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good point... only one plane/pilot is verifiable and that's Indian.

can you please also say who was the second pilot as per your father's information?

my take on the 2nd pilot... What we know: ISPR guy said that the 2nd pilot had been taken to the hospital. Imran Khan also mentioned two pilots in his speech. ISPR later said that Pakistan only has one pilot in captivity. Few days later, in Kamran Khan show, ISPR guy again mentioned the 2nd...

well that adjustment happens through change in prices. if you dont allow the price level to change, the market will not clear. When it comes to the BoP, the relevant price is the exchange rate. For example, if demand is higher than supply, prices increase. If you dont want prices to increase...

The currency crisis and a way out AHMED JAMAL PIRZADA Weakness in balance of payments (BoP) can amplify the adverse effect of external shocks on the rest of the economy. However, under normal situations, a weakness in the BoP should not persist. As is the case with most markets, the exchange...

what nonsense. the writer is simply confusing the audience by throwing in all these fancy words. a person who talks about 'islamic welfare state' cannot in any way be classified as 'secular.' while I dont consider Imran Khan to be a right wing, i dont consider him secular either.

interesting... does anyone know how are imports of machinery (related to CPEC) treated? Chinese companies buy the machinery using Chinese money and then bring the machinery in Pakistan. no money flows out but machinery comes in.

i dont know where is Samaa getting that table. The actual numbers are: http://www.pildat.org/Publications/publication/GovernanceAssessment/PublicOpiniononQualityofGovernanceinPakistan_June2015toMay2016.pdf Punjab has improved compared to last year but KPK maintains the lead. At national...

this explanation makes it even more difficult to classify parties into right or left wing. PPP is predominantly 'landed gentry.' Latter they also acquired the 'industrialist' trait. PMLN has been mostly 'industrialist.' PTI is a mix. ANP and MQM have been strongly nationalistic/ethnic. JI...

What does right wing mean? valuing religious teachings? PTI is very liberal as far as their economic policy is concerned. Even on social issues, they have tended to promote minorities as well as women. In all the social reforms they have brought, they have allocated reserve seats for various...

thats the thing... the stability we are seeing currently has a lot to do with external factors than the internal ones. we have little control over remittances, oil prices and Chinese investment. Seems like the collective prayers of this nation are working really big time

Misplaced optimism surrounds monetary policy review THE latest monetary policy announced has moved in the right direction. The policy rate has been reduced further by 0.25 basis points to 5.75pc for the next two months. Even though year-on-year aggregate CPI-based inflation has increased from...

lol. Tell me what happened to the PSDP allocation this year? how much of it was spent? with CPEC projects taking shape, PC will have little room to fund these so called western projects. All these unrealistic promises which are done for political posturing are nothing more than deception. Go...

this was expected. CPEC requires that pak govt contribute some proportion of the project cost from their own pocket. Since major CPEC projects are on eastern side, it was already obvious that Planning Commission will not have enough funds to spare for the western side. The political economy in...

Roman art developed after centuries of cheap copying of Greek art. The museums in Italy are full of such copies. Dont get put off by the scrap news posted above. Let the scrap come. We'll learn to copy it, replicate it and maybe one day start innovating.

so if you take out 'islamic republic', will politicians become honest? recruitment will be based on merit? doctors, officers, teachers will start coming on time? political interference in national institutions will disappear? the elite will start paying taxes? secularist nonsense and nothing else.

1. so the economic growth rate will increase to 7% but inflation remain flat at 6%? wow. what happened to demand pull inflation? i need to get rid of my macroecon books 2. and how come next year's growth rate will increase to 6.5%? An increase of 1.5% points? Only if manufacturing growth picks...

lol couldnt be more optimistic. this year's PSDP has been reduced to 580bn from 700bn. And out of the 580bn only 500bn has been released so far according to the news from last month. And the article is dreaming that next year's PSDP will jump to 800bn? And a tax-to-GDP ratio will increase to...

close to 6% is possible. Energy supplies have improved due to LNG. LSM growth will pick up. Chinese investment flows will also help. apart from these two things to be optimistic about, there is not much to cheer currently. Exports are falling. Investment from other than China is also falling...

I wrote this article in 2012. But after the Council of Islamic Ideology's call for returning to Gold, it is interesting to read it once again... ... Gold, Fiat Money and the Monetary Management Having read most of the articles which followed the debate in the US on going back to the Gold...