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		<title>Pakistan Community Forum and Blogs - Current Affairs</title>
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			<title>Pakistan Community Forum and Blogs - Current Affairs</title>
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			<title>CAMERAS Brand New Nikon D700 : $700 USD</title>
			<link>http://pkforum.com/vb/threads/11857-CAMERAS-Brand-New-Nikon-D700-700-USD?goto=newpost</link>
			<pubDate>Thu, 02 Sep 2010 17:38:55 GMT</pubDate>
			<description>*We are Distributor of Mobile phones and Video Games, We specialize in 
competitively-priced original and high-quality. We are the Given our...</description>
			<content:encoded><![CDATA[<div><b>We are Distributor of Mobile phones and Video Games, We specialize in<br />
competitively-priced original and high-quality. We are the Given our<br />
products at a discounted prices.<br />
<br />
COMPANY NAME;LAVA TECHNOLOGIES LIMITED<br />
Registered No. 03891045<br />
BOUNDARY HOUSE, 91-93 CHARTERHOUSE STREET, LONDON, EC1M 6HR, EC1M 6HR<br />
Sales Manager:Mr Smith<br />
<br />
Products Price:<br />
Apple iphone 3gs 32gb--$300<br />
Apple iPhone 4GB-------$150<br />
Apple iPhone 8GB-------$180<br />
Apple iphone 3G 16GB---$180<br />
<br />
Sidekick LX -- $120<br />
Sidekick 3 --- $115<br />
Juicy Couture Sidekick 2 -- $100<br />
Mister Cartoon Sidekick -- $110<br />
Juicy couture Sidekick III--$110<br />
Sidekick D - Wade --- $110<br />
Sidekick ID----- $100<br />
<br />
HTC P6500 Sirius Pocket PC--$250<br />
T-Mobile G1 Android HTC--$220<br />
HTC Touch HD--$220<br />
HTC Touch Diamond P3700 --$220<br />
HTC Touch PRO EU----$220<br />
HTC Advantage X7500---$220<br />
HTC P4550 TYTN II Pocket PC--$150<br />
At&amp;t Tilt 8925 Pocket PC--$140<br />
HTC Touch Dual P5500--$140<br />
HTC Touch Dual NA P5520--$140<br />
HTC Touch Cruise P3650 Polaris 3G--$160<br />
HTC TYTN Pocket PC----$130<br />
HTC Touch Smartphone--$130<br />
HTC P3470 Smartphone--$130<br />
<br />
Eten glofiish M750 -- $250<br />
Eten glofiish M810 -- $225<br />
Eten glofiish X650 -- $200<br />
Eten glofiish M800 -- $215<br />
Eten glofiish X600 -- $190<br />
Eten glofiish X500+ -- $170<br />
Eten glofiish X800 -- $215<br />
Eten glofiish M700 -- $180<br />
Eten glofiish X500 -- $160<br />
Eten M550 -- $110<br />
Eten G500 -- $115<br />
Eten M600 -- $120<br />
<br />
Nokia 5610 XpressMusic Red--$120<br />
Nokia 6500 Classic Black---$120<br />
Nokia N81 8GB---$140<br />
Nokia 8800 Arte---$350<br />
Nokia N95-3------$170<br />
Nokia 8600 US Luna---$250<br />
Nokia N95-2 8GB--$200<br />
Nokia N96 16GB--$230<br />
Nokia E90 Communicator----$200<br />
Nokia N78 Blue---$180<br />
Nokia E71-3 EU--$170<br />
Nokia E66---$140<br />
Nokia E71-2 NA--$170<br />
Nokia 6500--$100<br />
Nokia 3600--$100<br />
Nokia 6600--$120<br />
Nokia N77--$200<br />
Nokia E61i--$110<br />
Nokia N800--$120<br />
<br />
BlackBerry Storm 9530--$250<br />
BlackBerry Storm 9500--$250<br />
BlackBerry Bold 9000 -- $200<br />
BlackBerry Pearl 8110 -- $150<br />
BlackBerry Pearl 8120 -- $150<br />
BlackBerry Curve 8320 -- $170<br />
BlackBerry Curve 8310 -- $155<br />
BlackBerry Curve 8300 -- $160<br />
BlackBerry 8820 -- $135<br />
BlackBerry 8830-- $170<br />
BlackBerry 8800 -- $145<br />
BlackBerry Pearl 8100 -- $120<br />
<br />
Sony Ericsson C905--$220<br />
Sony Ericsson XPERIA X1--$250<br />
Sony Ericsson G502--$150<br />
Sony Ericsson T303--$120<br />
Sony Ericsson G900--$180<br />
Sony Ericsson W980--$150<br />
Sony Ericsson C902--$120<br />
Sony Ericsson Z770--$120<br />
Sony Ericsson W760--$130<br />
Sony Ericsson W890--$135<br />
Sony Ericsson K660--$100<br />
Sony Ericsson K770--$115<br />
Sony Ericsson K850--$120<br />
Sony Ericsson W960--$160<br />
Sony Ericsson W910--$140<br />
Sony Ericsson P1 -- $120<br />
<br />
Samsung Omnia 16GB-----$250<br />
Samsung Omnia 8GB------$200<br />
