When looks through the small window above point are right but why Pakistan elites are unable to read the larger picture ? I don't think without someone getting support for US or China can do this.
A weak & unstable neighbouring Nuclear State in not good for both China & India.
Though weak economic condition of Pakistan is good for India since we doesn't have economic roll to play but for China, Pakistan is most reliable economic partner, they are the Model for success of Chinese Infra Projects throughout the world.
But, more they are politically unstable not good for India as we culturally & religious more related to each other and a small fire can flare up and put entire South Asian into a Nuclear flash point Zone.
In PDF for past 10 years it was claimed that CPEC was a game changer and anyone claimed otherwise were called either Indian or traitor, now that game changer turned into tariff changer.
Its true that an outsider like you and me can freely discuss about situation of Pakistan with or without understand the ground realities, issues & facts but atleast we can have a healthy debate about what went wrong and what they can do to improve conditions of people who are struggling and became pawns of this game.
In 1991 when India had faced default situation four pillars of democracy i.e., the Legislature, Executive, Judiciary and the Media played their roll. There were many oppositions but, a right political will shown by the leaders of that time let India to overcame that situation and now Pakistan need such a will power to overcome this problem.
Pakistan's problems are due to
1: Voter preferences of Pakistanis in regard to Economic Policies are absolutely suicidal, so any truly democratic leader has to do at least some of what they want, ruining the fiscal position of the country.
Examples: Subsidizing just about all forms of consumption, while running an insanely low tax to GDP ratio.
2: The Pakistani Military Establishment hates popular and competent leaders, as they undermine their control of the system.
It's less of a problem when they get rid of the popular but incompetent leaders but is an enormous problem when they continually get rid of popular and competent leaders, like Nawaz Sharif.
This increases the incidence of point 1.
3: The country is totally incapable of having smooth power transitions, which leads to destroying large portions of any positive progress while also causing the destruction of foreign confidence in Pakistan's economic conditions.
4: The Pakistani Military Establishment throws a spanner into everything whenever Pakistan is unlucky and get a U.S. puppet COAS. This leads to the kneecapping of any development that China tries to do in Pakistan whenever that happens.
5: Nearly every level of Pakistan's government bureaucracy is relatively incompetent, adding various percentages of inefficiencies in both cost as well as time consumed.
6: China suffered from enormous amounts of both Dunning Kruger, not knowing that China actually has the most competent, effective, flexible, competitive state bureaucracy on earth in a large country, as well as the problem that their Socialist ideology blinded them to the cultural differences outside of the Sino-sphere.
This means most of the things China planned in other countries actually require far more competence than similar programs from institutions like the IMF and World Bank, which operate on a colonial model, where the IMF and World Bank directly dictate nearly all actions of the country in which the particular program or project happens to be in.
China operates more or less on a Government to Government or even a Contractor to Government relationship with their projects, which means they respect the sovereignty of the countries that the projects are in.
This means they do not intervene to force countries to be competent.
This, combined with the problem that China's closest countries, like Angola, Venezuela, Pakistan, etc. are thoroughly incompetent, is what is the main problem with the BRI/CPEC.
7: The entire English language media is controlled by the global hegemon, the United States, which means all countries that have either most, or at least most of the elite being English speaking are totally or near totally colonized passively constantly and continually.
8: The local political climate in democracies leads to the international lies with regard to China's development help in other countries being demonized, as that is one of the easiest ways to run a political campaign and will likely get you U.S. backing.
