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Pak Shell refuses fuel supply to CAA
KARACHI: Shell Pakistan has denied 100 per cent supply of oil to Civil Aviation Authority (CAA). This might affect the fuel supply to flights scheduled to carry Hajj pilgrims to Saudi Arabia in these days. Fuel supply to armed forces was also reduced after the oil companies faced shortage in their strategic stocks. Popularity: 5% [?]
Continue reading...Raja Ashraf bans transfers/ postings in PEPCO/DISCOS
22. November 2008
ISLAMABAD: Federal Minister for Water and Power, Raja Pervez Ashraf has directed all Power Distribution Companies (DISCOs) to reduce losses and speed up their recovery campaign with rigorous efforts on war footing basis. He asked them that they should pull all their available resources to make 100 % recovery of current billing and maximum recovery [...]
Continue reading...Pakistan tax reform in dilemma
22. November 2008
ISLAMABAD: Pakistan was in the spotlight again this week over its need to reform the tax system as the government and potential donors worked on a plan to help the state in the face of a financial crisis. Just 1% of tax is collected in Pakistan. Economic policymakers led by Shaukat Tarin, the Pakistan prime minister’s [...]
Continue reading...Further hike in interest rate not in national interest
21. November 2008
Government has accomplished the peak of interest rate hikes by revising it for the four times in the current year and any further increase will be devastating for the economy, Pakistan Economy Watch said Friday. The downward trend in prices is because of economic slowdown and there is nothing on the credit of administrative measure, [...]
Continue reading...We have worst form of capitalism that has drained middleclass, vanished poor
19. November 2008
Capitalist system has failed and the future of the world as well as that of Pakistan lies in socialism. Prosperity will remain a dream in absence of a mixed economy, a former top official said Wednesday. Former Secretary-General and Minister of State for Foreign Affairs M. Akram Zaki said that collapse of former USSR was [...]
Continue reading...Economy will continue to suffer until loan is repaid
18. November 2008
Pakistan Economy Watch has said that IMF should alter its preferences and take a new start from Pakistan. Whole world is calling for a fundamental change in the way IMF deals with the rest of the world. The agency is frequently alleged that its conditions become a nightmare for the poor while nobility always manages [...]
Continue reading...Petrol, diesel prices cut by Rs 10, Rs 3 per litre
16. November 2008
ISLAMABAD: The government on Saturday to decrease petrol and diesel prices by Rs 10 and Rs 3 per litre respectively for passing on the benefit of lowering petroleum products’ rates in the global market to domestic consumers. According to petroleum ministry sources, new maximum sale price of petrol is Rs. 66.66 and diesel Rs. 61.14. There [...]
Continue reading...Pakistan finally secures 7.6 B $ Loan from IMF
15. November 2008
Islamabad: Pakistan has finally managed to secure a 7.6 billion dollars loan from International Monetary Fund payable within next 5 years’ period. This was announced at a joint press conference by Governor State Bank Dr. Shamshad Akhtar and Finance Ministry’s Advisor Shaukat Tareen in Karachi this afternoon. Shaukat Tareen said Pakistan will have [...]
Continue reading...Flight of capital can only be controlled through enabling environment
15. November 2008
Flight of capital cannot be controlled through administrative actions but by creating a conducive and enabling environment, Pakistan Economy Watch said on Friday. Economies have never responded to speeches, promises and tall claims but actions. Pakistan is not an exception. A former president has played major role in flight of capital from the country. He [...]
Continue reading...Foreign trips, princely expenditure tarnishing govt’s image
12. November 2008
Islamabad: Pakistan Economy Watch has said that government should stop counter productive foreign trips and princely expenditures as it is loosing confidence of masses and tarnishing its own image. A number of foreign trips of top leaders with hundreds of members of entourage is costing public exchequer heavily. What Pakistan is getting in return is [...]
Continue reading...FIA raids against money changers continue
11. November 2008
ISLAMABAD: Pakistan’s Federal Investigation Agency yesterday continued its raids at the main money changers firms, scanned bank transactions and arrested several individuals suspected to be involved in transfer of foreign exchange to foreign countries through unlawful means. Pakistan’s central bank suspended yesterday the license of a prominent foreign exchange company as part of an investigation into [...]
Continue reading...PEW all praise for govt’s steel decision
9. November 2008
Pakistan Economy Watch has lauded the decision of the government to abandon plants for privatization of Pakistan Steel Mills (PSM). The historic decision has catered for the reservations of many quarters and neutralised the threat of total deindustrialization of the country, said Dr. Murtaza Mughal, President, Pakistan Economy Watch on Saturday. He said decision to [...]
