Courtesy:- MALIK MUHAMMAD ASHRAF Pakistan and India have been involved in intractable discussions to resolve the dispute regarding construction of two hydro electric power plants namely Kishenganga and Ralte being built by the latter in violation of the provisions of the Indus Water Treaty. So in view of the stalemate on the issue Pakistan requested the World Bank which had brokered the accord and also assumed the role of guarantor of the Treaty, to establish a court of Arbitration to resolve the differences between the two countries. India simultaneously requested the World Bank for the appointment of a neutral expert. The World Bank initially agreed to set up both the Arbitration Court and the appointment of the neutral expert. However in response to the Indian objection on two parallel processes which it maintained was not legally tenable, the World Bank decided to announce a ‘pause’ and asking both the parties to resolve the issue through bilateral ave...
Courtesy:- Malik Muhammad Ashraf Preparing a budget and selling it to the public, more so to political opponents, is an arduous undertaking even in the most affluent and developed countries, particularly when it comes to new tax proposals and measures aimed at keeping the corporate sector in good stead to spur economic growth. Besides generating much-needed revenue for the government, taxes also affect the people – changing their economic situation. This makes taxes an unpopular proposition. So every segment of the society tries to look at the budget from its own perspective and so there is always a mixed reaction on the budget s presented by the governments. The exercise is even more excruciating in third world countries like Pakistan that are facing financial constraints. Therefore, not surprisingly the budget for 2017-18 presented by the PML-N government has also spurred a debate about who benefits and who loses as a result of ...
Courtesy:- Editorial Records upon records tumbled as Pakistan completed a whitewash in a five-match ODI series against Zimbabwe. The 5-0 triumph is Pakistan’s seventh, and a third against Zimbabwe. Others include two against Bangladesh and one each against New Zealand and Sri Lanka.
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