Allama Muhmmad Iqbal Words, without power, is mere philosophy.
Quaid-e-Azam Expect the best, Prepare for the worst...
Debt repayment pressure; Pakistan Forex reserves fall to US $ 15.0465bn Islamabad: (Thursday, June 21, 2012) Amid being under pressure due to the debt repayment, Pakistan’s foreign exchange reserves have fallen to $ 15.0465 billion in the week ending on June 15. The previously held reserves were $ 15.417 billion, said the State Bank of […]
World Bank to lend Pakistan $550 million for development of education and natural gas sector Friday, April 27, 2012: Pakistan is set to receive $550 million from the World Bank in order to strengthen the education and natural gas sectors. The approvals came as a result of Pakistan’s top economic managers’ meetings with top management […]
Finance Minister Hafeez Sheikh made a successful weeklong trip to the United States, convincing the United States (US), the United Kingdom (UK) and international monetary organizations to give Pakistan as much as $5.27 billion over the next four-year term. While addressing a news conference at the Pakistani Embassy in Washington (DC), Pakistani Finance Minister Hafeez […]
Not surprisingly a large number of public-sector schools are lacking basic facilities, including clean drinking water and seating arrangements. The incumbent, following the lines of previous governments, is spending larger portion of budget on defence projects. On the other side, it has not had funds for education sector. Although basic education must be top priority […]
World Bank to finance two multi-million projects in Pakistan Tuesday, March 20, 2012: The World Bank will finance two projects, in energy and irrigation sector, of Pakistan. The total worth of these two projects is estimated to be around $1.09 billion. The purpose of approving these two projects in to supplement Pakistan’s growth agenda for […]
World Bank approves US$ 150 million additional loan for Benazir Income Support Programme World Bank on Wednesday approved an additional loan of US$ 150 million for the Benazir Income Support Programme (BISP) to expand the social safety net coverage and upgrade the status of programme to satisfactory. According to a survey report, four out of […]
US signs partial waiver of restrictions against Burma Washington DC: (Tuesday, February 07, 2012) U.S. Secretary of State Hillary Rodham Clinton today signed a partial waiver of restrictions imposed on Burma under the Trafficking Victims Protection Act. This waiver will enable the United States to support assessment missions and limited technical assistance by international financial […]
‘We will complete our tenure of five years’, is the statement of every person who is in the ruling party. The Prime Minister and President of Pakistan also keep on saying this every time they find an opportunity. However, ironically, no one from the ruling party seems to be ready to talk on the current […]
World Bank to provide $ 5.5 billion development aid to Pakistan Washington, Friday, December 23, 2011: The World Bank said yesterday that it will provide development aid of $ 5.5 billion to Pakistan over next two years. “The Bank has responded flexibly in the face of the tremendous challenges Pakistan has gone through over the […]
Pakistan struggles to keep fiscal deficit below 7 percent ISLAMABAD (December 15): Economic managers of Pakistan have been reported to make frantic efforts for keeping the unbridled fiscal deficit below 7 percent, however, the task they have been entrusted with seems to be daunting. Moreover, the challenge of keeping the foreign reserves at the presently […]
International Energy Agency warns against ‘irreversible’ climate changes The International Energy Agency (IEA) has issued a warning that the world needs to react soon before an ‘irreversible’ climate change occurs. According to a report from the IEA, there are only five more years left for the world to react otherwise things will be out of […]
Poverty – A Social Bane Ian Robertson described poverty as, “The inability to maintain minimal standards of food, clothing, shelter and health care”. While, the World Bank classifies a person to be poor if he earns less than a dollar a day! – That would mean a majority of Pakistani people. Poverty is one of […]
