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The Crippling Economy of Pakistan

The Crippling Economy of Pakistan Today I noticed a beautiful change in the Financial statements of State Bank of Pakistan. Till now they used to reflect the forex reserve status in USD Bn but today it is reflected in USD Mn. The Crippling economy badly needs a bailout from IMF. Though the current forex reserve in books is $9.4Bn with SBP, the effective net forex is only $1.5bn. Let me explain that- out of $9.4Bn, 1.5Bn is the loan from China which is given purely to enhance the forex value but with a condition that it cannot be spent, $2.6bn is the value of Country's Gold reserved (whatever little they have) and $2.8Bn is the value of Sukkuk and Eurobonds which Pak govt issued (we have not catered for the currency devaluation in this, it will be 15-20% higher if we take that into the consideration) and another $1Bn of govt sureties which cannot be redeemed immediately. taking in account all these factors, the net reserves with SBP stands at an alarming figure of $1.5Bn only...
China’s Wu-Zi Strategy and Its Indian Perspective At the time when India was prospering under the leadership of mighty Magadha King Shishunaga in year 400BC and Indian Armies were knocking the door of Middle east, few thousands Kilometres away in Handan, China, A Chinese General named Wu-Qi was busy writing his book on the military strategy. Though only a part of this book is available now but when we see the offensive postured of China, the Wu-Qi Strategy which is commonly known as Wu-Zi is reflected verbatim in the action of Dragon. Let’s analyse Wu-Zi first. The book speaks of a strategy to surround the enemy much before the conflict starts. It says that king must make kingdoms surrounding its enemy as his friend and in return they should support him in its logistics and other material support. In fact, rather than war tactics, Wu-Zi emphasizes more on Logistics and supply lines of an Army. It says that the country must keep its channels of maintenance secured and open un...
China- Pakistan Economic Corridor- Myth and Reality The Pakistan started the work on China Pakistan Economic Corridor (CPEC) with a much fanfare. It claimed that the CPEC is a game changer which gave it and lot of publicity. The common man of Pakistan was made to understand that that this is going to change the future of their country but the reality was different. When CPEC started, the differences between Pakistan and Chinese authorities were visible from the very first day. It became prominent when the Chinese work at Daimer- Bhasha Dam was stopped by Pak authorities. We must understand that when China decided to invest a heavy amount of over 60 Billion Dollar value in a rogue nation, it failed to analyse that is Pakistan secure enough for such massive foreign engagement?   and if yes, then does it has a future too. To cater for the security concern of the dragon, Pakistan created a special security division in early 2017 with a large force of over 15,000 soldiers...
Kunduz Airlift- A Story of Pakistani Betrayal 10 th November 2001, United States and Northern Alliance Forces were moving in to the Kunduz Province of Afghanistan from all sides. Kunduz was a peaceful town which was witnessing extraordinary activities those days. After the fall of Kabul and Mazar-e- Sharif, most of the senior Taliban and Al-Qaeda fighters and their leaders have congregated there which was just a small region in the northern part of Afghanistan. Soon after the attack of 9/11, American forces have declared a war against terrorism in Afghanistan and their operation Enduring Freedom. In first week of October 2001, they already landed in Afghanistan and started operating. The Northern alliance leaders including Mohammad Daud Daud and Abdul Rashid Dostum have declared that they will deal very harshly with all the Taliban leaders who are not from Afghanistan. They had a valid reason for this. In last, few years of Taliban rule they saw that these foreign people not ...