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Saturday 4, July 2015
 
 
 
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Columns


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...


Deepening poverty

By: Web Desk, Uploaded: 19th June 2015

Deepening poverty There are more beggars on the streets of Pakistan today, the street-muggers are no more forgiving and extremism is on the rampage – as if “rude inelegance of poverty reigns here alone”. Notwithstanding the many claims of giving pro-poor annual budgets and of making tangible moves towards alleviating poverty, the ground realities refuse to budge....


The Balochistan budget

By: Web Desk, Uploaded: 19th June 2015

The Balochistan budget The Balochistan budget 2015-16 envisages a deficit of 26 billion rupees with a 25 percent increase in its current expenditure and 6.4 percent increase in development expenditure. While at first glance this allocation may merit criticism yet it is relevant to note that Balochistan has faced an insurgency for decades which requires appropriate amounts for...


DG Rangers and Karachi’s parrot market

By: Web Desk, Uploaded: 17th June 2015

DG Rangers and Karachi’s parrot market Does the state have any moral legitimacy to collect taxes of any kind from the populace, when other non-state actors have already illegally taken monies from the citizens? BR Research A few days ago DG Rangers created quite a stir in political circles. He said that more than Rs230 billion is being collected illegally in...


Too many strikes

By: Farah Jamil, Uploaded: 16th June 2015

Too many strikes Political parties have taken to the habit of calling shutter-down and wheel jam strikes as a regular instrument of protest. The tripartite opposition alliance in Khyber Pakhtunkhwa tried to enforce a shutter-down strike all over the province to protest alleged electoral rigging in the local government polls, and demand that the provincial government step down....


Zarb-e-Azb’s first anniversary

By: Web Desk, Uploaded: 16th June 2015

Zarb-e-Azb’s first anniversary On the first anniversary of the launch of the Zarb-e-Azb the army released data of significant gains against the menace of terrorism: 2763 terrorists killed, 837 hideouts destroyed and 253 tons of explosives recovered. Major-General Asim Bajwa, military spokesman, confirmed that there have been significant achievements with “strongholds, communication infrastructure and sanctuaries” of militants largely...


The Sindh budget

By: Web Desk, Uploaded: 15th June 2015

The Sindh budget The Sindh budget unveiled by Murad Ali Shah, provincial finance minister, on June 12, 2015, seems to be a routine affair, barefoot of any major initiative to take bold revenue mobilisation measures and ensure equity in taxation. The similarity between the last two budgets for FY15 and FY16 is in fact so profound that overall...


The Punjab budget

By: Web Desk, Uploaded: 15th June 2015

The Punjab budget Dr Ayesha Ghaus Pasha, the newly-appointed Punjab Finance Minister, made history by being the first woman to present the provincial budget. Unfortunately though there was little change in heavy reliance on the federal divisible pool for finances, to the tune of 78 percent in 2014-15 and 77.6 percent in 2015-16, and the expected rise of...


Who funds terrorism in Karachi?

By: Web Desk, Uploaded: 13th June 2015

Who funds terrorism in Karachi? Karachi’s contribution to national kitty is indeed never less than twice of what is made by rest of the country. But where it also excels is its contribution to the ‘jugga tax’ it regularly pays to underworld syndicates and to their surface-world dons. According to an estimate presented to the Sindh Apex Committee on June...


Modi on warpath?

By: Web Desk, Uploaded: 12th June 2015

Modi on warpath? Ever since its independence, in 1947, India has been plagued by a score of insurgencies, some for autonomy and others for homeland. Per force, a large chunk of the Indian armed forces is perpetually deployed on ground to deal with insurgents. But their success against insurgents has been patchy, though quite expensive in terms of...


Post-Mastung APC

By: Web Desk, Uploaded: 11th June 2015

Post-Mastung APC If the enemy thought the Mastung massacre would put the Pushtun and the Baloch in Balochistan on a collision course, it should think again. It has not, thanks to political maturity and farsightedness shown by the political leadership of the province. In fact, by now it is amply evident that the principal source of trouble...


Modi in Bangladesh

By: Web Desk, Uploaded: 10th June 2015

Modi in Bangladesh In a special gesture, reflective of a shared hostility towards Pakistan, during his recent visit to Bangladesh, Indian Prime Minister Narendra Modi, received from his host Sheikh Hasina’s government “Bangladesh Liberation War Honour” on behalf of former BJP prime minister Atal Behari Vajpayee for his “active role” in BD’s ‘independence’ struggle. Explaining the ‘active role’...


Girls, chose life over fashion

By: Web Desk, Uploaded: 8th June 2015

Girls, chose life over fashion By Farah Jamil I ride a motorbike to work every day- and no I am not psyched about the new law making helmets compulsory for everyone- even women and children. A new rule by the city administration has made it mandatory for all pillion and bike riders to wear helmets. The rule has no gender...


Dar’s awkward drive

By: Web Desk, Uploaded: 8th June 2015

Dar’s awkward drive Country’s economy continues to be in a stabilisation mode strictly in accordance with an agreement the PML-N government reached with the International Monetary Fund (IMF) in Dubai as growth prospects are still quite dim. The question is: Are we really moving towards growth anytime soon? Fiscal consolidation and a reduction in the fiscal deficit constitute...


The Budget

By: Farah Jamil, Uploaded: 6th June 2015

The Budget Finance minister Ishaq Dar yesterday presented a rupees 4,451 billion budget for fiscal year 2015-16 – an increase of 3.5 percent over 2014-15. The resource availability is estimated at rupees 4.168 trillion (4,073 billion in FY15); of which net revenue receipts are estimated at rupees 2,463 billion, a 10.7 percent increase over the budget estimate...


The taxation challenge

By: Web Desk, Uploaded: 5th June 2015

The taxation challenge Oliver Wendell Holmes Jr., an early 20th century US Supreme Court Justice, had famously said: “Taxes are what we pay for civilised society”. But James Madison, a US President, had articulated a profound argument 200 years ago: “The power of taxing people and their property is essential to the very existence of government.” But much...


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