Samsung Instinct sprint----$200<br />
Samsung G800 -- $160<br />
Samsung U900 Soul -- $185<br />
Samsung F490 -- $175<br />
Samsung Giorgio Armani P520-- $160<br />
Samsung F480 -- $190<br />
Samsung F110 -- $135<br />
<br />
Motorola ZN200---$200<br />
Motorola Aura--$200<br />
Motorola RAZR2 V9 -- $170<br />
Motorola RIZR Z10 -- $180<br />
Motorola ROKR E8 -- $110<br />
Motorola U9 -- $100<br />
Motorola Z9 -- $100<br />
Motorola Z6w -- $120<br />
Motorola Z6c -- $110<br />
Motorola RIZR Z8 -- $170<br />
Motorola KRZR K3 -- $110<br />
Motorola SLVR L9 -- $100<br />
Motorola Q 9h -- 185<br />
Motorola Q 8 -- $140<br />
<br />
Nikon cameras products all are brand new..<br />
-----------------------------------------------------------------<br />
CAMERAS Brand New Nikon D700 : $700 USD<br />
CAMERAS Brand New Nikon D800 : $800 USD<br />
CAMERAS Brand New Nikon D1000 : $1200 USD<br />
Brand New Nikon D40 : $320USD<br />
Brand New Nikon D40x : $350 USD<br />
Brand New Nikon D60 ; $400 USD<br />
Brand New Nikon D80 : $500 USD<br />
Brand New Nikon D200 : $550 USD<br />
Brand New Nikon D300 : $600 USD<br />
<br />
VERTU PRICE LIST<br />
Vertu Signature Standard Platinum-----$400<br />
Vertu Signature Duo Stainless Steel---$350<br />
Vertu Signature Standard White Gold---$450<br />
Vertu Signature Standard Yellow Gold--$450<br />
Vertu Ascent Pink-Special Editionfiltered--$400<br />
<br />
GARMIN 396--$130<br />
Playstation 3 40GB---$120<br />
Playstation 3 60GB---$130<br />
Playstation 3 80GB---$175<br />
Playstation 3 80GB---$180<br />
Sony PSP Value Pack--$85<br />
GameBoy Advance------$70<br />
<br />
Apple ipod itouch 32GB----$150<br />
Apple ipod itouch 16GB----$120<br />
Apple ipod itouch 8GB-----$100<br />
Apple iPod 30GB (Video)---$100<br />
Apple iPod 60GB (Video)---$100<br />
Apple iPod Mini 6 GB------$100<br />
Apple iPod Photo 30 GB----$110<br />
Apple iPod U2 SE 20 GB----$120<br />
Apple iPod Photo 60 GB----$120<br />
Apple iPod 20 GB----------$100<br />
Apple ipod 80 GB----------$120<br />
<br />
Nintendo DS---$50<br />
Nintendo Wii--$150<br />
<br />
Xbox 360 Core System-----$160<br />
Xbox 360 Prenium pack--$170<br />
Xbox 360 Platinum Bundle Console-- $155<br />
Xbox 360 Elite--------$$180<br />
=======================================<br />
APPLE LAPTOP:<br />
<br />
Apple MacBook Pro (MA611LL/A) Notebook--$550<br />
Apple MacBook (MA254LL/A) Mac Notebook--$400<br />
Apple iBook G3 (M7698LL/A) Mac Notebook-$550<br />
Apple MacBook Pro (MA609LL/A) Notebook--$500<br />
Apple MacBook Pro (MA600LLA) Notebook---$450<br />
Apple MacBook Pro (MA610LL/A) Notebook--$550<br />
Apple Macbook Pro(885909119400)Notebook-$550<br />
=======================================<br />
SONY VAIO P4 LAPTOP:<br />
Sony VAIO(R) PCG-GRT100 (PCG-GRT10012) PC Notebook----$400<br />
Sony VAIO(R) PCG-GRT100P (PCG-GRT100P3 PC Notebook----$450<br />
Sony VAIO(R) PCG-GRT100P (PCG-GRT100P56) PC Notebook--$500<br />
Sony VAIO(R) PCG-GRT100P (PCG-GRT100P44) PC Notebook--$440<br />
Sony VAIO(R) PCG-GRT100P (PCG-GRT100P17) PC Notebook--$300<br />
Sony VAIO(R) PCG-V505BCP (PCG-V505BCP11) PC Notebook--$450<br />
Sony VAIO(R) PCG-GRT100K (PCG-GRT100K23) PC Notebook--$440<br />
=======================================<br />
DELL LAPTOP:<br />
Dell XPS M1710 PC Notebook--$300<br />
Dell XPS M2010 PC Notebook--$500<br />
<br />
All products are 100% tested and all brands new and all in perfect<br />
working conditions. We send out products via reputable courier<br />
companies and delivery is at your doorstep 2 days after shipment<br />
(maximum)<br />
<br />
Return Policy<br />
<br />
All products must be returned within 15 days. In order to process your<br />
return or exchange, please explain in detail why you need to return or<br />
exchange your order. We will respond to you with RMA # (return<br />
merchandise authorization) within 24-48hrs. DO NOT SHIP YOUR ORDER<br />
