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News for Wednesday, 16 Nov 2011

NPL’s of banks, DFIs skyrocket to Rs629.55b

The bad debts of banks and development financial institutions (DFIs) have increased to an alarming level of 6.53 per cent of their total advances. Exorbitant increase According to data released by the...

Economic reforms necessary to eliminate grip of market forces: US

United States has stated Pakistan must legislate on tax collection to increase its revenues in addition to quickly withdrawing power subsidies that were draining the cash-strapped government’s budget. Pakistan’s non-NATO...

Vivek Oberoi to play Dawood Ibrahim

Vivek Oberoi has been signed to play a major role in ‘Shootout At Wadala’. He is the latest memeber of the cast and joins John Abraham and Anil Kapoor. Apparently...

Analysing innovation trends

What does innovation mean? It used to relate mainly to products, and that is still important. But over the last decade or so, businesses have been putting more and more...

325MW power outage on the cards

Acting on Prime Minister’s orders to provide additional natural gas to fertiliser sector, Sui Northern Gas Pipeline Limited (SNGPL) diverted 60 mmcfd gas from power sector to fertiliser units that...

Fuel shortage affecting KESC

Karachi Electric Supply Company (KESC) has maintained that duration of load shedding has been increased in some residential and commercial areas of the city due to `shortage of fuel supply...

PIA management decides to decrease flight frequency

Management of Pakistan International Airlines (PIA) has decreased its flight frequency and annulled 23 domestic and international flights, while they have also reduced international economy fare categories from 7 to...

Trade politics

Pakistan and India seem to have finally come to appreciate the underpinning of 21st century advances in realpolitik – trade benefits and economic interests dictate political alliances. This is truer...

Berlusconi and Italian debt

It is clear that Europe is in a mess. The financial crisis is spanning from the eastern front to the western front and is creating havoc over everything in between....

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