India’s oldest Socialist Weekly!
Editor: Dr. G.G. Parikh | Associate Editor: Neeraj Jain | Managing Editor: Guddi
The IMF mission is once again in Pakistan after the government finally yielded to IMF demands. Pakistan secured a $6 billion IMF bailout in 2019, which was topped up with another $1 billion last year, but the lender of last resort then stalled disbursements in November 2022 due to Pakistan’s slow progress on so-called economic reforms.
The unprecedented floods have caused a huge loss to the Pakistan economy. Yet the country’s external debts and payments make it almost impossible for the government to focus on relief and rehabilitation of its people affected by the devastating floods.
Pakistan is one of the 52 countries facing severe debt crisis. The most critical problem faced by the country’s economy is repayment and servicing of external debt. Persistent borrowing creates a spiral with more borrowing generating an impending economic crisis.
Janata Weekly is India’s oldest independent socialist weekly.
Ever since its founding in 1946, Janata has voiced its principled dissent against all conduct and practice that is detrimental to the cherished values of nationalism, democracy, secularism and socialism, while upholding the integrity and the ethical norms of healthy journalism. For more than seventy years now, week after week, it has continued to analyse the changes taking place in the country and the world from a socialist standpoint, and thus promote the spread of socialist ideology in the country.
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