WITHOUT RMA#. We will be responsible for the return shipping cost. We<br />
strive to offer high-quality products at competitive prices.<br />
We are committed to doing all it takes to satisfied all our customers!<br />
Many thanks and God bless you as you place your order with us today.<br />
For purchasing process. Kindly send your inquiries to:<br />
<br />
EMAIL: <a href="mailto:ray_smithstore@yahoo.com">ray_smithstore@yahoo.com</a><br />
Regards<br />
Sales Manager.Mr Smith<br />
</b></div>

 ]]></content:encoded>
			<category domain="http://pkforum.com/vb/forums/12-Current-Affairs">Current Affairs</category>
			<dc:creator>xbox360</dc:creator>
			<guid isPermaLink="true">http://pkforum.com/vb/threads/11857-CAMERAS-Brand-New-Nikon-D700-700-USD</guid>
		</item>
		<item>
			<title><![CDATA[&#1662;&#1575;&#1705;&#1587;&#1578;&#1575;&#1606; &#1705;&#1575; &#1587;&#1740;&#1604;&#1575;&#1576; &#1575;&#1608;&#1585;&#1575;&#1605;&#1585;&#1740;&#1705;&#1729; &#1705;&#1740; &#1575;&#1605;&#1583;&#1575;&#1583;]]></title>
			<link>http://pkforum.com/vb/threads/11849-&#1662;&#1575;&#1705;&#1587;&#1578;&#1575;&#1606;-&#1705;&#1575;-&#1587;&#1740;&#1604;&#1575;&#1576;-&#1575;&#1608;&#1585;&#1575;&#1605;&#1585;&#1740;&#1705;&#1729;-&#1705;&#1740;-&#1575;&#1605;&#1583;&#1575;&#1583;?goto=newpost</link>
			<pubDate>Wed, 01 Sep 2010 15:08:15 GMT</pubDate>
			<description>Ban me......................!!!</description>
			<content:encoded><![CDATA[<div>Ban me......................!!!</div>

 ]]></content:encoded>
			<category domain="http://pkforum.com/vb/forums/12-Current-Affairs">Current Affairs</category>
			<dc:creator>US CENTCOM</dc:creator>
			<guid isPermaLink="true"><![CDATA[http://pkforum.com/vb/threads/11849-&#1662;&#1575;&#1705;&#1587;&#1578;&#1575;&#1606;-&#1705;&#1575;-&#1587;&#1740;&#1604;&#1575;&#1576;-&#1575;&#1608;&#1585;&#1575;&#1605;&#1585;&#1740;&#1705;&#1729;-&#1705;&#1740;-&#1575;&#1605;&#1583;&#1575;&#1583;]]></guid>
		</item>
		<item>
			<title><![CDATA[NDM-1: New 'superbug' found in UK hospitals]]></title>
			<link>http://pkforum.com/vb/threads/11763-NDM-1-New-superbug-found-in-UK-hospitals?goto=newpost</link>
			<pubDate>Sat, 14 Aug 2010 07:12:17 GMT</pubDate>
			<description>A new superbug that is resistant to even the most powerful antibiotics has entered UK hospitals, experts warn. 
 
They say bacteria that make an...</description>
			<content:encoded><![CDATA[<div>A new superbug that is resistant to even the most powerful antibiotics has entered UK hospitals, experts warn.<br />
<br />
They say bacteria that make an enzyme called NDM-1 have travelled back with NHS patients who went abroad to countries like India and Pakistan for treatments such as cosmetic surgery.<br />
<br />
Although there have only been about 50 cases identified in the UK so far, scientists fear it will go global.<br />
<br />
Tight surveillance and new drugs are needed says Lancet Infectious Diseases.<br />
<br />
The fear would be that it gets into a strain of bacteria that is very good at being transmitted between patients”<br />
<br />
NDM-1 can exist inside different bacteria, like E.coli, and it makes them resistant to one of the most powerful groups of antibiotics - carbapenems.<br />
<br />
These are generally reserved for use in emergencies and to combat hard-to-treat infections caused by other multi-resistant bacteria.<br />
<br />
And experts fear NDM-1 could now jump to other strains of bacteria that are already resistant to many other antibiotics.<br />
<br />
Ultimately, this could produce dangerous infections that would spread rapidly from person to person and be almost impossible to treat.<br />
<br />
At least one of the NDM-1 infections the researchers analysed was resistant to all known antibiotics.<br />
<br />
Similar infections have been seen in the US, Canada, Australia and the Netherlands and international researchers say that NDM-1 could become a major global health problem.<br />
