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.
Through film, textile, scent, sound, and gesture, spectators are invited to descend into an immersive environment where inherited knowledge seeps through material and form.
November exports to the US saw 10% growth from the previous month. Overall, in the first 8 months this fiscal, the merchandise exports to the US touched has touched $59bn.
Of the total package, $649 million will be utilised for additional hardware, software, and support services, and the remaining for Major Defence Equipment (MDE).
Don’t blame misfortune. This is colossal incompetence and insensitivity. So bad, heads would have rolled even in the old PSU-era Indian Airlines and Air India.
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.