Business Recorder

Loading Stock data...

Editorial & Opinion

Archive

User Rating: / 6
PoorBest 
  Not that Pakistan was going through enough problems already yet another issue has raised its head – Pakistan Ambassador to the US Husain Haqaani’s resignation over a secret call to the Americans to reign in the Inter-Services Intelligence (ISI). The “Memogate” issue as it is being called is a dubious drama which is on the agenda of every politically motivated individual. An American-based businessman with questionable credibility Mansoor Ijaz’s allegations should be viewed with a pinch of salt especially when our Ambassador has done so much to salvage the Pak-US relationship over the Raymond Davis saga and who kept the US aid flowing. Mansoor Ijaz, an American of Pakistani origin based in Zurich, said in a column in the Financial Times last month that a senior Pakistani diplomat asked for assistance in getting a message from President Asif Ali Zardari to the then chairman of the US Joint Chiefs of Staff Admiral Mike ...

User Rating: / 3
PoorBest 
  Smelling a rat At a time, when our foreign office is at loggerhead with the US government, a known Pakistani Qawwal Rahat Fateh Ali Khan was arrested by Indian government on money-laundering charges, refusing to give access to Pakistan Embassy officials in India. Is this incidence anything to do with the Raymond Davis' case and the Americans want to extend pressure through India? Or is it another independent mischievous action by India to disconnect the ongoing negotiation between the two issue-riddled neighbourly countries? Or both. Whatever the reason it smells of a rat. LONDON    DR GHAYUR AYUB ...
User Rating: / 2
PoorBest 
  Rais Ahmad Khan After restoration of Shah to Peacock throne, the Americans held sway in Iran, and under their tutelage Shah Mohammed Raza let loose an era of obscenity and debauchery on the pattern of the worst in Western civilisation, on one hand, and a reign of terror and oppression against intellectuals and political opponents on a scale that has few parallels in history. In the name and guise of reforms, dubbed 'White Revolution of the Shah and Populace' changes were introduced that antagonised all but his own sycophants. That set aflame the smoldering resentment against the Royal family, and his American advisors and supporters, into a virtual holocaust. The Shah had annoyed both the clergy and the intelligentsia, the students, and the 'Bazaris' - the real power-brokers and financiers of the Revolution that followed and shook the world. Shah's actions were devoid of all morality and fair play, and the ...
User Rating: / 2
PoorBest 
  Huzaima Bukhari and Dr Ikramul Haq On November 25, 2008, the International Monetary Fund (IMF) approved the $7.6 billion 23-Month standby arrangement for Pakistan, which was later enhanced to 11.3 billion in July 2009. Pakistan was committed with IMF to introduce VAT from 1 July 2010, besides a number of other reforms. However, Finance Minister, Abdul Hafeez Shaikh, in his budget speech announced that the VAT would be introduced from October 1, 2010. Much to the annoyance of IMF, the promise was not honoured even in October 2010 and beyond. Resultantly, the tranche of US$ 1.7 billion was deferred with the condition that it would not be released unless Pakistan fulfilled its commitment of introducing VAT - government has camouflaged it by calling Reformed General Sales Tax (RGST) to avoid public criticism. Even after re-appointment as Finance Minister, Mr. Abdul Hafeez Shaikh has yet not unveiled any strategy how RGST Bill, presently ...
User Rating: / 3
PoorBest 
  Akhtar Ali There is a lot of controversy these days over the Reko Diq Copper and Gold project. A number of people have requested me to explain the rather complicated issue and hence this article. A foreign company Tethyan has completed exploration of the resource located in Chaghi, the famous place where Pakistan's first nuclear explosion was carried out, and has prepared and submitted a feasibility study for consideration and approval of the government of Balochistan. The company claims, and perhaps rightly so that it has spent some 200 million US dollar on the project studies and exploration over the past several years. The company expects that it is given mining rights pursuant to its exploratory efforts and investments. The company proposes to bring a foreign investment of 3.2 billion USD and has provided for spending 50% of the investment on local procurement of goods and services. For seemingly archaic confidentiality ...
User Rating: / 1
PoorBest 
  The National Assembly Standing Committee on Railways has made several recommendations to steer the department out of its financial troubles, proposing among other measures, that the Rs 4 billion State Bank overdraft be waived or converted into equity, and that the government should take over the liability of foreign loans (worth Rs 26.6 billion) and pensions funds (Rs 6.50 billion annually). The committee also expressed concern that the government decision to cut developmental programme allocations has badly affected Pakistan Railways (PR), and that its budget has been reduced from Rs 13.6 billion to Rs 7.3 billion. It goes without saying that the PR is an essential service and hence needs to be saved from the mess it has gotten itself into. Towards that end the government ought to take at least four steps. First, it must restore the previous system of a separate budget for the railways that is presented in ...
User Rating: / 1
PoorBest 
  The PPP government has been speaking with different voices on Shah Mehmood Qureshi's ouster as foreign minister. Senior party leaders and ministers fired a barrage of criticism against Qureshi following his refusal to accept the offer of water and power ministry, and his public statement that after consulting people in the Foreign Office he did not think Raymond Davis, the American who shot dead two Pakistanis in Lahore, enjoyed blanket immunity as a diplomat. He was taken to task for not accepting the party leadership's decision to change his portfolio. The newly appointed Information and Broadcasting Minister Firdaus Ashiq Awan criticised him for 'creating a bad environment' regarding the Davis immunity issue. Awan even evoked ridicule - she was a member of the party General Musharraf patronised, PML-Q, until shortly before joining the PPP - as she took a personal dig at Qureshi alleging that he had left the cabinet ...

China Wholesale

brindex
9574.19   Arrow 53.38
+

Banking Review 2011

The Wall



Disclaimer | Privacy Policy | Terms of Use | Contact Us | Careers | Help | Site Map Aaj TVAaj TV Urdu Stock News | Play TV