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Showing posts from June 26, 2012

Moody’s likely to downgrade Pakistan

By Aadil Mustafa Jillani I n ve s t m e n t is r e c o g n i z e d as t h e cri t ical t o o l f o r e c o n o m i c gr o w t h in d eve l o p i n g n a t i o n s w h ich cr e a t e s o pp o r t un i t i e s f o r t h e ir b et t e r t o m o r r ow . W e as n a t i o n are v e ry un f o r t un a t e t h at t h e h o p e s o f m as s e s f o r b ette r t om o rr o w d il u t e s b y e v e ry p assi n g d a y as n o t a si n gle s o c i o e c o no m ic r e f o rm is b e i n g i n t r o du c e d n e i t h e r b y F e d e ral n o r b y P r ov i n cial G o v t s du ri n g last f o u r y e ars. E c o n o m y o f P a k i s t an h as n e ve r b ee n i n a d iffic u lt si t u a t i o n as it is to d a y . T ra d e d e fic i t u p b y 3 7 % t o $ 1 9 b l n , C / A d e fic i t s ho o t u p t o $ 3 . 7 b l n , fiscal d e ficit i n cr e a s e d t o R s . 1 . 2 t rill i o n ex p e c te d t o t o u ch ...