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Disaster Ahead

Disaster ahead

In my previous three articles (September 17, September 24 and October 1), I have summarised the various aspects of the IMF programme and its likely impact on Pakistan’s economy in…

The US Treasuries

The US Treasuries

Government shutdown, Federal default, these looming political threats to the US economy might scare investors to buy more US Treasuries in the coming days as they seek a shelter for…

Peace And Parity

Peace and parity

Parity. Now there’s a word we haven’t heard for some time. And yet it was a regular feature in Foreign Office statements not that long ago. Its disappearance from our…

A Poisoned Chalice

A poisoned chalice

Two recent developments have brought Pakistan’s latest IMF programme into sharp focus. The rupee has weakened aggressively against the US dollar since June, losing over 7pc. At the same time,…

Roar Of The Lion

Roar of the lion

What was the election slogan of our straw lions? “Kaun aya, kaun aya, Sher aya, Sher aya”…who is coming? the lion is coming, (lion being the election symbol of the…

Flawed Interpretation

Flawed interpretation

Dar has been particularly insistent in proclaiming that his skills on the negotiating table with particular reference to the International Monetary Fund (IMF) got Pakistan a particularly favourable deal with…

FBR’s ‘Year Book 2012-13’

FBR’s ‘Year Book 2012-13’

The Federal Board of Revenue (FBR), in its Year Book 2012-13, issued on September 23, 2013, conceded colossal failure on meeting the assigned target, but as usual blamed it on…

Gets Funnier All The Time

Gets funnier all the time

Go to YouTube, through a proxy server if you must, and click ‘Pak Tower in Ilford’ and you’ll see two tall tower blocks (plazas as we like to call them…

This Is All Right

This is all right

The pendulum of political ideology has not just moved from one end to the other in Pakistan. It has completely shifted its coordinates. It was not left-centre-right in the classical…