WHEN I raised the possibility that a banking crisis could happen a couple of years ago I was told that the banking system was healthy. This conversation took place when the former Governor of the State Bank of Pakistan visited Washington and addressed the Woodrow Wilson Center for International […]
By Pervez Hoodbhoy PAKISTAN’S university system is breaking down, perhaps irreparably so. Thanks to the Higher Education Commission’s grand plans for a massive change, a tidal wave of money hit our public universities during the Musharraf years. Although difficult financial times finally stemmed the flood, this enormous cash infusion […]
Almost 550 basis points have been already added to the discount rate in a period of 18 months. The rationale on the basis of which these points were added were there, although, with lower intensity, but the tolerance level of the economy was not such which can afford another addition […]
By Mehmood-Ul-Hassan Khan Recently, the State Bank of Pakistan has taken many integrated measures to strengthen the domestic banking industry. The central bank has allowed the banks to use 30 percent of the Forced Sale Value (FSV) of stocks and mortgaged commercial and residential properties. Due to alarming ratios of […]
Working mothers stay healthier than those who only restrict themselves to house chores. This was found through a research carried out in Britain, Health news reported. “Our results suggest that good health is more likely to be the result, rather than the cause, of multiple role occupation,” the researchers said.
By Fasahat Mohiuddin Karachi As Basant lurks around the corner, Karachiites gear up to celebrate this much-awaited festival in the second week of February. http://www.thenews.com.pk/daily_detail.asp?id=161538 There are several kite flying clubs in Karachi; the Jubilee Club, Nisar Club and Saheen Club to name a few. These clubs play host to […]
Taking aspirin regularly could cut the risk of developing cancer of the middle or lower stomach by nearly 40 per cent, researchers reported. New research based on 17 studies of a total of more than 300,000 people aged 50 to 71 found taking the drug weekly or daily reduces the […]