India pointed out that Pakistan has been a “prolonged borrower from the IMF, with a very poor track record of implementation and of adherence to the IMF’s program conditions”.
India abstained from the vote at the IMF, pointing out that rewarding continued sponsorship of cross-border terrorism sends a dangerous message to the global community
For the Pakistani economy, the IMF bailout is key to its economy. In the week ending 25 April, Pakistan’s total foreign exchange reserves stood at $15.25 billion.
The growth projections for the US seem to be at odds with rising probability of recession put out by various agencies. Tariffs may weigh on US & China the most.
Pakistani economists have welcomed the government's decision to fully open the economy to foreign competition by reducing average import tariffs to 7.1% over five years.
The International Monetary Fund report states that policy uncertainty has surged since 2023 & remains high, leading to projects being abandoned or stalled.
Mini deal will likely see no cut in 10% baseline tariff on Indian exports announced by Trump on 2 April, it is learnt, but additional 26% tariffs are set to be reduced.
India-Russia JV is also racing to deliver 7,000 more AK-203 assault rifles by 15 Aug. These are currently being made with 50% indigenisation and this will surge to 100% by 31 December.
Public, loud, upfront, filled with impropriety and high praise sometimes laced with insults. This is what we call Trumplomacy. But the larger objective is the same: American supremacy.
Then should we not be concerned with Per capita GDP in PPP terms. What difference does it make to the price of tomatoes if they are locally produced?