The country sought yet another IMF bailout
for the 22nd time to stabilize the fumbling and stumbling economy. The country already owes $5.8 billion to the IMF from past rescues and has been able, so far to effect timely repayment just once.
Pakistan’s growth rate is set to hit an eight-year low, with all its major indicators showing a southward trend. Its economy has also damaged significantly after tensions with India aggravated due to Pakistan’s support, shelter, finances,
and training provided to terrorists.
Nurturing Terror as an Instrument of State Policy
The Pakistan Army is
time and again alleged to be sponsoring of all terrorist groups operating from the soil. A significant amount of Pakistan’s budget goes to its military. The Pakistani state and the army have become extremely obsessed with nurturing terrorism
and radicalism as they provide them with the wherewithal for proxy campaigns against neighbouring countries.
The irony is that to set right the wrongdoings the very perpetrator is being
set as a law enforcer. The recently constituted Economic Security Council of which to deal with the economic downturn has General
Qamar Bajwa along with PM Imran Khan as its member. Now who will be calling the shots, is anybody’s guess.
These Frankenstein’s monsters along with the military itself now dominate the resources, the young minds and the social haves of Pakistan. Even international pressure and economic compulsion
force the rulers of Pakistan to pin down terrorism and fanaticism, they might discover to their dismay that they have the tiger by the tail.