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By now we all know that the central bank has kept policy rate unchanged for the fifth consecutive MPS (or ten months). Indeed, inflation has come down substantially over the last ten months and if inflation was the sole anchoring factor, the rate would have been lowered today. But that is not the case.

The Ministry of Finance issued a press release claiming that the charge levelled by Tahirul Qadri that the current government inherited 6.5 trillion rupee debt and raised it by an additional 5.5 trillion rupees is incorrect. Federal Finance Minister Ishaq Dar, the press release added, clarified that the government inherited 14.5 trillion rupee debt and there has been no significant increase in this amount during the last year. So who is telling the truth?
With the eurozone's moribund economy once more sparking global fears, the region's cash-strapped leaders are now hoping the EU's investment bank can pull the bloc out of the doldrums. The OECD warned this past week the combination of feeble growth, high unemployment and super-low inflation made the sickly 18-nation single currency area the "most worrying feature" of the world economy.
To Ghana's legions of jobless young men, Eric Bimpong has a money-making proposition: sell your blood. Bimpong spends his days outside schools, bars and on the streets of poor neighbourhoods in Accra, scouring for teenagers and 20-somethings to give blood outside the capital's largest hospital.
The second budget of Balochistan's coalition government led by Dr Abdul Malik Baloch was presented in a complex socio-economic situation. The province has been facing multidimensional challenges such as low level of human development, lack of physical infrastructure, high incidence of poverty and social security. Simultaneously, Balochistan's resource rich geography opens up a vista of possibilities for socio-economic transformation that can be capitalised through better budgeting practices and addressing institutional challenges.
They spend much of their day clearing their gardens of shrapnel, digging up potatoes or chopping wood to prepare for the fast-approaching winter. The coal miners of the village of Vilkhivka in eastern Ukraine haven't been working for months, forced to down tools by the shells they say are still falling almost every day. "As miners, we used to get coal for the stove," says Pavel Krivonosov, 64, who despite his age still used to work at the nearby state-owned Zhdanivka mine.
A twist of fate stopped Abu Fahd boarding a doomed migrant boat that sank off Malta with hundreds aboard, but the Syrian and his family are already plotting another perilous voyage. Abu Fahd, his wife and five children were supposed to take a vessel from a beach on the outskirts of Egypt's Mediterranean city of Damietta but they missed it and were arrested by the military. "We were crammed in a bus with more than 80 others. The smugglers had knives and pistols and they kept screaming at us," he said.

 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-1.434 bln
Exports $1.930 bln
Imports $3.364 bln
WeeklySeptember 18, 2014
Reserves $13.525 bln