The deficit increased to 8.9% of GDP in the year ended June compared with 6.6% a year ago, just ahead of IMF’s first quarterly review of its bailout deal.
An IMF report said without bold reforms, Pakistan’s economy will remain critical given its largely unaddressed weak tax administration and tough business environment.
The oil-rich Qatar is the fourth nation after China, Saudi Arabia and UAE to help rescue Pakistan as it tries to overcome a ballooning balance-of-payments crisis.
Countering insurgency needs the Pakistan Army to demonstrate a political will that ties leaders at the centre with those in the borderlands. But it may not have the imagination.
Centre for Science and Environment in new report makes case for rationalising GST on waste material, saying most informal operators can’t afford high tax & it also hinders recycling.
21st edition of annual joint military exercise will be held from 1 to 16 September, aimed at sharing military tech, operational best practices & disaster relief coordination methods.
Standing up to America is usually not a personal risk for a leader in India. Any suggestions of foreign pressure unites India behind who they see as leading them in that fight.
In the whole world, Pakistan is the only country where the Army Head tries to fix the economic woes of a country. That puts the entire civlian government to shame. But, does he have competence to tell businessmen who to run their businesses better. On the other hand, Army hogs substantial part of Pakistan’s budget. It might help, if the army gives up its claim for lion’s share of the country’s resources.
Because of ill designed plot by the British problems have become permanent and they sell ammunition to fighting countries.
In the whole world, Pakistan is the only country where the Army Head tries to fix the economic woes of a country. That puts the entire civlian government to shame. But, does he have competence to tell businessmen who to run their businesses better. On the other hand, Army hogs substantial part of Pakistan’s budget. It might help, if the army gives up its claim for lion’s share of the country’s resources.