<br />
Infections have already been passed from patient to patient in UK hospitals.<br />
<br />
<img src="http://news.bbcimg.co.uk/media/images/48690000/gif/_48690335_hotspots464x284.gif" border="0" alt="" /><br />
<br />
The way to stop NDM-1, say researchers, is to rapidly identify and isolate any hospital patients who are infected.<br />
<br />
Normal infection control measures, such as disinfecting hospital equipment and doctors and nurses washing their hands with antibacterial soap, can stop the spread.<br />
<br />
And currently, most of the bacteria carrying NDM-1 have been treatable using a combination of different antibiotics.<br />
<br />
But the potential of NDM-1 to become endemic worldwide is &quot;clear and frightening&quot;, say the researchers in The Lancet infectious diseases paper.<br />
<br />
The research was carried out by experts at Cardiff University, the Health Protection Agency and international colleagues.<br />
<br />
Dr David Livermore, one of the researchers and who works for the UK's Health Protection Agency (HPA), said: &quot;There have been a number of small clusters within the UK, but far and away the greater number of cases appear to be associated with travel and hospital treatment in the Indian subcontinent.<br />
<br />
&quot;This type of resistance has become quite widespread there.<br />
<br />
&quot;The fear would be that it gets into a strain of bacteria that is very good at being transmitted between patients.&quot;<br />
<br />
He said the threat was a serious global public health problem as there are few suitable new antibiotics in development and none that are effective against NDM-1.<br />
<br />
The Department of Health has already put out an alert on the issue, he said.<br />
<br />
&quot;We issue these alerts very sparingly when we see new and disturbing resistance.&quot;<br />
Travel history<br />
<br />
The National Resistance Alert came in 2009 after the HPA noted an increasing number of cases - some fatal - emerging in the UK.<br />
<br />
The Lancet study looked back at some of the NDM-1 cases referred to the HPA up to 2009 from hospitals scattered across the UK.<br />
<br />
At least 17 of the 37 patients they studied had a history of travelling to India or Pakistan within the past year, and 14 of them had been admitted to a hospital in these countries - many for cosmetic surgery.<br />
<br />
For some of the patients the infection was mild, while others were seriously ill, and some with blood poisoning.<br />
<br />
A Department of Health spokeswoman said: &quot;We are working with the HPA on this issue.<br />
<br />
&quot;Hospitals need to ensure they continue to provide good infection control to prevent any spread, consider whether patients have recently been treated abroad and send samples to HPA for testing.<br />
<br />
&quot;So far there has only been a small number of cases in UK hospital patients. The HPA is continuing to monitor the situation and we are investigating ways of encouraging the development of new antibiotics with our European colleagues.&quot;<br />
<br />
The Welsh Assembly Government said it would be &quot;fully considering&quot; the report.<br />
<br />
&quot;The NHS in Wales is used to dealing with multi-resistant bacteria using standard microbiological approaches, and would deal with any new bacteria in a similar way,&quot; said a spokesperson. <br />
<br />
<br />
----------------------<br />
<br />
<br />
New Superbug Spurs Warning<br />
<br />
LONDON—Governments will need to &quot;pay up&quot; and support drug discovery if big drug companies are to develop a new generation of antibiotics to fight deadly new infections, health experts say.<br />
<br />
Researchers in an article published in the U.K. journal Lancet Wednesday identified a superbug that is resistant to most antibiotics and warned that it is widespread in India and could spread globally.<br />
