Skip to main content

Pak's economy controlled by a ruthless conglomerate - The army

With 620,000 soldiers, Pakistan boasts about being the world's seventh-largest standing army, but its senior officers have long ago realised the perks to be gained from commercial ventures, writes Elliot Wilson for UK-based The Spectator. Since independence in 1947, the army has steadily intertwined itself into Pakistan's economy: so much so that it's hard to tell where the military stops and any semblance of free-market capitalism begins.

from World News Headlines, Latest International News, World Breaking News - Times of India https://ift.tt/3nhywVw

Comments

Popular posts from this blog

Taliban launch 'massive attack' on Afghan city of Kunduz

The militants, who have demanded that all foreign forces leave Afghanistan, now control or hold sway over roughly half of the country and are at their strongest since their 2001 defeat by a US-led invasion. Such attacks are seen as strengthening their negotiating position. from World News Headlines, Latest International News, World Breaking News - Times of India https://ift.tt/347NQeG

37 killed in 424 US, UK strikes on Yemen: Houthi leader

Abdul Malik al-Houthi cited 37 casualties and 30 injuries from 424 US and British airstrikes in Yemen, disrupting global shipping with 34 assaults and 125 ballistic missiles, targeting Red Sea international vessels to aid Palestinians in the Israel-Hamas conflict. from World News Headlines, Latest International News, World Breaking News - Times of India https://ift.tt/gmSPbLw

North Korea to redevelop flagship tourist resort

The resort -- once a prominent symbol of inter-Korean economic cooperation -- was built by South Korea's Hyundai Asan on one of the North's most scenic mountains, drawing hundreds of thousands of Southern visitors. from World News Headlines, Latest International News, World Breaking News - Times of India https://ift.tt/3atz9Io