Friend786
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don't think it is possible.
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Mr Sharif understands that is one of the main reasons people voted for him. At his victory party, he was asked to outline his priorities. "The economy, the economy, the economy," he said.
The people of Pakistan have made known their will through the ballot on May 11, 2013. The PML-N has emerged as the clear winner and will be able to form a stable government at the centre with support from independents and smaller parties. This is good for the economy, as a stable government is likely to succeed in stabilising the economy.
What are the immediate economic challenges that the PML-N government will be facing after taking charge of the state? Whether we like it or not, the economic prosperity of Pakistan is very much linked to peace and stability in Karachi. The economic condition of the country has reached a point where it cannot afford instability and violence in the major growth pole of the country. How to address the situation politically will be one of the biggest challenges of the PML-N government.
How to prevent Pakistan from defaulting on its external debt payment obligations in a couple of months will be another challenge for the new government. Pakistan’s foreign exchange reserves have depleted at a dangerous pace in less than two years. In July 2011, the SBP’s foreign exchange reserves stood at $14.8 billion and by May 3, 2013, had declined to $6.8 billion. In other words, the country has lost $8.0 billion in reserves in less than two years. If we exclude the forward buying of the SBP ($2.6 billion) to prop up the rupee, the foreign exchange reserves, as of today, stand at around $4.2 billion. By end-June 2013, Pakistan will have to pay another $264 million to the IMF alone, which will reduce its reserves close to $4.0 billion.
Whether we like it or not, Pakistan has no option but to seek IMF assistance to prevent defaulting on its commitments. In all probability, Senator Ishaq Dar will head the finance ministry and will be leading the Pakistani side in negotiation with the IMF. He is fully aware of the challenges and will be able to negotiate an IMF programme effectively.
The third immediate challenge for the PML-N government would be to prepare a budget for the fiscal year 2013-14. Three important institutions, namely, the Ministry of Finance, the SBP and the Planning Commission have been severely weakened in the last five years. The new finance minister will have to assemble a good team, which will help him in preparing next year’s budget. Furthermore, the IMF programme will give a clear idea of external flows to finance fiscal deficit.
The fourth challenge for the new government would be to prepare a home-grown, broad-based economic reform agenda as soon as possible. This would help the new government to negotiate effectively with the IMF for a new programme. The international financial institutions, as well as friendly countries, would like to see fiscal reforms that include both tax system and tax administration reforms to mobilise additional resources on the one hand and expenditure reform on the other.
The restructuring and privatisation of bleeding PSEs and energy sector reforms are other components of the reform agenda. There are two ways to handle the PSEs: firstly the new government must restructure the organisation, inject more money, bring in successful corporate managers, appoint credible persons on the board of directors to run these institutions without any political interference and then privatise them in the next three to four years in a transparent manner. Second, it must privatise them outright and offload them from the budget. Privatisation of these institutions is high on the PML-N economic agenda, which is good and reassuring for all of us.
The energy sector reform is complex and multi-dimensional. It is clear that there are no capacity constraints in generating electricity in the country. The power sector crisis is more of a governance issue rather than the issue of a demand-supply gap. By improving governance and fixing the pricing of electricity, the power sector crisis can be minimised in the short-to-medium term. A targeted subsidy for power sector consumers can be launched while a general subsidy programme can be faded out gradually in a span of two to three years.
The new government may consider merging the Ministry of Water and Power and the Ministry of Petroleum and Natural Resources and establishing instead a ministry of energy. This will help the government to deal effectively with power sector reforms. The free electricity given to the employees of Wapda must be withdrawn forthwith. The new government may consider privatising the Discos in its tenure. Preference must be given to the use of gas for power generation rather than for transport purpose. Gas must be supplied only to the efficient power plants to produce more electricity with the same level of fuel.
Managing fiscal decentralisation will form the other critical reform agenda of the new government. There is a built-in ‘manufacturing defect’ in the new NFC Award and without addressing it, there will be no meaningful fiscal policy in the country. In the event of a new IMF programme, the federal government will not be able to achieve the agreed fiscal deficit target in the preference of the new NFC Award. There are many ways to address ‘manufacturing defects’. What is required is the will to address them.