Continue reading...IMF bracing for a begging bowl
3. November 2008
Islamabad: Pakistan Economy Watch has said that IMF (International Monetary Fund) is suffering from financial problems and preparing to get aid from wealthy nations. IMF has no option but to ask wealthy Asian nations for help. The fund’s lending capacity of $250 billion dollar and present reserves of $210 aren’t sufficient in comparison to global [...]
Continue reading...President to visit Saudi Arabia to boost trade, investment
2. November 2008
ISLAMABAD: President Asif Ali Zardari will leave for Saudi Arabia Tuesday for holding wide ranging talks with Saudi leadership aimed at expanding trade and economic ties and seeking Saudi support in helping the country confront its financial challenges. President Zardari’s visit to Saudi Arabia is taking place at a time when Pakistan is in the midst [...]
Continue reading...WTO increasing human sufferings
30. October 2008
Pakistan Economy Watch has said that developed countries and WTO are again pushing third world to accept Doha Development Round due to unending suspicions of member states. WTO wants to abolish time-tested economic systems around the world claiming that their model will help improve quality of life of the poor. In fact, it is increasing [...]
Continue reading...Toxic financial flaws in banking, SOPs must be quarantined immediately
10. October 2008
Islamabad: National Traders Alliance on Thursday said the banks are behaving like cartel and robbing depositors as well as borrowers. Banks and other financial institutions have a crippling effect on trade, commerce, industry and national savings. Developing countries like Pakistan cannot afford such luxuries which has seriously endangered the economic competitiveness. Speaking at a meeting, [...]
Continue reading...NBP to introduce schems to promote saving habits
9. October 2008
ISLAMABAD: National Bank of Pakistan would introduce new market-based, deposit oriented products offering lucrative profit margins to promote the saving habits of the customers. President National Bank of Pakistan (NBP) Syed Ali Raza said this while addressing to executives officers and branch managers of Rawalpindi and Islamabad Regions on Thursday. The members of the regional management [...]
Continue reading...Informal economy getting larger, peak of crises yet to come
9. October 2008
Islamabad: Pakistan Economy Watch has said that the weakness of government and lax attitude of authorities has again pushed up the prices of wheat, flour, milk and fertilizers. Prices of pharmaceuticals will be hiked shortly. Profiteers have started hoarding sugar to milk commoners in near future. Value of everything increasing but human life, rupee Value of [...]
Continue reading...SBP injects $100 million in market
8. October 2008
KARACHI: The State Bank of Pakistan (SBP) has injected U.S. $100 million in inter-bank market to stabilize value of rupee against dollar. SBP spokesman, Syed Waseem Uddin told a private TV channel that central bank intervened in inter-bank market to stabilize the value of rupee against dollar. He, however, declined to comment on value of [...]
Continue reading...Sufficient inflows in next 4 weeks to build up reserves: PM’s Advisor
8. October 2008
KARACHI: Advisor to Prime Minister on Finance Shaukat Tareen said Wednesday that foreign exchange reserves will be built- up with the help of sufficient inflows being arranged in next three to four weeks. He was talking to media at Jinnah Terminal of Karachi Airport. “I am going to Washington DC tonight (intervening Wednesday-Thursday) to [...]
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Asides 
The DAWN Group of Newspapers, published by the Pakistan Herald Publications (Pvt.) Limited (PHPL) was founded by the Quaid-e-Azam, Mohammad Ali Jinnah, the father of the nation. The group began its publication, the DAWN newspaper, in 1947 immediately after independence and has ever since emerged as one of the high brow English Newspaper of pakistan with huge circulation. This newspaper has a wide readership because it is trend setter and its editorials always choose an independent and pro Pakistan policy. This is the most read newspaper in specific classes e.g. Ambassadors, Ministers, Professors, Teachers and Students. Dawn has recently launched English News Channel that has been running successfully.
Dawn has an extremely neat and easily navigating website including the left sidebar. All important links show different pages of hard version of Newspaper that makes easy for the readers and visitors to pick the link they are interested in; including Front Page, National, International, Local, Business, Editorial and Opinion.. Website has segregated its columnists in the same side bar and links to their Mags. Website gives link to the Online Dawn News. The news in Pics is very praiseworthy feature of the site.
Popularity: unranked [?]
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22. November 2008
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