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Phase VIII of Defence Housing Authority, Karachi, is a vast sprawl of over 4000 acres, planned to house a population of around 8 lakh. Roads have been laid out, and some communal establishments such as educational institutions and mosques are already functioning. Creek Vista, a large residential complex consisting of 720 apartments, has been home to as many families for the past five years, and new apartment blocks are under construction.

Your editorial on the spectrum auction says: "This will strengthen NIR position." How? As I understand proceeds from local operators will be paid in PKR equivalent at the prevailing parity for licence fee of dollar 295 million. Auction will raise $1.30 billion equivalents in case of four licences are sold at $295 million each. This comes to $1.187 billion.
Apropos 'China emerges as diplomatic player in Afghanistan' carried by Business Recorder on April 15, it is interesting to note that China is quietly preparing for a more robust role in the future of Afghanistan, concerned that the withdrawal of Nato troops will leave a hotbed of militancy on its doorstep. That Beijing has some legitimate concerns is a fact because the two countries are connected by a narrow mountainous corridor, Wakhan Corridor, that is almost impassable.
These claims have not only been endorsed by the Gallup but also the IMF and the World Bank. The IMF chief of Mission in Pakistan Jeffery Franks addressing IMF Conference Call on Pakistan recently remarked "The overall economic situation in Pakistan is gradually improving. The forecast of 2.8 percent growth rate during 2013-14 has been revised to 3.1 percent by IMF which may be a bit on the conservative side. Inflation has been better than expected at around 8 percent and balance of payments position has also shown upward trend.
The Annual Public Pulse Report for 2014 issued by Gallup Pakistan maintains that there has been a massive improvement in the ratings for overall performance of the PML (N) government (59 percent) as compared to the performance of the previous government during the last year in the office.
ImagePakistan, a country of 200 million people, rich in natural resources but still in the list of underdeveloped country with more than 66 years of independence. A country with all the endowments of nature, supportive weather system, hardworking people and the ideal geography is a combination which only few enjoy in this world but despite all these natural gifts Pakistan is facing problems today and biggest of them is the energy crisis.
Finance Minister Ishaq Dar has every reason to rejoice at the global response to Eurobond. According to him, the demonstration of massive response to Pakistani sovereign paper is unprecedented. "The multilateral donors and international markets have reposed tremendous confidence in Pakistan's economic future," he was reported as saying during a discussion in the US capital recently. In order to build up his argument, Dar told a think tank that in a matter of eight months Pakistan has seen a 17 percent jump in revenues, 11 percent growth in remittances, 6.2 percent expansion in exports and rise of GDP growth to four percent. At the same time, the government has also maintained the fiscal deficit below target.


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Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
Trade Balance $-1.433 bln
Exports $2.167 bln
Imports $3.600 bln
WeeklyApril 14, 2014
Reserves $9.713 bln