<br />
The new gene, called NDM-1, alters bacteria, allowing them to become resistant to nearly all known antibiotics including carbapenems, a group of antibiotics often reserved as a last resort for emergency treatment for multi-drug resistant bugs.<br />
<br />
The NDM-1 gene was found on DNA structures, called plasmids, that can be easily copied and transferred between bacteria, giving the bug &quot;an alarming potential to spread and diversify,&quot; the authors said.<br />
<br />
Also worrying is the lack of drugs available to fight the threat. That situation is unlikely to change soon because of Big Pharma's relative lack of interest in the area, due to several factors.<br />
<br />
&quot;The most important ones are the fast development of resistances against many drugs, which shortens product lifespans for new antibiotics, as well as the high level of genericization throughout the antibacterials segment, which further reduces the commercial opportunity for new drugs,&quot; said Hediwg Kresse, lead infectious disease analyst at Datamonitor in London. &quot;As a consequence, there is an overall lack of new antibiotics in development pipelines.&quot;<br />
<br />
Another barrier is lack of clarify in R&amp;D demands from official regulators.<br />
<br />
Nonetheless, some large drug makers are actively investing in antibiotic research, such as U.S.-based Pfizer Inc. and Merck &amp; Co., Switzerland's Novartis AG, and GlaxoSmithKline PLC and AstraZeneca PLC of the U.K.<br />
<br />
&quot;We believe there is great value in investing in medicines to treat this serious area of disease,&quot; said Anders Ekblom, AstraZeneca's executive vice president of global medicines development. &quot;Bacteria are continually developing resistance to our arsenal of antibiotics, and NDM1 is just the latest example,&quot; he added.<br />
<br />
In a statement Wednesday, GlaxoSmithKline said: &quot;New antibiotics that work in different ways to existing medicines are desperately needed to tackle the rising incidence of antibiotics resistance.&quot;<br />
<br />
Still, the area is a niche market for these participants given the limited prospects for return.<br />
<br />
Experts say governments and drug and health-care regulators need to act if they are to help spur more investment in this type of research.<br />
<br />
That is a message drug makers don't make publicly but press quietly, behind the scenes with decision makers. Analysts say the main issue is return on investment.<br />
<br />
&quot;Many prospective industry developers also see the regulatory environment more restrictive for antibiotics than for other therapeutic areas,&quot; said Chantal Morel, health economist at the London School of Economics.<br />
<br />
&quot;If companies could be assured a higher price for an effective new antibiotic we would probably not need any further incentives. Short of that, incentives that appear more promising than others are those that provide some early research subsidy—to level the playing field amongst small and large developers—as well as a strong financial lure once the product is fully developed.&quot;<br />
<br />
Other incentives might include special designation similar to that currently giving orphan drugs major tax incentives, along with increased market exclusivity.<br />
<br />
Write to Sten Stovall at <a href="mailto:sten.stovall@dowjones.com">sten.stovall@dowjones.com</a></div>

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			<category domain="http://pkforum.com/vb/forums/12-Current-Affairs">Current Affairs</category>
			<dc:creator>Asad</dc:creator>
			<guid isPermaLink="true">http://pkforum.com/vb/threads/11763-NDM-1-New-superbug-found-in-UK-hospitals</guid>
		</item>
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			<title>Economic collapse</title>
			<link>http://pkforum.com/vb/threads/11761-Economic-collapse?goto=newpost</link>
