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Articles and Letters

Articles  Letters
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The face value of low interest rates

Published on May 27, 2015In a rather surprising move the Governor of State Bank of Pakistan (SBP), while announcing the monetary policy at a press conference last weekend, reduced the interest rate to a 42-year low of 7 percent in a band of 7 percent upper ceiling and 5 percent lower cap. The reasons cited by SBP to slash 100 basis points is to spur economic activities and boost investment in the country based on numbers of positive economic indicators as per SBP reporting. In September 2014, the rates stood at 10 percent and since then SBP is reducing it every 2 months arriving to the present 7 percent.Read full story

Asia's migrant domestic workers rally to fight low pay and abuse

Published on May 27, 2015Suay Ing was nine when she was first employed as a domestic worker, cleaning for a family and sleeping in their laundry room in the northern Thai city of Chiang Mai for $10 a month. The eldest of four children of migrant construction workers from Myanmar, Ing was 14 when she was trafficked to Bangkok by a broker who promised her a job and abandoned her.Read full story

Truckers' secret to fuel efficiency: take it easy

Published on May 27, 2015Mario Enriquez says there's no real trick to getting great fuel mileage in a big truck. "Just take it easy," says the 61-year-old native of El Paso, who's driven an 18-wheeler for 11 years. "I don't gun the engine, I just gradually give it the gas." Enriquez averaged 9.74 miles per gallon from February to April in an International ProStar made by Navistar International Corp. For that, his employer, Mesilla Valley Transportation (MVT), awarded him a Nissan Versa compact car.Read full story

Partly Facetious: Time can turn a hero into a villain

Published on May 27, 2015"So the lawyers are out again."Read full story

Belarussian investors facing harassment

Published on May 27, 2015Senior Belarussian businessmen, who are bringing vital tractor manufacturing technology and investment into Pakistan are unfortunately facing harassment and threats in Pakistan. The foreign nationals in question are directors of a Pakistani company MTW PAK that they have incorporated in Pakistan. MTW PAK holds in Pakistan the technology rights granted to it by OJSC Minsk Tractor Works, a Belarusian company owned by the government of Belarus.Read full story