IMF exposes Pakistan’s real indebtedness
To qualify for the IMF’s latest bailout, Pakistan has had to share accurate information on its economy including its debt to China. This confirms the speculation of Pakistan’s gigantic indebtedness to China.
To qualify for the IMF’s latest bailout, Pakistan has had to share accurate information on its economy including its debt to China. This confirms the speculation of Pakistan’s gigantic indebtedness to China.
The Shanghai Cooperation Organisation's growing importance is seen in the numerous new applicants waiting in line for membership. The 23rd SCO Summit hosted by India on July 4 saw progress in areas like digital transformation and economic cooperation. However, timidity in acting on foundational issues like anti-terrorism reflects the internal contradictions and tensions within member states - a continuing challenge for SCO.
Why Pakistan won’t deal with the IMF even in the face of hardship and a shrinking economy reveals something - that its military and civil elites refuse to curtail their rapacious behaviour, even at the cost of their country’s peril.
Tilak Devasher's book The Pashtuns: A Contested History delves into the Pashtun tribe, highlighting its geopolitical significance and far-reaching consequences in the South Asian region. Reviewer Tim Willasey-Wilsey says the book brilliantly explains how the Pashtuns were strong-armed into joining Pakistan and why the prospect of Pashtun unity poses a threat to security in Pakistan and the entire region.
India’s economy is looking bright, but there is a shadow in its neighbourhood. Pakistan’s fast deteriorating political and economic condition can create fresh uncertainties for India on the national security and economic security front.
Tilak Devasher’s book on the Pashtuns brings out the dynamics of the Pashtun, their code, their relationship with Islam and with Pakistan. It contextualizes the current geo-political challenges in South Asia, making it required reading for those who want to understand not only the Pashtuns but regional strategic and security dynamics.
The genesis of Pakistan’s current political and economic problems lies with the pre-1947 Pakistan movement. But, its immediate problems stem from the political engineering done by the Pakistani army to install a hybrid regime led by Imran Khan who, they realised much later, was unable to deliver either on the economy or on governance.
Low global commodity prices, strong FDI inflows, and sustained growth have boosted the Indian economy in the preceding decade. This favourable economic climate, however, was disrupted by the pandemic and the crisis in Ukraine, exposing vulnerabilities in the global economic system. This paper focuses on India’s economic security challenges, particularly in six sectors - Food, Energy, Finance, Data, Space & Undersea Cables and Critical Minerals - and suggests possible courses of action.
Pakistan’s latest economic survey reveals the extent of the country’s indebtedness to China. High-interest Chinese loans, reckless multilateral borrowing, and ever-increasing defence budgets have deleteriously impacted Pakistan’s finances. Any lasting solution to these problems will have to involve China.
Narendra Modi has completed eight years as the Prime Minister of India. His tenure has seen a strengthened and transformed Indian foreign policy. In his book, Crunch Time: Narendra Modi’s National Security Crises, author Sreeram Chaulia studies India’s national security crises under Modi, and his handling of it. His main argument that Modi was more decisive than his predecessors in dealing with China and Pakistan, holds.