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Comparing budgets

Published on July 23, 2014The national and provincial budgeting cycle has come to an end, though Pakistani governments often present mini-budgets through tax and rate hikes later on. They also rarely stick closely to budgeted revenue and expenditure estimates. Thus, analysing Pakistani budgets means analyzing to some extent wishful intentions. Nevertheless, a comparison of the national and five provincial budgets produces several interesting trends on both revenue and expenditure side.Read full story

Power crisis back to square one

Published on July 23, 2014In the wake of the power shortfall touching a peak of over 7,000MW, the Federal Minister of Water and Power Khawaja Mohammad Asif, flanked by the State Minister and the Federal Secretary of the said ministry, while addressing a press conference invoked God's help to overcome power crisis and apologised to the nation over prolonged outages even at Sehr and Iftar. It is an ominous and telling moment that does not bode well for the future.Read full story

Argentine default in balance as govt refuses to capitulate

Published on July 23, 2014Argentine President Cristina Fernandez's unflinching poker face in the battle against "holdout" investors suing the country is increasing the odds that her government will default for a second time in 12 years at the end of this month.Read full story

Partly Facetious: Some itches generate inhuman results

Published on July 23, 2014"So another one with a six-month itch?"Read full story