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China's approach to "democracy" issues attained a kind of a violent form in certain instances in the former middle kingdom following a qualitative intensity in the Arab Spring that had triggered popular uprisings on an unprecedented scale in North Africa and the Middle East. This prompted the founder of modern Singapore Lee Kwan Yew to famously say that what China or the Communist Party of China seeks to obtain at all cost in the country-a sea of humanity-"is not only law and order but very good law and order" to continue to pursue a higher economic growth objective religiously in a largely irreligious society. This is necessary to realisation of its ambitions of overtaking the world's largest economy, the US, in due course.

Regretting the fact that corruption had taken roots in Pakistan's society while addressing the newly promoted BPS-22 grade officers at the Aiwan-e-Sadr, the President asked them to always act in the best interest of the State and the nation, and strive to ensure rules-based governance by refusing to obey the orders of the 'high-ups' (politicians) that contradict the rules and the law.
Questions are being raised in Pakistan about the true health of the economy in general and fiscal health in particular in print and electronic media. Independent economists with strong credentials, business/industry leaders and informed public at large believe that the government is manipulating statistics to paint a rosy picture of the economy and in so doing, it is giving a false sense of prosperity.
From cheery peasant girls in Tsarist times to Soviet-era cosmonauts to today's Pussy Riots, the changing face of Russia's matryoshka nesting dolls reflects the country's tumultuous history. For tourists the dolls inside dolls that generally depict a buxom woman in a coloured headscarf are a must-buy souvenir believed to date back to a centuries-old tradition, but a new exhibition throws up some surprises.
"How is Captain Safdar?"
Focused on privatisation as a viable policy tool - part 1 looked at global literature on the subject while part 2 focuses on some examples of poor post-privatisation performance in the UK as well as in Pakistan. Where has privatisation gone wrong in practical terms? And is the Pakistan experience positive?
This is not the first time that the government has hoodwinked International Monetary Fund (IMF) and the public at large. FBR has a long history of overstating revenue collections by manipulating the figures. Way back in 1999, tax bureaucrats inflicted shame on us by gross misreporting of data to the IMF. Subsequently, a commitment was made to the IMF to review fiscal data from financial year 1989-90 onwards. The data compiled for fiscal years 1994 to 2000 confirmed that tax revenues were inflated. The data manipulators of FBR showed higher tax collections through fudging of figures and the nation had to pay a heavy cost for it (not only in terms of fine paid to the IMF) but by further tarnishing of image in the international community that nothing is transparent in this country.

 



 
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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-July
Trade Balance $-22.095 bln
Exports $23.885 bln
Imports $45.980 bln
WeeklyAugust 03, 2015
Reserves $18.536 bln