When it comes to statistics, it is often the case of unto your numbers, unto mine. Still, even crude estimates of provincial spending on education suggest if things continue the way it has been budgeted for FY15, children in Sindh will be in the worst off situation within a few years time.
The rapid slump in Pakistan Telecommunications Company Limited (KSE: PTC) share price following ICH annulment on June 17 shows that stock traders are indeed a fickle lot. The news led to a panic selling resulting in a 5 percent loss in share price the next day. By yesterday close, PTC was down over 12 percent since the news broke, even though the stock gained 2.4 percent in yesterdays trading.
Back when the Chaudhrys of Gujrat were ruling Punjab (2002-07), a modern mass transit system was planned with special coverage of major commercial and residential corridors in a phased manner. The plan was to have four lines, with 7 interchange stations of independent transit systems connecting the city.
Pakistans position on the Global Peace Index has not budged in 2014 rankings. But don be relieved; the countries like Pakistan and Nigeria have already been at or near the highest possible scores, says the latest Global Peace Index (GPI) Report.
The civil war in Iraq has jolted global oil prices; London Brent has surged by 6 percent (or $6/ barrel) in ten days. Forecasts by global analyst community have increased by $10-15 per barrel. Pakistan’s economic weakness due to pricier oil is nothing new.
Criticise him all you want, but the fact is that Finance Minister Ishaq Dar’s “transactions” have staved off a BoP crisis for the foreseeable future. Now, he is on his way to close his maiden fiscal year with some solid BoP surplus, while his detractors pick holes in the maverick accountant’s exploits.
The finance ministers from all over the world should soon be landing in Quetta. Well, if law-and-order situation does not allow, at least Ishaq Dar and his provincial counterparts should definitely take the first available flight, sit with Balochistan’s finance guru, plead him if need be and ask how he managed to achieve an unbelievingly high proportion of direct taxes of 97 percent.