...Musharraf-Aziz dispensation stands much higher than that of the governments' at the helm in the 1990s. The principal thrust of the seventh budget prepared under the stewardship of Shaukat Aziz, first as Finance Minister and later as Prime Minister, was to stay the course chartered to hasten growth, undistracted by inflation. The difference this time is that stronger fiscal stimulus has been devised to maintain growth in the range of six to eight percent.

Pakistan's economy was able to withstand the twin shocks of high oil prices and the devastating earthquake of October 8, 2005, in its Northern Areas. In this backdrop, the lowering of fiscal deficit and build-up of foreign exchanges reserves to over 10 billion dollars, by the present economic team was definitely remarkable feat. Fortunately, the earthquake was located in the Northern Areas, away from the industrial and agricultural heartland of the country.

The Finance Bill placed, before Parliament yesterday, envisages a budgetary outlay of Rs 1.315 trillion, with a development programme of...

NOTE: All illustrations and photos have been removed from this article.



Looking for additional articles?
Search our database of over 3 million articles.

Looking for more in-depth information on this industry?
Search our complete database of Industry & Market reports by text, subject, publication name or publication date.

About Goliath
Whether you're looking for sales prospects, competitive information, company analysis or best practices in managing your organization, Goliath can help you meet your business needs.

Our extensive business information databases empower business professionals with both the breadth and depth of credible, authoritative information they need to support their business goals. Whether it be strategic planning, sales prospecting, company research or defining management best practices - Goliath is your leading source for accurate information.