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Title 26.jpg (33828 bytes)Though, the Budget for the financial year 2001-2002 has been termed mostly sector neutral, efforts to balance tax collection and expenditures is expected to pave way to qualify for PRGF arrangement with the IMF. The policies persued so far have helped in restoring Pakistan's credibility with the international financial institutions. The sector specific policies will play a key role in determining quantum of fresh investment, broadening manufacturing base and achieving higher GDP growth rate.


From 1st of July 2001 the import and pricing of fuel oil and high speed-diesel will be looked after by the private sector in Pakistan. It is however yet to be seen how the decision of deregulation goes to the benefit of the consumers. The price of electricity and POL products may not come down in Pakistan unless the consumers are given some relief from heavy taxes imposed by the government on electricity and oil consumption.

This week we are publishing an exclusive article "Canada in a global economy". With an area of 10 million square kilometres (over 3.8 million square miles), Canada is the second largest country in the world, but given its population of only about 30 million, it is one of the least densely populated. It has been argued that Canadians, more than most people, tend to define the world and their place in it in terms of geography. In part, this may reflect the feeling of space and unlimited resources that result from the low population density.

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