Dar, 72, is a chartered accountant who had served as finance minister thrice in the past. He faces the daunting task of stabilising Pakistan's economy which has been in a tailspin.
Pakistan rupee depreciated by 50% in Dec 2017-July 2019. With forex reserves left for one-and-a-half months of imports, Pakistan faces balance of payments crisis.
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.
Beneath the uniform and the gallantry award was a man of rare humility. There was no trace of bravado in Colonel Sonam Wangchuk, no attempt to wear his achievements on his sleeve.
We now live in a world order that will keep shifting. India must use this window. This also means we remain disciplined enough not to be knee-jerked into reacting to what Pakistan sees as its moment in the sun.
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