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Last year, an Ordinance known as The Gas (Theft Control and Recovery) Ordinance, 2014 was promulgated by the President of Pakistan. It had been promulgated specifically for 2 gas distribution companies namely Sui Northern Gas Pipelines Ltd and Sui Southern Gas Company Ltd (SNGPL/SSGCL). More than 50% shares of both these companies are owned by general public and corporate sector and by private shareholders thru their holding in government-controlled companies. So we can say that this Ordinance has been promulgated for the benefit of 2 companies whose majority shareholders beneficiaries are private individuals. This not only gives undue advantage to these 2 companies in corporate sector but is also discriminatory by giving them security of their receivables and protection against theft, which is not available to other company of corporate sector or any other businessman in the country.

Anya wasn't even born when Chernobyl exploded nearly 30 years ago, but even today its radioactive fallout stalks her and other Ukrainian youngsters growing up near the disused plant. The world's worst nuclear disaster saddled the sparkly-eyed 16-year-old with chronic cardiovascular and respiratory problems, thanks to contamination that lingers in the air, water and ground soil around her village. A brief break comes each summer when Anya and a few dozen other children and teens trade their homes for a "clean" holiday on Portugal's west coast.
It has become a familiar scene in Turkey over the past month. Another soldier is laid to rest, parents grieving as the coffin is draped with the Turkish flag under the merciless glare of television cameras. Some 60 members of the Turkish security forces have been killed over the past five weeks as the Kurdistan Workers Party (PKK) has hit back at a relentless government air and ground campaign, in the most significant losses sustained by the military and police in recent years.
The scenes were unbelievable as farmers rolled their potatoes on the roads of the Mall Lahore and in front of the provincial assembly building. The political system has failed the farmers once again and every time this happens it is the 'N' League's insensitivity that is responsible for the farmers' debacle. Last year the farmers did not receive any income from rice yields whereas basmati used to fetch anything between $500 to $720 per ton. Last year they lost out and those that traded internationally went not only broke but also went under heavy debt. The person most cued up was Mohammad Hussain of Sukheki (near Sheikhupura) whose life time efforts were not only wiped out but he also lost out on life. Wheat was again in difficulties as the farmers never received any of the promised support price. The farmers that I met were discouraged by the lack of understanding of the agriculture sector by the politicians. To cap is all they have opened free trade with India. Now India finds one reason or another not to allow agriculture products in to India but Pakistan is doing everything to dislodge Pakistani farmers. The so-called experts sitting in the MoC and Ministry of Food security (The samosa eating ministry) do not seem to understand the concepts of free trade. If they would they would have referred to the WTO minutes of the various meetings. The WTO has not successfully implemented the concepts of free trade in agriculture. The Indian farmer is heavily subsidised and the policy fields between the farmers of the two countries are widely different.
Manhattan real estate lawyer Jon Mechanic remembers the summer day a decade ago when Donald Trump gave him a tour of a vacant retail space inside the Trump Tower on a glittering stretch of Fifth Avenue in Manhattan. Mechanic was representing Gucci, and the luxury retailer was already sold on opening a flagship store in what was unquestionably a prime location. But the salesman in Trump still couldn't resist pumping it up in his sales pitch. "He said it was the best retail space, in the best retail building, on the best corner, in the best city in the world," Mechanic recalled.
ImageWhen Chinese company Shanghai Zendai bought 1,600 hectares (4,000 acres) of land outside Johannesburg in 2013, it promised to build the "New York of Africa." The sleepy district of Modderfontein would be transformed into a $7.8 billion metropolis with a forest of skyscrapers, 35,000 houses and a sanctuary of green space to rival Central Park. The planned city became a symbol of China's seemingly limitless ambition across the African continent.
"Zardari sahib is extremely angry and his darbaris (courtiers) have threatened a war though I am not sure who they are going to go to war against..."

 



 
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Banking Review 2014


Annual2013/14
Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyAugust 27, 2015
Reserves $18.509 bln