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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…
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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…
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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…
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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…
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Forsaken Crimes of Pakistan Army
6 December 1971 marked the end of a nine month long saga of chaos; genocide, arson and rape, when Pakistan army surrendered East Pakistan to the Indian army. This day is etched as the day of ultimate betrayal in the hearts and minds of many Pakistanis who were promised by their President and Commander in…
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Who Framed Wajid Shamsul Hassan?
Before I write this column here is my disclaimer: Wajid Shamsul Hassan, Pakistan High Commissioner in the UK was editor of The Daily News, Karachi- where I launched my journalism career in 1986. He was my mentor and I am still obliged to his kindness, and guidance. However, I have not benefited from his political…