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Political economy & socioeconomics

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Bombed economy After a short-lived cease fire, the terrorists, the suicide bombings and the drone attacks are back in business.  The dilemma is growing stronger with every passing day as the one Pakistan fights for and the one it fights with; both are continuing with their rampage – badly hurting the country’s image, identity, sovereignty and economy. The Social Policy and Development Centre (SPDC) recently published a report on Social Development in Pakistan citing the security related problem as the single biggest hurdle for Pakistan towards achieving economic prosperity. The report states that the security breakdown creates a vicious circle that triggers economic crisis as well as political instability and governance failure. The griping security crisis in Pakistan results in higher transaction costs, diversion of resources from productive uses and loss of life, property and investment to trigger an economic collapse. This in turn reduces the efficacy of economic management, which brings in poor ...

We don’t need ‘no-education’ Pakistani policymakers are renowned for slipping some significant policy issues under the carpet. Be it the implementation of RGST, issues of sick SOEs, or more pressing development issues such as education. The Pakistan Education Task Force (PEFT) draws attention to the dearth of quality education in its aesthetically appealing report titled ‘Education Emergency Pakistan’. Highlighting the pitiable state of affairs in the education arena (7 million children deprived of primary education in the country, a less-than-adequate percentage ...
Just about three years ago, the PPP and PML(N) agreed to form a coalition on the basis of what was then termed, “a common agenda”. Today, the marriage of convenience has been conveniently turned into a divorce. The walking out of PML(N) may have several motivations and implications best left for pedantic political analysts to peruse over and over again. But one motivation simply stands obvious: ‘a fragile economy and the threats it faces – with ...
Employed illiteracy Providing employment to the youth may not be the best-selling mantra for the politicians, come the next elections, as there is hardly any room for more employment in Pakistan. The country is brimming with 94.4 percent employment rate. Yes – you heard it right – only 3 million people amongst the labour force in Pakistan are unemployed. At least, that is what the recently released Labour Force Survey 2009-10 shows, putting Pakistan well ahead of the ...

 



 
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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