Allama Muhmmad Iqbal Words, without power, is mere philosophy.
Quaid-e-Azam Expect the best, Prepare for the worst...
Karachi: (Thursday, August 16, 2012) Pakistan’s foreign exchange reserves, according to the State Bank of Pakistan, stood at $ 15,298.4 million on week ending on August 10, 2012. According to the details, foreign reserves held by SBP were $ 10,825.2 million and net foreign reserves held by commercial banks were $ 4,473.2 million.
Karachi: (Thursday, July 19, 2012) Pakistan’s total foreign exchange reserves, as per State Bank of Pakistan, stood at US $ 14,939.5 million on the week ending on July 13, 2012, said the sources at Bank here today. Out of these total forex reserves, those held by the central bank were $ 10,501.6 million, while […]
Pakistan’s forex reserves witness marginal improvement Karachi: (Thursday, February 02, 2012) In the week ending on January 27, Pakistan’s foreign exchange reserves witnessed a marginal improvement as from $ 16.80 billion in the previous week; they have reached to $ 16.87 billion, reported State Bank of Pakistan today. Lately, the highest level forex reserves maintained […]
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 […]
