Dr. Ikramul Haq & Abdul Rauf Shakoori Recently Moody’s has scaled down the Government of Pakistan’s debt ratings to “Caa1” from “B3” and the outlook is kept at “negative”. Under “Caa” obligations are judged to be of poor standing and…
Budget & Ashrafiya
Dr. Ikramul Haq Pakistan is controlled and ruled by ashrafiya (elites)—comprising indomitable military brass, top civil bureaucracy, higher judiciary, landed upper crust and their cronies in politics, industrialist-turned politicians, religious and so-called spiritual leaders (sic), media tycoons…