Pakistan’s economy is on the brink of collapse, and the IMF sanctioned a $6 billion loan last week on the condition that the rupee be left to perform freely.
Global Times has published several articles attributing the deterioration in India-China relations to Modi govt's attempt to secure votes in the 2024 Lok Sabha polls.
Eight months into the war, this is believed to be the first 'international' casualty to be reported. 46-year-old Waibhav Kale joined UNDSS two months ago ‘to make a difference’.
Even in the weeks leading up to Chamkila’s assassination there were massacres every other day. To airbrush all of this is sheer intellectual cowardice if not a crime.
A depreciating currency makes imports – including of military hardware – more expensive. It makes servicing of foreign debt – including loans taken for the CPEC – more burdensome, raising the risk of sovereign default. High inflation, cuts in subsidies on food and fuel, mandated by the IMF, can bring disaffected citizens onto the streets. Schadenfreude apart, a troubled Pakistan is not good for India. When governments are not doing well at home, they become a little adventurous abroad. 2. PM Imran Khan could plan a retreat with his military elite, take them into confidence, seek to secure their consent and cooperation to stabilising Pakistan’s economy and society. One hopes there is a school of thought in MEA which recognises the gains to India of normalising this troubled relationship.
A depreciating currency makes imports – including of military hardware – more expensive. It makes servicing of foreign debt – including loans taken for the CPEC – more burdensome, raising the risk of sovereign default. High inflation, cuts in subsidies on food and fuel, mandated by the IMF, can bring disaffected citizens onto the streets. Schadenfreude apart, a troubled Pakistan is not good for India. When governments are not doing well at home, they become a little adventurous abroad. 2. PM Imran Khan could plan a retreat with his military elite, take them into confidence, seek to secure their consent and cooperation to stabilising Pakistan’s economy and society. One hopes there is a school of thought in MEA which recognises the gains to India of normalising this troubled relationship.
A good time for India and Pakistan to work together, to catch up with runaway bride Bangladesh …
Some credit for this must go to sustained pressure tactics of modi-doval duo on loc,trade, international fora etc.