Oh no, not this again.......... .........it is better that Pakistan defaults, goes bankrupt and then rebuilds itself into something much more better. Rises from the ashes. We are just delaying the inevitable. Better to deal with it now than in 20 years time.
Technically speaking Pakistan has already defaulted. When you are unable to meet your commitments, eg, payment to exporters who have sold their goods to you, you are defaulted. You are unable to pay due instalments / interests of your loan, you are defaulted. The only thing remaining is that the state of Pakistan officially announces financial default. We are now living on others income loans from ( Saudis China)