Editorial

Desperate situation needs desperate measures

The debris of cumulative economic mess of the previous two governments has fallen on the PTI government. To avoid default situation formal request for a bailout package has been made with the International Monetary Fund (IMF). A leading economist and member of Prime Minister’s Economic Advisory Council has expressed his opposition to seeking this bailout…

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Engaging India for dialogue

India is not inclined to resume the process of composite dialogue for the resolution of outstanding disputes including the core issue of Kashmir. It showed obduracy to reciprocate the peace gesture of the newly elected Prime Minister of Pakistan Imran Khan. It backed out from its announcement about the meeting of the foreign ministers of…

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KPOGCL’s Lakki bloc, trap or treasure

The long awaited Lakki Block has been eventually awarded to KPOGCL to carry on its exploration work for oil and gas and exploit the indigenous resources for the benefit of the province and then country. It is now real test for this provincial Oil and Gas Company to show its professional competence by acquiring state-of-the-art…

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IMF bailout request, US reaction

PTI led government made a formal request for acquiring the bailout package from the International Monetary Fund (IMF). The United State gave rather negative response which was not unexpected keeping in view the interview of Secretary of States Mike Pompeo with a TV network a few months ago. Application of carrot and stick has always…

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Planning Commission’s clarification

The Planning Commission released statement trying to address the worries of the global community about Pakistan’s mounting debts particularly the ones related to the projects under CPEC framework. They feel that high interest bearing loans could turn out to be a “debt trap” for it. The IMF Managing Director disclosed in a press conference in…

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FATF action plan, political expediency

Not impressed with the progress made so far, a delegation of Asia Pacific Group (APG) has asked Pakistan to do more and get its house in order so that it may get out grey-list of Paris based Financial Action Task Force. Apparently, the group found the legal frame work insufficient and the institutional arrangements weak. …

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IMF warning

After discussing various aspects of  getting finances from the bilateral and multilateral sources, PTI government thought it feasible to seek the International Momentary Fund (IMF) bail out package although it was initially indecisive about it. Prime Minister Imran Kan has directed his cabinet ministers to take people and parliament into confidence about the disastrous economic…

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APG scrutiny

The Asia Pacific Group—an FATF style regional body on Monday urged Pakistan to intensify action against the non-profit organisations suspected of giving financial aid to terrorist groups, and bring more transparency in the steps it is taking over proliferation matters. Technical experts of APG started the third Mutual Evaluation process of Pakistan that will end…

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Donors’ favourable response

Multilateral international lending agencies including the World Bank and Asian Development Bank have always extended soft loans with a fairly long repayment schedules. On the contrary bilateral sources sanctioned loans to Pakistan on exorbitant rate of interest. A comparative analysis of the world Bank funded Dasu hydroelectric project and the ones financed by Chinese loans…

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Competitive power tariff

The power tariff in Pakistan is the highest in the world due highly expensive thermal power generation which has made the goal of achieving the optimal power mix impossible unless and until the terms of agreement made with the Independent Power Producers in mid 1990s and the ones made with Chinese companies two years ago…

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