WB ratifies $300mln aid package for Pakistan
WASHINGTON: World Bank has given approval of USD300 million aid package for Pakistan among which $200 million are meant for Benazir Income Support Program (BISP) while remaining $100 million will be utilized on a project to promote Higher Education in Pakistan, Geo news reported. According to sources, World Bank was awaiting for deal with IMF [...]
KSE100-index end below 9000 points
KARACHI: Pakistani stocks ended nearly one percent lower on Thursday after gaining almost 3 percent the previous day as investors sold shares to book profits at higher levels, dealers said. The Karachi Stock Exchange’s (KSE) benchmark 100-share index closed or 88.79, or 0.98 percent, lower at 8,996.19 on turnover of 232.4 million shares. The KSE-index [...]
The ‘Ayyashi’ of the ‘Kitchen Cabinet’
The story tells how the government is recklessly abusing with the taxpayer’s money on a great-grand child of the elected members of the assembly. The so called democratic governments have yet again proved that they are the best guardians of the public money which is leeched by imposing direct taxes on the cow-innocent citizens of Pakistan by introducing taxes on tea, cold drinks, sugar and fuel.
Pakistan: Economic Scenario 2008-2009
The economic survey presided by Ministry of Finance showed unexpected results demonstrating poor performance as economy only grew by 2 percent in 2008-2009 which was forecasted to increase by 4.5 percent comparing it from last year growth of 4.1 percent.