Pakistan has landed itself in fiscal maelstrom due to its profligate rentier mindset. The country's economy is on ventilator and is literally gasping for external bail-outs. The talks with IMF…
By Lt Gen K J Singh (Retd)‘If the economic situation does not lead to its collapse, its militant groups will ensure prevention of its survival’ Part I of this essay emphasized on getting the background right,…
By Lt Gen Syed Ata Hasnain (Retd)Pakistan has for long, been heading towards a situation where it could be perceived as a failed state, or at least a state under immense strain. Everything that goes into…
By Lt Gen Syed Ata Hasnain (Retd)While the economic crisis has been in the making for over a decade in Sri Lanka, but the way it has unfolded is beyond comprehension. The visuals of citizens of…
By Maj Gen Ashok Kumar (Retd)Islamabad, Jul 17 (PTI) Pakistan is likely to get USD 4 billion from friendly countries this month to bridge a gap in foreign reserves highlighted by the International Monetary Fund,…
Colombo, Jul 15 (PTI) The IMF on Friday said that it is deeply concerned about the current crisis in Sri Lanka and hopes for a resolution of the current situation to…
Islamabad, Jul 14 (PTI) Pakistan is at a “challenging economic juncture”, the IMF has said as it reached a preliminary Staff-Level Agreement on the combined seventh and eighth reviews for…
Amartya Sen claimed on 30th June that India is facing a “collapse of nation” crisis. Ironically, it is the very institutions that Sen depends upon for credibility that are facing…
By Rajeev SrinivasanIslamabad, Jul 3 (PTI) Cash-strapped Pakistan's trade deficit has surged to an all-time high of USD 48.66 billion in the outgoing fiscal year, up from USD 30.96 billion a year ago,…
Colombo, Jun 14 (PTI) US Secretary of State Antony Blinken has assured crisis-hit Sri Lanka of support to promote American investments in the country after the completion of IMF negotiations,…
Washington, Jun 10 (PTI) The IMF has said that it is concerned by the use of food and fertilizer export restrictions by some nations which can exacerbate global price increases…
Colombo, May 30 (PTI) The World Bank is planning to disburse USD 700 million to crisis-ridden Sri Lanka by re-purposing its existing loans, a move that will help the island…