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Pakistan » Outlook International Property Brokers forecast that Pakistan's deficit is now to rise to 2.3% of GDP in 2006 and 2.6% in 2007, from an estimated 1.5% of GDP in 2005.
Regardless of the shock of the earthquake that hit northern Pakistan in October 2005, the economy will act upon strongly with GDP growth forecast at 6.6% in fiscal year 2005/06 (July-June) and 5.8% in 2006/07.
The president of Pakistan Telecommunication, Junaid Khan, announced that the government was preparing a legal document transferring a scheming chance in the company to the UAE's Etisalat.
Pakistan is planning to hold parliamentary elections by October 2007, and an electoral college is due to choose a president in the same year. General Musharraf's followers in parliament are likely to be re-elected and he is probable to win the 2007 presidential election.
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