Splurging of public money continues, which may necessitate govt borrowing to increase again
Pakistan’s Foreign Office adjusted its position — within a week — on US President Donald Trump’s announcement about retrieving leftover American military equipment from Afghanistan.
The Foreign Offices said: “These weapons have been used by terrorist organisations, including Tehreek-i-Taliban Pakistan, to carry out terrorist attacks in Pakistan.” The FO spokesman had previously said: “This is essentially an issue between two governments, which is the United States and Afghan interim authorities,” according to a Dawn report.
This is an example of how Pakistan may have to assess its stance on geopolitical or geostrategic matters involving the US. Continued Chinese support is a must to keep economic progress steady. But so far, efforts in implementing China-Pakistan Economic Corridor projects have not impressed Beijing. On the contrary, China is becoming frustrated with Pakistan’s “rhetorics” and “inefficiencies”, according to The Guardian. With concerns about the security of its nationals in Pakistan, it has increased diplomatic pressure for action against the militants.
Ignoring growing opposition, President Asif Ali Zardari gave........
© Dawn Business
