I see no point on arguing who is doing better pakistan vs Bangladesh. We are both at the bottom of gdp per capita charts. Where bangladesh is still dirt poor with less than $3k per capita, pakistan with less than $1500 assumably at no better place. Its like a slum dweller is arguing with a homeless who is 8jliving a posh life. Better we talk about where our countries will be in next 10- 20 years. Are you having progress or going back. We need to workout proper distribution of wealth in bangladesh and pakistan should look at why their economy is going backwords as how to tackle the eminent economic collapse of going bankrupt. Hope pakistan passes this critical time well. As a banker I can only say this dont take loans you cant service, if you already have then dare not default on it.
It will take pakistan some time to bring its gdp ratio down by paying back existing loans. This will seriously hamper its development but it is essential that pakistan look at long term sustainable growth rather than competing with india and bd now. Its a long race and you can catch up later with increasing your speed and Bangladesh is a prime example. But in short term it should focus on avoiding bankrupcy as this will take pakistan decades back.
Its evident that pakistan politicians have brought home way more white elephants with foreign loans compare to us. Cutting down spending on overambitious infrastructure with questinable economic returns need to be revised and bringing down debts should be a priority.
Trust me,No bangladeshi wants a failed pakistan though we have a history. A bankrupt pakistan will create a major imbalance of power in south asia. Hope that doesnt happen.