Allama Muhmmad Iqbal Words, without power, is mere philosophy.
Quaid-e-Azam Expect the best, Prepare for the worst...
Pakistan-USA rift over NATO supply routes downs KSE Karachi: (Wednesday, June 13, 2012) The deteriorated relations between once front line allies against war on terror has started to impact Pakistan’s economy more visibly now. According to the news, buzzed with the recent rift created after US officials’ derogatory remarks about Pakistan, the buyers visibly exhibited […]
The richest person in the world suggested elevating the retirement age to 70 to utilize the faculties of the experienced The world’s richest man, Carlos Slim Helu, has been talking humanitarian of late. In his latest speech at the Geneva telecommunications conference in Switzerland, he touched a number of topics, including global economy and private […]
Slim was very particular about the peculiar economic health of world currently. Europe and the US are living through the miseries of their own. The Mexican business tzar laid out a twofold solution to the current financial problems that many countries in Europe are facing. He suggested that the governments should elevate the retirement age […]
The latest from the West is that Spain has agreed to receive a bail-out assistance plan from the Euro zone ministers in tune of $125 Billion. However, the Spanish government is expected to release the exact amount needed by June 21. The mere news of the acceptance of bail-out plan has brought smiles on the […]
The US stock market also showed a promising start to the current week after the news received from across the ocean. Though the trading is still to commence on Monday, the futures showed a prosperity of 1 percent. Dow Jones industrial average futures gained 130 points. Nasdaq composite futures rose 28.50 points. S&P 500 futures […]
China, the once streaking economy in the world is now performing less than satisfactorily, mainly because of the foreign demand in the shape of exports. It is a no-brainer now that China is an export-driven economy and domestic consumption is just a bystander in the way. However, the lack of domestic consumption is the one […]
Planning Commission distances itself from LNG project Saturday, June 9, 2012: Planning Commission of Pakistan has distanced itself from the liquefied natural gas (LNG) and has asked the government to hire an independent consultant to assess the feasibility of the $30 billion project before moving ahead. “There are many flaws in the integrated LNG import […]
Soon after the 2008 crisis that hit the West the most, Europe went on a shopping spree, borrowing money from banks in huge sums. Now the bad debts are haunting the whole continent like the notion of Armageddon. Spain is not an exception and is on the verge of collapse if the European Union does […]
The solution to the above is bail-out, undoubtedly but it itself has two-fold problem that is fending the central government and sovereign governments of the countries. First, EU wants to instil the money into the banking sector of the countries like Spain but it is not only Spain that is in the oblivion. Countries like […]
IFP agrees to construct mechanised dry bulk cargo terminal at Port Qasim Friday, June 8, 2012: The International Finance Corporation (IFC) – a member of the World Bank Group – has signed an investment agreement with the Pakistan International Bulk Terminal Limited (PIBT) for the construction of the country’s first mechanised, multi-purpose, dry bulk cargo […]
Once upon a time in far-far West we had the US and the UK, the promising and most thriving economies, and on the other side of the globe was Japan playing fist fights with them single-handedly. Then came the God of Economic Destruction and set the world on ‘Stock Fire’. But, two countries saw the […]
China, these days, is facing hard times due to the lack of foreign demand, especially in the US and Europe, economic crisis being one of the reasons. The country’s own domestic consumption is less than satisfactory which has resulted in slow growth rate, somewhere near 2 percent a year, which was once well above 10 percent […]
