The government is obsessed with containing the fiscal deficit and rightly so. However, it is deferring critical reforms as a consequence. This preoccupation with fiscal stabilisation has caught the policymakers in a rut, and no one has talked about economic growth, human development and jobs creation.
It was roughly the same time last year when the devastating floods hit Pakistan. Experts are of the view that floods are bound to happen again as the global climate change is causing melting of glaciers.
The ISI chief Lt Gen Ahmed Shuja Pashas short and abrupt visit to US in pursuit of reviving US-Pak strategic ties, following the USs latest attempt to block $800 million military proceeds to Pakistan, exposes the countrys relatively weak position.
EU trade concessions to Pakistan are already six months too late. And from the looks of it, by the time the concessions materialise, the window of opportunity, during which the concessions can be capitalised upon, will be further squeezed.