Pakistan Crisis and Revolutionaries (Urdu)
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Transcript of Pakistan Crisis and Revolutionaries (Urdu)
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Recession
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{IMF}report said that even though the government targets a
reduction in inflation to 12% in FY12, from 14.5% in FY11, and to
achieve this, it has reduced the general sales tax from 17% to
16% and has promised to stop printing money for deficit
financing, the announcement to sharply reduce subsidies from
2.2% of the GDP to 0.8%, is likely going to push inflation in the
short term.
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"In effect, less than 1 per cent of the companies were
able to control 40 per cent of the entire network,"Most
were financial institutions. The top 20 included
Barclays Bank, JPMorgan Chase & Co, and The
Goldman Sachs Group.
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