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News for Thursday, 28 Jul 2011

Turkey hurting trade with Pakistan

The Turkish government has recently taken some steps which would decrease the trade volume between Pakistan and Turkey, while our policymakers have not taken the move seriously. It is high...

Shari’a and insurance

Is insurance permissible in Islam? A simple answer to the question is in the affirmative, provided that the buying and selling of insurance fulfils all shari’a requirements. Let us look...

Asia’s BRICS hit the wall

India’s democratic credentials do not impress Francis Fukuyama, who two decades ago prophesied the “end of history,” as being a catalyst for the country’s economic growth. Fukuyama finds excessive “patronage...

Edible oil and ghee face towering prices

Edible oil and ghee are essential items of daily use. Their prices are increased every now and then, without any genuine reason. The Competition Commission of Pakistan (CCP) has taken...

Gilani approves $90 million for restoration of KKH

Prime Minister Yusuf Raza Gilani Thursday approved $90 million for the restoration of Karakoram Highway (KKH) out of the financial help provided by the Chinese government. The credit facility had...

Clinton vows to fight Republican aid cuts for Pakistan

US Secretary of State Hillary Clinton has warned Congress that she will fight to block a Republican push to restrict aid for Israel’s Arab neighbors and Pakistan. Two panels in the...

Urea prices witness phenomenal increase

Prices may further increase by Rs464 Fertiliser prices in the country have witnessed a steep increase of Rs750 to Rs800 per bag during the last 18 months, which is equivalent to...

South Sudan joins African Union as 54th member

South Sudan became the 54th member of the African Union (AU) after it received a majority vote from member states, including one from Sudan, the Pan-African bloc said Thursday. "The Commission...

Serb police, NATO boost forces after Kosovo violence

Serbian police and NATO troops reinforced checkpoints on both sides of the Kosovo border on Thursday to try to stop further ethnic violence after a frontier post was burned down...

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