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FBR

COMMON MAN’S UNCOMMON PM

Imran Khan won over the hearts of the masses by his very candid and honest manner in his address to the nation as PM. Delivered from the heart in plain words, his talking points scribbled in his own handwriting he meant what he said. The nation has been waiting to hear from their leaders for the last 71 years about the poor-rich divide and the vital issues haunting the masses on the poverty line or barely above it. Not attacking the Opposition directly, he held them responsible for the current debt crisis of Rs 28 trillion that 10 years ago (2008) was only Rs. 6 trillion.

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OPPORTUNITIES FOR THE GOVT

The balance of payment crisis has been aggravated by major currency devaluations taking place over the past few months, the Rupee plunging 15% since December last. Surprisingly the currency has appreciated by 4% .e. Rs 7.00 since Imran Khan’s elections on July 25. The State Bank having had to raise interest rates, the current-account gap widened by 43% in the last fiscal year with foreign-exchange reserves dropping alarmingly to $ 9.1 billion. While a China- sponsored “bailout” is rumoured, the newly elected govt might approach the International Monetary Fund (IMF). These loans come typically with strings attached i.e. curbing fiscal deficits, tighter monetary policy, etc one can expect even tougher conditions given that many structural reforms promised to the IMF were either delayed or not done by the previous govt. The US being front and center in any IMF initiative, one can also expect another boat of “do more”.

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Private Security Business

Good governance in any society requires the safety and well-being of its citizens, peace and harmony cannot be maintained in isolation by the law enforcement agencies (LEAs) alone. Personal security remains the responsibility of the individual, corporate body, establishment, etc in any country of the world. While private security has given significant support to the LEAs in reducing their workload maintaining law and order, governments all over the world are increasingly turning to it as a cost-effective means. In US, UK Europe, etc govts are increasingly giving policing functions to the private sector, handing over management of jails, investigation of crimes, patrolling of select places, etc.

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