A government that is left with a less than one week of its tenure is raising a $ 200 million syndicated loan with three United Arab Emirates (UAE) banks to stave off the pressure of balance of payments. The loan, with a one-year maturity, is said to be arranged by Commercial Bank of Dubai, Emirates NBD, and Noor Bank.
Adding to the country's indebtedness, the PML-N government appears to be bereft of any moral integrity insofar as politics is concerned.
There is no doubt about the profundity of current current account woes of the country. But the question is: Isn't the PML-N government responsible for this grim state of economy?
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