February 2009

WASHINGTON DIARY: A turning point —Dr Manzur Ejaz

  • by

This is a very dangerous situation that may change the course of history. Poorer countries will be affected more than anyone is anticipating: there may be new bloody revolutions in many parts of the world

As the possibility of worldwide depression threatens to become reality, leftists are hoping that the capitalist system is coming to its logical end. Participants in recent demonstrations in France and elsewhere have been expressing such hopes. They feel that now the socialist dream has become more realisable than ever before.Read More »WASHINGTON DIARY: A turning point —Dr Manzur Ejaz

Ban on kite flying: Lahori Basant enthusiasts flay restriction

* Citizens say hide-and-seek between them and police will continue until Basant gets green light
* KFA official says use of polyester will be banned, kite flyers will only get cotton twine

By Afnan Khan

LAHORE: With the advent of February, the month associated with the colourful festival of Basant, Lahoris on Tuesday started defying the ban on kite flying. Read More »Ban on kite flying: Lahori Basant enthusiasts flay restriction

Too much water intake harmful during childbirth


ISLAMABAD: A high water intake can be harmful during childbirth, causing headaches, nausea, vomiting and brain swelling that results in convulsions, according to a new study.

This condition results when hyponatraemia or too little sodium in the blood occurs because of excess water consumption. It causes swelling of the brain (cerebral oedema), triggering convulsions and even coma.Read More »Too much water intake harmful during childbirth

Pakistan surges ahead of India in missile technology

* Indian daily says New Delhi still conducting ‘training trials’ of Agni-I, Agni-II

NEW DELHI: Pakistan has surged ahead of India in missile technology, as Delhi only has the short-range Prithivi missile at 100 percent operational capacity. Quoting defence sources, the Times of India has said that the Indian military is still conducting “training trials” to give the 700-kilometre Agni-I and 2,000km-plus Agni-II missiles the requisite capabilities to be fired on their own. Read More »Pakistan surges ahead of India in missile technology

Khuda ki kasam-Anjum Niaz

The writer is a freelance journalist with over twenty years of experience in national and international reporting

Chalta hoon thori duur her aik tezrao key saath/ pehchanta naheen hoon abhi rahbar ko mein –Ghalib

I go some way with everyone I see advancing swiftly, so far I see no one whom I can take to be my guide: Translation by the late Ralph Russell.
Read More »Khuda ki kasam-Anjum Niaz

New welfare projects to be launched for overseas Pakistanis

ISLAMABAD: Minister for Overseas Pakistanis Dr Farooq Sattar said here on Monday new housing schemes will be launched and the education network will be expanded for the overseas Pakistanis.

“Their problems will be solved on priority basis and maximum welfare projects will be started for them,” he said. The minister expressed these views in a meeting held here. He was briefed about the activities, projects and performance of the Overseas Pakistanis Foundation (OPF) by the Managing Director OPF, Nayer Husnain Haider. Read More »New welfare projects to be launched for overseas Pakistanis

Pakistan Rupee seen entering bumpy phase

By Shahid Iqbal


KARACHI: The currency market sees a depressing period ahead for the rupee as the buying spree of dollars is expected to begin with the end of State Bank’s deadline for payment of furnace oil import.
 The market has yet not witnessed any bulk buying of dollars by the private sector despite the State Bank’s deadline for import of furnace oil payment approaching closer, but it could start from the second week of February.Read More »Pakistan Rupee seen entering bumpy phase

SBP monetary policy statement: risks and challenges: outlook for second-half-fiscal year 2009

  • by

Recent Economic Environment and Emerging Challenges: Th e impact of global financial crisis varies across countries.

1. Global financial crisis that has been brewing for over 18 months has deepened. From being a small sector problem, the crisis has widened with US and Europe ‘s financial sectors experiencing acute liquidity crunch and falling stock prices. In the last two months, the financial crisis magnified and surfaced as an insolvency crisis as evident from the collapse of large global finance houses, which had to be restructured. Given the size and dimension of the problem, the advanced countries have provided a fiscal and monetary stimulus to rescue the financial system. Central banks of major economies including the US Federal Reserve, Bank of England, and the European Central Bank stepped up their interventions infusing liquidity in the system, structuring bailout package for financial institutions with provisions for capital injections, interest rate cuts, lending and deposit guarantees, etc.Read More »SBP monetary policy statement: risks and challenges: outlook for second-half-fiscal year 2009

Afghanistan: Obama’s Vietnam

The analogy isn’t exact. But the war in Afghanistan is starting to look disturbingly familiar.

About a year ago, Charlie Rose, the nighttime talk-show host, was interviewing Lt Gen Douglas Lute, the military adviser at the White House coordinating efforts in Afghanistan and Iraq. “We have never been beaten tactically in a fire fight in Afghanistan,” Lute said. To even casual students of the Vietnam War, his statement has an eerie echo. One of the iconic exchanges of Vietnam came, some years after the war, between Col. Harry Summers, a military historian, and a counterpart in the North Vietnamese Army. As Summers recalled it, he said, “You never defeated us in the field.” To which the NVA officer replied: “That may be true. It is also irrelevant,” reports The Newsweek. Read More »Afghanistan: Obama’s Vietnam