Stories about IMF

Should Saudi Arabia be a part of CPEC?

From the word go, the Pakistan Tehreek-e-Insaf (PTI) government has been under a heavy burden of expectations from all sides. As a result, they are trying to satisfy every front as quickly as they can. However, it seems that this is proving to be too much for them and they are creating all sorts of confusion. China-Pakistan Economic Corridor (CPEC) is one such project where this confusion is still brewing. Recently, news has been circulating that Saudi Arabia will be joining CPEC. It is still unclear what role they would play, whether they will be a strategic partner, an investor ...

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The $$$ conundrum: Why are currencies around the world depreciating against the dollar?

For the past few weeks, there has been an ongoing verbal war between the American President Donald Trump and Turkish President Tayyip Erdogan. The former has been pushing for the release of American Pastor Andrew Brunson from Turkish prisons. Brunson has been imprisoned in Turkey since 2016 on charges of aiding a Turkish coup against Erdogan, which was ultimately unsuccessful. Additionally, in his drive to make America great again, Trump has imposed sanctions and tariffs on Turkish imports. Consequently, there has been a drop in the value of the Turkish lira against the US dollar. President Erdogan has taken full advantage of the ...

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In the US-China trade war, Pakistan and the global economy will be the casualties

The year 2017 ended on a positive note, with some major economies leading the “broadest synchronised global upsurge since 2010”, according to the International Monetary Fund (IMF). Markets reacted positively to the improved global economic outlook, giving rise to a flare of optimism in the investor community. Halfway through 2018, however, and the global economic scenario now paints a different picture. China just lost its spot to Japan for the second largest stock market in the world, amid rising tension over the trade war concerns between the two major superpowers. Donald Trump seems to be on board to fulfil his promise ...

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Can Imran Khan fix 71 years of failed talks, bloodshed and hatred?

Imran Khan’s victory in the recently concluded General Elections went as per preordained script. The arrest of Nawaz Sharif and his daughter in a money laundering case practically sealed the deal. The Supreme Court has debarred him from contesting elections for life, virtually putting an end to the political career of the former prime minister. It is alleged that Imran enjoys the confidence and support of the establishment which paved the way for Pakistan Tehreek-e-Insaf (PTI) to emerge victorious. The opposition has questioned the legitimacy of the elections, especially where it is alleged that widespread rigging was allowed to take ...

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Move over, Marvel! Mission Impossible may be the most original, entertaining action movie franchise

It isn’t common for action franchises to actually gain momentum as they get older; more often than not, it is the other way around. However, the Mission Impossible franchise stands as a distinct exception to the rule. Five movies in, the franchise that actually began as a (then) modern-day adaptation of a corny 60’s spy show, has now morphed into quite possibly the most entertaining action movie franchise out there. Not only does it continue to defy audience expectations with its ambitious set pieces, but it also actually provides a welcome alternative for anyone who is tired of the excess of superhero ...

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Pakistan’s inclusion on the FATF watchlist is no mere symbolic gesture

After much anticipation, speculation and confusion, we now know that the Financial Action Task Force (FATF) has put Pakistan on a terrorism financing watchlist. Well, sort of. FATF decided to “grey list” Pakistan, but the designation won’t formally take effect until June – hence why FATF didn’t mention Pakistan in a report it issued last week. Admittedly, the FATF’s deliberations are opaque and its procedures byzantine. But this much is true – Pakistan is on its way to the watchlist. Pakistani financial journalist Khurram Husain, who understands FATF well, put it to me this way: FATF has passed a motion to grey list Pakistan. ...

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Of Pakistan’s strategic position and progressing economy

Pakistan’s geostrategic location is a major attraction for developed economies to invest in for lucrative returns. The country is strategically located in the crossroads of Asia with China as its neighbour in the north, India in the east, and Iran and Afghanistan in the west.  The country lies in a region which has great political, economic and military importance. Being in the same vicinity as two major powers, China and Russia, adds to its position. Similarly, Pakistan has an access to the six Muslim central Asian states through Afghanistan. These states are landlocked and Pakistan can provide a link between the Gulf States as well as African, European and Central Asian ...

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Is the Pak-Cheen dosti really that zindabad?

‘Pak-Cheen Dosti Zindabad!’ is a household anthem, isn’t it? A sea-pack, sorry, China Pakistan Economic Corridor (CPEC) appears to be Pakistan’s Achilles heel. Under this partnership, Pakistan is to receive a $51 billion investment over the course of three to eight years in the form of power projects, roads and railway upgrades, transmission lines, infrastructure, hospitals, technology and much more. Undoubtedly, such an investment is a welcome sign for Pakistan but the deal is strategically far more important to China than it is to Pakistan. We were on the brink of dragging the over-burdening economy with no imminent increase in exports, tax revenues, ...

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This Independence Day, it is time to let go of Quaid’s 14 points

In 1929, Quaid-e-Azam Muhammad Ali Jinnah gave the Muslims of India his 14 points, in response to the Nehru Report which was published in 1928 as a memorandum outlining a proposed new dominion status constitution for India. These 14 points became the cornerstone of all our SSC and HSC Pakistan Studies examinations in post-independence Pakistan and every youngster to date has read and memorised these points. However, I have always wondered why learning these points were so imperative. Are they still valid today? Surely not. They were a rebuttal to the Nehru Report, outlining what Muslims of India demanded from ...

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Are Muslim refugees destined for a life of sex slavery?

“Listen lady, if you don’t want to be whisked away to a brothel in Brussels and your three girls trafficked into pedophile rings or have their organs removed, please go back to Pakistan. Stop trying to make your way into Europe.” These were the words of British aid worker Sajad Shah to a Pakistani mother with three very young daughters. The woman was seeking asylum in Germany, along with thousands of Syrians and Iraqi refugees, after claiming she was being persecuted as a Christian in her home country. The founder of the charity Love for Humanity, Sajad Shah has been helping in ...

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