INSAF MEDIA CELL Analysis Brief of Print Media Friday June 28, 2013 Editorial: Editorial published in Daily Down stated that Nawaz Sharif government has to knock at the IMF’s doors to obtain another loan to pay back in the next 12 months what is already owed to the lender. There’s no harm in taking new loans to pay off old ones. The new loan will not raise the country’s stock of foreign exchange, which is sufficient only to pay the import bill for another three months. Nonetheless, it will stop further depletion of reserves, halt temporarily the erosion in the rupee’s buying power and in the confidence of the business community, as well as pave the way for more dollars from other global lenders for large infrastructure projects. Some other measures like a hike in electricity prices and the reform of state-owned businesses including power generation and distribution entities to prepare them for sale will be taken in the next couple of years. All these actions will make the life of the common people more difficult because they are being asked to shoulder the chunk of the adjustments being made to make state finances more liquid. The wealthy have again been spared. For starters, the new government must take difficult decisions to restructure the economy for sustainable and early recovery without considering the political fallout from its opponents or from the powerful and wealthy. Express Tribune has published Editorial, stating that Pakistan’s security is now dependent on its economic progress and political stability. Normalisation of ties with India and increased regional trade are essential for its growth. Pakistan’s military has time and again acknowledged that the internal threats to the country need to be tackled on an urgent basis. With a new government in Islamabad, perhaps this is the right time to rethink our security policy and revise the “perpetual enmity with India” as an unstated policy goal. We wish all luck to the backdoor diplomacy efforts.
Posted on: Sat, 29 Jun 2013 06:21:42 +0000
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