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Report of the Auditor General of Pakistan on the Punjab government accounts for audit year 2013-14 make quite interesting, alarming as well as concerning reading to say the least. Besides pointing financial indiscipline and irregularities of the sorts, the report also highlights the indifferent attitude of the administrative departments towards submission of the relevant record of their financial expenditures to the audit teams at the time of auditing of their accounts, indulging dilly-dallying tactics and showing no respect at all to follow the rules and regulations, resort to strict financial discipline and ensure strong and effective internal control in respect of spending of the public money.

The Obama administration is battling Wall Street to win the support of dozens of Democrat lawmakers over rules that could rein in brokers who handle trillions of dollars in retirement accounts. President Barack Obama on Monday called on the Department of Labour to write new rules for brokers that seek to reduce conflicts of interest and "hidden fees" the White House says cost Americans $17 billion from their retirement plans every year. He portrayed the reform as a central tenet of middle-class economics that would help Americans "retire with dignity."
Bomb attacks in Nigerian towns and cities look likely to increase in the run-up to forthcoming elections, despite the military claiming increasing successes against Boko Haram in captured territory. At least 86 people were killed in explosions blamed on Boko Haram this week alone, all of them at crowded bus stations in the north-east, wider north and also in the country's central region.
Is there any way out of the dilemma that Pakistan finds it self in? It has had a series of public administrative reforms. Ayub tried to weed out the corrupt, Yahya Khan did the same, ZAB followed suit and Zia was no outsider to the Hitlerian rule but Musharraf really messed it up. The country that was behind all these reforms was our western friend and supporter in times of distress. That is how they would like themselves to be seen. They patronize us and we like to be patronised for after all what is the problem with being patted on the back and for the friends to help us get into sinking sand sooner than later. Is there then any optimal way to manage public administration issues? There seems to be no such way. The Fulton Report in the UK came with a lot of publicity but it came and went without a whimper. I tried to locate my eight volumes or so of the book but could not find it. Someone had done a good job of minor theft. Such thefts are irritants and the monetary loss is insignificant.
When Nepal's Maoist-led government outlawed bonded labour in 2008 and promised to compensate victims, farmworker Hiralal Pariyar was elated to walk away from a life spent in virtual slavery. But the compensation never came, leaving a homeless and penniless Pariyar little choice but to return to his old landlord. "Nothing has changed in six years. From the day I was born until now, the landlord has owned my life," the 38-year-old told AFP.
Sergei Kulik slowly hoists a cage from the Black Sea off Russian-annexed Crimea and looks on in admiration. Beyond the slimy layer of mud are oysters - and Kulik's dreams of financial success. Kulik runs the only oyster and mussel farm in Crimea, which Russian soldiers took over a year ago from Ukraine. The takeover unleashed Western sanctions and hard times for many, but for Kulik and his oysters the upheaval could mean gold.
"So an All-Party Conference was called to show those dratted Baloch parliamentarians that the leader of the party has all the powers."

 



 
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ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
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MonthlyDecember
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