Tag Archives: funds

Iraq redux? Obama seeks funds for Pakistan super-embassy

By Saeed Shah and Warren P. Strobel     | McClatchy Newspapers

ISLAMABAD — The U.S. is embarking on a $1 billion crash program to expand its diplomatic presence in Pakistan and neighboring Afghanistan, another sign that the Obama administration is making a costly, long-term commitment to war-torn South Asia, U.S. officials said Wednesday. 

The White House has asked Congress for — and seems likely to receive — $736 million to build a new U.S. embassy in Islamabad Continue reading

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A response to “The new East India Company”

This article is in response to the criticism of IMF in the earlier article titled “The new East India Company”. I am a critic of IMF’s policies but the earlier article ticked me off as it was based on populist aphorisms with no reference to economics or any stats. I was surprised that it was written by authors claiming to be professors at a prestigious business school, tax consultants and writers of several books.

 History

 In second half of 2008, Pakistan was facing a crisis. Shaukat Tarin came up with three plans notoriously known as Plan A, B and C. ‘Plan’ was a misnomer as in reality they represented a pecking order for our begging bowl. Plan A involved approaching Asian Development Bank (ADB) and World Bank (WB). Plan B consisted of approaching so called friends of Pakistan. Plan C was approaching IMF, the least desirable option. Continue reading

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