The Economy « Pakistan Front

UN slams discriminatory Swiss minaret ban November 30, 2009

The U.N. human rights chief says Switzerland's minaret ban is discriminatory and puts it on a collision course with international law. Navi Pillay stopped short of declaring the Alpine country's ban on the Islamic towers illegal. But she condemned Tuesday the "anti-foreigner scare-mongering" that produced the vote, and its "deeply di […]

Philippines charges politician with 25 murders November 30, 2009

Philippine authorities filed 25 murder charges Tuesday against a politician over an election-linked massacre, and said they were building a strong case against other members of his clan. The charges against Andal Ampatuan Jnr were filed in a court in the southern city of Cotabato, which has jurisdiction over the remote farming area where 57 people were shot […]

10 militants killed in gunship raids in Kurram November 30, 2009

At least 10 militants were killed in shelling of gunship helicopters in Kurram tribal region on Tuesday. Pakistan security forces with aerial assistance of gunship helicopters attacked the hideouts of militants in Talosi area in Kurram region. According to reports the troops wiping out the militants from the region, which were fleeing most of the areas of th […]

Turkey chides Switzerland over minaret ban November 30, 2009

Turkey, which aspires to become the first Muslim member of the European Union, says a Swiss ban on minarets violates basic human rights and freedoms. Turkey's Foreign Ministry says in a statement on Tuesday that the Swiss vote has caused disappointment and is unfortunate. It calls on Switzerland to correct the decision, adding that more than 100,000 Tur […]

PM Gilani meets German President November 30, 2009

Prime Minister Syed Yousuf Raza Gilani Tuesday held meeting with German President Horst Koehler to discuss bilateral ties and to boost cooperation in trade, investment and defence production. Gilani will also hold meetings with Chancellor Angela Merkel and other German leaders. The two leaders also discussed matters related to durable peace in Afghanistan. […]

Obama held video conference with Manmohan, Karzai on Afghan situation November 30, 2009

President Barack Obama discussed news Afghan strategy with Afghan President Hamid Karzai and Indian Prime Minister Manmohan Singh. Obama held a lengthy video conference call to discuss the new U.S. strategy with Karzai. The presidential palace in Kabul said in a statement that the hour-long video conference occurred Tuesday morning hours ahead of Obama […]

Shane Bond ruled out of Test series against Pak November 30, 2009

Shane Bond's Test cricket comeback has lasted just one match after New Zealand's premier pace bowler was ruled out of the remainder of the current series against Pakistan on Tuesday because of an abdominal tear. Bond reported discomfort in the aftermath of his man-of-the-match performance during New Zealand's 32-run victory in the first Test a […]

Hike in POL prices announced November 30, 2009

In line with rising oil prices in the international market, the Oil and Gas Regulatory Authority (OGRA) has increased petroleum prices between Rs 4.37 a litre and Rs 5.61 for December. The new prices come into effect from Tuesday (today). The increase in the prices of petrol, kerosene oil, light diesel oil and HOBC was announced in an OGRA notification, whil […]

China urges diplomacy to tackle Iran nuclear issue November 30, 2009

China on Tuesday urged accelerated diplomacy to solve the Iran nuclear issue, saying sanctions are "not the goal," despite Western outrage at Tehran's newly unveiled plans to expand uranium enrichment. Chinese Foreign Ministry spokesman Qin Gang said all parties involved in the dispute should step up negotiations and dialogue. Iran announced p […]

MPA Dr Shamsher killed, 15 injured in Swat suicide attack November 30, 2009

Awami National Party MPA Dr Shamsher was killed and 15 others including a brother of the MPA were injured in suicide attack in Swat. The dead body of Dr. Shamsher and the injured have been shifted to Saidu Sharif hospital in Swat. At least three injured were said to be in critical condition. Security forces have cordoned off the area and launched a search dr […]

Bhasha Dam and Foreign Involvement

Posted on May 19, 2009 by pakistanfront

Source: http://www.markthetruth.com
Zaresh Khan
Dams are an instrument of development, yet every dam small or large carries inherent risks of failure. In the case of a larger dam it could be catastrophic for life and property down the valley. Large dams are therefore planned and designed with utmost care to preclude as far as possible any risk [...]

