Category archives for: Middle East

Oil and gas sector in disarray – Pakistan Industrial sector update 2011

Oil and gas sector in disarray – Pakistan Industrial sector update 2011 KARACHI – Despite good news flow regarding price and volumetric difference in oil and gas, nation’s greatest outlined area having 40 % weight in KSE 100 catalog, has so far published a bad come back of 5 % this year. This 5 % […]

Islamic Banking Global Scenario – Final Part

Islamic Banking Global Scenario – Final Part Previously we discussed the situation of Islamic banking and financial institutions in Bahrain and Malaysia. Moreover, Islamic banks have also built a strong presence in Malaysia, where Standard & Poor’s assigned a BBB+ rating to the $600 million Sharia-compliant trust certificates (called sukuk) issued by Malaysia Global Sukuk […]

Islamic Banking Global Scenario – Part 1

Islamic Banking Global Scenario – Part 1  Over the last three decades Islamic banking and finance has developed into a full-fledged system and discipline reportedly growing at the rate of 15 percent per annum. Today, Islamic financial institutions, in one form or the other, are working in about 75 countries of the world. Besides individual […]

Pakistan has every right to retaliate to any future aggression, says Pentagon

Pakistan has every right to retaliate to any future aggression, says Pentagon With Pakistan vowing to respond with "full force" to any future aggression in the wake of the deadly NATO strike, the Pentagon has said that Islamabad has the right to self-defence and so does the US. It also admitted that the last Saturday […]

Pakistan to deal any breach of territory with aggression, General Ashfaq Kayani

Pakistan to deal any breach of territory with aggression, General Ashfaq Kayani Pakistan’s commanders in the wild Afghan border region can return fire if attacked without waiting for permission, the army chief said, a change in rules of engagement that could stoke tension after Saturday’s NATO strike killed 24 Pakistani troops. The attack sparked fury […]

Iran follows through on ban on popular video game Battlefield 3, makes arrests

Iran follows through on ban on popular video game Battlefield 3, makes arrests The Iranian government banned the popular first-person shooter Battlefield 3 following the game’s worldwide release and has recently shown just how serious it is about the restriction on content after the authorities made a number of arrests. The game, which has gone […]

Yemeni President Ali Abdullah Saleh leaves the Throne after 3 decades in power

Yemeni President Ali Abdullah Saleh leaves the Throne after 3 decades in power The striking news has hit the block that Yemeni President Ali Abdullah Saleh has decided to shift the power to Vice President Abdo Rabu Mansour Hadi in next 30 days. Saleh paid visit to the city of Riyadh in Saudi Arabia on […]

Ceasefire talks go down the drain as Pakistani Taliban launch another attack near Peshawer

Ceasefire talks go down the drain as Pakistani Taliban launch another attack near Peshawer Splits have emerged between rival factions in the Pakistan Taliban as several senior commanders declare ceasefire for talks with the government while another faction launches an attack near Peshawar. The past month has seen hopes of negotiations and an end to […]

Reduction in Oil Import by Pakistan

Reduction in Oil Import by Pakistan  The decrease in import of oil by Pakistan has been observed last month. Even the biggest oil company of Pakistan, Pakistan State Oil (PSO) has reduced the import of oil to the lowest volume of 780,000 tonnes, which is required for the period of three-months. Though, import of less […]

Pakistan has no hidden interests in Afghanistan, claims Pakistan Foreign Minister

Pakistan has no hidden interests in Afghanistan, claims Pakistan Foreign Minister Pakistan has no hidden agenda in Afghanistan, says foreign minister Hina Rabbani Khar. Khar on Friday said Pakistan was only interested in a peaceful and stable Afghanistan. Addressing a joint press conference with German foreign minister Guido Westerwelle Friday, Khar said the onus lay […]

Thinking Israel

From operations like the 1948 War of Independence to the Suez Crisis, from its great victory in Six Day War in 1967, to legendary action in Sinai during the Yom Kippur War, the Israelis have proved that they are the best at their job. The country has shown time and again that it is capable […]

US to consider re-summoning of Pakistan’s envoy to exchange recent developments

US to consider re-summoning of Pakistan’s envoy to exchange recent developments Pakistan’s political circles were abuzz today with speculation about the recall of Ambassador to the US Husain Haqqani in the wake of media reports on secret communications between President Asif Ali Zardari and the American administration to avert a possible military takeover. Haqqani has […]

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