Prime Minister Imran Khan says his government has taken several initiatives for wealth creation so that it could get rid of heavy foreign loans with a strong emphatic assertion: “We want to create more and more wealth to retire heavy foreign loans some of which are causing more loans.” In December, the Fitch Rating had downgraded Pakistan’s long-term debt rating from ‘B’ to ‘B-’ due to what it described as a high debt repayment obligation, low foreign reserves and fragile fiscal situation. Since then foreign exchange reserves have continuously improved on the back of a surge in workers home remittances, foreign financial inflows and significant rescheduling of debts.