			<pubDate>Sat, 14 Aug 2010 01:46:41 GMT</pubDate>
			<description>Source: Dawn.com 
 
What could be worse than floods that have displaced millions, killed thousands and destroyed huge swathes of farmland, a...</description>
			<content:encoded><![CDATA[<div>Source: Dawn.com<br />
<br />
What could be worse than floods that have displaced millions, killed thousands and destroyed huge swathes of farmland, a catastrophe the country will take years to recover from?<br />
<br />
Some people think they know, and the answer terrifies them. Away from the political mishegoss in Islamabad, calculators are anxiously being pulled out and back-of-the-envelope calculations are furiously being made by the serious-minded folks.<br />
<br />
The numbers are numbing: even before the floods, Pakistan seemed to be heading for economic collapse; after the floods, that appears to be all but a certainty.<br />
<br />
Gone will be the days of loadshedding — because there will be no electricity at all in the grid. Inflation, which has stayed stubbornly high, will spike again — because a sustained budget deficit is forcing the government to borrow money, keeping the economy awash in surplus money, more cash chasing the same amount of goods.<br />
<br />
Revenue projections could collapse — because piling on indirect taxes eventually causes inelasticity to turn into elasticity: in time, the market shrinks as taxes go up. The current account deficit could balloon yet again as remittances, the great, unexplained boon the past few years, stagnate, putting pressure on the exchange rate and making the days of the 100-rupee dollar a distinct possibility.<br />
<br />
Must all this necessarily happen? No. Is it politically inevitable? Yes.<br />
<br />
The challenges may be grim, but they are not insurmountable — yet. What is terrifying some people in Islamabad, however, is the attitude of the present government. Like first-class passengers demanding caviar on a sinking Titanic, the federal government seems supremely unaware of the storm that is slowly engulfing it.<br />
<br />
Meetings are held on critical economic matters, but decisions are deferred. Ministers prefer to rearrange papers on their desks, if they bother to come in to office at all, rather than study how to push through reforms. At the very top … well, never mind. A presidential helicopter touching down at a chateau in the land of Marie Antoinette said it all.<br />
<br />
How can an elected government be so catastrophically, diabolically, maniacally bad? It doesn’t seem to make any sense. The panic alarms are ringing furiously across the country, warning the PPP of an electoral wipe-out the next time round. Wouldn’t surviving to plunder this land some more be an incentive? Why court your own doom?<br />
<br />
The answer, alas, seems to lie in a game somewhere else. Zardari and his ribald bunch of misfits appear to be making the ultimate high-stakes bet: that if Pakistan stands at the precipice, arms aloft, seemingly ready to embrace her fate, western hands will claw her back to safety.<br />
<br />
It goes something like this. The West will generally not let Pakistan fail because the consequences of failure here are too serious for the region and the world at large. The West will specifically not let the present government fail because it represents the best coalition for claiming public support in the fight against militancy. Combine the general with the specific, and voila! You have an unbeatable hand.<br />
<br />
Welcome to Bailout City. Why do the heavy lifting when others will do it for you?<br />
<br />
Except, not really. One, there’s little to no appetite in the US to bail out a profligate, corrupt government unwilling to get serious about governance. The Americans have a back-up plan: the IMF. That’s where they send the serial offenders and chronic delinquents for the one-size-fits-all treatment.<br />
<br />
