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It has been one year since the Hindustani voters gave a once-in-a-generation mandate and absolute power to Narendra Modi in the name of economic change. No other Prime minister since Indra Gandhi has enjoyed this much popularity.
Going back fifteen years from now, the introduction of Millennium Development Goals (MDGs) came to light as an ambitious pathway to tackle the crucial issues of poverty, inequality, environmental degradation and insecurity. However, with constant struggles during these years, it looks like the Asia and the Pacific region now stands in a better state.
The existence of effective rule of law is the keystone in a society's development, accountability, and equity, as it reduces crime, corruption, poor governance, poverty, illiteracy and discriminations in general. The World Justice Project (WJP) has been issuing data on rule of law through its WJP Rule of Law Index since the last five years.
And you thought the China-Pakistan Economic Corridor is the only game changer in town. Think again! For a housing boom is waiting to happen, if and when the Finance Minister Ishaq Dar decides to go ahead and announce the much delayed housing policy.
If it had not been for perishable food price cycle which seems to have reversed of late, month-on-month inflation would have stayed flat. Food inflation was almost entirely responsible for the 0.76 percent month-on-month change in inflation numbers for May 2015. More than three-fourth of the month-on-month CPI increase was caused by perishable food items.
The local government elections of 2015 in Khyber Pakhtunkhwa were a mammoth exercise. This election was much more comprehensive than the last such exercise conducted in 2005. Back then 12,818 seats were contested in 986 union councils.
Federal Budget FY16, the government's third fiscal budget, is about to be announced this week, and from all the pre-budget talks and information divulging activities, it looks like the government will have to move onto the next level i.e., from macroeconomic stabilization to kick starting the stagnant growth spell. An indication of this comes from the growth level of around 5.5 percent proposed for the next fiscal year.

 



 
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Banking Review 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyMay
Trade Balance $-1.894 bln
Exports $1.953 bln
Imports $3.847 bln
WeeklyJuly 01, 2015
Reserves $18.5 bln