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, […]
Germany’s Constitutional Court will keep Europe waiting until Sept. 12 for its verdict on whether the new tools for fighting the euro zone debt crisis comply with German law or violate parliament’s right to decide on national budget issues. Resisting pressure from politicians and markets for a swift approval of the permanent bailout scheme (European […]
The euro was poised for its biggest daily rally against the dollar in almost eight months on Monday, after Spain secured help for its debt-stricken banks and as Chinese economic data was not as bad as the market had feared. The euro zone decided to lend its fourth-largest economy up to 100 billion euros ($125 […]
The euro was stuck at four-month lows against the dollar in Asian trade Wednesday amid fears over political uncertainty in debt-ridden Greece and its wider impact across the 17-nation euro zone. The euro bought $1.2715 in Tokyo afternoon trade, compared with $1.2728 in New York late Tuesday, and treading its lowest levels since mid-January. The […]
Major Greek unions have called a general strike spanning over two days (February 10 and February 11, 2012) to protest the harsh cuts including the plan requiring the EU and the International Monetary Fund (IMF) to bail out the country and prevent it from bankruptcy. This would be the second attempt at keeping Greece in […]
Greek Prime Minister George Papandreou wins the vote in favour of euro zone multibillion euro bailout The Greek Prime Minister George Papandreou won the parliamentary voting in favour of the 130 Billion Euro bailout proposed by EU. The Greece faced debit crises and had a chance to save it from bankruptcy. Papandreou had a strong […]
Greek Prime Minister George Papandreou is set to learn his fate today as his party faces a confidence vote in the Parliament on Friday. His proposal to bailout Greece from the financial turmoil it has been going through by European countries has been accepted but the opposition demands a resignation and early elections to be […]
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 […]
The Chinese weak economic data heavily influenced the International Forex Market. The Crude Oil turned upward after hitting a one-week low while Gold slumped down for a session in the Forex market. David Meger, who is the director of metals trading at Future Broker Vision Financial Markets said, “Gold does not seem to garner the […]
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 […]
