Khalid Aziz writes about the role of Pakistan in terrorism and questioning the basic premises of participation in the war and to what length, and discusses many important associated issues.
POOR nations that fight long wars quickly become insolvent. Pakistan is on the verge. In his haste to obtain international support for his unconstitutional rule, Gen Musharraf pawned away Pakistan’s future for mere dimes.
After 10 years of fighting, Pakistan’s ability to finance its ways and means has evaporated. As the war continues, more money is needed but is not available.
Now is the time to change the paradigm and save ourselves from insolvency. Pakistan cannot afford to fight a war, which is a frightfully expensive and aimless exercise. Yet to end the war, other means based on peace-building have to be adopted.
The good news is that such a formula already exists for Khyber Pakhtunkhwa and Fata in the form of the Post-Crisis Need Assessment (PCNA) that is a multi-donor funded, Pakistan-led effort driven by the administrations of the two regions. More about that in a bit; first, let us dissect the financial difficulties facing the country.
The size of our national budget for 2011-12 is Rs2,767bn. This is 14.2 per cent higher than that of the previous year. As a result of the suspension of the $11.3bn IMF bailout programme, the government will be left with less than $526m (Rs46bn) in net external financing up to June 30, 2012. Th