Hbmq Clean and green Govt to establish Dubai-like gardens KARACHI:Pakistan s gross domestic product (GDP) jumped to 3.7% in 2012, up from 3% in the preceding year, but still missed the 4.2% growth target set by the economic managers of the [url=https://www.dunks.fr]dunk high[/url] country, according to the State Bank of Pakistan s (SBP) [url=https://www.airmaxplus.it]air max95[/url] annual report for 2011-12 released on Wednesday.More importantly, the SBP forecasts that growth in the current year will remain about the same. The economy will grow at about the same rate in fiscal year 2013 (FY13) as it did last year (FY12). We are confident that milder flooding this year and the underlying factors that allowed for 3.7% growth in FY12 will largely remain in play, the report said.The report warned that structural problems in the energy sector, public sector enterprises and the fiscal mechanism may not be tackled in the near-term. It stressed on the need for energy sector reforms, and [url=https://www.airmaxplus.it]nike 95[/url] pointed out that subsidies, especially for the power sector, increased by more than three times in FY12.However, there are also silver linings of the While an inquiry on the sugar sector has been made public for the first time, the crisis that necessitated this inquiry is a recurring feature of Pakistan s sugar industry. Rattled by a controversy every 18 months, why is the sugar industry so prone to crises To answer this, we must use a basic principle of political economy: rent-seeking. Imagine this: you want to open a restaurant, but there is a lot of competition. You want to make more money but other restaurants, serving better food at cheaper pri [url=https://www.nbbalance.es]nb 9060[/url] ces, keep opening up. [url=https://www.stanley-cup.us]stanley store[/url] Along with other restaurants, you lobby the government to require all new restaurants to have a new licence to operate. The government sets up a special committee to issue these licences. You convince them [url=https://www.stanley-cup.us]stanley cups[/url] to put you or your friends on this committee and ask them not to issue new restaurant licences. The supply of new restaurants goes down, allowing you and other existing restaurant owners to capture the market. The money you make now isn t profit, they are rents.Ren
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