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.
2023 brings responsibility and opportunity for India. As the host of the G20 and the Shanghai Cooperation Organization, the world will be watching closely. With this authority, comes challenges encapsulated by five C’s: Covid, Contraction, Climate crisis, Conflict and China. If India is able to use its opportunity, the year could end with India viewed as a near-great power, an international bridge-builder, and a successful democracy.
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 relevance of the Shanghai Cooperation Organisation has increased due to the clear divisions developing in the world, since the Ukraine crisis began. Several leaders will probably attend in-person, a chance to advance their regional and economic interests. India has good relations with most SCO countries, and sees the upcoming Summit as a way to secure its strategic and security objectives.
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.
The SCO foreign ministers met in Tashkent in July to plan for the all-important SCO summit in September. New additions and old issues remain, but the SCO is now growing into a significant grouping, with importance to India