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Saturday 1, August 2015
 
 
 
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Columns


Economy on a treadmill

By: Web Desk, Uploaded: 28th July 2015

Economy on a treadmill -Editorial Pakistan’s central bank has kept its policy rate unchanged at 6.5 percent, thereby maintaining its accommodative monetary policy stance for the next two months. This ‘wait and see’ attitude is based on some sound reasons. Banks on the other hand are making heavy investment in government papers and trades on the secondary market have...


On the eve of second round

By: Web Desk, Uploaded: 28th July 2015

On the eve of second round -Editorial Even when the second round of peace talks between representatives of Taliban and officials of Afghan government is almost certain and may take place by the end of July the situation on the battlefront remains fluid. Clashes between government troops and Taliban fighters remain a regular affair, periodically punctuated by the US drone strikes....


Havoc in Chitral

By: Web Desk, Uploaded: 24th July 2015

Havoc in Chitral -Editorial Those among us who think climate change is others’ concern and not ours should think again. It is very much our concern; the terrible havoc caused by the recent spell of driving rains in Chitral being the proof evidence. Experts say it was a deadly combination of glacial lake outbursts and cloud outbursts, both...


Critical fallout of Iran deal

By: Web Desk, Uploaded: 16th July 2015

Critical fallout of Iran deal -Editorial After 20 months of tough negotiations, some quite gruelling, Iran and the global powers have succeeded in sealing a nuclear deal, a deal that both sides deservedly claim as vindication of their stated positions. Iran always said its nuclear programme is for peaceful purposes bereft of any move to develop nuclear weapons, and the...


Simplify WHT regime

By: Web Desk, Uploaded: 15th July 2015

Simplify WHT regime -Editorial Although, the PML (N) government has had a Presidential Ordinance issued to cut the rate of withholding tax from 0.6 percent to 0.3 percent as a result of its talks with representatives of traders, the business community is, however, still worked up. Demanding its immediate withdrawal. Business leaders have threatened to launch a countrywide...


Choosing electables over old loyalists

By: Web Desk, Uploaded: 15th July 2015

Choosing electables over old loyalists -Editorial During the recent days, several so-called electables from the Punjab PPP abandoned their party to join the PTI. While it is obvious that they are doing so out of disillusionment about the PPP’s future prospects of returning to power, the PTI may have less to gain and more to lose from following traditional patterns...


Be aware of the pitfalls

By: Farah Jamil, Uploaded: 14th July 2015

Be aware of the pitfalls -Editorial According to a Business Recorder exclusive, the Federal Board of Revenue (FBR) and the tax experts from the International Monetary Fund (IMF) are going to hold discussions in Dubai on the pitfalls of the General Sales Tax (GST) presently collected in VAT mode; they are said to be seeking to replace it with Single...


Afghan peace talks

By: Web Desk, Uploaded: 14th July 2015

Afghan peace talks -Editorial The representatives of Afghan Taliban have met with the Afghan government’s official delegation and decided to meet again after Ramazan. Such meetings were held earlier too, but this one is fundamentally different in that this is the first publicly-acknowledged peace talks. It was the office of President Ghani Ashraf that announced that the two...


It takes years to build up trust, and only…

By: Web Desk, Uploaded: 13th July 2015

It takes years to build up trust, and only… -Editorial The Federal Finance Minister, Muhammad Ishaq Dar, has shown in a characteristic manner the spine to withstand pressure from PML (N) supporters, the traders, mainly retailers who are demanding withdrawal of 0.6 percent withholding tax on banking transactions of non-filers. However, he has halved the rate to 0.3 percent, which is the rate for...


The below par regulator

By: Web Desk, Uploaded: 13th July 2015

The below par regulator -Editorial It turns out that the Drug Regulatory Authority of Pakistan (DRAP) is not equipped to perform its principal function of checking the quality of medicines, and hence is not recognised by the World Health Organisation (WHO). The issue holds serious ramifications both for public health in this country and the drug manufacturing industry’s export...


Rangers’ operations in Karachi

By: Web Desk, Uploaded: 11th July 2015

Rangers’ operations in Karachi -Editorial After much hesitation the Sindh government renewed, at the last hour, its request to the Interior Ministry for the Rangers to stay on in the province for another one month. The issue of contention in fact has not been extension in stay but in policing powers of the paramilitary force. It has been quite...


Will new STPF yield desired results?

By: Web Desk, Uploaded: 7th July 2015

Will new STPF yield desired results? -Editorial The Commerce Ministry has expressed legitimate fears that a fall in country’s exports by nearly 5.5 percent could have adverse consequences on economy. The reasons for the decline are attributed to the monetary policy, tariff and tax regime and poor synergy between industrial and investment policy or on poor infrastructure and lack of labour...


PPP desertions in Punjab

By: Web Desk, Uploaded: 7th July 2015

PPP desertions in Punjab -Editorial The Pakistan People’s Party suffered its first major organisational setback on Wednesday when a number of prominent members, including former minister of state for information and a senior vice president of the party in Punjab, Samsam Bokhari, and former MPAs Ashraf Sohna and Ikramullah announced their decision to leave the PPP and join the...


What will Greek referendum mean?

