Allama Muhmmad Iqbal Words, without power, is mere philosophy.
Quaid-e-Azam Expect the best, Prepare for the worst...
It was recently reported from Islamabad that the Finance Minister Ishaq Dar came out in the open and revealed that Pakistan is planning to launch an Islamic Bond which will be denominated in Dollars for all the Islamic banking institutions and different funds in the near future. A meeting which was led by Xavier Rolet, […]
Declining Rupee puts stocks under pressure Islamabad: (Thursday, May 31, 2012) With the investors panicked by the sustained decline in Pakistani rupee versus US dollars, stocks at the main markets observed bearish trends and fell significantly. Explaining the phenomenon, investors said that the buyers were concerned by the depreciating rupee. Perhaps that was the reason […]
Rupee record low against US Dollar Karachi: (Tuesday, May 29, 2012) Marred by increasing import bill, the Pakistani rupee today ended at a record low against the US dollar. As the market closed, the US dollar sold at 92.90/95 Pak rupee. The sustained pressure on Pakistani currency is mainly because of the increasing oil import […]
Pakistan Economy: KSE ends bullish; rupee hit new low against dollar Karachi: (Monday, May 28, 2012) The Karachi Stock Exchange (KSE) witnessed bullish trend today with cement and fertilizer sectors attracting most of the new buyers. Amid this positive trend, the market closed at 14,000 points. Driven by the increased buying, the KSE 100 index […]
Rupee concedes against dollar Karachi: (Monday, January 23, 2012) pressurized by the deteriorated balance of payment and increasing import bill, the rupee, once again, ended up weaker against US dollar today. Compared to Friday’s closing rates of 90.18-23 in Karachi capital market, it stood for 90.21-26 on the first day of the week. Maintaining a […]
The State Bank of Pakistan, in an unexpected move on Saturday, October 8, slashed the discount rate by 1.5% (150 bps) in a bid to kick-start economic activity in the country. However, how far this move will help in facilitating the aim is still not certain. This cut, the biggest of its kind in over […]
Oil prices drop more than $3 a barrel – world oil and gas sector update Pakistan: Oil prices were seen falling more than $3 per barrel on Tuesday after a decision by Greece to call a referendum over its debt bailout threw the euro zone into crisis and as data showed global economic activity was […]
Why NATO attacked Libya? Exposing the treachery of the West Libya has been bombed by NATO over the weeks as general public comes to terms with the reasons outlined for the attack. Justifications ranging from right of free speech, sovereignty of democracy and safeguarding the masses from oppression of the tyrant ruler have been given […]
US training program for Iraq’s Police lacks focus: USgovernment watchdog A U.S. State Department program to train Iraqi police lacks focus, could become a “bottomless pit” of American money and may not even be wanted by the Iraqi department it’s supposed to help, reports released by a U.S. government watchdog show. The findings by the U.S. Special […]
Euro posts the biggest weekly gain the market, Dollar finishes out worst weekly feat: Last week, Euro hatched the biggest weekly gain after the period of two years while Dollar ended off the worst weekly feat since March 2009. Last week, EUR/USD skipped down from 1.3389 to 1.3880 and then approached to 1.3895, which was […]
