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Qureshi 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 ...

Ill-conceived schemes Widely advertised in the media and at various national saving centres throughout the country, the scheme to sell treasury bills to the general public seems to have died down with a whimper. According to reliable sources, the Ministry of Finance has finally blocked the initiative of the Central Directorate of National Savings (CDNS) for mobilising Rs 80 billion public savings through short-term treasury bills with a maturity period of three months to one year because ...
EDITORIAL (September 24 2010): Failure to resolve the ongoing tussle between the public sector universities and the finance ministry led the universities to close their doors last Tuesday in response to the announcement by their vice chancellors. That it brought about an immediate response from the government to reverse the cuts in their budgets, though welcome, is a sad testament to the fact that response of governments in Pakistan is directly proportional to the pressure ...

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EDITORIAL (September 23 2010): According to a Business Recorder exclusive, the revised budget for fiscal year 2010-11 would be submitted to the Cabinet after the Damage Needs Assessment (DNA) is complete. The date of its scheduled completion has been identified as 15 October by the World Bank and the Asian Development Bank. ...

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EDITORIAL (September 24 2010): Speaking at a meeting in Lahore recently, the chief of the Small and Medium Enterprises Development Authority (Smeda) disclosed that the devastating floods had affected an estimated 310,000 small businesses across the country. As floodwaters recede, these enterprises have to contend with new challenges. ...

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EDITORIAL (September 23 2010): From behind political uncertainty and confusion the early contours of an in-house change of government are coming into view. And it is plausible that such a change takes place quite soon, possibly within the next few weeks. As to what those contours tend to depict, it appears that Pir Pagara was almost prophetic when he told the visiting PML (Q) leadership that the next prime minister would be from his party, ...

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EDITORIAL (September 07 2010): It is more than apparent that fresh fiscal measures have to be taken to respond to the new situation, arising from large-scale devastation caused by floods.According to a report in a reputed newspaper, the government has decided in principle to impose a flood tax on all imports and a surcharge in the range of 5 to 10 percent on all incomes exceeding Rs 300,000 per annum, including salaries and profits, not ...

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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklySeptember 25, 2014
Reserves $13.305 bln