By Sarfraz Abbasi Published: April 29, 2019 0 SHARES Share Tweet Email It seems that the new deal with the IMF will be executed within the expected time frame. PHOTO: TWITTER/ CHRISTINE LAGARDE If we take a look at Pakistan’s history of borrowing from the International Monetary Fund (IMF), some interesting facts come to light. Pakistan’s history of knocking upon the IMF’s door started back in 1958, when General Ayub Khan first took the country to the IMF route and signed an agreement to secure special drawing rights (SDR) 25 million under a Standby Agreement. The money was never withdrawn. Not too long after, Ayub’s finance team pursued two back-to-back IMF programs in 1965 and 1968 respectively. This time, however, they ended up withdrawing around SDR 112 million, the entire agreed upon amount. This is where Pakistan officially became a new client for the IMF. After Ayub, it was Zulfikar Ali Bhutto – once the blue-eyed boy of the … [Read more...] about 22 loans in 61 years: Pakistan’s unwavering habit of going to the IMF
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By Andrew Korybko Published: February 9, 2019 0 SHARES Share Tweet Email It would be a loss of face and money for India if the Taliban seizes its many investments there in the aftermath. The clearest indication of how the Indian military, intelligence and diplomatic bureaucracies (‘deep state’) truly feel about US’s Afghan peace talks with the Taliban can be seen in India’s Major-General (R) Harsha Kakar’s recent article on this topic written for The Statesman. Intuiting India’s interpretation India, which hasn’t shied away from sounding off about all manner of international issues ever since Prime Minister Narendra Modi’s election in 2014, has been uncharacteristically tight-lipped about its attitude towards US’s Afghan peace talks with the Taliban. This led many observers to intuit that it’s extremely unhappy with this process but is applying the age-old wisdom about how “it’s better to remain … [Read more...] about Why India does not want any US-Afghanistan peace talks
By Raza Habib Raja Published: December 2, 2018 0 SHARES Share Tweet Email PM Imran, Malaysian PM Mahatir address joint press conference. PHOTO: RADIO PAKISTAN Prime Minister Imran Khan, after taking oath, has so far been on six foreign trips despite initially stating that he would not go on any foreign trips for the first three months. Perhaps given the economic dire circumstances, these trips were inevitable. The extent of success of these trips, with respect to obtaining economic aid and attracting investment, is still being debated in the national media. However, another thing which is under discussion is the way prime minister conducted himself on these trips. Like all rulers, Imran has also tried to market Pakistan by pointing towards its large young population, its investment-friendly foreign policies and strategic location. However, what he has been saying about its economic problems, institutions and opposition parties has created a lot of controversies. … [Read more...] about Who will invest in Pakistan if its head of state constantly highlights its corruption and desperation?
By Imad Zafar Published: November 3, 2018 0 SHARES Share Tweet Email A matter rumoured to be all over a cow, it ultimately led to a complaint from Azam Swati and the removal of the Islamabad IGP Jan Muhammad. Hardly a day goes by without the incumbent government making a mockery of itself with its own poor decision-making. The latest in line of a string of controversies came through its the decision to transfer the Islamabad Inspector General Police (IGP) Jan Muhammad, which came straight from the premier’s office. Getting directly involved in the bureaucracy yet again without proper procedure has proved that behind the face of the Naya Pakistan resides the same old face of power politics and nepotism. After all, this recent transfer is rumoured to be all over a cow. It all began when a neighbouring family’s cow trespassed onto land belonging to Minister for Science and Technology Azam Swati, which angered his son. He then threatened the poor family with armed … [Read more...] about In the case of common man vs misuse of power, history will remember which side Imran Khan chose
By Imad Zafar Published: October 19, 2018 0 SHARES Share Tweet Email Nawaz Shairf in a conversation with his brother Shehbaz Sharif. PHOTO: REUTERS/ FILE Shehbaz Sharif’s arrest by the National Accountability Bureau (NAB) right before the by-elections raised legitimate concerns in the opposition regarding the impartiality of the accountability institution. Currently, the leader of the opposition and president of the Pakistan Muslim League-Nawaz (PML-N), Shehbaz has been charged with misusing his former authority as chief minister of Punjab and for his alleged involvement in the Ashiyana housing scam. While he is currently under investigation by NAB, a perception has been created in the country that the PML-N is seemingly being targeted and punished for crimes other parties and politicians are exempted from. The spin wizards from the PML-N are of course using the past witch-hunts conducted during Pervez Musharraf’s regime in their favour, but the … [Read more...] about NAB’s ‘selective accountability’ is only adding fuel to PML-N’s ‘victimised’ fire