Tag Archives: Failure

Policy failure

Reduced production in the textile sector is just another example of how flawed government policies, framed at whims of policymakers, have distorted the economy and fuelled unemployment. While suspending power supplies to

MoF reprimanded for due diligence failure

The Ministry of Finance (MoF) has come under scathing criticism for due diligence negligence after its Audit Report 2010-11, covering fiscal year 2009-10, revealed that it paid Rs7.4 billion to Oil Marketing

CNG dealers call off strike after failure

LAHORE – After failing to put any credible pressure on the government, the All Pakistan CNG Association (APCNGA) on Thursday decided to withdraw its call for an indefinite strike across Punjab. APCNGA Supreme Council Chairman Ghiyas Paracha said that the strike had been called off in Lahore, Gujranwala and Multan.
However, CNG stations in Attock, Jehlum, Sargodha, Jhang, Bhawalpur Region, Rahim Yar Khan and Sadiqabad would continue the closure. Sources within the association said

Tax reform failure renders fiscal imbalance untenable: SBP

KARACHI – The State Bank of Pakistan (SBP) has said that the failure of tax reforms programme and the flood relief expenditures have rendered the fiscal imbalance of Pakistan unsustainable. The SBP issued this stunning disclosure in its second quarterly report for 2010-11.
The report said that although fiscal indicators showed some improvement in the second quarter of FY11 with substantial growth in non tax revenues, the overall fiscal position during H1-FY11 deteriorated.

Sheen does better in Chicago after Detroit failure

CHICAGO – This time, Charlie Sheen’s stage show began and ended with a standing ovation. Sheen changed up the format for his 20-city road show after bombing in Detroit, using a master of ceremonies who asked the former ‘Two and a Half Men’ star questions during Sunday night’s performance in Chicago. Sheen ditched the rapper, the long monologue and the videos that were part of the Detroit show that had people leaving in droves Saturday night. The changes seem to have helped. Audience