From the highest to the lowest and with the economy tumbling after, the Jack-and-Jill journey of foreign direct investment has been one ferocious reality of the government’s failure to boost investment.
The rejection of PIB auction bids by the cash-strapped government, which was once seen as a rare happening, now appears to be frequent tale. For the third time in a row, the government has rejected the whole lot of bids put forth by the dealers.
The National Assembly is completing its constitutional five-year term tomorrow. Holding the elections on time would mark a successful political, democratic transition-a first for Pakistan! The historic nature of these anticipated events must, however, force a change of expectations the electorates attach to their representatives and a shift in thinking about what the latter are actually supposed to do for the former.
Theres a reason why water is one of the four essential elements on this planet. And the Asian Development Banks report Asian Water Development Outlook 2013 (AWDO 2013) highlights this reason even more.
Two problems are highlighted in particular by the report: first, that there is inequitable distribution of water amongst rich and poor households in urban and rural areas; and secondly, that 80 percent rivers in Asia are in poor health, thanks to ineffective resource management.
Evidence of the United States quick recovery is growing stronger. After healthy jobs and factory data, the Dow Jones Industrial Average index has been rising steadily, showing record highs for the past few weeks.