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Finance Minister Ishaq Dar's Keynote Address on Future of Pakistan Economy at Investment Conference, Islamabad 28Th October 2014
Finance Minister Ishaq Dar's Keynote Address on Future of Pakistan Economy at Investment Conference, Islamabad 28th October 2014 Ladies & Gentlemen, Assalam Alaikum and Good Morning! In June 2013, the smooth transition of power from one elected government to another elected one was indeed unprecedented in Pakistan’s history. This led to a new beginning for a country which has seen too many martial laws and intermittent disruptions of democratic orders. The unequivocal verdict given by the people of Pakistan in a most transparent, free and fair General Election 2013 in favour of the leadership of Mian Muhammad Nawaz Sharif and his party PML(N) has seen the transformation of the country into new dimensions of economic development. We have promised to the nation that we will not disappoint it. Pakistan today is way ahead of where it was in June 2013 - just 16 months back. Challenges faced by the government When we took the responsibility of the government, the economy was weak and fragile. The growth rate had averaged less than 3% since 2008-09 - significantly below our potential. Inflation had averaged around 12% per annum in five years while national reserves dropped below US$ 8 billion (SBP US$ 2.8 billion in February 2014). International predictions were that Pakistan will default in June 2014. Circular debt of Rs. 503 billion was crippling the power sector and the economy. Investment-to-GDP ratio was declining continuously and had reached 12.6%, tax-to-GDP ratio had declined to 8.5% while the projected fiscal deficit for 2012-13 was 8.8%. -
Senate Secretariat Orders of the Day
SENATE SECRETARIAT ORDERS OF THE DAY for the meeting of the Senate to be held at 3:00 p.m. on Thursday, the 9th March, 2017. 1. Recitation from the Holy Quran. QUESTIONS 2. Questions entered in a separate list to be asked and answers given. REPORTS OF THE SPECIAL COMMITTEE - PRESENTATION OF: 3. SENATOR MUSHAHID ULLAH KHAN, Convener, Special Committee on the performance of PIA, to present second interim report of the Special Committee regarding the overall performance of PIA. 4. SENATOR MUSHAHID ULLAH KHAN, Convener, Special Committee on the performance of PIA, to present report of the Special Committee on the matter pertaining to the aircrafts obtained by PIA on wet lease from Turkey. REPORT OF THE FUNCTIONAL COMMITTEE - PRESENTATION OF: 5. SENATOR NASREEN JALIL, Chairperson, Functional Committee on Human Rights, to present report of the Committee on “Torture on a domestic servant minor girl, Tayyaba”. MOTIONS [Under Rule 194(1)] 6. SENATOR NASREEN JALIL, Chairperson, Functional Committee on Human Rights, to move under sub-rule (1) of rule 194 of the Rules of Procedure and Conduct of Business in the Senate, 2012, that the time for presentation of report of the Functional Committee on the Bill to provide for protection of rights of transgender persons and their welfare and for matters connected therewith and incidental thereto [The Transgender Persons (Protection of Rights) Bill, 2016], introduced by Senator Zaheer-ud-Din Babar Awan, on 9th January, 2017, may be extended for a period of sixty working days with effect from 10th March, 2017. 7. SENATOR OSMAN SAIFULLAH KHAN, Chairman, Standing Committee on Science and Technology, to move under sub-rule (1) of rule 194 of the Rules of Procedure and Conduct of Business in the Senate, 2012, that the time for presentation of report of the Standing Committee on the Bill to upgrade the status of COMSATS Institute of Information Technology, Islamabad into COMSATS University [The COMSATS University Islamabad Bill, 2017], may be extended for a period of ten working days with effect from 10th March, 2017. -
Pakistan: the Heat Is on September 2017
