Archive for the ‘ECONOMIC ISSUES’ Category

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Majority Believe Pakistan Can Survive Without IMF Loan: Survey

January 25, 2011

ISLAMABAD, Jan. 21 (Xinhua) — A total of 74 percent Pakistanis believe that the country can survive without taking loan from the International Monetary Fund (IMF) as opposed to 25 percent, who say taking loan is essential for Pakistan’s survival, a survey showed Friday.

In the survey, a nationally representative sample of men and women from across the country were asked about their opinions regarding the economic condition.

Among the questions, they were asked whether or not Pakistan survives without taking loan from IMF.

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Economy Cannot Afford more Military Offensives

January 17, 2011

ISLAMABAD: The finance ministry has said that Pakistan’s troubled economy cannot indigenously afford more military offensives if the government continues to compromise economic reforms for political concessions Finance ministry officials fear the defence budget could swell beyond control.

“The defence budget can rise abruptly if another military venture is launched. That will be unbearable for the economy,” an official was quoted as telling Prime Minister Yousaf Raza Gilani during a mid-year economic review meeting.

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China Pakistan Come Closer in 2011

January 13, 2011

Pakistan and China have had good relations for the past six decades. The political affinity is now being transferred into economic integration and intense integration of the people of Pakistan and the people of China.

  • President Asif Ali Zardari on Monday said that the friendship between Pakistan and China has grown from strength to strength and it had withstood the test of time and endured changes at the regional and global level.
  • Speaking to a Chinese youth delegation at the Sindh Governor’s House, the president said 2011 would be the year of the 60th anniversary of bilateral relations between the two countries and would be a witness as the Sino-Pak friendship takes to new heights.
  • He said every year the friendship between Pakistan and China has grown from strength to strength and had withstood the test of time.

The year 2011 was declared as the ‘Pak-China Friendship Year’ during the recent visit of Chinese Premier Wen to Pakistan– celebrating the 60th anniversary of their relations.

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Turkey and China’s Confidence in Pakistan Creates Regional Dynamics

December 28, 2010

 

President Obama was massaging the Bharati ego when he said that “India has arrived”. He however did not comment about the other emerged powers and alliances in South and West Asia. There are news reports in the the media which describes the utter furstration of thAmericans and the chagrin of the Bhararits. Maha Atal in an intersting article published on the Forbes blog essentially describes the emerging facts that have now become news. She says that “As the Great Game grows in significance, it would seem, Pakistan’s value to Chinahas increased”. She discusses Reko Diq, Gwader, and the fact that the world’s largest non-commercial bank is Chinese and now present in China providing loans and resources to the Pakistani economy. She takes an inventory of the $30 billion in Chinese investment in Pakistan and describes China’s new strategy on Pakistan. Maha describes Bharati concerns as “If the weekend’s MOUs lead to new engagement on political stability, that is much more significant than the big ticket energy projects that have dominated the headlines so far.”

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Karachi to Kashgar: Colossal Chinese Commerce

December 18, 2010

Karachi to Kashgar: Colossal Chinese Commerce. China’s lifeline lies not through the Straits of Malacca–but now through the Karakorams to th Arabian Sea and the Persian Gulf.

Pakistan is ideally located geographically with immediate access to the Central Asian Republics and has a competitively affordable and expanding work force of 36 million.  Pakistan’s foreign investment policy was open and liberal, which was good news for Chinese companies interested in doing business here–and several hundred Chinese CEOs have flocked to Pakistan (before Web’s trip and after) to take advantage of the business opportunities.

“Some of the areas of investment include steel, automobile, electronics and domestic appliances,”. Pakistan’s ministry for industries.

China cannot get to warm waters of the Gulf without Pakistan. Bharat cannot getCentral Asian energy without Pakistan.

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VIDEO:The New American Dream Sprawling Tent Cities Filled With Tents Made In China

December 17, 2010

What would you do if you had your job suddenly ripped away from you and you ended up losing your home?  Well, that is exactly what hundreds of thousands of families across America have found themselves facing during this economic downturn.  So what would you do?  Would you move in with relatives?  Would you join the ranks of those living in the tent cities that are popping up all over the nation?  Would you live in a van down by the river?

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VIDEO :Economic Hitmen

December 15, 2010

An animated interview of John Perkins, author of ‘HoodWinked’ and ‘Confessions Of An Economic Hitman’

Economist and writer John Perkins was deeply involved in Washington’s economic schemes to create a global empire. Now he tells RT what’s come out of it – and who really controls the world’s biggest economy.

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