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Pakistan has a democratically elected government where the ruling party is Pakistan People's Party.
Common perception is that it is a weak government, nevertheless backed by the western powers. It is not considered to be a stable government which could change anytime.
Law & Order and the corruption situation in the country are at its worst. However, the press is quite free where the industry as a whole has seen tremendous growth over the past few years.
Several key organizations, like PSO and PIA, are nationalized or partially nationalized. This is viewed as a positive approach because of the unstable political and economic situation in the country. Complete or partial ownership by the government serves as an insurance policy for the organization and its shareholders.
As mentioned earlier, a weak government can change at anytime, which may translate into a change at the top management of many, if not all of these government owned organizations.
Economic:

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During FY09, the loss after tax came to Rs. 6.7 billion versus profit after tax of Rs. 14 billion during FY 08, mainly due to higher financial servicing cost and the inventory losses which incurred during the first half of FY09. [1]
Extremely volatile oil prices were a major outcome of the global financial crisis
The supply and consumption decreased due to the economic slowdown of our economy. This was caused as a result of inflation that was caused by high oil prices and adversely affected our country's Industrial sector.
Reduction in refining capacity of different refineries due to a major increase circular debt
Significant increase in import of oil in the country
Pakistan's economic growth is quite slow. Inflation is at its highest, while the interest rates are at their

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