Dollar strengthen against Rupee in policy-less Pakistan
Pakistan economic situation is passing through a difficult phase. During the last five years no comprehensive and sound policy has been formulated. Law and order situation has curtailed the circle of investment to a large extent. Investors have started shifting their investment outside the country.
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New govt to remain in clutches of int’l donors
The economic managers of the country said the next government would face tough economic tasks at home besides face thorny international donors’ conditions.
Pakistan will remain in the trap of international donors like International Monetary Fund (IMF) and World Bank (WB), as they would continue t
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Nawaz Sharif mandated to improve Pakistan’s economy, law and order
Finally people of Pakistan, overwhelmingly from Punjab, have elected him for the next tenure. Nawaz Sharif is set to take the charge of troubled country, marred by lawlessness and ailing economy.
Nawaz Sharif’s Pakistan Muslim League-N has won majority with the slogan of “Strong economy strong Pa
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Gwadar — the door of wind
The Balochi language word Gwadar rightly means the door of wind which can be seen from the benefits it is going to give away to China, Pakistan and the whole region in the near future. It is a crucially important port for China as well as Pakistan being at a very classy location joining three most i
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Mango exports likely to boom
The Ministry of Commerce has allowed the export of mango for the coming season from May 25, 2013 through a notification. The date for starting export of mango has been fixed this year to avoid losses through unplanned and premature export of the fruit.
According to All-Pakistan Fruit and Vegetabl
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Uncertainty prevails as nation is poised to vote
Pakistan has completed the crucial phase of pre-poll arrangements for the election 2013 amid worsening law and order situation but uncertainties still lurking in the background and challenges are still multiplying in the face of unclear future set up.
The next government will face the daunting ta
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Prospects for our economic revival through IPI
Energy is most important for domestic, industrial and economic consumption in the country. Pakistan is facing so many problem or challenges due to energy shortage. Pakistan has been facing natural gas, power and oil crisis for the last three years. The country devised a plan, including TAPI and IPI
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Yellow metal dropping its worth
The prices of gold in the country fell by Rs3,000 per tola to Rs53,500 per tola this month, bringing the total monthly decline to Rs7,500 per tola. The yellow metal price on the international market also witnessed a dip as it dropped by $100 an ounce to stay at $1,400 an ounce. The 10 gram gold pric
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Counterfeit medicines on the rise in the Pakistan
Pakistan is the country where people loss their lives due to criminal negligence of the government and its machinery seemingly inefficient and lethargic to play its due role to protect public lives and property.
The deadly incidents are being reported increasingly in the last few months in which
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Dollar reaches new high vs rupee
Higher demand for dollar, slow inflow of remittances, IMF repayment main factors for decrease in rupee value.
The rupee touched an all-time low against the US dollar last week as huge foreign payments on account of IMF loan instalments, oil-related payments and speculative sentiment kept the loca
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Heading towards a failing state?
Jeffrey Franks, head of International Monetary Fund (IMF) mission to Pakistan, says the bank will neither write off nor will it restructure loans owed to Islamabad. The Government of Pakistan has not requested any fresh loaning program. But he said if Islamabad does not ask for a new program, then i
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Power sectors arears hamper growth, economy sufers
One of the main reasons why Pakistan is not able to come out of the chronic energy crisis is the increasing circular debt. Deterioration in the power sector is the main physical constraint on growth and a major cause of financial and economic instability. Power outages are estimated to cut growth by
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