Provided by a contributor to Take Back Pakistan Recent reports in the western media indicate that Pakistan needs as much as $10 billion to avoid an economic meltdown and Pakistan’s foreign currency reserves are: falling fast and if forward liabilities are included, the real reserves may go down to $3 billion. This cannot meet the import bill of [...]
The presidential referendum in Pakistan has come and gone. As quickly as the drama enveloped the country it has been forgotten. The Pakistani nation is disappointed and fed up with the antics of the ruling classes and the referendum served only to confirm their suspicions. As expected, General Musharraf made a heap of populist promises. [...]