Pakistan’s Global Political Economy

As the recession hit; the jobless rates soared to 10% and more, banks at the brink of failing, stock exchange plummeted, and economy was left paralyzed. All this happened in United States, which sparked a global recession, bringing down Europe and Asia along with it. This global recession was worst on developing nations, as they feared to face the worst food shortage crises ever.

President Zardari's Constitutional Reforms

Monday April 19, 2010 – President Zardari made history by signing the landmark constitutional reforms amendment bill into law. Zardari – after taking office 18 months ago – pledged to reform the constitution. He promised that all the anomalies that were created by the dictators to protect their powers will be removed from the constitution. After this amendment the powers he inherited from the former President, General Pervez Musharraf, has been reverted back to the Prime Minister. The significance of this gesture is that Zardari is the first President in Pakistan’s history to give up his powers and act as a figurehead President as the original constitution intended.