Category: Featured Articles

  • Punjab Police Caught Whipping Suspects in Public

      Five policemen in Chiniot, Punjab were arrested after a footage that aired on various news channels clearly showed them publicly whipping four men accused of stealing rice. Four men were beaten-up like animals by five policemen and the footage shot by an amateur video journalist has created an uproar, like the Rodney King incident…

  • Pakistan Government to Pay-off Debts of Energy Firms

    In order to avoid further energy crisis, Pakistan government has assured Pakistan State Oil, PSO that it will shortly pay off the debts of the two leading power producers. When PSO stopped the fuel supply to HUBCO and KAPCO after its warning, the shortfall of electricity in the country worsened and forced the government to…

  • Pakistan Stops Financing Crude Oil Imports

    As of yesterday State Bank of Pakistan will not sell foreign exchange to banks for financing the crude oil imports. SBP had given banks a full working week to get prepared for securing funding from the international market. The present measure has been adopted in the wake of Pakistan rupee losing 53 paisa or 0.6 per…

  • Clearing Air: An Interview With Wajid Shamsul Hassan

    The ISI had plotted a stint to malign the President of Pakistan and that is why the Pakistani High Commisioner to Britain was intercepted in Geneva while retrieving documents for the National Acountability Bureau from Swiss attorneys. He was accompanied by Dr. Danishwar Malik of NAB and they were performing a government duty but they were…

  • Pakistan To Swap Currency With China

    [poll id=”55″] The sources in the Pakistan Ministry of Finance told Dawn that they are considering entering into currency swap agreements with China and Malaysia for containing the declining foreign exchange reserves. According to the sources the foreign investment has declined by 25 per cent. The Ministry has already asked the State Bank to work…

  • China To Invest In Pakistan

    A memorandum of understanding (MoU) was signed between China’s Hong Kong-listed chemicals-maker, Lumena Resources Corp, and the KASB Group of Pakistan. This is a great sign of initiative considering the fact that foreign investors have stopped even visiting Pakistan for security reasons. Under the deal, an industrial park is to be set up for Chinese…