08292016Mon
Last update: Mon, 29 Aug 2016 12pm
 

Articles and Letters

Articles  Letters
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Burgeoning external debt

Published on August 29, 2016The SBP has just released the data on external debt of Pakistan as of June 30, 2016. The stock of debt has ballooned up to almost $73 billion; with a largest ever increase of almost $8 billion in 2015-16. The last time we saw a big rise in external debt of over $6 billion was in 2008-09 when Pakistan was compelled to go into a relatively large Stand-by Facility with the IMF after the substantial depletion of foreign exchange reserves in 2007-08 due to the hike in oil prices.Read full story

Politics: it's all about a name

Published on August 29, 2016A visible obsession displayed by our political parties is to rename streets, airports, historical and prominent buildings, social and infrastructure development projects funded from the taxpayers' money, with a name associated with their party/leadership. Their objective: gaining political mileage.Read full story

Seeing new market, electronic party expands to India

Published on August 29, 2016One of the world's premier electronic music festivals is expanding to India, seeing a major new market in the billion-plus country once off the radar for Western concert promoters.Read full story