Category archives for: Business

Monetary Policy to Remain Unchanged

It was recently revealed that the State Bank of Pakistan is about to release a new monetary policy. While many were expecting that the discount rate would change with the upcoming monetary policy, the IMF and the inflation rate did not allow this to happen. This is the reason why it was recently revealed that […]

Multibillion Rupees to be Allocated for Projects

metro

It was recently reported from Islamabad that during the upcoming budget of 2014-2015, the government is expected to finance multibillion rupees mega development projects in Pakistan. These projects include the likes of Lahore-Karachi motorway, Metro Bus Service and other projects which are going to be collaboration between Pakistan and China. These projects include road linkages, […]

Khamenei Hits Out at US for Sowing Discord between Iran-Pakistan

Ali Khamenei, Nawaz Sharif

The current Prime Minister of Pakistan, Mian Mohammad Nawaz Sharif, met up with Iran’s supreme leader, Ayatollah Ali Khamenei. The two discussed serious matters amongst each other. During these talks, Khamenei managed to directly hit out at the US for sowing seeds of discord between the relationship of Pakistan and Iran. He directly held Washington […]

Gas Discovered in Pakistan

It was recently reported from Islamabad that Mari Petroleum Company Limited (MPCL) has managed to discover a gas reserve with significant amount of fossil fuel in the district of Sujawal. The announcement made by the representatives of MPCL claimed that this is the first hydrocarbon discovery in the Lower Goru Upper C-Sand. Many thought that […]

SBP to Announce New Monetary Policy on May 16

It was recently revealed from Karachi that the State Bank of Pakistan is almost on the verge of making the new monetary policy and it is going to reveal it as soon as May 16, 2014. Analysts claim that all expectations regarding the cutting of discount rates have died down. Since currently Pakistan has a […]

NTDC Reveals Countrywide Load shedding Ends for Now

It was recently reported from Lahore that a representative of The National Transmission and Dispatch Company came out in the open and claimed that currently the nationwide electricity load shedding has been stopped. The representatives of NTDC revealed that the current weather in the country and the rain has bridged the demand and supply gap […]

Spain Regulates Homeopathy While More Scientists Question Effectiveness

Homeopathic-pills

At three years old, Javier was a delicate child. Bronchiolitis, allergies, atopic skin. “I was always sick. We spent the day in the emergency room. The child always with medication, Ventolin, which drove him hyperactive. It was frustrating,”said his mother. It was then that someone recommended a particular doctor. “The child took the homeopathic treatment […]

Meezan Bank to Acquire HSBC Pakistan

hsbc

It was recently reported from Karachi that HSBC has decided that they are going to handover their local operations to Meezan Bank. Now HSBC has entered the list of several foreign banks who have decided to pack up their business from Pakistan. Since the beginning of the financial crisis which struck Pakistan in the year […]

Think-tank predicts 6% growth for Pakistan in the coming year

ishaq dar

Following the completion of one full year of PML-N as the ruling party of Pakistan, a think-tank has predicted a high 6% growth in the economy next year. Pakistan, headed by industrialist Mian Mohammad Nawaz Sharif, has gained billion in terms of aid and loan, which has greatly improved the overall economic conditions of the […]

Government to offload remainder of UBL Shares

UBL

The CCOP (Cabinet Committee on Privatization) has agreed to sell-off the remaining 20% shares of UBL held by the government. This would be the first privatization deal to be made for nearly a decade. This decision was made following the sanctions made by the International Monetary Fund (IMF), following their approval of the $6.7 Billion […]

USTDA to Visit Pakistan for Potential Projects

It was recently reported by different sources currently operating in Lahore that a certain group known as United States Trade Development Agency (USTDA) is willing to come to Pakistan in order to cooperate in the field of aviation and business. This was revealed through the US Ambassador to Pakistan, Richard Olson, that this certain agency […]

Sartaj Aziz Backs Any Government Elected by India

Pakistan India

It was recently reported from Lahore that the current advisor on security and foreign affairs, Sartaj Aziz, is open to any leader being elected by the Indian people as they are currently voting for their next Prime Minister. According to Sartaj Aziz, Pakistan is going to talk openly with anyone who is elected as the […]

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