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Pakistan is going through an economic impasse. The macro figures are not tallying with the requirements of the nation. Policy elites sitting in various forums are unable to diagnose what is going on. Much of the food inflation is due to ossified infrastructure. It's the dead that are running this country through policies devised in the early 20th century. The institutions that were then devised were based on the colonial knowledge that was brought forth by the British. This is not going to work.

Nuclear-capable Russian bombers in European airspace, Nato intercepts, a foreign submarine in Swedish waters - the fall-out from the Ukraine crisis feels like a return to Cold War days. Nato has intercepted Russian aircraft on more than 100 occasions so far this year, three times more than all 2013, its new head Jens Stoltenberg said on Thursday.
A place of fear, legend, inspiration and exploration, Paris's skull and bone-lined Catacombs still draw thousands of visitors each year, many of whom queue for hours to explore the ghoulish burial site. "Stop! This is the empire of the dead", reads a sign greeting visitors at the entrance to the two-kilometre (1.2-mile) long tunnels filled with the bones of approximately six million Parisians - although that figure is still debated. The transfer of human remains from Parisian cemeteries to the tunnels began towards the end of the 18th century when authorities realised that the decomposition of bodies in the city's cemeteries was not particularly good for public health.
"I really appreciated Ishaq Dar's principled stand."
"So Mian sahib told the MQM delegation to mend fences with the PPPP?"
Reigns of kings and feudal lords, based on notion 'we own the land so we rule the people', gave way to modern nation States that assert sovereignty in levying taxes, among other things. The Constitution of Islamic Republic of Pakistan provides in Article 77, "No tax shall be levied for the purposes of the Federation except by or under the authority of Act of Majlis-e-Shoora (Parliament)". Yet, No government shows interest in collecting 'agricultural income tax' from the rich absentee landlords under laws enacted by the national and provincial assemblies.
Plummeting oil prices are pushing some of the small-cap companies which flourished as part of the US shale energy boom close to their breaking point, while also prompting some well-known fund managers to aggressively buy energy stocks.


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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-19.98 bln
Exports $25.13 bln
Imports $45.11 bln
WeeklyOctober 27, 2014
Reserves $13.464 bln