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Unending spate of bomb blasts elsewhere in the country has generated a deep sense of insecurity among the citizens, which has indirectly contributed towards a dangerous economic slowdown, and poverty generation. As socio-economic backwardness, aided by indoctrination, is said to be one of the major causes of terrorism, the vicious circle must be broken through distributive justice.

The causes of road accidents in Pakistan have been categorised into three broad types: one, accidents related to poor mechanical condition of the vehicle which makes it un-roadworthy; two, professional skill of the driver and three, his training in, and knowledge of, traffic rules and regulations. There has been an ominous increase in the number of road accidents in Pakistan due to factors ranging from increase in population, irregularities in licensing procedures to insufficient training of drivers.
Apropos 'Public Verdict on Democracy: 2008-2013' by Pildat-Gallup, there is a clear split between the rural and the urban members of the jury. Compared to their rural counterparts, the urban members were much more critical of the process of democracy during the past five years. While -41% of the urban members gave an overall negative rating to the process of democracy during the past five years, the verdict of rural members of the jury was considerably less critical as -12% of them gave an overall negative rating. This difference shows up even more sharply in individual verdicts given on the 10 dimensions of democratic process.
Among the inner circle of Nawaz Sharif, Senator Pervez Rashid seems to be the best candidate for governorship of Punjab. Only four days were left for his permanent residency in UK, when he decided to go to Pakistan with Nawaz Sharif on September 10, 2007. When asked why couldn't he delay his departure for four days, he replied: "My life is in Pakistan, my heart beats in Lahore and my loyalties are with Mian Sahib.
Your editorial "Ban on use of air conditioners" on May 12, is untimely and to call PM's action "inane" is really not fair! How can you say that banning general use of air conditioners in government offices will not reduce the demand for electricity?
Apropos a letter 'Taxes linked to aid' carried by the newspaper yesterday, our parliamentarians, with around 70 to 75 percent from a rural background, have invariably taken refuge behind the constitutional provision that bars the federal government from taxing farm income at the same rate as levied on the salaried class. In other words, those who earn a salary of more than 34,000 rupees a month are liable to pay income tax while a rich landlord with a net income (excluding his cost of production) in excess of that amount would not be liable to pay income tax.
The British government's intent to increase assistance to Pakistan from 267 million pounds to 446 million pounds by 2014/15 generated some serious concerns during a meeting of the Commons International Development Select Committee.

 



 
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Banking Review 2012

Annual2011/12
Foreign Debt $65.562bn
Per Cap Income $1,372
GDP Growth 3.7%
Average CPI 10.08%
MonthlyFBS July-June
Trade Balance $-21.271 bln
Exports $23.641 bln
Imports $44.912 bln
WeeklyMay 13, 2013
Reserves $11.863 bln