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Imran Khan has been the strongest critic of US drone operations in our tribal areas, telling the people if elected prime minister he would order shooting down of any drone invading our territory. The issue figured prominently in Nawaz Sharif's campaign promises as well. PML-N Senator Pervez Rashid though tried to downplay its importance in a post-election discussion programme. Hurling a taunt at the PTI Chairman the Senator from Lahore said he who had claimed to shoot down drones has received a drubbing at the hands of voters in Karachi and Lahore.

The facts of the case are that a kitemaker namely, Bob asked Sally a thread maker to supply five tons of string against a consideration of $1000. Sally accepted the offer and sent him an invoice for $1000 for the supply of five tons of thread with a condition that in case of dispute arbitration will take place in California she subsequently shipped the ordered goods.
Um Ali is stoic as she remembers how her son died while fighting in the ranks of Syrian government forces against rebels in al-Kussair, a town near the border with Lebanon. "I am ready to send more sons to die in Syria to protect the Shiite shrines," the Lebanese mother said. "He died for a good cause."
Since the 1990s, China's top leaders serve a maximum of two five-year terms. With the last batch of leaders having reached the end of their second term last year, there has been a transition to the 'fifth generation' of leaders since the Chinese Communist Party came to power in Peoples Republic of China in 1949. The party has selected government leaders that will rule China for the next ten years. The appointments include Xi Jinping as President, Li Keqiang as Premier, Li Yuanchao as Vice President, Wang Yi as Foreign Minister, and Ms Liu Yandong as vice premier ( only woman for top position in the government). Zhou Xiaochuan was retained as Governor of the People's Bank of China, another big position in China given the size and importance of economy in the country.
Nepra has announced increase in power tariff once again. Most trade bodies have protested. Only one month back, NEPRA issued upward wind tariff, excessive and unreasonable, no body protested or even noticed. This is unfortunately typical in Pakistan, even responsible bodies like FPCCI are not immune to it. High Power generation tariffs (cause) are neglected and DICO tariff (consequence) is ignored. At DISCO level, the tariff die has already been caste.
Someone once said facts are facts! Unfortunately, that is apparently not true! Especially, when it comes to Pakistan's economy! A simple search on the internet reveals a variety of conflicting economic indicators relating to Pakistan which eventually instigates an irritable state of frustration. If history is shrouded in mystery, future planning will remain a moving target. The pessimists will quickly point out that considering the size of the undocumented economy, or as referred to in conventional parlance "black economy", formal data is in any case irrelevant, so why bother! Perhaps but there has to be some starting point if change is to be fostered.
Reducing the budget deficit has traditionally been hard for Pakistan, given the country's problem with stagnant tax collection and unyielding public spending; it is only exacerbated by endemic corruption. Countries like Pakistan are unable to reduce current expenditure due to fears of unemployment or protest against wage reductions, thus they often reduce long-term public capital expenditure, ie, PSDP in our case.

 



 
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Banking Review 2012

Annual2011/12
Foreign Debt $65.562bn
Per Cap Income $1,372
GDP Growth 3.7%
Average CPI 10.08%
MonthlyApril
Trade Balance $-1.779 bln
Exports $2.130 bln
Imports $3.909 bln
WeeklyMay 20, 2013
Reserves $11.601 bln