Gulf States unable to build adequate security despite large spending powers

The Gulf states have reportedly witnessed increase in public and foreign debt that amount to 40 percent of the GDP and to 7,45,000 dollars per citizen respectively, as the region`s per capita military spending is highest in the world.

Pakistan owes $53 bn foreign debt

Pakistan is under the burden of more than $53 billion foreign debt despite the repayment of over $6 billion in the last three years.