Apr 302008
 

By Aftab Ahmad Khan

Inflation, which is a phenomenon with momentous economic, social and political consequences, may be broadly defined as a sustained increase in the general price level. It may, however, be noted that all prices need not rise together. Relative prices may increase at varying levels, but in the process push up the general price level. Cyclical swings in prices cannot be termed as inflationary e.g. wheat shortfalls in one season may cause its price to rise but the next year normal production could adjust its price to equilibrium level. Continue reading »

 Posted by at 8:20 pm
Apr 302008
 

Concerns about proliferation of nuclear weapons to rogue States and their possible use by terrorists, has been increased since September 11, 2001, terrorist attacks. Since then, the administration has updated the U.S National Security Strategy (NSS) against WMD by declaring that nuclear weapons may be used in response to Chemical and Biological threats and has produced a Nuclear Posture Review (NPR) that asserts that new nuclear weapon capabilities are needed to defeat WMD targets and deeply buried and hardened targets. Continue reading »

 Posted by at 7:02 pm
Apr 302008
 

By Haider Nizamani

FOR the MQM leader Altaf Hussain and Ayesha Siddiqa, ‘feudalism’ is alive and kicking in Pakistan. According to the MQM’s 2008 election manifesto “the prevalent feudal system of (sic) Pakistan is the main obstacle in the progress of the country and the prosperity of the people”. Continue reading »

 Posted by at 6:11 pm