Saturday, 11 May 2019

We have Faith In You.

Criticism, Point Scoring and a continuous Rhetoric in the past few days that has aimed to defame the Current Government for its inability to tackle the Economic Burden Pakistan is facing but realistically and figuratively its not all due to the Policies of Imran Khan, The Past 10 Years were an economic disaster for Pakistan and have led to the circumstances we are facing today.

In Pakistan, the challenge of stabilizing domestic economic growth has brought the country’s major institutions on together temporarily. For now, the country’s struggling economy has put domestic institutional feuds on hold. The situation has placed the ruling Pakistan Tehreek-e-Insaaf party in a position where it faces no significant threats in terms of the government being isolated or destabilized due to the intentional policies of any state institution.

One can argue that the state has put its weight behind Prime Minister Imran Khan due to the overall worsening economic conditions. Pakistan’s foreign reserves have fallen to a level that it can only afford import bills up to around two to three months from now. This situation remains even after the insertion of recent funds from states such as China, the United Arab Emirates, and Saudi Arabia.
And, to be fair to Imran, inheriting this economy must have been an 'out of the frying pan, into the fire' experience for him. The rupee was already collapsing, interest rates were rising, the equity market had crashed many times over because of the Panama case anxiety and serious foreign investors had long since packed up and left. Whether or not delaying structured IMF aid for ad hoc friendly bailouts was the right thing to do is a debate for another day, but it's a fair argument that when the fire's spreading you take whatever water you can get.
If Khan actually changes Pakistan in the ways that he has promised, it will be a greater miracle than any of those he achieved on the cricket pitch.

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