This refers to the news story ‘After clinching deal with IMF: Pakistan plans to generate around $10bn in loans’ (July 15, 2022).by Mehtab Haider. It is ironic that after 75 years of ‘independence’ our governments announce foreign loan deals with fanfare and pomp. Not long ago the ex-prime minister proudly announced that his government clinched a very handsome loan deal with Saudi Arabia, despite the fact that this same prime minister always criticized his predecessors for requesting and acquiring international loans.
Going into debt is a very risky step and should be a measure of last resort. Hence, it is disappointing to see our leaders celebrating new loans.
Anas A Khan
Edmonton, Canada
Iran’s decision to opt for negations instead of military confrontation with the US is a sensible option. The latter,...
If inflation is indeed declining, it is important to ensure that the benefits of this trend are actually passed on to...
This letter refers to the editorial ‘Pope of the people’ . As the title suggests, the late Pope Francis was a...
History has witnessed the rise and the fall of great powers. After World War II, the world entered into the cold war...
In every flourishing society, merit serves as the cornerstone of progress. A nation cannot move forward if its most...
Cheating during board examinations is a widespread problem in Pakistan and undermines the integrity of the country’s...
