America has become the biggest oil producing country in the world today and this is going to reduce the political importance of many Middle Eastern countries which have been thriving on oil wealth and diplomacy and making big money and financial gains on account of it since long.
POST SCRIPT
The slanging match between Iran and US continues unabated. A lot of seditious drivel on the social media has been making confusion over the claims and counter claims in their ongoing war worse confounded.
Chinese mediation between Pakistan and Afghanistan is commendable. The peace talks being held in Uramchi under the guidance of China speak volumes of Beijing’s efforts to ensure peace and tranquility in Pakistan.
Whether it is public sector or private business concern all of them will have to now observe austerity and cut back on their non-developmental expenditure henceforth as nobody is going to bail us out if we continued to spend lavishly. Former President Ghulam Ishaque Khan used to say Parsimony instead of extravaganza should be followed in money matters as currency notes are not grown on the trees.
