March 1, 2013

KARACHI: The rupee ended weaker, at 98.14/98.19 against the dollar, compared to Wednesday’s close of 98.09/98.14. Pakistan made another loan repayment to the International Monetary Fund of $392 million on February 26, the central bank said. Heavy debt repayments to the IMF have been putting a dent in the central bank’s reserves, which have declined by …Read More →

March 1, 2013

ISLAMABAD:  A move by the Asian Development Bank to bring World Bank on board for co-financing Diamer Bhasha Dam backfired when the World Bank instead asked the ADB to first seek a no-objection certificate from India – a condition that has derailed the project. The ADB has so far faced criticism for asking for Indian …Read More →

March 1, 2013

KARACHI: The deadline to introduce biometric devices at sales outlets for verification of subscribers’ data had passed but both, the cellular mobile operators (CMOs) and Pakistan Telecommunication Authority (PTA) still stand where they were three months ago. The CMOs, according to a PTA directive of December 6, 2012, were to equip all sales channels with devices …Read More →

March 1, 2013

LAHORE:  The draft freedom of information law allows the government and its agencies to classify anything they want to be exempt from being made public, without explanation as to why they are doing so. “What is the procedure to declare something secret? And above all, who is authorised to declare anything secret?” said Advocate Khurram …Read More →

March 1, 2013

KARACHI: When thick grey clouds hovered over Karim Bux Jakhrani village in Kashmore on Monday, the women living there let out wails of despair as they watched the sky with wide eyes. The men, on the other hand, hardly even looked up. Those who fall for gender stereotypes would be quick to attribute this difference to …Read More →

March 1, 2013

ISLAMABAD: In yet another retreat, the federal government has abolished the condition of having a national tax number (NTN) for purchasing a new car – a move which is contrary to the rhetoric of broadening an extremely narrow tax base and will undermine efforts to document the economy. The decision was taken here on Thursday …Read More →

February 11, 2013

ISLAMABAD: The delay in evolving a consensus on the installation of a caretaker set-up and dealing with the International Monetary Fund (IMF) has played havoc with Pakistan’s economy, with the rupee crossing the psychological barrier of Rs100 against the dollar in the wake of the $145.791 million loan instalment repaid to the IMF, sources said. …Read More →

February 11, 2013

According to a Gilani Research Foundation Survey carried out by Gallup Pakistan, Majority (89%) of Pakistanis think education can stop a person from going towards religious extremism. A nationally representative sample of men and women from across the four provinces was asked “Wasim believes education can stop a person from going towards religious extremism, whereas …Read More →

February 11, 2013

ISLAMABAD: The bureaucracy in the foreign ministry has tricked the prime minister in getting three new posts of BS-22 created and four promotions in the same grade on frivolous and funny grounds and by citing the challenges being faced by the country in the “most important” Pakistan missions abroad. However, none of the promoted officers …Read More →

February 11, 2013

PESHAWAR: Target killing spree continues in the provincial capital as a doctor from Mohmand Agency was shot dead inside his clinic in Faqirabad on Monday evening. A police official said Dr Tehsinullah Safi, belonging to Mohmand Agency, was examining patients in his clinic on Dilazak Road in the jurisdiction of Faqirabad Police Station when two …Read More →