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Obama made a second visit to India during his tenure of Presidency. There is much talk, envy and speculations about his visit in Indian and Pakistani media. If one takes a close look at Obama's visit agenda, the transcripts of the meeting held between the leaders of the two countries and the structure of the US delegation visiting India it is not difficult to understand the core purpose of Obama's visit to India. As Clinton is reported to have stated on his visit to India in 2000 that: "It's all about business - stupid." Today, in 2015, the same holds true for Obama. US is all about business and so is this visit of Obama to India.

Dr Ashfaque H. Khan in his article "Economic Woes" has raised questions that despite tall claims of the present government, there isn't much changed in the last nineteen months and that where do we stand today? The writer should be mindful that when present government took the reins the economy was weak and fragile. As the growth rate had averaged less than 3% since 2008-09, which is significantly below our potential. Inflation had averaged around 12%, national reserves were down to below $8 billion. International predictions were that Pakistan will default in June, 2014.
Chief Minister of Punjab Mian Shahbaz Sharif is performing a lead role in war against terrorism. Recently, he addressed a high-level security conference attended by all commissioners of Punjab, RPOs, DCOs, DPOs and provincial ministers. He said: "various nations in the past have confronted challenges; and the nations that showed unity, courage and determination did overcome that challenges". Of course, in their rare display of unity, civil and military leadership is on the same page. Whole nation, including all political parties are united in the war against terrorism. During 1965 war between Pakistan and India, entire Pakistani nation was cast into the mould of a cohesive unit that frustrated sinister designs of India to harm the citadel of Islam.
"I believe that what we do may come to haunt us."
On Saturday January 24, State Bank of Pakistan announced another meaningless monetary policy. Interestingly, the crux of the policy, a 100 basis point rate cut was announced by the Finance Minster, as opposed to the SBP's governor whose job it is. Interference in the country's monetary affairs by our Finance Minister does not require any clarification, because it was neither due to timing error, nor was it a mere mishap by any chance. It is surely the dictatorial behaviour of our finance minister, who considers himself as the country's "Ultimate Financial Guru".
Every year plutocrats get together at the World Economic Forum (WEF) in Davos to review the developing economic trends and explain how financial markets, trade, employment, governance and environmental pollution bore their impact. Thereafter they propose ways of delaying the next recession but the fact that recessions now occur more quickly, exposes the futility of this effort.
A court ruling that sharply curtailed the ability of prosecutors including Manhattan US Attorney Preet Bharara to pursue insider trading cases is increasingly testing regulators' abilities across the country. Defendants in California and Massachusetts have sought to take advantage of a December ruling from the 2nd US Circuit Court of Appeals in New York that narrowed the definition of insider trading, making it harder for prosecutors to pursue their cases.

 



 
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ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyNovember
Trade Balance $-1.664 bln
Exports $1.966 bln
Imports $3.630 bln
WeeklyJanuary 25, 2015
Reserves $15.019 bln