Allama Muhmmad Iqbal Words, without power, is mere philosophy.
Quaid-e-Azam Expect the best, Prepare for the worst...
Wheat yield is expected be lower this season; says CM Sindh After ravaging floods and heavy rainfall in most parts of Sindh province this summer, the Chief Minister, Sayed Qaim Ali Shah, has stated that it is extremely likely that the wheat production for the current season will be far too low than the last […]
Mohsin Industries on verge of closure Thursday, January 5, 2012: An undisclosed source has divulged that Mohsin Industries, the gemstone mining firm operating in Gilgit, Baltistan, is on verge of closure following a tremendous uproar in the legislature about its licensing. The source further revealed that several employees, including some of its senior most management […]
The digital age has not sit well with Kodak as it battles for survival. The New York Stock Exchange warned the company that it can eject the company if they do not close their titles in the next six months, as required by the market. Kodak received the warning after its shares closed down for […]
Another strike at the main gas pipeline by the suspected militants resulted suspension of gas to CNG stations for 36 hours in most parts of Sindh and Balichistan. The explosion in pipeline was reported near Jafarabad in Balochistan on Wednesday, causing the closure of CNG stations from 8 p.m. for 36 hours. The incident will […]
Constant loses forces JS Air to close its operation in Pakistan JS Air has decided to shut down its operations after several of its customers were scared away towards its competitors. The Air lines clientage fell drastically after a deadly accident killed 21 people nearly a year ago. Munawar Alam Siddiqui, chairman of JS Air, […]
Economic Coordination Committee (ECC) of the Cabinet has decided to purchase 378,000 tons of sugar for the strategic reserve this year. The decision was taken after the reduction bid prices for sugar by the sugar mills this season, quoting just Rs. 17 per kg. The ECC meeting was presided by the Finance Minister of Pakistan, […]
Lakhra Power Plant non-operational since 2006 due to leasing disputes Two units of the Lakhra Power Plant has been out of order since 2006 due to a leasing disputes and it may very well continue to do so as Water and Power Development Authority has not issued the plant’s maintenance fund. Lakhra Power Plant, based […]
Load shedding hampering Pakistan’s textile production Hours of gas and electricity load shedding has badly affected the Manchester of Pakistan (Faisalabad) where around 300,000 people have lost their jobs due to closure of the industries. MNA Fazal Kareem, speaking on a point of order in the National Assembly said his city was a business hub […]
The main reason why the 2008 upheaval occurred was loosely monitored banking sector that showed profits and profits, nothing else, however; in reality the Enron crisis was in the making. The same happened in Europe. However, the US government and the international community for that matter needs to create units which can oversee the operation […]
More aching is the failing economy of China. During the 2008 episode, the Chinese government issue a $630 Billion easing package to the business sector, like the US, but the industry managed to get out of the crisis, unlike the US. However, the issue that remained un addressed was the encouragement of domestic consumption. The […]
The reason why the European economy ended in a free fall, yet again was the lack of any long-term financial tools. The free flow of the money from European Central Bank to the commercial and investment ones without a proper check and balance resulted in a gargantuan pile of debt that looked unacceptable in the […]
The US and the European economy stood on Achilles’ heel the whole year, meaning 2011. Although the 2008 financial crisis settled down after inflicting so much damage to the whole world, its aftermaths are still taking their toll on the employment rate and the debts and borrowing systems in both continents. The US economy is […]
