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Ishaq Dar

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After the Army’s public statement, the crisis deepens

My storified tweets on the deepening Political crisis in Pakistan.

 

August 31st, 2014|governance, History, Pakistan, Politics, Storify|0 Comments

Saudi bailout & jihad as a foreign policy tool

Pakistan’s finance minister has proudly announced that a friendly country has deposited $1.5 billion in our reserves and more is likely to follow. The impact of this cash injection has been the stabilisation of the rupee and its dramatic appreciation in the past few days. This may prove to be good for arresting inflationary trends and decreasing energy prices. However, the underpinnings of this generous assistance are lesser known. Usually, bilateral agreements operate under a legal framework and there is a semblance of transparency. However, this case remains mysterious thus far. The government needs to tell parliament and the people as towhat the deal with the friendly government entails. Recent developments on our foreign policy — hostage to worn-out doctrines — may provide some clues.

In recent weeks, there have been high-profile visits of Saudi officials and the joint statement issued on the visit of Deputy Prime Minister Crown Prince Salman Bin Abdulaziz, in February 2014, indicated a shift in Pakistan’s approach to the ongoing Syrian crisis. Discarding the earlier policy stance, Pakistan and Saudi Arabia, in addition to the usual diplomatic platitudes, agreed on the “formation of transitional governing body with full executive powers enabling it to take charge of the affairs of the country”. This, essentially, means the ouster of the Assad regime. […]

March 17th, 2014|Pakistan, Published in the Express Tribune|0 Comments