The IMF Board will meet soon to approve loan to Pakistan. It is said that the first installment of the loan may be disbursed in a few days. This news has brought some calm in the money market and rupee has gained some ground against dollar.
Pakistan has been receiving financial aid from IMF for a long time. The real problem is that the money which comes to the country in the form of heavy loans has almost always been squandered by rulers. It is an open secret that Pakistani politicians have amassed millions and millions of dollars in foreign bank accounts. I wonder how can someone gain such phenominal wealth without having any known source of income!
While the country is struggling to get a few billion dollars international donors, it is an irony that Pakistanis are taking their money out of the country.
The IMF Board will meet soon to approve loan to Pakistan. It is said that the first installment of the loan may be disbursed in a few days. This news has brought some calm in the money market and rupee has gained some ground against dollar.
Pakistan has been receiving financial aid from IMF for a long time. The real problem is that the money which comes to the country in the form of heavy loans has almost always been squandered by rulers. It is an open secret that Pakistani politicians have amassed millions and millions of dollars in foreign bank accounts. I wonder how can someone gain such phenominal wealth without having any known source of income!
While the country is struggling to get a few billion dollars international donors, it is an irony that Pakistanis are taking their money out of the country.
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