The year 2012 was a mixed bag. Economy continued its modest recovery with the stock market hitting new records but it was marred by rising civilian casualties and the worsening energy crisis. The coalition government led by the Pakistan Peoples' Party is nearing its full term with a new prime minister and the political parties have begun campaigning for general elections in the first half of 2013.
Below is a summary of positive trends and problems witnessed by Pakistanis in 2012:
2. Terrorism related fatalities declined from the peak of 11,700 in 2009 to 6,211 in 2012, and slightly decreased from 6,303 in 2011, according to SATP. Sectarian deaths accounted for 507 of the 6,2011 victims of terrorism in 2012.
11. Al-Twariqi Steel Mill in Karachi to produce 1.28 million tons of steel
per year and Byco refinery to refine 120,000 barrels of crude per day in
Balochistan were completed in 2012 for full production planned in early 2013.
12. FFC and Zorlu Energy wind farms with combined 106 MW capacity were inaugurated in Jhimpir near Karachi in December 2012.
13. Sharmeen Obaid-Chinoy, journalist and documentary filmmaker, won
Pakistan’s first Oscar for her documentary ‘Saving Face’ documenting the stories of resilience and courage of Pakistan’s acid attack survivors. Sharmeen was also featured on TIME’s 100 Most Influential Peoples list for 2012.
14. Pakistan’s Muhammad Asif won
the World Amateur Snooker Championship in Sofia, Bulgaria.
15. Pakistanis set several records for the Guinness Book of World Records. Amongst them, 44,200 Pakistanis sang the national anthem together at the National Hockey Stadium to set a new world record
breaking India’s record of 15,243 people. Also, more
than 24,000 Pakistanis formed the world’s largest ‘human national flag’,
smashing a previous record set in Hong Kong.
1. There was lack of clear political consensus on military action against the Taliban even as they tried to assassinate innocent civilians like Swat schoolgirl Malala Yousufzai. She was shot in the head with the TTP claiming responsibility for the attack.
2. Energy crisis, particularly gas shortages, became more acute.
3. Civilian casualties in incidents of terrorism jumped from 2,738 in 2011 to 3,007 in 2012 as the Taliban went after soft targets, including minorities, school girls and aid workers.
Karachi saw a dramatic increase in ethnic and sectarian violence claiming over 2000 lives. Bank robberies, extortion and kidnapping increased as the Taliban sought to fund their insurgency.
6. Pakistani currency continued to decline nearing Rs. 100 to a US dollar exchange rate. The rupee slid 7 percent versus US dollar in the past
year, with reserves down about 19 percent to $13.8 billion raising fears of another balance of payments crisis.
Pakistan's installed generating capacity is about 20,000 MW. It exceeds current demand of 17,000 MW and actual supply of just 10,000 MW. The capacity utilization is only 50% mainly because the producers do not buy sufficient fuel and choose to operate at only 50% of capacity and still enjoy soaring profits. The current…
China's new Prime Minister Mr. Li KeQiang has just ended a two-day visit to Pakistan. Speaking to the Senate, Li declared that "the development of China cannot be separated from the friendship with Pakistan". To make it more concrete, the Chinese Premier brought with him a 5-points proposal which emphasizes "strategic and long-term planning", "connectivity and maritime sectors" and "China-Pakistan economic…