Overseas Pakistani Friends

The government has withdrawn exemption of customs duty, sales tax and withholding tax on import of old and used vehicles including cars and jeeps (800cc to 1800cc) of non-Asian makes ie, European, USA, etc. Through SRO (I)/2010, issued on Friday.

The factors responsible for the reduction in water supply include increase in population, climate change, lack of construction of water reservoirs, and misplaced use
of the Jhelum and Chenab rivers by India under the Indus Water Treaty (IWT) of 1960
 

The Debt Office of the ministry of finance has released Fiscal Policy Statement 2009-10 in end-January 2010 to fulfill the requirement as laid out under section 6 of the Fiscal Responsibility and Debt Limitation Act 2005.

By Dr. Noor Fatima
 Our growth strategy has failed, it is a fact, but do we require another serious crisis to grasp this piece of information?  In the prevailing economic scenario, it becomes mandatory for one to be fully aware of what went wrong historically in the country’s economic planning. In reality there is a [...]

The State Bank of Pakistan released on Tuesday first quarterly report for fiscal year 2010 on the state of the country’s economy. Following are the economic outlook and executive summary of the report.

  KARACHI: Pakistan’s expected rate of inflation for the fiscal year 2009-10 has been revised upwards to 11 percent from an earlier projection of 9 percent on higher energy costs, the International Monetary Fund (IMF) said.

Some details about newly introduced Suzuki Swift in Pakistan

From anticipated default to vulnerable economic recovery
By M. Sharif
 During the year under review, the economy has moved away from a precarious state of sovereign default on account of depletion of hefty forex reserves of more than $16.5 billion in October 07 to $6.0 billion by November 08, because of steep increase in prices of [...]

 
KARACHI: The government has notified the rules for the National Saving Bonds, which could also be traded in the stock exchange and could be pledged as securities in Pakistan.

By Ansar Abbasi
The post-1996 probe into the Agosta submarine deal, which led to the removal of the then-Chief of Naval Staff (CNS) Admiral Mansurul Haq and a corruption reference against Benazir Bhutto and Asif Ali Zardari, was an alleged cover-up to save many key officials of the Pakistan Navy, besides turning a blind eye to [...]