Tag Archives: Global

Global downtrend triggers adjustment

KSE 100 index ended the day down 84 points as reports circulated that Kunar Pasaki Deep and Tando Allahyar may be scrapped and lead OGDC to incur heavy losses. Major oil, fertiliser

PU VC writes book on global wars

Punjab University Vice-Chancellor Dr Mujahid Kamran launched his 7th book “The Grand Deception: corporate America and perpetual war” on Sunday. Initially written in Urdu as “Pase Pardaha”, the book is an analysis

Commenting on aggressive global politics, subsequent suppression of differences

KARACHI – Tazeen Qayyum’s work comments on aggressive global politics and the subsequent suppression of differences. She uses insects as motifs, her favourite being dead cockroaches that are repeated in a pattern and are simultaneously rendered as compelling and repulsive.
Through these dead insects, she comments on human rights violations and human fatalities in the current wartime environment. The paintings have an attractive appeal, but only when the works are looked at

Pakistani students shine at Global Islamic Marketing Conference

LAHORE – A paper titled ‘Barriers to Islamic Banking in Pakistan’ presented by 5 undergraduate students Hassan Ahmed, Nausherwan Saleem, Khawaja Jaffer Abbas, Muzammil Altaf Barkhurdaria and Jawad Mehmood from the Lahore University of Management Sciences (LUMS) received the best student paper award at the Global Islamic Marketing Conference held in Dubai, UAE in March, 2011.
The conference, sponsored by The United Arab Emirates University and Emerald Group Publishing, was

G20 tackles global economy

WASHINGTON – The world’s big economies have tried to overcome their differences and flesh out a plan to make the world economy less prone to booms and busts. The challenge of getting the Group of 20 to agree on how to spot and fix dangers to global growth comes as policymakers are worried about more immediate threats – high oil prices, huge debts in some rich nations and unrest in the Middle East.
China, at the center of the ambitious global policy plan, signaled it will only let

China, India prices point to global inflation pressure

BEIJING – China and India reported higher-than-expected inflation readings on Friday, giving fresh ammunition to central bankers and investors alike who are worried about mounting price pressures in the global economy.
Consumer prices in the euro zone also picked up more than expected, while figures due later in the day from the United States are expected to show a similar trend, with the inflation rate still moderate but steadily rising, not least because of higher food and

G7 to discuss global hot spots

WASHINGTON – Uncomfortably high oil prices, unsustainable sovereign debt burdens and Japan’s uncertain future cloud the global economic outlook as world finance leaders gather on Thursday.
Group of Seven members, who meet behind closed doors in the evening, will try to assess the economic damage from Japan’s earthquake and uprisings in the Arab world.
“There’s very high uncertainty about Japan’s outlook,” said Naoyuki Shinohara, deputy managing director of the International

EU banks threaten global financial stability: IMF

WASHINGTON – Unhealthy European banks are the biggest threat to global financial stability, and they need to find fresh capital, the International Monetary Fund said Wednesday.
“Many institutions – particularly weaker European banks – are caught in a maelstrom of interlinked pressures that are intensifying risks for the system as a whole,” the IMF said in its Global Financial Stability Report.
“Remaining structural weaknesses and vulnerabilities in the euro area still pose

Sanitation – Global bodies hail Colombo Declaration

KARACHI – The Freshwater Action Network South Asia (FANSA), WaterAid and the Water Supply and Sanitation Collaborative Council (WSSCC) have jointly welcomed the Colombo Declaration, which outlines ministerial commitments made in the fourth South Asian Conference on Sanitation (SACOSAN) held recently in Colombo, Sri Lanka. In a press statement, FANSA Regional Convener R Murli expressed his pleasure to see that the declaration reflects much of the declaration of the Pre-SACOSAN-IV