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Budget rows overshadow EU economy summit

European leaders thrashed out plans Friday to revive the moribund economy despite rows with Italy and France over their budgets, while Britain angrily fought a demand from Brussels for more money. The heads of the 28 member states met in Brussels just hours after negotiating deep into the night a [...]

Nawaz vows to wipe out polio virus at every cost

Prime Minister Nawaz Sharif said Friday that a comprehensive communication strategy was being evolved which would promote immunisation as the right of every child and also called upon every segment of the society to ensure that children were being given their due rights. A ceremony was held at the Prime [...]

ERRA completes 102 projects worth Rs.4.67 billion despite financial constraints

Earthquake Reconstruction, Rehabilitation Authority (ERRA) has completed 102  projects in Azad Jammu and Kashmir, Khyber Pakhtunkhwa worth Rs.4.67 billion despite budgetary constraints to improve quality of life in 8th October earthquake affected areas. In a marathon monthly project review meeting, different projects were discussed in detail. The meeting was presided [...]

The biggest threat to our economy

If one were to ask me what I think is the most dangerous threat to our economy, the answer is very simple: student loans. As I write this, we have more than $1.2 trillion of student loan debt. About 10 million federal students loans are taken out annually, and then [...]

Online wealth managers invade private banks’ territory

A NEW breed of low-cost, online wealth manager is luring customers from Britain’s biggest private banks, serving as a wake-up call for the 400-year-old industry to innovate digitally. Start-up wealth managers such as Nutmeg and Wealth Horizon have emerged in the past few years, offering online access to investment expertise [...]

The political economy of the budget

The budget is one of the most powerful fiscal instruments at the disposal of incumbent governments to implement their political commitments and development agenda. Unfortunately, the debate, when it happens, is overly focused on allocations and expenditures, and rarely on the critical issues of transparency and accountability of the budget-making [...]