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Mixed reactions from businessmen

Pakistani professionals and businessmen in the UAE have criticised their country’s federal budget for 2012-13 due to its inability to address the main economic issues and increasing the number of taxpayers.

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Protecting against downside risk

As may turns to June, this year is proving similar to 2011. Last year, signs of sustainable US recovery were snuffed out by eurozone summits after G-8 get-togethers that led to ever-declining confidence in the ability of the international community to prevent a liquidity crisis becoming a regional solvency crisis.

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Pakistan budget heat boils over

Opposition lawmakers hijacked the Pakistani government’s unveiling of the new budget on Friday, trading punches during angry scuffles in parliament against power cuts and corruption.

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