Oil Prices drop down to US$ 103 per barrel as Gustav dissipates

Previously, demand for oil was drastically decreased due to the rise in the prices of crude oil. After the storm was downgraded to a tropical depression, oil market traders quickly turned their attention to slowing global economic growth. It is speculating that demand for crude oil will be dampened even in rapidly expanding economies of China and India, which traders surely do not want.

How this scenario would influence Pakistan’s economy?

-It would affect Pakistan’s economy only if the situation would persist for two weeks. It is expected that oil-producing countries are going to adopt some measures for price stabilization.

-If prices remain at this level or decrease further, Govt. would be able to fulfill its deficits by taking back the oil subsidy.

-If Govt. decides to transfer this relief to public, the prices of oil and its products would definitely decrease and its trickledown effect would leave a healthy impact on Pakistan’s economy.

-Prices of electricity would come down.

-Prices of chemical fertilizers would fall which in turn would decrease the prices of agro-based products.

Oil is the axis of whole economy. Lets see what would be the scenario in coming days.

Ramzan kay rang........ Dr. Amir Liaquat Hussain kay sang

With noorani chehra,
With stylish jerky vocal,
With trendy beard which keeps on changing and
With chic kurtas,

This is the Dr. Amir Liaquat Hussain, the doctor (dont know in which discipline), the scholar and the expert in all affairs of life who is used to hijack GEO during Ramazan.

Democracy Within Our Reach by Mr. Asif Ali Zoordari, a grieved man :(

"My children and I are still mourning our beloved leader, wife and mother, Benazir Bhutto."
"I spent nine years in prison as a hostage to my wife's career and to my party's future.....I wish I could do it at my wife's side. Now I must do it in my wife's place".

"I want to help complete this process. I owe it to my party and my country but above all to my wife, who lost her life striving to make Pakistan free, pluralist and democratic".

"If I am elected president, one of my highest priorities will be to support the prime minister, the National Assembly and the Senate to amend the constitution to bring back into balance the powers of the presidency and thereby reduce its ability to bring down democratic governance".

"I will work to defeat the domestic Taliban insurgency and to ensure that Pakistani territory is not used to launch terrorist attacks on our neighbors or on NATO forces in Afghanistan".
"stand with the United States, Britain, Spain and others who have been attacked".

"I hope that my own democratic election Saturday will seal the victory of democracy over dictatorship and, at long last, allow our country to defeat the terrorist threat and address the people's needs".

Who has drafted this article?

Sources:
http://www.washingtonpost.com/wp-dyn/content/article/2008/09/03/AR2008090303131.html

A hypocrite or a double-faced man

Mr. Aitzaz Ahsan is a very learned lawyer, a great orator and an impressive activist. I really like his spontaneous and blunt way of talking. His stanch struggle shook the nation and created a soft corner in their hearts. His determination is truly remarkable.

His struggle is against the government who is not willing to restore the previous judiciary. He is strongly criticizing the government’s recent act of reappointing the judges of their own choice.
But “Zardari is still his leader and he would like to die instead of leaving the PPP”.

And “his commitment to the lawyers’ movement would continue till his last breath. He says that his struggle is against the government not against his party. As far as my knowledge is concerned, his own party is in power. Then with whom he is fighting against?

The contradiction of his views is confusing me. I am not convinced by any of his argument. I have no other choice except calling one of my favourite personality a ‘hypocrite and a double-faced man’.

Dr Shahid Masood PTV Chairman Pay Package Announced by PPP

The Establishment Division on Monday issued an ambiguous notification explaining the package and remunerations of the newly-appointed chairman-cum-managing director of the state-owned Pakistan Television Corporation (PTV).

The salary and perks goes as:

• Salary: Rs. 700,000 per month (with annual raise of Rs. 50,000)
• House Rent: Rs. 150,000 per month
• Utility Allowances: Rs. 25,000 per month
• Free mobile phone, two residence telephones and one fax
• Business class tickets for national and international travels.
• Recreational allowance, according to the situation.
  

He will be paid Rs 50,000 extra to that of the package of the previous MD as he would also hold the office of the PTV chairman.

Read more:

http://www.daily.pk/national/nationalnews/5106.html?task=view
http://www.chowrangi.com/package-of-dr-shahid-masood-as-chairman-and-md-ptv.html

Prevaiz Musharraf, the President of Pakistan, has resigned

Finally after immense pressure, Musharraf gave his resignation. What would happen next? No onw knows. But one fact is quite clear that a smaller robber has been with a bigger looter. Story is same, only characters would change. People here in Pakistan are quite happy and celebrating it. They have done same when Nawaz Sharif left in 1999. History repeates itself.