The Statement “Pakistan is a bankrupt state,” the chairman of the Pakistan Tehreek e Insaf (PTI) party, Imran Khan, said in a statement delivered at a press conference during his visit to Federation of Pakistan Chamber of Commerce and Industries (FPCCI). According to Khan, Pakistan will have to pay Rs 1300 billion annually to set off its debts. Out […]

The Promise Pakistan’s federal finance minister, Ishaq Dar, has promised the spiraling price of the dollar will be reined in and brought back to the level of 98 rupees (Rs) per US dollar. Background When Pakistan Muslim League-Nawaz assumed charge of the government in June this year, the US dollar was available at Rs 98. However, within six months of the […]

The Statement Maulana Fazlur Rehman, Chief of Jamiat Ulema-e-Islam (Fazl), has said that political leadership in Pakistan is powerless as the real power rests with the powerful establishment. This is a veiled reference to the security establishment of Pakistan. The Maulana gave these remarks on November 12 while speaking to a local newspaper in Islamabad. Background On Nov. 1 of this year, a […]