ISLAMABAD: The World Bank’s International Centre for Settlement of Investment Disputes (ICSID) has granted a stay on the enforcement of…
Economy
The statistics released by the State Bank of Pakistan show in the period of July to August of the fiscal…
Prime Minister and others never bothered to get alternative views. The nation has paid a heavy price for these misconstrued policies. People who landed from the helicopter had little or no idea about the statistics of Pakistan. They have never studied Pakistan’s economy. They brought the knowledge of the western economies and their policies and brutally implemented the same in developing countries like Pakistan.
To ascertain reasons for experiencing imbalances on the economic front, whenever the economy started achieving higher growth it remained unsustainable mainly because it never fueled with raising the required investment and savings.
A constitutional battle fast degenerating into a fierce war of words between two financial institutions of the country on whether the Auditor General Pakistan’s (AGP), responsible for the audit of the federal government, can be audited itself by the former as sought by the Finance Division through a move enjoying the backing of the President and the federal government.
Outside KP, the PTI government succeeded to a large extent in building a perception of having introduced major reforms in the governance system. But, one needs to dig deeper into the facts to reach the conclusion of whether PTI’s assertions are genuine or a bluff.
In an attempt to understand the growing problems and in lieu of the recent announcement of the Karachi Transformation Plan, we sat down with Mr. Asad Umar, the Federal Minister for Planning and Development.
The main reason for the wheat crisis, according to officials and documents, is the smuggling of the commodity to Afghanistan through Khyber Pakhtunkhwa and Balochistan as the prices in the international market are higher compared to Pakistan.