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Ripple Effects of Protests & Sit-ins on Pakistan Real Estate Sector By Khadija AslamKARACHI: Though the beginning of 2014 was marked by slow economic activity, yet the majority of the Pakistani business sector was expected to pick up the pace later in the year. However, the ongoing political unrest in Pakistan is adversely affecting the economy, causing investors to shy away, which serves to isolate the country from the global investment stage. The friction between the government and opposition seems to have put Islamabad, the federal capital, under siege, creating economic & political instability as well as security issues. Political stability and regional security are two fundamental concerns for any investor. Therefore, the protests and sit-ins in Islamabad do not seem to benefit the current economy. “Pakistan’s real estate sector has a lot of potential, in which investment can be made,” stated Yaseen Anwar, Governor State Bank of Pakistan, during a recent seminar in Singapore. It is a fact that Pakistan’s ...


It was my idea to form PTI and I strongly support it; Junaid Jamshed Pakistani singer turned scholar Junaid Jamshed said it was his idea to Imran Khan in 1993 to form a political party, Pakistan Tehreek-e-Insaaf (PTI). In an interview to a local media, Junaid Jamshed said he would support every single person who stood against this corrupt system. He said Pakistan Tehreek-e-Insaf (PTI) chairman Imran Khan is doing the right thing. Junaid said the system running the country was very wrong. “I don’t like to sing ‘dil ...

Deputy Chairman NAB calls on CM Balochistan QUETTA: Deputy Chairman National Accountability Bureau (NAB), Admiral (retd) Saeed Ahmed called on Chief Minister Balochistan, Dr Abdul Malik Baloch.According to a handout issued here on Wednesday, they discussed the matters of mutual understanding.Chief Secretary Balochistan, Saifullah Chathha was also present on the occasion.Copyright APP (Associated Press of Pakistan), 2014

Sindh to freeze wheat issue price at Rs 3450/100 kg KARACHI: Sindh Chief Minister Syed Qaim Ali Shah has approved the previous issue price of wheat at Rs 3450 per 100 kg for current financial year to maintain the flour price.He said that the provincial government had earmarked Rs 3 billion for the wheat subsidy but the decision to maintain the issue price at of the last year would require an additional amount of Rs 1.7 billion and raise total subsidy amount to Rs 4.7 ...

PTI, PAT wasting time in sit-ins: Mushahid ISLAMABAD: Central Secretary Information of Pakistan Muslim League-Nawaz (PML-N), Senator Mushahid Ullah Khan on Tuesday said Pakistan Tehreek-e-Insaf chief Imran Khan and Pakistan Awami Tehreek chief Tahir ul Qadri are wasting time in sit-ins at D-chowk.Talking to a private TV channel, he said that PTI and PAT would not achieve anything through Azadi and revolution marches. He termed both parties as undemocratic.Mushahid Ullah Khan said the masses have firm belief in democracy and also supporting ...

Regularization of LHWs: SC issues show cause notices to chief secretaries ISLAMABAD: The Supreme Court on Tuesday issued show cause notices to chief secretaries and health secretaries of all the four provinces and federal secretary of health for not implementing the court orders regarding regularization of services of Lady Health Workers (LHWs) in the country and sought reply till September 29.The three-member bench headed by Justice Jawwad S. Khawaja resumed hearing of the case. During the course of proceedings, petitioner Bushra Arain told the bench that ...

All parties have to shed egoism to safeguard country: Siraj LAHORE: Ameer, Jamaat-e-Islami, Pakistan, Sirajul Haq, has said that the government as well as Pakistan Tehrik-e-Insaf and Pakistan Awami Tehrik would have to shed their egoism to safeguard the country's solidarity and to strengthen the constitution and democracy. Talking to the media at Mansoora, he said, the political Jirga had successfully brought together the parties of the conflict to the negotiation table.For the first time in the country's history, he said, the political parties had ...


 



 
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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 $-1.434 bln
Exports $1.930 bln
Imports $3.364 bln
WeeklySeptember 18, 2014
Reserves $13.525 bln