What became of PIA’s privatization?

Pakistan’s commitment to the International Monetary Fund (IMF) to sell 26% shares of national flag carrier Pakistan International Airlines (PIA) by the end of this year was not sacrosanct and a lot depended on the report of financial adviser, said Privatisation Secretary Amjad Ali Khan. . . . → Read More: What became of PIA’s privatization?

Musharraf defends his (mis)deeds

Pakistan’s former military ruler Pervez Musharraf has defended himself in his first interview since his house arrest earlier this year, telling a local television station he did his best for the nation.

The interview, recorded several weeks ago, aired late on Thursday, just days before a special tribunal to decide whether Musharraf committed high treason . . . → Read More: Musharraf defends his (mis)deeds

FBR to go after the rich

In an attempt to tighten the noose around the affluent tax evaders, the Federal Board of Revenue (FBR) will target residents of the upscale neighbourhoods in metropolitan cities.

Talking to media about the move, FBR Chairman Tariq Bajwa said on Wednesday that residential landholders in the posh areas would be the first target of the . . . → Read More: FBR to go after the rich

Give Musharraf a second chance

Over the last five years, one question that has remained of integral significance amongst political contentions has been; was former military chief Pervez Musharraf better than this current ‘battered but not shattered’ democracy?

You can easily find a group of people who believe that his ‘martially-democratic’ epoch from 1999 to 2008 was better than the current democracy we . . . → Read More: Give Musharraf a second chance

IMF likely to question Pakistan’s high defence budget in future deals

By Shahbaz Rana

Pakistan’s defence budget will come under scrutiny in any future arrangement with the International Monetary Fund, as it will be difficult for the IMF to present a case in its board where defence spending is higher than development expenses, says a former IMF official.

. . . → Read More: IMF likely to question Pakistan’s high defence budget in future deals

Pakistan’s low economic growth leaves 1.3 million people jobless

Pakistan’s economy grew by 3.2%, which is much below the official target and the required growth rate, leaving at least 1.3 million people jobless this year.

“According to a provisional assessment, gross domestic product (GDP) grew by 3.2% in the financial year 2011-12 ending June 30,” said Sohail Ahmad, Secretary of Statistics Division, after chairing . . . → Read More: Pakistan’s low economic growth leaves 1.3 million people jobless

Psychological Profile of Dominique Strauss-Kahn

It is a crazy story, one that could have only happened to him: Dominique Strauss-Kahn, former head of the International Monetary Fund, whose multiple talents offered the chance to achieve the loftiest goals — yet who was capable of sacrificing it all for the most trivial of pleasures.

. . . → Read More: Psychological Profile of Dominique Strauss-Kahn

Afghan Central Bank Chief Flees to U.S. and Quits Post

KABUL—Afghanistan’s central bank governor has left for the U.S. and isn’t expected to return because he fears for his safety after investigating fraud allegations at the country’s largest lender, according to two Western officials.

Bank Governor Abdul Qadir Fitrat left Kabul for the U.S. about 10 days ago, one of these people said. Last year . . . → Read More: Afghan Central Bank Chief Flees to U.S. and Quits Post

Two New York City Police Officers Acquitted of Rape

A jury acquitted two New York police officers on Thursday of charges that they raped a drunken woman after helping her into her apartment while on patrol.

The woman had described snippets of a harrowing night in which the officers, called to help her because she was extremely intoxicated, instead abused her. They insisted no . . . → Read More: Two New York City Police Officers Acquitted of Rape