Devaluation is usually undertaken as a means of correcting a deficit in the balance of payments. Some analyst are of the view that weakening the value of currency could actually be good for the economy – since a weaker currency will boost exports, which in turn will lift employment and all this will set in motion economic growth and keep the economy going
By Parveen Zaiby Continue reading »
Abid Hasan
The writer is a former operations adviser for the World Bank.
Like all developing countries, Pakistan is facing a huge crisis as a result of abnormally high commodity prices. But Pakistan’s crisis has been seriously exacerbated by irresponsible economic management over the last two or thre years and a fundamentally flawed growth strategy relying on domestic consumption as the main driver of growth. Continue reading »
The government’s six-point agreement with the TNSM comes as no surprise. The mainstream political parties, including the ANP, had consistently declared during and after the election that they would try to establish peace in the NWFP and the FATA areas through a multi-pronged strategy which would include dialogue. On the April 3, when the Army chief General Kiyani gave his presentation to the leadership of the ruling coalition he categorically stated that in Swat the Army operation had brought relative peace. General Kiyani specifically turned to the ANP leadership, encouraging them to use the political route to take forward the process of establishing peace. Continue reading »
Islamabad: Minister for Labour & Overseas Pakistanis Syed Khurshid Shah here Tuesday assured to revive the pending housing schemes of Overseas Pakistanis Foundation (OPF).
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Rizwan Ehsan Ali
Rawalpindi: Human beings were found guilty of destroying the beauty of the earth in the courtroom of young students here on Tuesday. Continue reading »
The combination of heavy work pressure and high authority may take a toll on some women’s heart health. Researchers from Chile, conducted a study of more than 3,000adults ages 18 to 77 found that over 10 years, women in demanding jobs with high levels of autonomy or authority had an increased risk of developing heart disease, BBC radio reported. Continue reading »
You don’t look sick, and a battery of medical tests can’t find an apparent cause of your illness. Yet your symptoms, which began suddenly more than six months ago, are very real. You are profoundly tired almost all the time, even after waking up from a good night’s sleep. Continue reading »
LAHORE: THE Punjab University debaters have won the title of the “Most Outstanding Team” in an international debate contest in the UN and European model conferences known as EuroMUN organised held at the University of Muenster, Germany, from April 1 to 5, and at the University of Maastricht, the Netherlands, from April 17 to 20. Continue reading »
By Mohammad Malick
It was as if someone had thrown a cat amongst the pigeons. One MQM parliamentarian after another sprang up from his seat, shouting and gesticulating angrily at an ‘irritatingly’ calm Federal Housing Minister, Rehmatullah Kakar. The cause: the minister had openly charged his MQM predecessor Minister Safwanullah of orchestrating an over a trillion rupee theft of state-owned property.
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Benazir Bhutto was the first woman ever to lead a Muslim state. She was prime minister twice. Her dream was to bring genuine democracy and rid Pakistan of ignorance and poverty. She did bring democracy, but gave her life doing so. The return of democracy is a lasting tribute to Benazir. With democracy she had dreamt to empower the poor, and create an educated Pakistan with a powerful middle class. Continue reading »
HAQ NAWAZ
ISLAMABAD – Putting immense pressure on the foreign reserves, the import bill alone surged by 40.5 percent to $ 7.4 billion in July-March 2007-08 against the corresponding period last year, showed the updated official trade figures here on Tuesday. Continue reading »
This is a research-based article dealing with various aspects of Islamic finance and its wider application in today’s banking environment. The article has been divided in five parts; part-II will be published in the next issue of B&FR and each subsequent issues will
carry the remaining parts
By Dr Shahid Hasan Siddiqui Continue reading »
By Azfar A. Khan
Pakistan is experiencing the worst energy crisis these days. Due to energy shortage, massive load-shedding is on in almost all the cities of the country. The public has been warned that they should be mentally prepared to face load-shedding for much longer hours per day, than what is being experienced now, in the forthcoming summer season. Continue reading »
ECONOMISTS almost never factor in politics in their attempt to understand how public policy is made. They consider theirs to be the superior science. “It’s the economy, stupid” James Carwell, Bill Clinton’s political adviser told his candidate as he was campaigning for the American presidency. Clinton got the message and when on to win the presidency. Continue reading »
By Sajid ChaudhryISLAMABAD: Any adverse change in the tax laws governing remittances would badly affect their inflows, which are the most reliable source of foreign exchange availability to the country, a senior official at Ministry of Finance (MoF) told Daily Times on Monday. Continue reading »