Posted by: uss017 | December 13, 2007

Dar’s financial engineering

Dar’s criticism termed ‘financial engineering’

MUSHTAQ GHUMMAN
ISLAMABAD (April 30 2008): The unadjusted budget figures for fiscal year 2007-08, as presented by Finance Minister Ishaq Dar during the first Cabinet meeting on April 9 constitute ‘financial engineering’, according to well placed sources. “One of the major flaws in the analysis of the unadjusted figures was failure of the Finance Minister to disclose the $800-900 million financing committed by the US for logistic support for Pakistan’s war on terror.

This amount would be part of non-tax revenue,” analysts argued. An economic analyst told Business Recorder here on Tuesday that if the new government prepared its case against the previous government on assumptions of outflows, it must, in all fairness, also mention expected inflows. “It is not fair if we inform the public about the slippages, and not the expected income,” the analyst said.

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See the full report here.

THIS IS ALL WHAT NAWAZ CROOKS CAN DO! At least some Economic experts are watching!

See also:

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© Musharraf Supporters 2007 All rights reserved

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Responses

  1. […] wasted on irrelevant issues at the expense of the economy. The economy also suffered immensely when Ishaq Dar, probably the worst Pakistani on the planet, made a series of irresponsible statements about the […]

  2. […] wasted on irrelevant issues at the expense of the economy. The economy also suffered immensely when Ishaq Dar, probably the worst Pakistani on the planet, made a series of irresponsible statements about the […]

  3. […] wasted on irrelevant issues at the expense of the economy. The economy also suffered immensely when Ishaq Dar, probably the worst Pakistani on the planet, made a series of irresponsible statements about the […]

  4. Ishaq Dar is an incompetent person he doesnt know even 1% about economy of pakistan he was the accountant in shareef family steel mills

  5. […] the ever so grotesque Ishaq Dar (see also this) is still in denial, remaining unrepentant, and insisting he was right when he infamously blurted […]


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