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News for Wednesday, 3 Aug 2011

Navy attack: Army officials may face court martial

Departmental action has started as per recommendations of Board of Inquiry (BOI) probing attack on PSN Mehran that had cost life of ten security personnel and destruction of P3C Orion...

Govt printed banknotes worth Rs966b in 3 years

The PPP government has set a record by printing Rs966 billion notes from the State Bank of Pakistan (SBP) during the last three years, resulting in stifling inflation. Responding a...

Afghan-Pakistan trade dispute exacerbates

Nearly 2,500 shipping containers bound for war-ravaged Afghanistan are stuck at Pakistan’s Karachi port, officials said on Wednesday, in a wrangle over financial guarantees for the goods as part of...

High inflation expected in coming months: PIDE Survey

According to inflation expectations survey released by Pakistan Institute of Development Economics (PIDE), people are optimistic about increase of growth rate in the coming months. However, public is also expecting...

Karachi Stock Exchange plummets

With the law and order situation predicted to get even worse judging by the eerie warning of a leading opposition party leader, the KSE-100 index plummeted by 284 points to...

Pakistan needs to follow int’l standards, says WTO

Pakistan needs to bring its production methods and processes as per recognised world standards to be able to meet the quality requirements in international markets. The World Trade Organisation (WTO) Cell...

FBR to finalise resource mobilisation strategy

The Federal Board of Revenue (FBR) will finalise its resource mobilisation strategy to collect Rs 1.952 trillion tax collection target for the current fiscal year at the Chief Commissioners Conference....

A little hesitation is a dangerous thing

After a pretty upbeat start Monday, so obviously on the back of the State Bank’s quite unexpected cut in interest rate, the market went tumbling down Tuesday, and by about...

The real cost of violence

The 2008 Geneva Declaration on Armed Violence and Development, endorsed by more than 90 states, argues that “living free from the threat of armed violence is a basic human need.”...

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