The economic reform agenda must also include reforms in the central bank, investment climate and promoting inclusive and sustainable growth. Close interaction with the private sector – both domestic and foreign – will be vital in building the confidence of the market and its participants. A new beginning has been made. The PML-N has a relatively better and experienced team and is most likely to succeed in stabilising the economy. The people of Pakistan have given a mandate to the PML-N not just to head the country but also to steer the economy out of the mire and morass of economic attenuation.
Mansoor Ali Khan @MansoorGeoNews 2m
Returning Officer rejects Hamid Khan's application on rigging in NA-125 #PTI #PMLN
let's hope they stop the drama in Lahore now.
let's hope they stop the drama in Lahore now.
let's hope they stop the drama in Lahore now.
ISLAMABAD: Election Commission of Pakistan (ECP) has announced fresh party positions in all four provincial assemblies on Tuesday, Geo news reported.
In Punjab province‚ Pakistan Muslim League-Nawaz (PML-N) has grabbed 212 seats‚ Pakistan Muslim League-Quaid e Azam (PML-Q) 2‚ Pakistan Tehreek e Insaf (PTI) 18‚ Pakistan Peoples Party Parliamentarians (PPPP) 6 and independents 39.
In Sindh assembly‚ PPPP is leading with 62 seats followed by Muttahida Qaumi Movement (MQM) 37‚ Pakistan Muslim League-Functional (PML-F) 6‚ PML-N 4 and PTI one and independents have secured 6 seats.
In Khyber-Pakhtunkhwa‚ Pakistan Tehrik-e-Insaf secured 35 seats‚ Jamiat Ulema e Islam-Fazl (JUI-F) 13‚ PML-N 12‚ Jamat-e-Islami (JI) 7‚ Qaumi Watan Party (QWP) 7 and independents 14.
In Balochistan assembly‚ Pakhtunkhwa Awami Milli Party secured 9 seats‚ PML-N 8‚ National Party 6‚ JUI-F 6‚ Jamat-i-Islami 3‚ BNP 2‚ Jamote Qaumi Movement 2‚ PML-Q‚ Awami National Party‚ Majlis-e-Wahdat-e-Muslimeen Pakistan one each whereas independents have secured 8 seats.
The moment imran said he'll drop the drone if it entered pakistani airspace was the moment he lost the election. Puppet has been elected
come on AZ...be civil man...this is a joke...there was clear rigging...what are they scared of?
I may just get over the rigging and gain minute respect for PMN-L if this happens
http://dawn.com/2013/05/14/will-imran-khan-head-parliaments-anti-corruption-watchdog/
So if you take that as rigging, re-poll.
I don't take it as rigging because it never was, you cannot rig a margin of 40 THOUSAND votes.
so you think all the videos released of votes being torn, people being forced to vote a certain party - are fake?
The moment imran said he'll drop the drone if it entered pakistani airspace was the moment he lost the election. Puppet has been elected
That jirga guy brought this point up on ARY special transmission . Made me think for a sec.
Why do I see so many people inside the polling booth in many of these videos ?
There can't be so many POs for one booth ? And obviously so many voters can't be voting at the same time.
Also, almost no sign of police.
LONDON: British Prime Minister David Cameron on Monday congratulated Pakistan’s incoming premier Nawaz Sharif on his resounding election victory and praised his commitment to economic reforms.
Cameron broke off from a trip to Washington to speak to Sharif on the telephone and they agreed to work to reinforce the “strong bond” between their two countries, according to the British prime minister’s office.
They also pledged their commitment to the trilateral process, the three-way talks between Britain, Pakistan and Afghanistan aimed at finding peace in Afghanistan, where Britain is starting to reduce its 9,000-strong troop presence.
“The Prime Minister and Nawaz Sharif agreed that the strong bond between the UK and Pakistan was a huge asset and that they would work together to strengthen the relationship further,” a Downing Street spokeswoman said.
“The Prime Minister welcomed Nawaz Sharif’s commitment to prioritise economic reforms.”
“The two leaders also agreed on their shared commitment to the trilateral process and its importance in achieving peace in Afghanistan and the wider region.”
