It is trying to impose fiscal and financial discipline to bring country back on track

Analysts trace historical roots, talk about long-standing structural problems

Fiscal deficit of 6% is indispensable for Pakistan’s economy

Time will tell whether the government is able to solve structural problems to correct balance of payments

Contraction in manufacturing sector will lead to broad economic slowdown

Govt looks for alternative means to ease external-sector constraint, avoid political backlash

Higher discount rate, low development spending will have adverse impact on economy

Contours of mini-budget reveal government intends to suppress aggregate demand

It may consider tapping bilateral sources, go to IMF, float Euro and diaspora bonds

New setup will have to surmount scores of economic, financial challenges