Friends say that it's all about business - they could not be more right - but some fundamentals of investing first - Would you put ever more amounts of money where the investment was not respected and worse still, where it was not PROTECTED?? After all, Pakistan's problem is not debt's, it's the unwillingness to build so that it can repay it's debts -- Consider, there is a lot of Pakistani money, more than it's debts, that thinks it is "SAFER" to be outside Pakistan (Capital Flight) - Why does it think it's "safer" outside Pakistan?
Why do owners of private capital not trust "populist" (Awam centric) governments such as the PPP ?? Because they remember what the PPP did to their private property (Nationalization) Why do Arbi business and capital not investment in Pakistan?? Because they know that when legislators are themselves crooks and willfully uneducated about national interest, why should they care more than these legislators???
If Pakistani business and capital choose "safety" when it comes to governments such as PPP, why wouldn't prudent investors in China and the world, think the same thing???
China invested in US treasury bonds, because of the ability and the WILL of the US to repay it's debts - when doubt began to come into the picture, the US has sent it's vice president to assure China that US will repay it's debts under any and ALL circumstances.
So if Pakistan desire to be considered "Worthy" of the money of others, it must first demonstrate that it values such investment and that it will protect such investment, See friends, others money is actually their "Private property", if Pakistan does not respect it's own citizens private property, who in their right mind will imagine that the Pakistan government, it's legislature, it's courts and Law enforcement, will protect the property of foreigners??
Pakistan's leadership, especially it's political elite, are essentially, crooks - but that's not the problem, the problem is that they are crooks who imagine that the rest of the world, especially Capital, are unworthy of respect and of course global capital pays it back in it's own coin.