PAKISTAN: THE HEAT IS ON SEPTEMBER 2017 As we noted earlier this year (Pakistan: Banking on Reform, May 2017), Pakistan has been a successful investment outpost for our Frontier Markets Equity strategy since its inception in 2014. We often ran an overweight position in this market over this period, in what was a positive transformative phase for the Pakistani economy. This culminated in the 2016 announcement from MSCI that the country would be reclassified as an Oliver Bell emerging market – which occurred in May this year. Portfolio Manager, Frontier Markets Equity The overwhelming majority of our positions in Pakistan have since been offloaded, Strategy as the investment thesis on these positions played out – largely due to the strong rise for the market in the lead-up to its entrance to the MSCI Emerging Markets Index. However, as we noted in our earlier update, risks have been building in the country – in both the economic and political spheres. Unfortunately, our concern was warranted, with the country’s stock market sliding in recent weeks on a number of significant negative developments. Malik Sarmad Asif Equity Analyst DETERIORATING ECONOMIC CONDITIONS While GDP growth recently came in at a 10-year high1 – largely due to the China– Pakistan Economic Corridor – the broad economic picture in Pakistan is deteriorating. Firstly, Pakistan’s current account deficit more than doubled to US$12.1bn in the year ended 30 June, largely as a result of an overvalued rupee.2 Since peaking last October, foreign reserves have also fallen by a quarter to US$14.3bn.3 The country also faces a twin deficit, with the fiscal deficit blowing out to 6% – far higher than the government anticipated.4 1 Source: State Bank of Pakistan 2 Source: State Bank of Pakistan 3 Source: State Bank of Pakistan 4 Source: Dawn, 6 September 2017 FOR INVESTMENT PROFESSIONALS ONLY. -
1St CABINET UNDER the PREMIERSHIP of SYED YOUSAF RAZA GILLANI, the PRIME MINISTER from 25.03.2008 to 11.02.2011
1st CABINET UNDER THE PREMIERSHIP OF SYED YOUSAF RAZA GILLANI, THE PRIME MINISTER FROM 25.03.2008 to 11.02.2011 S.NO. NAME WITH TENURE PORTFOLIO PERIOD OF PORTFOLIO 1 2 3 4 SYED YOUSAF RAZA GILLANI, PRIME MINSITER, 25.03.2008 to 11.02.2011 FEDERAL MINISTERS 1. Chaudhry Nisar Ali Khan i) Communication and 31.03.2008 to 13.05.2008 Senior Minister ii) Inter Provincial Coordination 08.04.2008 to 13.05.2008 31.03.2008 to 13.05.2008 iii) Food Agriculture & Livestock (Addl. Charge) 31.03.2008 to 13.05.2008 2. Makhdoom Amin Fahim Commerce 04.11.2008 to 11.02.2011 03.11.2008 to 11.02.2011 3. Mr. Shahid Khaqan Abbassi, Commerce 31.03.2008 to 12.05.2008 31.03.2008 to 12.05.2008 4. Dr. Arbab Alamgir Khan Communications 04.11.2008 to 11.02.2011 03.11.2008 to 11.02.2011 5. Khawaja Saad Rafique i) Culture 31.03.2008 to 13.05.2008 31.03.2008 to 13.05.2008 ii) Youth Affairs (Addl. Charge) 31.03.2008 to 13.05.2008 6. Chaudhry Ahmed Mukhtar i) Defence 31.03.2008 to 11.02.2011 31.03.2008 to 11.02.2011 ii) Textile Industry 15.04.2008 to 03.11.2008 iii) Commerce 15.04.2008 to 03.11.2008 7. Rana Tanveer Hussain Defence Production 31.03.2008 to 13.05.2008 31.03.2008 to 13.5.2008 8. Mr. Abdul Qayyum Khan Jatoi Defence Production 04.11.2008 to 03.10.2010 03.11.2008 to 03.10.2010 9. -
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qwertyuiopasdfghjklzxcvbnmqwertyui opasdfghjklzxcvbnmqwertyuiopasdfgh jklzxcvbnmqwertyuiopasdfghjklzxcvb nmqwertyuiopasdfghjklzxcvbnmqwer tyuiopasdfghjklzxcvbnmqwertyuiopasProfiles of Political Personalities dfghjklzxcvbnmqwertyuiopasdfghjklzx cvbnmqwertyuiopasdfghjklzxcvbnmq wertyuiopasdfghjklzxcvbnmqwertyuio pasdfghjklzxcvbnmqwertyuiopasdfghj klzxcvbnmqwertyuiopasdfghjklzxcvbn mqwertyuiopasdfghjklzxcvbnmqwerty uiopasdfghjklzxcvbnmqwertyuiopasdf ghjklzxcvbnmqwertyuiopasdfghjklzxc vbnmqwertyuiopasdfghjklzxcvbnmrty uiopasdfghjklzxcvbnmqwertyuiopasdf ghjklzxcvbnmqwertyuiopasdfghjklzxc 22 Table of Contents 1. Mutahidda Qaumi Movement 11 1.1 Haider Abbas Rizvi……………………………………………………………………………………….4 1.2 Farooq Sattar………………………………………………………………………………………………66 1.3 Altaf Hussain ………………………………………………………………………………………………8 1.4 Waseem Akhtar…………………………………………………………………………………………….10 1.5 Babar ghauri…………………………………………………………………………………………………1111 1.6 Mustafa Kamal……………………………………………………………………………………………….13 1.7 Dr. Ishrat ul Iad……………………………………………………………………………………………….15 2. Awami National Party………………………………………………………………………………………….17 2.1 Afrasiab Khattak………………………………………………………………………………………………17 2.2 Azam Khan Hoti……………………………………………………………………………………………….19 2.3 Asfand yaar Wali Khan………………………………………………………………………………………20 2.4 Haji Ghulam Ahmed Bilour………………………………………………………………………………..22 2.5 Bashir Ahmed Bilour ………………………………………………………………………………………24 2.6 Mian Iftikhar Hussain………………………………………………………………………………………25 2.7 Mohad Zahid Khan ………………………………………………………………………………………….27 2.8 Bushra Gohar………………………………………………………………………………………………….29 -