Why Pakistan is a Failed and Bankrupt Nation in the Asia?

[Anonymous]

Pakistan Separated from India in 1947, After 70 years India became 5th Largest economy of the World with 4th Largest Foreign Reserve, Yesterday India's space craft landed on The Moon's south Pole, On the contrary, Just along side of the Border, Pakistan has became a Failed nation and a defaulter and Bankrupt country !

After SriLankan, Only Pakistan is a beggar country who keep begging $ 1 Billion dollar or $2 billion dollars for its Survival... Why? Why Pakistan economy has collapsed?

do you think supporting Terrorism is the main cause?

Updates

+1 y

@jshm2

[Anonymous]

Cause they are a "Muslim" country who would torture any person of other religion in their country

So Karma!

[AngryCarl2]

In a word, corruption. Any nation where corruption is institutionalized ends up going broke.

[Anonymous]

Pakistan was born out of hate and intolerance? Hate for India/Hindus really isn't enough to hold a country together. Otherwise Bangladesh would still be East Pakistan.

[Zeyra]

Forgive me I do not know too much about this topic, but I heard somewhere that Pakistan had over 5 trillion loans to pay. And then they have to pay interest. As a result, this is making them poorer and poorer. 1 USD is more than 300 PKR now.

[Asker]

Yes correct... but does it happen over night?

[Zeyra]

Hmm... them being poor and everything happened overtime, though it may have gotten worse overnight.