It seems as if the world is going wayward. All across the globe stock markets have fallen, financial institutions have collapsed or at the verge. Even the wealthiest nations including the sole superpower, arc designing programmes and introducing packages to boost and save their financial systems. It is feared and rightly so that the global financial meltdown will affect the livelihoods of almost everyone in this, now inter-connected world. In case of developing countries including Pakistan the concerns are grave. The rise in food and every day commodities' prices coupled with the high fuel prices and approaching global slump has worried the nation collectively. We are witnessing our stock markets suffering, banks sans deposits and our currency going on a downward trend. In addition to this, Pakistan gets most of its FDI's (Foreign Direct Investment) from the west like all other Asian countries. Pakistani products are also global, and a slowdown in the west means slowdown here as well. As most of the developing countries are dependent on import and export. But there is another side to the store as well. Economic jolts did come. But so far Pakistan has escaped the recent economic turmoil emerging from the US and engulfing the developed European economies. World got baffled when it was discovered that two US legendary firms, Lehman Brothers holding the filed for bankruptcy and Merrill Lynch & Co CEO John Thain struck a deal to sell out to the Bank of America. No doubt, the West is suffering from the worst financial crisis. But as the financial analysts go, it has created a situation loaded with immense possibilities for Pakistan. Top bankers arc expecting a lot of eastward investment in the near future as options are drying out swiftly in the developed countries' markets. The present government inherited the gifts of militancy, crippled economy and worst inflation rate from the previous regime. But now it is striving hard to receive a tat chunk of investment that would be diverted to surging economies of Asia including Pakistan. The rupee hit a new record low of Rs 86 against Dollar last week. Businessmen across the country have been reported saying that the market is also disturbed because of the situation on the Afghan border with US taking liberty on Pakistani soil. So at this point of time we are faced with not a single problem but heaps of them. President Zardari's US visit was fruitful in the wake of this crisis as he asked for international help. He has been acting courageously in this regard. As what we are facing today is the offspring of the wrong policies of the previous government. "If we fall, you fall, if we can't do it, you can't do it," he said, referring to the threat posed by terrorists. The cost of the operations is too high coupled with the fact that Pakistan is not a gigantic economy like the developed countries, having known the global financial droop. However, we can solemnly say that the government is taking practical steps to bring back the businessmen's confidence. If we go a little back Pakistan was said to be in deep trouble, if it fails to attract ample foreign capital inflows to stream line its balance of payments situation. The government appointed a much respected banker Mr Shaukat Tarin as the economic trouble-shooter and advisor to the PM on Finance. He accompanied the president on his US and recent China visit to see the possibilities to bridge the deficit in the balance of payments. The estimate was that Pakistan needed $4 billion to bring the economic situation to normal. He said this Saturday, "We will be in a sound position in the next 30 to 60 days." $1.5 billion from the World Bank, $1.6 billion from the Asian Development Bank, five hundred million pounds from Britain's Department for International Development, $500 million from the Islamic Development Bank and $1.5 billion from workers remittances bonds is the outcome of the diplomatic and plausible tactics that the present government is using to) avoid default and build foreign exchange reserves. It is also indicated before hand by the government that the next 12 months can be economically problematic for the country. But that again is the price we have to pay unwillingly, for the wrongdoings of the military ruler. The State Bank of Pakistan has been criticised badly by the bankers across the country for its imposing a maddening tight banking regime. But the present government worked it out keeping in concern the present economic dilemma and the crisis that has captured this sector badly. The governor of the State Bank has announced that by November 15 Rs 270 billion will be injected in the banking sector. It will be a huge relief for the banks that are fighting with the liquidity crunch. Most of the problems that the PPP government is facing are due to the mismanagement of the economy in the last one year or so by the Musharraf-Shaukat government when it decided not to take harsh policy decisions for reasons of popularity downfall. Now, the authorities at the helm of affairs have to get the country out of this maze by prescribing high doses of bitter pills to save the already worsened situation from worsening further. Media at this delicate time should again come forward to paint the real picture. No confidence-shaking incident took place in Pakistan. The melt down of financial systems and the state of affairs in the giant banks in US and Europe made the public conscious of their own deposited amounts. So, they withdrew. It is for the media now to clarify that no hank defaulted and no bank refused to pay back to depositors. It's our collective responsibility to help this democratically elected government blossom amidst this crisis. Things will surely get better. President Zardari's visit to China intensified further a relationship that will maintain Pakistan's economic stability by helping to prevent us from sliding off the edge. IMF is never a good option to turn to, as it imposes very harsh conditions. Government is striving hard to avoid that. We have to show solidarity with the government at this time as any kind of social or economic unrest can help the extremist elements to set-up presence all across the country. And this is the least we wish for. Let's see where the river takes us, let's go with the flow. Let us have faith in ourselves and revive the national pride and shattered confidence on the national institutions.