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Tuesday, 21 May 2013
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Budget 2012: Not all that one hoped for

Members of the Pakistani opposition protest, after the budget speech,outside the parliament house in Islamabad on June 1, 2012. PHOTO: AFP

Members of the Pakistani opposition protest, after the budget speech,outside the parliament house in Islamabad on June 1, 2012. PHOTO: AFP

Prime Minister Yousaf Raza Gilani signs the approval for the 5th budget, a first for a democratically elected government in Pakistan. PHOTO: APP

A fruit vendor waits for customers. Inflation was up by 10.8% as per government estimates. Tomatoes registered the highest price increase with 85%. PHOTO: REUTERS

Members of the Pakistani opposition protest, after the budget speech,outside the parliament house in Islamabad on June 1, 2012. PHOTO: AFP

A Pakistani waiter distributes free bread to impoverished men in Karachi on June 1, 2012. Pakistan's economy grew by 3.7% in the current fiscal year, with unemployment soaring. PHOTO: AFP

Leader of the Opposition in the National Assembly joins other members of the Parliament in a protest, after the budget speech,outside parliament house in Islamabad. The session was marred by a scuffle between parliamentarians and chants against the government. PHOTO: AFP

A Pakistani man carries budget copies as he leaves the parliament house in Islamabad on June 1, 2012. Opposition lawmakers hijacked the Pakistani government's unveiling of the new budget, trading punches at angry scuffles in parliament against power cuts and corruption. PHOTO: AFP

A Pakistani worker prepares bags of wheat flour outside a shop in Islamabad on June 1, 2012. Pakistan's economy grew by 3.7% in the current fiscal year with inflation up by 10.8%. PHOTO: AFP

Budget saw targets missed yet again, registering growth of 3.7%, inflation of 10.8%, soaring deficit, energy crisis.