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Pakistan news of October 10, 2008 - Militants killed in air strikes by Pakistan air force

2008-10-10 14:57:39 (GMT) (Caymanmama.com - Pakistan News News)

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Pakistan of October 10, 2008

  • Can Mr. Tareen lead the country out of the financial crises
  • Governments efforts for creating consensus not successful - parliament session to resume on Monday
  • Militants killed in air strikes by Pakistan air force
  • Islamabad Bomb blasts - police officers suspended and arrested for not being vigilant
  • Karachi Stock Exchange recovered what it lost a day earlier

Can Mr. Tareen lead the country out of the financial crises

Karachi: The new Pakistani leadership has failed to contain the free fall of rupee and has also failed in managing the failing law and order situation and the economic conditions. The new establishment lacks good financial managers. The image of the new President of Pakistan inside the country and abroad has done more harm than good to the country.

The PM due to the lack of his own skills is hiring individuals who will advise him and manage the economics of the country in spite of the fact that Ministers with particular portfolios are working unsuccessfully. Shaukat Tareen, a veteran banker and a season professional has been hired and enjoying the status of a Finance Minister for the job. Mr. Naveed Qamar, good for nothing finance minister who has failed in his assignment due to which the PM has to hire Mr. Shaukat Tareen to manage the financial affairs instead.

The question is whether he will be able to steer the country out of the crises, will the Zardari led administration actually follow his advise or will he become the next ‘Shaukat Aziz’ of Pakistan. Mr. Tareen and the Pakistani government seems to have build hopes from its friendly nations and would be looking for some rescue measure from the US and the Saudi Arabia

The country has just $5 billion in its foreign exchange reserve, just enough to meet its two months import obligation. The Finance Minister and the President of the country has shrugged the possibility of the a default by the country.

Do they have a magic wand? Like always the managers of the country will humiliate the nation and approach the rich nations with the begging bowl. The worst and the most sad part is that if the rich countries agree to help Pakistan with their charity money these managers will walk away depositing much of this charity money into their foreign bank accounts leaving the country to face yet another crises.

Governments efforts for creating consensus not successful - Parliament session to resume on Monday

Islamabad: The government of Pakistan seems to be failing in creating consensus on the “war on terror” strategy. The opposition leader has expressed dissatisfaction on the quality of briefing and the unsatisfactory replies received in the briefing. The leader of the opposition also demanded of bringing on board the former President of Pakistan President Pervaiz Musharraf to explain the rules of engagement agreed with Washington.

Militants killed in air strikes by Pakistan air force

Peshawar: Pakistan security forces in partnership with the air strength of the Pakistani air force launched an offensive against the militants in Swat. A valley that was once a tourists paradise has turned into a battle fields. The air strikes by the Pakistani forces inflicted heavy militant casualties. According to the official news release “Helicopter gunships and jets targeted militant strongholds in Piochar, inflicting heavy casualties on them.”

Islamabad Bomb blasts - police officers suspended and arrested for not being vigilant

Islamabad: Police officers have been suspended on charge of negligence for letting the car loaded with explosives enter the building premises of the Anti Terrorists Squad. The injured police officer admitted that the police at the gates of the building had let the car enter the premises after receiving boxes of sweets. The car blew off as soon as it entered the parking lot injuring many police officers on duty.

Karachi Stock Exchange recovered what it lost a day earlier

Karachi: The stocks at the Karachi Stock Exchange on Thursday staged modest recovery. The KSE-100 index stood at 9,181.35 points that is 2.62 points higher than a day before. The total of 1,792 million shares exchanged hands with Royal Bank being the volume leader with 0.509 million shares

For more details on Pakistan news of October 10, 2008 visit: http://www.dawn.com/2008/10/10/index.htm



buzreporter · Filed Under Pakistan News 

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