Why not a Marshall plan for Pakistan?

IMF and Argentinian financial melt down.

The story of Argentina’s financial melt down reported today, as below:

[Argentina faces March deadline to Pay $ 30 billion.
Link:- https://www.dawn.com/news/1535971/argentina-faces-march-deadline-to-pay-30bn

Argentina is battling to avoid another situation like 2001 when it defaulted on $100bn, becoming a market pariah.

The country currently owes $311bn – more than 90 per cent of its GDP.

It’s hoping to renegotiate $195 billion, including the $44 billion it owes the IMF.]

is a clear warning and writing on the wall, which loudly announces that international loans are a sure recipe for financial disaster, economic melt down and bankruptcy of any nation, more so Pakistan, which is (for about 40 years) under unabated shadows of war and terrorism since 25 December 1979, when the USSR invaded Afghanistan and about which our own governor SBP said on 20 February 2020 that Pakistan stood with Afghanistan, Sudan, Yemen and Ethiopia in terms of exports adding that with this trend, no country could be run successfully. The authenticity of Reza Baqir’s statement can be gauged with the fact that as on today (22 February 2020):

• One PKR was equal to 0.50 Afghani
  
• One PKR was equal to
  0.34 Sudanese pound
  
• 0.62 PKR was equal to 1 Yemeni Rial
  
• 4.87 PKR was equal to 1 Ethiopian Birr

In this regard, I have personally requested Dr. Zubair Khan [ who has approached the Supreme Court against very high interest rate of 13.25% https://tribune.com.pk/story/2159153/2-ex-imf-official-challenges-high-interest-rate-sc/?amp=1 ] to also take up the matter with IMF and the Supreme Court that although, Pakistan took IMF loans to repay their old loans, yet, IMF is charging service charges ($51.6 million over $6 billion) besides the INTEREST on its loans.

As such, Pakistan must immediately inform the IMF that under the circumstances the service charges must not be demanded from Pakistan, as a special case and in recognition of its almost four decades of sacrifices, as a front line state against the world’s war on terror in Afghanistan, resulting in almost a trillion dollars accumulated loss to its economy and opportunity costs, incurred for almost four decades, which also resulted in deaths of about seventy thousand civil and military persons and severe injuries to about three times of the fatalities.

In view of the foregoing, it is incumbent upon the world community to collectively help Pakistan, rebuild its total infrastructure, with a Marshall plan type scheme, to turn this country (which didn’t even demand overflight charges of about $400 billion from America and 49 other NATO countries in 40 years war on terror) into a bastion of peace and tranquility in the whole region, rather than again ditching Pakistan, as was done after the withdrawal of the Soviet forces from Afghanistan.