Negotiating with the IMF
From the Blog lahoreschoolofeconomics Dr Rashid Amjad Almost three years ago in an op-ed in this paper, I wrote: "The IMF medicine has provided short-term relief, but after 25 long years it has failed to deliver. Let us not reinforce a failure and, if not wish them goodbye, then say 'au revoir' and hope we meet again in better times." Better times indeed! The fact is, we are fast running out of foreign exchange reserves. And with friends reluctant to bail us out, another IMF programme seems increasingly inevitable. Indeed, the finance minister has now declared after meeting with the IMF Chief that we will be starting negotiations on a new programme. An important question to ask is why, after over a dozen IMF programmes in the last 30 years, we invariably end up with an unsustainable fiscal and current account defpakistanblogs.blogspot.comRead Full Post
Hot Picture Update
From the Blog pakistanimodelsFrom the blog Islamabad Girls : Hot Picture Update, (part of the PakistaniModels.blogspot.com Network) To see pictures, click the headline above.pakistanblogs.blogspot.comRead Full Post
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