It’s been a decade since the International Monetary Fund preached its damaging elixir of currency devaluation and tax hikes to Asian nations in financial crisis. As Pakistan’s economy teeters, the IMF is once again on the scene with familiar policy prescriptions. This is no time to recycle past mistakes.
Like Ukraine and Iceland, Pakistan is in [...]
In the 9/11 terrorist attacks on twin towers in New York in which about 3000 persons died, no Afghan or Pakistani was involved. All the 19 perpetrators of the crime were Arabs, mostly hailing from Saudi Arabia. Yet the wrath of USA fell on Afghanistan for a bizarre reason that the so-called master mind behind [...]
ISLAMABAD, Pakistan — Take a restive, nuclear-armed nation with an untested new government, an escalating Islamic insurgency, long-standing tensions with its neighbors and an economy in free fall for months.
Then add in a global financial crisis. Some analysts and diplomats fear that Pakistan could come to exemplify a perilous new phenomenon: a strategic but unstable [...]
In the first two parts of the essay, ‘are we ready to eat grass?’ a bird’s eye view of security perspectives arising out of a Pakistani mindset have been discussed. The question that now arises is, ‘do we have the potential to grow the grass we intend to eat?’ In this regard an interesting development [...]