Sharif, who returned to office 14 years after he was ousted in a military coup, campaigned on a pro-business agenda and stocks in Karachi hit an all-time high on Monday on hopes he can revive Pakistan’s shattered economy.
He has appointed veteran finance minister Ishaq Dar, who served in the role in Sharif’s second administration and again briefly in 2008.
no the evidence in other areas is very damning and there needs to be re-polling, and that order has already been given.
there is no such evidence for NA-125.
ISLAMABAD: Election Commission of Pakistan (ECP) has announced results of 254 National Assembly seats with Pakistan Muslim League-Nawaz (PML-N) leading with 123 seats followed by Pakistan Peoples Party Parliamentarian (PPPP) with 31 seats.
Pakistan Tehreek e Insaf (PTI) has secured 26‚ Muttahida Qaumi Movement (MQM) 18‚ Jamiat Ulema e Islam-Fazl (JUI-F) 10‚ Pakistan Muslim League-Functional (PML-F) 4‚ Jamat e Islami (JI) 3‚ Pakistan Muslim League-Quaid e Azam (PML-Q) 2 whereas Awami Muslim League (AML)‚ Balochistan National Party (BNP)‚ All Pakistan Muslim League (APML)‚ Awami Jamhuri Ittehad Pakistan (AJIP) and PML-Zia one each and independents 25 seats.
In the Federal Capital‚ PML-N and PTI have grabbed one seat each. Results on 14 seats of National Assembly are still awaited.
you are delusional...Saad rafique was inside the polling station...surely there is no evidence
see if you can't even admit do you expect your party cronies to admit anything...Pakistan mein sab chalta hai...and when folks like you don't have the decency to speak against injustice then why would the situation in our country change...
would the overall result change by this, NO? but if we don't put these criminals in jail then this will happen next time and the time after...so why sing songs of democracy because this isn't democracy...unless you rather have things corrupt this way as you have some hidden agenda...i can only hope and pray that is not the case
no the evidence in other areas is very damning and there needs to be re-polling, and that order has already been given.
there is no such evidence for NA-125.
no the evidence in other areas is very damning and there needs to be re-polling, and that order has already been given.
there is no such evidence for NA-125.
no the evidence in other areas is very damning and there needs to be re-polling, and that order has already been given.
there is no such evidence for NA-125.
Election commission has admitted rigging in 50 constituencies
Even with all those evidences the margin at some seats was big so according to you if margin is big then there is no chance of rigging (no matter if candidate is controlling every thing inside poling station).
Is it fake?
Unofficial - Jahangeer Tareen wins NA154 after recounting.
do you have an article link or YT video of this news?
have checked their Twitter feed there is nothing there, this could well be photoshopping.
no please read carefully, I said you cannot rig such a massive victory.
Unofficial - Jahangeer Tareen wins NA154 after recounting.
Source??
Why not? How could MQM do it in Karachi?
Also if a candidate is involved in 'small' rigging and he/she wins without the help of that small rigging. Do you think he/she should be disqualified?
^I think PTI voters have been disheartened by the results. They wont come out in big numbers to vote again. MQM may very well take NA 250
IK latest video msg playing now
Suspects involved in rigging arrested
Karachi: Seven men allegedly involved in rigging of polling stations in the Karachi’s DHA area have been arrested, says Judicial Magistrate (South) Waqar Ahmed Soomro.
According to Sub-Inspector Rasheed at Darakhshan police station the seven men were caught on May 11 after numerous complaints were received against alleged rigging at polling stations setup at DHA College for Women, Phase VIII and Clifton Grammar School in Boat Basin area.
The arrested men were allegedly affiliated to a political party and were booked under Sections 147, 148, 149 and 186 of the Pakistan Penal Code and Section 13-D of the Pakistan Arms Ordinance, 1965.
The Election Commission of Pakistan had postponed polling on May 11 in 43 polling stations of NA-250, PS-112 and PS-113 constituencies, due to widespread complaints of alleged rigging and irregularities.
The postponed elections were re-scheduled for May 19.
http://www.saach.tv/2013/05/15/suspects-involved-in-rigging-arrested/