CHITRAL: No country would like the name of financial default let alone practically going into bankruptcy. In Pakistan we have been hearing the words bankruptcy and default for quite some time. Then we suddenly hear that the IMF is giving further loan to avert the immediate threat and resultantly a buoyant and victorious mood sets in across the country.
The new loan comes in and bankruptcy is warded off for the time being. The common man does not realize that the burden of loan has further increased on the country. This merry go sound continues for a short while and then we hear again that default is on the cards and IMF wants price of fuel, gas, electricity and such like commodities which directly affect the common person, to be increase…
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