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New Delhi’s Pragmatism
Apr30

New Delhi’s Pragmatism

Posted on Apr 30, 2008

April 29, 2008 By Jayshree Bajoria Indian Prime Minister Manmohan Singh speaks with Iranian President Mahmoud Ahmadinejad in New Delhi on April 29, 2008. (AP/Saurabh Das) Iranian President Mahmoud Ahmadinejad’s April 29 visit (IANS) to the Indian capital sparked a verbal spat (NYT) earlier this month between New Delhi and Washington. After the Bush administration urged New Delhi to call upon Ahmadinejad to comply with international...

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Tax reform: most important economic task
Apr29

Tax reform: most important economic task

Posted on Apr 29, 2008

From DAWN of April 28, 2008  “ Pakistan’s fiscal crisis is deep and cannot be easily resolved. Taxes are insufficient for debt service and defence. If the tax to GDP ratio does not increase significantly, Pakistan can not be governed effectively, essential public services can not be delivered and high inflation is inevitable. Reform of tax administration is the single most important economic task for the government.” [Quote from...

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Govt inherited an unstable economy

Posted on Apr 28, 2008

From The News International Karachi: The newly-inducted government has inherited an unstable economy and needs time to settle various pending issues since the previous government had no policies at all nor did they have reliable models.Federal Minister for Information and Broadcasting Sherry Rehman stated this on Sunday while speaking as chief guest at the launching ceremony of The Gathering Storm — a warning about Pakistan’s...

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Emerging Market Oil Use Exceeds U.S. as Prices Rise
Apr21

Emerging Market Oil Use Exceeds U.S. as Prices Rise

Posted on Apr 21, 2008

By Mark Shenk April 21 (Bloomberg) — Traffic jams in Beijing and humming air conditioners in Dubai are replacing U.S. highways and suburbs as the driver of global oil prices. China, India, Russia and the Middle East for the first time will consume more crude oil than the U.S., burning 20.67 million barrels a day this year, an increase of 4.4 percent, according to the International Energy Agency in Paris. U.S. demand will...

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The Short View: Oil squeeze

Posted on Apr 16, 2008

By John Authers, Investment Editor of the Financial Times  There will be blood. Crude oil prices took another staggering leap upwards yesterday, to the hitherto unimaginable level of $113.93 per barrel. Such prices, if sustained, can only have severe economic effects.This is more than just the continuation of the long-lasting upward trend in oil prices. Crude has gained 31 per cent in the past three months. Why this new aggressive...

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Global food crisis: little prospect of production increases

Posted on Apr 14, 2008

By Alan Beattie and Javier Blas As manager of Unga, a maize miller in the Kenyan capital Nairobi, Dale Wiest sees the effect that panicked trade restrictions are having on global food prices only too clearly. Last year he bought half his grain from neighbouring Tanzania. But after a bad harvest, the country banned exports in January. “Since then, we had been unable to purchase there,” he says. Maize prices in Kenya are a...

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Huge challenges, puny response

Posted on Apr 14, 2008

From Dawn of April 14, 2008 There seems a dangerous disconnect between the economic challenges confronting Pakistan and its response to it. The leadership’s inability to anticipate their gravity and the inadequacy of its response could prove disastrous for Pakistan. Last week, Finance Minister Ishaq Dar presented the ‘balance sheet’ inherited from the previous government as of March 31, 2008 in the presence of the top bureaucrats who...

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Coalition helicopter drops weapons into Taliban hands, Afghan officials say

Posted on Apr 13, 2008

The Associated Press Sunday, April 13, 2008 KABUL, Afghanistan: A coalition helicopter trying to supply Afghan police with munitions dropped supplies in the wrong location and Taliban fighters later recovered the weaponry, an intelligence official said Sunday. A member of parliament, however, said he didn’t believe the arms drop was an accident. Amrullah Saleh, the head of Afghanistan’s intelligence service, told a...

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Rising costs wipe out gains at the farm gate

Posted on Apr 13, 2008

By Alan Beattie and Javier Blas of the Financial Times Could record food prices be their own cure, spurring farmers around the world to lift production? A recent fact-finding trip to Kenya by Josette Sheeran, director of the United Nations World Food Programme, provided little evidence to support this view.  When, in a meeting with a group of farmers, Ms Sheeran asked for a show of hands on whether they were benefiting from the rising...

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GDP growth and budget deficit: much worse than what we are told

Posted on Apr 7, 2008

From  DAWN  of April 7, 2008 By Yousuf Nazar   The State Bank of  Pakistan’s quarterly report covering the country’s economic performance for the first six months (July-December 2007) of the current fiscal year confirmed what was already in the public domain. Key economic targets for the current fiscal year will be missed and the government’s finances are under pressure. But a close examination of the official data has led us to raise...

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Abu Yahya al-Libi : Rising Leader for Next Phase of Al Qaeda’s War
Apr04

Abu Yahya al-Libi : Rising Leader for Next Phase of Al Qaeda’s War

Posted on Apr 4, 2008

April 4, 2008 Blog Note: The ‘escape’ of Abu Yahya al-Libi is difficult to explain. Why was he kept in Afghanistan in the first place? On the night of July 10, 2005, an obscure militant preacher named Abu Yahya al-Libi escaped from an American prison in Afghanistan and rocketed to fame in the world of jihadists. The breakout from the Bagram Air Base by Mr. Libi and three cellmates — they picked a lock, dodged their guards...

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