagement, military spending, and corruption derail progress. This time, the IMF and World Bank know better.
As Bloomberg reported, Pakistan’s past bailouts did little more than delay the inevitable.
While Pakistan pleads, India builds. While Pakistan blames, India delivers. Whether it’s 5G rollouts, AI leadership, or record-breaking FDI, India is leading the Global South, not borrowing from it. The West can no longer pretend both countries are equals. One is a democracy with ambition; the other is a military-run economy on repeat.
Pakistan’s appeal for help is not a humanitarian crisis—it’s a pattern. And this time, even their old friends may be too tired to answer the call. The truth? India doesn’t need war to win. Pakistan only needs peace to survive. But that might be too high a price for their generals to pay.
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