KARACHI, Oct 19: The State Bank on Sunday denied that the central bank had the power under the Foreign Exchange Regulations Act of 1947 to take action against people maintaining overseas foreign currency accounts containing more than $1,000.
By NADEEM SYED Never before we have experienced anything like this, nor can we imagine a nuclear power, a major Muslim country equipped with all the required resources, facing power outages for most of the day and night. If in Lahore the power supply remains suspended for more than 12 […]
By Zafar-ul-Hassan Almas The financial crisis, which has been developing at Wall Street, has got people worried in developing countries around the world. The stock exchanges, in developing countries have crashed and things look bleak for the financial markets. The people are drawing parallels with the Great Depression of 1929, […]
Friday, October 17 was the International Day for the Eradication of Poverty. Sounds pretty grim, but if you are on the wrong side of the poverty divide it is even grimmer. In Pakistan, where we are hopelessly poor on most fronts, it’s apocalyptic and, it appears, there is no plan […]
A basic ingredient in jam and jelly could help prevent the spread of cancer, scientists have found. Pectin, a natural fibre found in fruit and vegetables, is widely used as a gelling agent in processed foods. Research has shown that under the right conditions it releases a molecular fragment with […]
A gene could help prod people to overeat and gain excess weight, new research shows. The finding probably won’t provide a ‘magic bullet’ for weight loss, but it does reinforce the value of good eating habits and exercise, especially for young people, scientists say.