Pakistan: Now or Never?
Perspectives on Pakistan
The world’s largest democracy chooses a new government in an election beginning on Thursday, and given the fires burning next door in Pakistan and Afghanistan, the men and women who will rule New Delhi over the next five years will doubtless exert influence over the course of events.
Indeed, with the pain and anger over the Mumbai attacks of November still raw, the mood could hardly be tougher against Pakistan. Even shorn of the campaign rhetoric, the positions of both the ruling Congress and the Hindu nationalist Bharatiya Janata Party on Pakistan begin from common ground. No dialogue with Islamabad until it “dismantles the infrastructure of terrorism”, both parties say in their manifestos.
New Delhi’s continued refusal to resume dialogue or indeed to expand other links such as trade has caught Pakistan between a rock and a hard place, according to this piece in 2point6billion.com, a website tracking developments mainly in China and India. While Islamabad has repeatedly called for resumption of dialogue since the attacks, Delhi has refused to comply until it is assured that Pakistan will prosecute all those involved in the planning and operations.
Delhi maintains that it holds information garnered from satellite, cellular and other communications devices captured at the scene that lead to specific individuals that Pakistan has as yet failed to apprehend. Islamabad denies the charge and says it is doing everything in its power to cooperate.
A reader has pointed to an agreement that Pakistan’s Jamaat-i-Islami, the main Islamist political group, signed with the Chinese communist party during its trip to Beijing a few days ago.
Pakistan has agreed with the International Monetary Fund (IMF) on a $7.6 billion emergency loan to stave off a balance of payments crisis.
Shaukat Tarin, economic adviser to the prime minister, said the IMF had endorsed Pakistan’s own strategy to bring about structural adjustments. The agreement is expected to encourage other potential donors, who are gathering in Abu Dhabi on Monday for a “Friends of Pakistan” conference.
Is the International Monetary Fund going to force Pakistan to swallow its classic bitter pill – which to some is worse than the disease – as a price of rescuing it from economic meltdown?
IMF Managing Director Dominique Strauss-Kahn has said loans to countries hit by the global financial turmoil would be faster, and with fewer conditions, than in the past. Conditions for lending should be defined by what is needed for the programme and should not be an “attempt to fix the world”, the IMF Survey magazine quotes him as telling staff.
Pakistan will begin talks with the International Monetary Fund over the next few days to secure funding to avert a balance of payments crisis, the IMF said in a statement from Washington.
The statement came after days of speculation that seemed to have gathered pace after President Asif Ali Zardari’s trip to China where according to these media reports he failed to win a commitment for cash to shore up the country’s reserves, barely enough to cover six weeks of imports.