By: Web Desk, Uploaded: 6th July 2015

What will Greek referendum mean? -Editorial Greeks will vote in a referendum today to accept or reject the plan made by Greece’s principal creditors – the IMF and the European Union – on June 25th amid a sense of crisis fuelled by cash rationing and burgeoning protests. On the eve of this referendum, Yanis Varoufakis, has accused the country’s creditors...


An end to the Cold War

By: Web Desk, Uploaded: 6th July 2015

An end to the Cold War -Editorial The United States and Cuba have re-established diplomatic relations, formally putting an end to the Cold War that had bedeviled international security and global peace for greater part of the 20th century. If the world ever came close to a nuclear Armageddon it was over the conflicting worldviews between these two countries. The United...


Who should be the regulator?

By: Web Desk, Uploaded: 4th July 2015

Who should be the regulator? -Editorial The Senate Standing Committee on Finance is at odds with its counterpart in the National Assembly on the question of licensing of Credit Information Bureaus, which at present are licensed by the Securities and Exchange Commission of Pakistan (SECP) and operated by the private sector. The bill under discussion in the Senate seeks to...


Moving against the corrupt

By: Web Desk, Uploaded: 4th July 2015

Moving against the corrupt -Editorial The federal government has decided to file cases of misappropriation of billions of rupees development funds in Sindh. Cases would reportedly be filed against project directors, director generals of the relevant development authorities, engineers, consulting companies and project resident engineers by the National Accountability Bureau (NAB). Consequently, a lot of bureaucrats serving in Sindh,...


President Ghani’s dilemma

By: Web Desk, Uploaded: 3rd July 2015

President Ghani’s dilemma -Editorial The Afghan president, Ashraf Ghani, is understandably frustrated; he finds himself increasingly inadequate to blunt the Taliban’s annual spring offensive which moves closer by the day. No doubt attack on the parliament was effectively checked – Afghan intelligence agency NDS says it knew it was coming – but in Kabul and elsewhere the offensive...


Exposing Indian meddling

By: Web Desk, Uploaded: 2nd July 2015

Exposing Indian meddling -Editorial At long last Pakistan has decided to raise the issue of India’s meddling at the United Nations Security Council and upcoming UN General Assembly session. It should have been done much earlier, for there was always sufficient evidence at hand suggesting Indian intelligence agency RAW’s hand in fomenting insurgency in Balochistan and promoting terrorism...


Right planning is the premise of progress

By: Web Desk, Uploaded: 24th June 2015

Right planning is the premise of progress Federal Minister of Interior Chaudhry Nisar Ali Khan has made a profound observation with regard to criticality of electricity on election outcomes. According to him, PML-N can only win the next election if it can provide electricity to people. Otherwise, the going will get tougher. That PML(Q) and PPP lost elections in 2008 and 2013,...


Attack on Afghan parliament

By: Web Desk, Uploaded: 24th June 2015

Attack on Afghan parliament Editorial It is almost given that as snow melts opening space for wider conflict there is noticeable spike in Taliban attacks on the government positions. But the stridency their annual spring offensive acquired this year is unprecedented. After pushing out the government forces from some critical areas in Helmand they have now besieged Afghanistan’s fifth...


N-power plants in Karachi: a dangerous proposition

By: Web Desk, Uploaded: 23rd June 2015

N-power plants in Karachi: a dangerous proposition The government has gone ahead with the plan to construct two nuclear power stations at Paradise Point near Karachi despite serious civil society reservations. According to a press report, the Sindh Environmental Protection Agency (SEPA) recently gave its approval to the project’s environmental impact assessment (EIA) report paving the way for the Pakistan Atomic Energy...


Credibility of budget estimates!

By: Web Desk, Uploaded: 23rd June 2015

Credibility of budget estimates! According to a Business Recorder exclusive, the federal budget has over-estimated its budgeted non-tax revenue by 56 billion rupees for the outgoing fiscal year by claiming in its revised estimates that the amount was realised through sale of 3G/4G licenses even though, as per Pakistan Telecommunication Authority (PTA) officials, no such transaction took place in...


Moody’s rating upgrade

By: Web Desk, Uploaded: 22nd June 2015

Moody’s rating upgrade It was good to see that when National Assembly was still discussing the pros and cons of the annual budget for the year 2015-16, Moody’s Investor Service upgraded Pakistan’s sovereign credit rating from Caa1 to B3 besides improving the rating assigned to the US dollar Trust Certificates issued by the Second Pakistan International Sukuk Company...


Why do we continue to fool ourselves?

By: Web Desk, Uploaded: 22nd June 2015

Why do we continue to fool ourselves? The Federal Minister for water and power Khwaja Asif after a meeting on energy chaired by Prime Minister Mian Nawaz Sharif announced that there shall be no loadshedding at Iftar and Sehr while the industries in the month of Ramazan would need to do away with the night shift and instead work on a two-shift...


No quick resolution to PPP-army row in sight

By: Web Desk, Uploaded: 19th June 2015

No quick resolution to PPP-army row in sight by Ismail Dilawar and Mohammad Bilal Tahir KARACHI: Corps Commander Karachi Lieutenant-General Naveed Mukhtar on Thursday put his weight behind Pakistan Rangers which the Sindh government claims is transgressing its constitutional limits while operating against terrorists in this volatile metropolis. The political atmosphere in the country, particularly in the PPP-dominated Sindh province, is boiling since...


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