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The mistakes of the past are being repeated according to Dr. Mian. The reliance has continued to be on external borrowings, with IMF support and maintenance of an over-valued Rupee which severely hampered exports. Today Pakistan’s debt has the lowest maturity among peer countries. As a result, inflows continue to be short-term with maturities in the 3 -12 month range. Of the foreign investment of US$2.25 Billion only US$24 Million went towards the longer term Pakistan Investment Bonds (PIBs)
What has been done to Kashmir and the atrocities and repression being committed there is being seen by the world. The brutality with which protests are being put down by Indian police is also being condemned widely. The long term repercussions for India is something that Indians need to judge for themselves. They should also see what impact this is having on their police and security forces--though this is not something new.
By James M. Dorsey A draft US resolution that would designate a Pakistani militant as a global terrorist threatens to be China’s, and possibly Pakistan’s...
By Adnan Aamir On 28 June, Financial Action Task Force (FATF) put Pakistan on its “Grey List”. The country now has up to 15 months to improve...
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