It appears that Pakistan will accept the IMF demand to increase its discount rates by 3 to 4 percent. Shaukat Tarin, the prime minister’s top economic adviser, said that the government would raise interest rates to cut inflation.Pakistan had earlier resisted the suggestion of increase in discount rates during their first round of talks with [...]

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News reports say that first round of talks between Pakistani and IMF officials have ended. They were discussing save Pakistan from economic crisis. It is said that IMF officials are asking Pakistan to increase discount rates by 3 to 4 percent above the existing 13 percent. They think this will help fight inflation. Pakistan is [...]

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The U.S. drone strikes are stoking Pakistani people’s anger. The “impatient decision-makers” in Washington are not realizing that attacks are putting the U.S. interests and troops stationed in Afghanistan in danger.
The attacks on Pakistani territories are benefiting Taliban.We all know that Pakistan provides key logistics routes into Afghanistan. The disruption in supply to troops in [...]

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White House spokeswoman Dana Perino said that it was wrong to say that the U.S. attacks were generating resentment in Pakistan.
In my opinion, the U.S. attacks are generating a lot of resentment. There are ignoring Pakistan’s calls because of arrogance. I know Pakistan cannot fight with because it cannot bear the expense of war. Public [...]

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German Foreign Minister Frank-Walter Steinmeier tells us that Pakistan needs money from IMF within six days to avoid the financial crisis. Pakistan papers reports that deal with IMF is almost final.It is said that Pakistan has agreed to do away with subsidies, cut development budget and expenditures.
Our leaders are taking out IMF loan to fill [...]

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