Following are important features of the Pakistan budget for Fiscal Year 2012-2013 Government employees salaries The government on Friday announced 15% increase in the pay of all government employees and the personnel of armed… Read More »Highlights of Pakistan Budget 2012-2013
Geo News report The government is expected to announce in the federal budget-2012-13 several reliefs in income tax, federal excise duty and sales tax on Friday evening. Besides providing relief in income tax, a uniform… Read More »Pakistan Budget 2012-2013: Income tax exemption limit raised by Rs50000
Agriculture sector posts 3.15 percent growth
The agriculture sector posted a growth of 3.1 percent during 20110-12 mainly due to positive growth in agriculture-related sub-sectors, except for the minor crops.
According to the Economic Survey of Pakistan 2011-12 on Thursday, major crops accounted for 31.9 percent of agriculture sector and experienced a growth of 3.2 percent in fiscal year 2011-12 as against the negative growth of 0.2 percent in 2011. The significant growth in major crops was contributed by rice, cotton and sugarcane by 27.7 percent, 18.6 percent and 4.9 percent, respectively.
Read More »Pakistan economic survey 2011-12
Investment in higher education in the country continues to reap dividends as according to QS World Universities Rankings 2012, five Pakistani universities have won a place in the list of top 300 universities in Asia.
Quacquarelli Symonds (QS) UK is the world’s most renowned and prestigious ranking agency.
National University of Science and Technology (NUST-108), Karachi University, AKU, Lahore University of Management Sciences and Lahore University are now in top 300 Asian universities.
It speaks volumes of the hard work put in by the management and faculty of these universities and consistent support of the Higher Education Commission (HEC).Read More »QS Ranking 2012: 5 Pakistani universities among 300 top Asian universities
* Analysts say miniscule tax revenues, mismanagement and overgenerous subsidies mean country faces major financial crisis
Miniscule tax revenues, mismanagement and overgenerous subsidies mean Pakistan is heading for a new financial crisis, say diplomats and analysts, with this week’s budget unlikely to offer any respite.
The budget deficit stood at 6.6 percent of GDP last year, according to the State Bank of Pakistan (SBP), which warned that government borrowing was crowding out the private sector from access to credit.Read More »Pakistan heading for new financial crisis
By Bushra Zulfiqar
Education is not only the path towards economic development and social progress but it essentially is also the push factor towards human excellence and intellectual liberation. It is the art of knowledge creation and the pursuit of unraveling the ultimate truths of universe, which intensely captivates human intellect. Education, if looked at objectively is the only way to achieve the God gifted potential of human mind, the brain power. Through education, and importantly the right kind of education, a process of openness of heart, mind and soul takes root. Moral consciousness, human sensitivity, social justice, tolerance, pluralism and an equality of all beings are some of the seeds it sows, in the fertile and raw brains. Keeping that process directed and goal oriented is a lifelong course, and ironically very few remain focused on the self exploratory path and that too by default and not by design. The system fails to comprehend, excite and facilitate education as a lifelong process of discovery, starting from self and gradually encapsulating all, all under the sun. A right kind of education is the undisputable solution to all human, social and economic problems. It is the not just a solution but it is a means to achieving the highest levels of civilization comprising of intellectual and technological advancement.Read More »The Case for Education in Balochistan
The Capital Development Authority (CDA) will open tenders for the development of the dream-housing scheme, called Park Enclave on Monday next. To begin with, the Authority will start the construction of a boundary wall and… Read More »Islamabad: Dream scheme nearing reality
Abdul Wajid Khan
Pakistan’s economy is facing the worst time of its history and witnessing some serious jolts. Pakistan is struggling to counter its current economic instability. The major problems of our economy are the result of increasing inflation, constant depreciation of the rupee against the dollar, mismanagement, corruption and bad governance. The increasing prices of petroleum products, low growth rate, energy crisis, menace of terrorism, worsening law and order situation add insult to injury.
Read More »Pakistan’s struggling economy
“The News” report by Hamid Mir
Osama bin Laden is history now but Al-Qaeda is still determined to make some new history. US officials have rightly claimed many times that Al Qaeda has become weaker after the death of Osama bin Laden but they cannot deny the fact that bin Ladenism is still a source of inspiration for the militants fighting from Afghanistan to Yemen and from Iraq to Palestine. Dead Osama is as dangerous as living Osama.
The Obama administration has foiled at least 8 terrorist plots on the US soil since the death of Osama bin Laden on May 2, 2011. President Obama can take credit of bin Laden’s death but he is not aware that actually bin Laden got the death of his own choice. It was his old dream not to be captured by enemy but to be killed by enemy and no burial in any grave.Read More »How Obama fulfilled the dreams of Osama
Karachi—As Facebook and other social sites are becoming popular day by day in Pakistan, an important Asian country, hundreds of girls are being blackmailed by the social networking sites forcing them to limit activities to their homes and even to commit suicides.
According to the reports of Federal Investigation Agency (FIA), cyber crimes are rampant across the country and a number of educated, respectable and distinguished girls are being blackmailed. “About 99 percent of complaints are being lodged by girls that their accounts are hacked and profile picture edited,” FIA sources revealed. “After that indecent pictures are uploaded on Facebook and other social websites,” they complained.Read More »Facebook being used to blackmail Pakistani girls