Allama Muhmmad Iqbal Words, without power, is mere philosophy.
Quaid-e-Azam Expect the best, Prepare for the worst...
It was recently brought to light by the State Bank of Pakistan that India still owes Pakistan at least Rs 5.6 billion as a debt. This is due to the fact that when the partition took place, India had to give Pakistan a certain amount of money, but it failed to do so and it […]
Pakistan’s debt and liabilities have risen to 68 percent of the total size of economy or 15.2 trillion Pakistani rupees, a level which is all time high, according to data released by State Bank of Pakistan (SBP). According to SBP, the increase in the debt burden is mainly the result of a federal budget […]
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 […]
