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The failure of Pakistan's development is a story of continuous failure in thought process. The factors that have compounded these problems are to do with conceptualisation of the issues and the cognitive ability of the planners to understand the process of development. It requires reflective thought and understanding the variations in regional aspirations. It is not good enough to work the urban areas. The exclusion of seventy percent of the area and population of Pakistan only serves the purpose of understanding what is going on. I am afraid the much touted reforms in the Planning Commission have been disastrous. The heavy language that politicians are used to make at the start of their innings has left the already working planners to abandon work and to sit on the bench and see what the mighty Planning Minister can do. Now he has the proverbial chankana (toy that makes pleasant noises for the infant) in his hand and he can merely use it as a dugdugi (used for the dance of the monkey).

An efficient solution to a historic drought, or an environmentally risky pact with the devil? That's the question raised by California farmers who are irrigating their crops with waste water supplied by oil companies, in an arrangement slammed as dangerous by environmental campaigners.
"I was watching television yesterday and noticed a change."
July 5 will mark the beginning of the twenty fifth anniversary of the forced winding-up of the Bank of Credit & Commerce International (BCCI). Created in September 1972, in a short span of 19 years, this bank expanded into 64 countries, bulk of them being the under-developed countries that it helped enter and benefit from the global markets - a success that also became the reason for its winding-up.
"I simply do not understand the way Mian sahib operates."
Every now and then we keep on hearing from higher judiciary echelons that the government must run its affairs according to the Constitution of Pakistan and follow rule of law. While this is an indisputable and uncontroversial command, there is also the need for ensuring an end to the long-drawn costly and time-consuming litigation. After restitution of deposed judges in 2009, there was a great hope that our judicial system would improve-however hundreds of thousands of cases are still pending.
Write down, write off, restructure, reprofile...whatever term you choose, if Greece doesn't completely default on its debt, its creditors will have to address the issue of its massive debt.


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Banking Review 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.894 bln
Exports $1.953 bln
Imports $3.847 bln
WeeklyJuly 01, 2015
Reserves $18.5 bln