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Floods in Pakistan have brought havoc to Pakistan and there seems to be no end to it in the near future. The solutions suggested by some of my friends are untenable. Almost all of them have suggested the building of dams - small and big - KB and Bhasha - between them. I have seen many such areas where dams have been built. It was Oliver Wendell Holmes Jr., the celebrated American Judge, who said that very early in life he had realised that he was no god and not even a half-god, which meant that one had to work hard at making a living. Pakistanis are averse to doing that.

An experimental Ebola vaccine tested on thousands of people in Guinea seems to work and might help shut down the waning epidemic in West Africa, according to interim results from a study published Friday. There is currently no licensed treatment or vaccine for Ebola, which has so far killed more than 11,000 people in West Africa since the world's biggest outbreak began in the forest region of Guinea last year. Cases have dropped dramatically in recent months in the other two hard-hit countries, Sierra Leone and Liberia.
The bushes shook violently and the female orangutan froze. Her baby clutched her tightly before the two quickly disappeared into the Borneo undergrowth. As the bushes parted, a broad-shouldered male orangutan strutted to the feeding platform. Dominating the fruit on offer, the male great ape dared the other orangutan in the trees to challenge him for the food.
"How was your vacation?"
On paper, Federal Board of Revenue (FBR) is an autonomous body created by an act of Parliament, the Federal Board of Revenue Act of 2007, but in practice it is considered handmaid of the rulers of the day and protector of the tax evaders and non-filers. Since 2007, FBR in view of Article 165A of the Constitution was to file tax returns, even if earning no taxable income, but it did not bother to abide by the law that it enforces on the others! FBR must apply for National Tax Number now and file missing returns!!
Harold Finger, the new IMF Mission Chief for Pakistan, has recently written an article in an English-language national daily on 'A Pro-Growth Strategy without Fiscal Stimulus'. This is an attempt at justifying the strategy of steep fiscal deficit reduction, which has largely determined the quantitative performance criteria and structural benchmarks in the on-going Extended Finance Facility (EFF) of Pakistan with IMF. By 2019-20, the IMF projects that Pakistan will need to bring down the fiscal deficit to a mere 2.5 percent of GDP.
Micro, small and medium enterprises (MSMEs) account for 99.7% of all enterprises in the world. MSMEs play a significant role towards boosting economic growth, poverty reduction and social inclusion across the globe. Formal MSMEs account for 16% of GDP in low-income countries and 51% of GDP of high-income countries whereas the informal enterprises account for 47% of the GDP of low-income and 13% of GDP of high-income countries.

 



 
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Banking Review 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyJuly 23, 2015
Reserves $18.677 bln