Filed under: The Economy | Tagged: Bhasha Dam, Indus River System, Islam, Pakistan, Religion | 7 Comments »

IMF…? Only if…

Posted on January 6, 2009 by pakistanfront

Source: http://www.markthetruth.com
IMF again! I think Pakistan can do more than this, rather much more than this. Only if everyone desires, it can be the one last time IMF monitors Pakistani economy. I think it is just the way most of Pakistani nationals are conditioned under some known or unknown locally and foreign governed circumstances favoring [...]

Filed under: The Economy | Tagged: FATA, IMF, Pakistan, Punjab, Salman Taseer | 1 Comment »

Articles from The Nation

Hike in POL prices announced November 30, 2009

Islamic finance sector grows at 15pc globally November 30, 2009

KARACHI - The branch network of Islamic banks in Pakistan expanded to 528 in June 2009 compared with around 326 branches in June 2008.According to the State Bank recent document, over the last few years, the Islamic finance industry is reportedly growing at around 15 percent globally. Considered a niche market-catering to financial needs of the Muslims-few y […]

Dubai, Abu Dhabi markets plunge on debt woes November 30, 2009

DUBAI (AFP) - Stock markets in Dubai and neighbouring Abu Dhabi closed sharply lower on Monday, shedding 7.3 percent and 8.3 percent respectively, hit by a lack of buyers after Dubai Worlds shock proposal to suspend debt payments.Dubais benchmark DFM Index closed at 1,940.36 points, down 152.80 points from Wednesday, just before Dubai announced it wanted t […]

Islamic Income Fund launched November 30, 2009

LAHORE (APP) - IGI Funds Limited, the Asset Management Company of IGI Financial Services and Packages Group, has launched the IGI Islamic Income Fund.The IPO dates for this Fund are 1st - 3rd December 2009 inclusive. This latest offering is the third fund to be launched by IGI Funds Limited.The company introduced the IGI Income Fund in April 2007 and the I […]

LSE re-opens today November 30, 2009

LAHORE (APP) - The office of Lahore Stock Exchange will re-open on Tuesday (today) after remaining closed for four days on account of Eid holidays.

Asia leading global recovery, doubts remain November 30, 2009

BANGKOK (AFP) - Asia and the Pacific are leading the global economic recovery after the financial crisis but major uncertainties remain about the extent and durability of the resurgence, a UN survey said Monday.The report forecast robust growth of 6.3 percent in 2010 across the region, which contains around half the worlds population, but said its countries […]

Asia needs to move away from export-led growth model: UNDP November 30, 2009

SINGAPORE (AFP) - Asia needs to craft out a new growth plan because the export-led model that has served the region well is no longer feasible, the United Nations Development Programme (UNDP) said Monday.Going back to the growth model of the last two decades is tempting as it brought Asia the dynamic momentum for rapid growth and signs of prosperity, the U […]

Yuan stability vital, pressure 'unfair': Wen November 30, 2009

CHINA (AFP) - Premier Wen Jiabao on Monday said international pressure over Chinas currency policy was unfair and that a stable yuan is crucial to his nations economic health.Following a summit here with top European Union leaders, Wen also rebuffed EU demands for a flexible policy and told journalists a stable yuan would be beneficial to the global econ […]

IMF welcomes UAE decision to shore up banking system November 30, 2009

WASHINGTON (AFP) - The International Monetary Fund said Sunday that a decision by the United Arab Emirates central bank to pump liquidity into its banking sector was welcome.The United Arab Emirates is a strong resource-based economy and we welcome todays announcement by the central bank of the UAE making available to banks a special additional liquidity […]

Global stocks mixed amid Dubai crisis November 30, 2009

LONDON (AFP) - Asian markets rallied on Monday, but Europe and the Middle East hit reverse gear, as investors digested moves by the United Arab Emirates central bank to soothe worries over Dubais debt crisis.Hong Kong surged 3.25 percent and Tokyo soared 2.91 percent on Monday as fears over Dubais debt problems receded following a move by the UAE central b […]

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