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FOREIGN DEBT AND ITS IMPLICATIONS FOR PAKISTANS NATIONAL SECURITY

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08 Pages : 107-127

http://dx.doi.org/10.31703/grr.2018(III-I).08      10.31703/grr.2018(III-I).08      Published : Dec 2018

Foreign Debt and its Implications for Pakistan's National Security

Abstract

    National security implications of the rising government debt in Pakistan increase concerns about military powers such as the USA and industrial giants such as Japan. This paper examines the unprecedented rise and abundant use of debt by governments since 2008. Apart from economic sustainability risks of the debt, the paper also traces history of Pakistan's search for national security since 1947. Pakistan achieved nuclear capability in the face of opposition from the USA. There are fears that in the presence of huge external debts and low capacity to service them, Pakistan may not be able to take independent decisions regarding national security. The paper offers recommendations to overcome the threats

    Foreign Debt, National Security, Exacerbation, Sanctions, Legislation

    (1) Rafaqat Islam
    Faculty of Institute for Strategic Studies,Research and Analysis (ISSRA), National Defence University, Islamabad, Pakistan.
    (2) Sarfraz Hussain Ansari
    Assistant Professor, Department of Government and Public Policy, Faculty of Contemporary Studies, National Defence University, Islamabad, Pakistan.
    (3) Shahzad Hussain
    Assistant Professor, Department of Government and Public Policy,Faculty of Contemporary Studies, National Defence University, Islamabad, Pakistan.
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Cite this article

APA

CHICAGO

    CHICAGO : Islam, Rafaqat, Sarfraz Hussain Ansari, and Shahzad Hussain. 2018. "Foreign Debt and its Implications for Pakistan's National Security." Global Regional Review, III (I): 107-127 doi: 10.31703/grr.2018(III-I).08

HARVARD

    HARVARD : ISLAM, R., ANSARI, S. H. & HUSSAIN, S. 2018. Foreign Debt and its Implications for Pakistan's National Security. Global Regional Review, III, 107-127.

MHRA

    MHRA : Islam, Rafaqat, Sarfraz Hussain Ansari, and Shahzad Hussain. 2018. "Foreign Debt and its Implications for Pakistan's National Security." Global Regional Review, III: 107-127

MLA

    MLA : Islam, Rafaqat, Sarfraz Hussain Ansari, and Shahzad Hussain. "Foreign Debt and its Implications for Pakistan's National Security." Global Regional Review, III.I (2018): 107-127 Print.

OXFORD

    OXFORD : Islam, Rafaqat, Ansari, Sarfraz Hussain, and Hussain, Shahzad (2018), "Foreign Debt and its Implications for Pakistan's National Security", Global Regional Review, III (I), 107-127

TURABIAN

    TURABIAN : Islam, Rafaqat, Sarfraz Hussain Ansari, and Shahzad Hussain. "Foreign Debt and its Implications for Pakistan's National Security." Global Regional Review III, no. I (2018): 107-127. https://doi.org/10.31703/grr.2018(III-I).08