ISAS Working Papers

Pakistan's education crisis apart, its economic managers have not succeeded in reducing dependence on external capital flows. While the country will continue to receive significant amounts of capital from the multilateral banks, and while it will possibly continue to get help from the IMF, it is unlikely that it will receive much financial assistance from the United States, its largest benefactor in the past. Nations seldom forge relations for sentimental reasons. They do so for strategic interests. Notwithstanding the hyperbolic pronouncements of the leaders of China and Pakistan about the nature of their relations, the two countries have strictly followed their national interests.