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As reported by CNN, Iraqi TV is airing a popular black comedy these days parodying life under the so-called Islamic State (IS) rule. Among several characters portraying IS' tyrannical rule and barbaric behaviour against minority communities and Western hostages, featuring in it, of course, is a man brandishing a blood-soaked sword. Interestingly, there is also a cowboy representing the US, accompanied by Satan and a woman - purported to be a former wife of the Amir of Qatar - wearing a Star of David pendant. The director is convinced that America, with support from Qatar, brought Satan and Israel together to give birth to IS. Missing from this drama imitating life though are two important characters, namely Saudi Arabia and Kuwait.

This article examines and reviews Directors' liabilities of an insolvent company under the US and the English law. Insolvency in English law stands defined in section 214(6) of the Insolvency Act 1986. The insolvency in the US law is considered as a combination of the definition given by section 1302 of the Delaware General Corporation Law and section 101(3) of the Bankruptcy Code, that means, proceedings initiated under Chapter 11 for reorganisation or under Chapter 7 for liquidation amount to insolvency.
Policymakers in Pakistan have not adopted policies, which could help in achieving higher growth in the real sense. Food inflation still remains high due to bottlenecks in the supply chain. Cost of bank borrowing still hinders new business opportunities. The economic managers may be making tall claims, but the current situation is far from satisfactory for a nation with per capita income of 1370 dollars and a growing gap between the rich and the poor.
"Mian sahib is becoming an authority on how to make enemies and to de-influence people."
The PTI and PAT dharnas at Islamabad have now escalated into jalsas being held in different part of Punjab. They are all set to soon embed their footprints in Sindh and Balochistan. PPP also decided to put up a show and had one in Karachi last Saturday. Other political parties are reported to be also tempted not to be left behind.
Approval of Russia's South Stream pipeline would send a message to Ukraine that the European Union is not ready to support its ambitions to lean toward the West and does not see it as a reliable gas transporter, the head of Slovakia's pipeline operator said.
As the new academic term began in Egypt, riot police were standing guard at Cairo's universities to quash any repeat of Islamist-led protests that turned campuses nation-wide into battlefields. The authorities have tightened security at leading universities across the country - the last bastions of protests backing ousted Islamist president Mohamed Morsi after a nation-wide government crackdown crushed his supporters, leaving hundreds dead and thousands jailed.

 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklyOctober 20, 2014
Reserves $13.436 bln