Since we are already in the embrace of the IMF, round two will call for tougher measures. The first time they forced us to slash subsidies; the second time they’ll take the scalpel to the public sector.<br />
<br />
Public sector enterprises (PSEs) lost Rs250bn last year. Outsiders like the International Monetary Fund (IMF) don’t know how to stop that haemorrhaging in a sophisticated way; they will force the obvious: slash salary expenditures. Which means layoffs. A more sophisticated negotiating team from the Pakistani side may be able to minimise the cutbacks, but if sophistication was a trademark of this government, we wouldn’t be in the mess we are in.<br />
<br />
Note, though, that the first round of the IMF package hasn’t saved Pakistan, it has just made a bigger mess of things. Electricity prices have been jacked up by 70 per cent in some instances, and yet the sector is on the verge of collapse<br />
<br />
It doesn’t take a PhD in economics to figure out why: inefficiencies — a nice word for incompetence, corruption, mismanagement, malfeasance, misfeasance, general thuggery and an unwillingness to play by the rules — aren’t fixed by throwing more money at a problem.<br />
<br />
Even if you were to double the price of electricity, the sector wouldn’t become liquid. In fact, it would probably veer towards insolvency, with customers refusing to pay their bills altogether, the fundamental reason for the circular-debt crisis today.<br />
<br />
Similarly, slashing the headcount at PSEs will not stanch the losses there. The Railways loses money not because it has too many employees but because it is operating in a structurally flawed market. If you support road carriage at a policy level, as has been the case for decades since the creation of the National Logistics Cell (NLC), there’s little a railways can do — the market will gravitate towards the cheaper option, in this case cheaper because of a deliberate, dubious policy.<br />
<br />
(As an aside, the civil-military imbalance has skewed the economy in ways not many understand or even recognise, NLC being a major example.)<br />
<br />
In short, the IMF sausage maker is really a meat grinder: what comes out is often messier than what goes in. And a second bailout — post-floods, a virtual certainty — is often worse than the first.<br />
<br />
So Zardari &amp; co are really making a losing bet: the financial ‘rescue’ from the West may be worse than the original problem. Then again, that may not seem like such a big deal when you have a chateau — or are selling it or renovating it or whatever he was doing out there. But the rest of us don’t have a chateau to escape to and so we must worry about things like a collapsing economy.<br />
<br />
Which brings us to Zardari’s second problem: survivability. In a high-stakes game of bluff, you need to be sure the other side doesn’t have options. But that’s never the case in Pakistan. There are always options.<br />
<br />
1999-2002 wasn’t very long ago. Many remember it fondly, for its attention and commitment to reform. Why green-light another bailout for a tried-and-failed lot that will just kick the reform ball down the road again? Why not just fold and walk away from a swaggering Zardari?<br />
<br />
Zardari may be too arrogant to care about the media response here, but the scorn heaped on him by the western media will have send chills down the spines of his smarter (!) advisers.<br />
<br />
They know the West’s demand for reform is greater than its love for democracy here.<br />
<br />
Link: <a href="http://www.dawn.com/wps/wcm/connect/dawn-content-library/dawn/the-newspaper/columnists/19-cyril-almeida-economic-collapse-380-hh-19" target="_blank">http://www.dawn.com/wps/wcm/connect/...apse-380-hh-19</a></div>

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			<dc:creator>Asad</dc:creator>
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