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December 2014

December 2017

World in Focus (Oct-Nov 2014)

National & International  National Oct 16: Amir Dogar, a PTI-supported independent candidate, defeated Javed Hashmi to win the NA-149 by-election. Oct 16: The WHO held that Pakistan is responsible for nearly 80 per cent of polio cases reported globally. Oct 17: Germany and the UNDP pledged 1 million euros for return and rehabilitation of IDPs of North Waziristan. Oct 17: …

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67 Years of PAKISTAN’s ECONOMY

A Mixture of Successes and Failures Quotes Government’s view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it. Ronald Reagan Economy is the basis of society. When the economy is stable, society develops. The ideal economy combines the spiritual …

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EYING ECONOMY’S FUTURE

Studies across the world show that political instability in a country is negatively related with its economic performance: it scares away capital, slows growth, pushes unemployment and increases poverty. Pakistan is facing the twin challenges of economic slowdown and militancy. The issues which create a political instability in the country take the government’s focus away from the real issues that …

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THE ECONOMICS OF PRIVATIZATION

Pakistan is willing to sell its silver. Why? The probable reason is that these public sector institutions have been very inefficient and are bleeding the economy. There are many reasons for this debacle. For instance, mega projects are not only ill-conceived but are also more egoistic than what we have at the moment, and the future of these new mega …

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ECONOMY AFTER THE GLOBAL FINANCIAL CRISIS

The world economy experienced a severe downturn following the emergence of global financial crisis that started with the burst of housing bubble in the United States in 2007. This bubble was formed due to the monetary policy which enabled the people to borrow at very low cost and it eventually led to excessive lending. Massive increases in subprime mortgages backed …

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ECONOMY 2014

For the media, good news is not news. To be certain, every coin has two sides and every cloud has a silver lining. Yes, the economy is cloudy, murky and muddy but here’s the silver lining: One: Budget deficit, the root cause of at least a hundred other financial ills, is at 5.5 per cent of GDP ‘more contained than …

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Whither Global Peace

Prospects of Peace in an Over-armed World Ancient Greek philosopher, Aristotle called man a social animal by nature because it’s a unique mix in his personality that he cannot live in isolation, but when living with others, he fights with them. Since the beginning of the world, this unique blend has led man to create chaos and provoke violence ergo …

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THE ASSASSINATION

With threats at her heels, Benazir had always faced opposition from Islamic extremist groups for her liberalism and support for the US’ War on Terror. Well aware she was of the fate that might await her, Ms Bhutto explicitly brushed it off, in spite of insistences from authorities. Rawalpindi’s famous Liaquat Bagh was clad with crimson, green and black, on …

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ACING YOUR INTERVIEW

In recent years, the importance of Viva Voce has become ever-more profounder. The number of candidates appearing in the Competitive Examination (CE) has increased significantly, ergo enhancing the competitiveness. For instance, over the past 2 years the pass percentage in the written portion of the exam has dropped considerably to around 2-3 per cent. It is important to note that …

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