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How unfortunate, however, it is that the army has been dragged into the current political standoff in the country. It was on Monday (yesterday) that the army had to clarify its position in response to allegations by an embittered Javed Hashmi. Earlier, the army had to clarify its position after prime minister took a double U-turn in relation to army's role of a facilitator to help resolve this current political impasse. Now the army had made it abundantly clear that it is not behind PAT and PTI protests in Islamabad.

Anti-government protests have lasted over two weeks but prime minister Nawaz Sharif insists that he will not resign. Sporadic talks between government and opposition have failed repeatedly. The government claims that Imran Khan appears isolated in his struggle to bring down the prime minister as his call for civil disobedience has been rejected by people.
Apropos 'Power sector receivables hit Rs 534.04 billion mark' carried by Business Recorder yesterday, it is indeed a matter of grave alarm that the power sector receivables have touched Rs 534.047 billion mark as of July 2014 against Rs 512.909 billion on June 30, 2014, showing an increase of four percent in just one month despite tall claims of the top brass of Water and Power Ministry pleading improvement in collection.
Sunni insurgents led by the Islamic State of Iraq and the Levant (ISIS) have emerged a formidable challenge for US President Barack Obama in particular. Surprisingly, for the outsiders the US trained and armed Iraqi troops abandoned their posts without putting up a fight. Apparently, they lacked motivation due to sectarian tensions and absence of trust in the government they saw as exclusionist and corrupt.
I was travelling on Turkish Airlines flight No TK1766 on 07/08/2014 from Warsaw to Karachi via connecting flight from Istanbul. My flight was delayed in Warsaw for four hours because of a storm in Istanbul with the result that I missed my connecting flight in Istanbul for Karachi.
Apropos 'WB team to evaluate policy actions, reforms' carried by Business Recorder on Wednesday, it has been reported that a "World Bank mission would carry out an evaluation of the latest status of the policy actions and reforms put in place for creating growth and investment climate in Pakistan through tariff rationalisation, one-window shop for business registration, effective audit of registered persons, improving revenue collection and federal government support to provinces in expanding the scope of General Sales Tax (GST) on services."
Apropos 'Attack on Aaj TV team' editorial carried by Business Recorder on Tuesday, it is indeed a matter of grave concern that a party led by a highly respected and celebrated Imran Khan has been faced with such an unsavoury situation. No doubt, his party has been clearly and unambiguously upholding the ideal of freedom of press and expression. Its KPK government has introduced a law to guarantee people's access to information.

 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.311 bln
Exports $2.027 bln
Imports $4.338 bln
WeeklyAugust 28, 2014
Reserves $13.582 bln