Shakeel Ahmad

  • TExternal debt is one of the common elements found in developing countries to finance their deficits. Pakistan is no exception! It has become heavily indebted over the last five years. A major portion of its national income is spent on debt servicing every year. External borrowing is done not only ...

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  • TInternational financial institutions have been warning Pakistani rulers of low level of private sector investment in the country owing to increasing circular debt, power sector issues, unsatisfactory law and order situation and the depleting foreign exchange reserves.The country lacks a proper ...

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  • TThe outlook for Pakistan’s budget for the next financial year is challenging. At present, macroeconomic policies are overly expansionary and fundamental reforms to resolve the economy’s structural problems are not being tackled well. As a result, the economy is increasingly vulnerable ...

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  • TLast year, a conference titled “Doing Business in Pakistan” was held in London, which was organised by the UK Trade and Investment Board and the Pakistan High Commission. Its main aim was to chalk out plans to attract more British businessmen to invest in Pakistan. Over 80 business ...

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  • TIt is generally accepted that the declining trend in poverty in Pakistan during the 1970s and 1980s was reversed in the 1990s. According to official estimates, the incidence of poverty increased from 26.6 percent in FY1993 to 32.2 percent in FY1999; whereas, the number of people living below the ...

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  • TGiven its fragile balance of payments position and urgent need to boost industrial production, Pakistan needs to significantly increase its mobilisation of foreign resources. However, long-term official assistance will become increasingly scarce, while promoting large portfolio investments is not a ...

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  • T Sarfaraz Khan, a low-paid sanitary worker, may have to contribute more to the exchequer in case of expected upward revision of taxes, but he has little sway to influence the shaping of next year’s budget of the Khyber Pakhtunkhwa government. “There is talk in the newspapers and ...

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  • T Governance is generally conceived as the exercise of economic, political and administrative authority in the public and private spheres to manage a country’s affair at all levels to improve the quality of life of its people. It has three dimensions: one, the political regime; two, the ...

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  • T After assuming responsibility as Finance Minister and subsequently as Prime Minister, Shaukat Aziz, did not tire of informing the nation that Pakistan had broken the IMF begging bowl and the State Treasury was overflowing with funds. In fact, he went on to state that Pakistan would soon become a ...

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  • TThe Small and Medium Enterprise Development Authority (SMEDA) was established in 1998. It was expected to take on the challenge of developing small and medium enterprises in Pakistan. SMEDA's mission statement states that its role is to function as the promoter and facilitator of the SME sector in ...

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  • TThe now defunct Ministry of Education had announced a national education policy in 2009 with the usual fanfare attending such occasions. The purpose of the policy was to chalk out a national strategy for pursuing improvements in education. The Ministry was optimistic that many of the policy actions ...

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  • TSince its inception in 1947, Pakistan has relied on the private sector as the primary producer of goods and services. The early 1970s, however, witnessed a crippling shift towards a command economy and subordinated private sector manifested through a policy of nationalisation. Educational ...

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  • TPresident Asif Zardari may not be able to find the time from 'other engagements to realise that this is an enormously critical moment in Pakistans troubled economic and political history. He is, reportedly, not an avid reader of the emerging global political and economic trends. His advisors are ...

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  • TPakistans public schools systems deteriorating infrastructure, falling educational standards and distorted educational system impact mostly, if not entirely, on the countrys poor, thus widening the linguistic, social and economic divisions between the privileged and the underprivileged, ...

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  • TThe recent energy crisis has greatly subdued the country's economic growth. For sustainable development, Pakistan needs energy security that requires striking a balance between affordability, demand and supply options and loadshedding. The relationship between the three components is dynamic, ...

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  • TOur Prime Minister, Syed Yousuf Raza Gilani, is not a man given to deep thoughts on serious economic issues. He is completely at sea if financial or economic implications emerge from what appear to him to be simple administrative matters. Voters, in Punjab, could not be allowed to cause damage to ...

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  • TNotwithstanding the fact that feudalism and the mindset that educated urbanised men keep appearing display in opposing all forms of discrimination against women, the lives of girls and women in Pakistan have changed dramatically over the past quarter century. The pace of change has been astonishing ...

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  • TA strong economy requires a cutting edge financial system that inspires confidence and efficiently provides a wide range of financial services to households and businesses alike; and capital markets are an essential component of a strong financial system. A diversified financial system is conducive ...

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  • TSince late 2007, Pakistan has been faced with a set of serious issues: An unstable political climate, increasing domestic security threats, diplomatic pressure from the US, and an economy on the brink of failure. How did Pakistan get into this situation and how can the country regain economic ...

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  • TIt would be premature at this juncture to guesstimate the extent and scale of agricultural losses caused by the floods in Sindh, as economists believe that this exercise will take at least another three to four weeks. Last year, it took the World Bank and Asian Development Bank (ADB) roughly two ...

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  • TTo a varying degree, corruption exists in almost all countries. However, the degree to which it impacts the common peoples lives and increases poverty is directly proportional to the level of this scourge and how widespread it is in society. A countrys or provinces development depends on how much ...

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  • TThe separation of East Pakistan in 1971 may have been instrumental in raising the demand for provincial autonomy in West Pakistan. This demand became an integral part of intense political discourse and was ceded in the 1973 Constitution. However, the uneven share in the national resources, the ...

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  • TAs it struggles to contain a growing insurgency, Pakistan has aroused concern that it is a failing or fracturing state. One aspect of the international community's response has been to place new focus on its economic weaknesses. However, there are many prescriptions that could help improve the ...

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  • TSeveral factors have been identified as the main contributors of poverty in Pakistan. Poor governance coupled with economic and social factors have played a significant role in widening the gap between the rich and the poor. The slowdown in GDP growth in the last three to four years, the ...

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  • TThe macroeconomic problems faced by Pakistan today are the result of poor economic management and deteriorating governance over the last two decades. Between 1988 and 1998, Pakistan negotiated three programmes with the International Monetary Fund (IMF), but because of the frequent changes of ...

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  • TAs Pakistanis discuss the major causes and crippling effects of the worst ever power crisis in the nation's history, "loadshedding" and "circular debt" are two key phrases that have entered the vocabulary of average people in Pakistan during the last few years. Due to the anger of the people and ...

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  • TThe Police Act 1861 was legislated by the British in the aftermath of the First War of Independence. The British, naturally at that time wanted to establish a police force that would suit the purpose of crushing dissent and any movement for self-government. The Act remained operative for almost 50 ...

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  • TThe countrys top economic advisory body consisting of eminent economists, former finance ministers and other prominent personages has slammed the governments budget strategy, terming it anti-poor and claiming that it cannot boost growth due to squeezing fiscal space. It has expressed concern that ...

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  • TThe Federal budget for the next financial year was presented in the National Assembly by the Finance Minister Dr. Abdul Hafeez Sheikh. He looked untroubled by the vociferous slogans raised by members of the opposition. The budget speech could have been briefer by omitting some portions relating to ...

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  • TFor the purpose of the federal budget, governance is defined as the manner in which power is exercised in the management of a countrys economic and social resources for development. Good governance then becomes synonymous with sound development practices. Vital reforms for public expenditure may ...

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