Description: Who are the members of Pakistan’s top new economic leadership team? Who’s Reza Baqir? Who’s Ahmad Mujtaba Memon? Why were the changes necessary? Were the latest changes made to remove previous PMLN government’s loyalists considered to be responsible for the current economic crisis? Did their policies and actions contribute to large twin deficits? Did the International Monetary Fund (IMF) force these changes as a condition for the country’s bailout?
As Pakistan awaits the news of the discovery of large offshore oil reserves, what lessons should Pakistan learn from the governance failures in Venezuela? Is Venezuela suffering because of its government’s hostility toward the United States? Will large oil reserves be a panacea for Pakistan’s economic problems?
Viewpoint From Overseas host Faraz Darvesh discusses these questions with Sabahat Ashraf (ifaqeer) and Riaz Haq (www.riazhaq.com)
Tags: Pakistan, IMF, Economy, State Bank, Oil, Venezuela, governance, United States