Archives COVID-19 - New Eastern Outlook

What goes around often does come around—and sometimes, it bites us hard!

The attacker was quickly apprehended and turned out to be a 15-year-old schoolboy. Most likely, due to his age, full information about him will not be disclosed. Some sources claim that he is even under 15, and that this exempts him from criminal responsibility for assault. He has been treated for depression and has been taking pills, but the result of his assessment by medics for mental health problems is not yet known. The police hospitalized the teenager (under the emergency hospitalization system…

As Pakistan struggles with yet another round of loans from the IMF, people are keen to ask how we got here in the first place. The answer seems simple. Unrestricted and unsustainable spending by the state is compounded by a painfully low tax base. The lack of sufficient and good-quality domestic production leads to an overdependence on imports and a lack of exports, especially in intermediate to high-value goods. Interest payments on past debts are racking up. In short, everything is moving in the same direction: a negative balance of payments.