Saturday evening one good news for the people of pakistan that government of pakistan decided to cut down petrol and diesel prices. The new prices of petrol and diesel now 76.66 to 66.66 and Diesel 64.14 to 61.14 respectively. This is because of lowering petroleum products rates in international market to give a direct benefit [...]
International Monetary Fund (IMF) is almost ready to provide a 7 billion dollars Loan under stand by credit limit to Pakistan. News resources confirm this report and expected that there will be a formal announcement from IMF in a few hours. Loan under stand by credit limit is provided to those countries which meet the [...]
The State Bank of Pakistan increased the discount rate by 200 basis point to control the record inflation of 25% in the country. As a lay man what i think is that the current inflation is mainly powered by inflation in food items. The problem with food items is that that they are either being [...]
Saudi Arabia prescribed death penalty for the offense of drug smuggling. Pakistan should prescribe death penalty to those involved in monetary scandals or misappropriation of funds from the National Exchequer. Passing of such law from the Parliament of Pakistan would restore the confidence of the investors and those who wish to bring their wealth [...]
Telenor has entered into an agreement to buy 60% share holding in Unitech Wireless India, which will give it a license to enter Indian market. Unitech Wireless is a new startup with around 250 employees and pan Indian license in all 22 license circles of India. Unitech Wireless plans to launch its service in 2009.
The [...]
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