Many economic Indicators of Pakistan have become available for FY 2017/18. Real GDP grew by 5.8%, keeping a high growth rate mainly helped by capital investment related to China Pakistan Economic Corridor (CPEC). However, the current account deficit and the fiscal deficit have increasingly deteriorated, causing a drain in the foreign exchange reserves. Thus Pakistan is now in a situation where it is inevitable to seek for emergency loans from the IMF and related countries. In this article, I would like to explain the situation of Pakistan’s twin deficits and external debts.