Now, the pain

Article Abstract:

There has been widespread support in Pakistan for the government's decision to test nuclear weapons. However, it is possible that this decision will have negative political and economic repercussions in the longer term. Nuclear weapons testing has failed to heal serious social divisions, and Pakistan remains very vulnerable to economic problems. This could in turn make the Pakistani government more willing to sell nuclear technology to other Muslim countries. Pakistan's economy will also be damaged by international sanctions imposed following the nuclear weapons testing.

International Affairs, Intnl Political Relations, Other Ordnance and Accessories Manufacturing, Nuclear Ordnance & Equip, Ordnance and accessories, not elsewhere classified, Testing, Economic development, Nuclear weapons, Nuclear testing

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Borrowed time

Article Abstract:

Pakistan's new caretaker government is coming under increasingly strong pressure from the International Monetary Fund to reduce bank borrowing. If it fails to do so, then there will be delays in the disbursement of vital loans from the International Monetary Fund. The country's economy is in deep recession, and the government is finding it very hard to obtain funds as tax revenues and export earnings decline dramatically. It has already sought to reduce spending by dismissing 40,000 employees and halting all funding for development schemes.

Administration of General Economic Programs, Intnl Monetary & BOP Programs, Economic aspects, International economic relations, Government spending policy

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Look but don't touch

Article Abstract:

Pakistan has reached a new agreement with the Intl Monetary Fund under which the agency wil receive more detailed information but have no authority over the country. The accord, called Strengthened Cooperation, got little press in a reflection of its sensitive nature. Only months earlier, the IMF denied Pakistan a $300 million loan, saying it was not moving fast enough on economic liberalization. Critics doubt the govt can meet the targets it has set in the 1995-96 budget, noting stalled industrial growth.

Economic assistance, Foreign economic assistance

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