Monday, 8 August, 2022
Home50-Word EditTime’s running out for Pakistan economy. And its new Budget isn’t making...

Time’s running out for Pakistan economy. And its new Budget isn’t making IMF happy

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Facing a Sri Lanka-style financial crisis, Pakistan needs an IMF bailout. The IMF, though, isn’t impressed with the new Budget, saying it doesn’t do enough to cut subsidies and raise direct taxes. Fearing electoral blowback, the government’s dithered—but as stock markets plunge, and the rupee haemorrhages value, time’s running out.

Congress protesting against ED for summoning Gandhis sums up everything that’s wrong with it

Congress finally hit the streets in protest. Except, not against BJP spokesperson’s utterances that led to a diplomatic embarrassment; not against China’s intrusion into Indian territory; not against rising prices. It’s against ED for summoning the Gandhis. This obsession with the dynasty sums up everything that’s wrong with the party.

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