Finance Minister, Miftah Ismail considers progress on stalled IMF loan and cuts in spending as escape from current economic crisis in Pakistan without diving...
In economic terms, conventional wisdom is that foreign debt of up to 70% of a country's gross domestic product (GDP) is manageable and the risk of economic distress is low. The figure for Bangladesh is just 44%.
The US wishes to redefine its position in the Middle East ceding the region, not to Russia and China’s influence. With the multi-thematic cooperation with Israel and regional countries, the US is recalibrating the Middle Eastern order.
Various informal tactics and illegitimate ways are being explored in the political arena to sit on the throne and create obstructions for other contenders through witch-hunting and social engineering.
Two specific payments have been mentioned in the article, one by a Pakistani individual Ejaz Shafi and the other by a company owned by a Pakistani Arif Naqvi. Arif Naqvi was a regular attendee at World Economic Forum at Davos.