Source: BBC News
Two directors of a Pakistani currency company have been remanded in custody over allegations that they illegally transferred millions of dollars abroad.
The two directors of Khanani and Kalia International (KKI), one of the biggest foreign exchange companies, were arrested on Saturday.
Their company’s license to trade has also been suspended for a month […]

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Source: Time
You wouldn’t want to be the President of Pakistan: Even as the military finds itself embroiled in a war against militants that much of the country’s elected leadership (and even more of the electorate) opposes, it’s hard even to keep the lights on as the limits of the country’s electricity supply mean daily blackouts […]

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 This opinion was first published at The WeCite Blog

All so called patriotic rallies, all sit-ins, all strikes and damages incurred to public properties and buildings, all efforts to get rid of a dictator have paid off! Democracy has won in Pakistan, Ladies, Gentlemen, Politicians, and Laywers (yes, the politicians and the lawyers are a separate […]

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Source: BBC News
Pakistan needs a “substantial” injection of external funds if it is to improve its worsening economic situation, an IMF official has said.
Mohsin Khan said Pakistan had not yet requested help from the IMF, which some economists have called for, to address a growing balance of payment crisis.
A falling rupee, soaring inflation and […]

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Source: Bloomberg
Sept. 1 (Bloomberg) — Pakistan’s benchmark index closed little changed as emergency trading limits continued for the third day to halt a slide in stocks that sent the benchmark index down 42 percent since April.
The Karachi Stock Exchange 100 index rose 1.89 points, or less than 0.1 percent, to 9,210.15 at the close. Sixty-eight […]

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Source: Herald Tribune
Pakistan’s economy will expand by less than 6 percent for the first time in five years amid double-digit inflation and ballooning budget and trade deficits, the central bank said Saturday.
Economic problems are adding to the pressure on Pakistan’s new civilian government as it struggles for power with President Pervez Musharraf and tries […]

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Authorities in Pakistan have warned that people hoarding wheat will have their stocks confiscated unless they sell it to government agencies.
The government says production of wheat will fall a million tonnes short of what the country requires this year.
There have been accusations that some Pakistani traders are illegally selling wheat intended for domestic use abroad.
The […]

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Source: Calcutta News.Net
After banning export of cement to control inflation, India plans to increase import of cement from Pakistan and buy a total of seven million tonnes from the neighbouring country this fiscal, said a senior commerce ministry official here Saturday.
‘We have already imported 21 lakh (2.1 million) tonnes of cement from Pakistan and we […]

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Source: International Herald Tribune
KARACHI, Pakistan: Pakistan’s national bank has cut its forecast for the country’s economic growth this fiscal year to 6.0-6.5 percent.
The State Bank of Pakistan said Monday it was revising its forecast for the year ending June 30 in the light of “domestic turbulence and external shocks.”
The bank predicted growth of 7.2 percent […]

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Source: Xinhua News
SLAMABAD, March 27 (Xinhua) — Pakistan’s economy is expected to remain strong growth of 6.5 percent supported by all sectors during the current year despite many challenges, according to a United Nations report released Thursday.
The United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) in its economic and social survey […]

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Source: The Associated Press
ISLAMABAD, Pakistan (AP) — Pakistan’s interim government raised fuel prices about 7 percent Saturday, a decision likely to spark public anger at a time when food prices are also rising.
The hike by the Pakistan Oil and Gas Regulatory Authority came as world oil prices continue to hover at record highs.
Light, sweet crude […]

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Source: Washington Post
ISLAMABAD, Pakistan — The line for cooking oil was nearly a block long, just a few miles from the Parliament building. Saida Bibi, fistful of rupees in hand, elbowed her way to the front of the angry crowd shoving its way into the government food shop.
This Story
Food and Energy Shortages Stoke Inflation, Anxiety […]

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Source: [Emergency] Mailing List
By Yousuf Nazar
The new government’s economic managers may hold the key to its success or failure. Inflation, energy crisis, and stagnant exports would need immediate attention. There is a tendency to look at the economic issues in isolation from the politics but the economic policy would need heavy engagement from the new […]

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Source: International Herald Tribune
KARACHI, Pakistan: Atiq-ur-Rahman dismisses the gusty northwesterly wind blowing past his tatty barber’s shop. It is an economic chill that troubles him and threatens to undermine the tigerish economy — just as Pakistanis prepare to vote in general elections.
“I have weathered all kind of hardship in my life, so this cold weather […]

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Source: Teeth Maestro
Kaiser Bengali is currently working for Collective for Social Science Research, a research company based in Karachi, economist Bengali has also served as the managing director Social Policy Development Centre between 2001-2004. Here he talks with TNS about a range of issues and gives his own economic blueprint which is closely tied up […]

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Source: VOA
Assassination, riots and bombings hardly make Pakistan an investor’s dream. But as VOA’s Heda Bayron reports from our Asia News Center in Hong Kong, some stock analysts say Pakistan offers opportunities as well as risk.
At a time when Western magazine covers call Pakistan the world’s most dangerous country, Mark Matthews, Asia stock strategist at […]

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Pakistan is at the crossroads of grave challenges that have plagued the social, political and economic fabric of the country. Its economy is in a shambles; its politics is based on fragile democratic institutions and powerful dictatorship; and its society is confronting relentless gauntlets of growing intolerance and extremism. Its enemies are sparing no effort […]

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Source: Bloomberg
By Khalid Qayum and Farhan Sharif
Jan. 17 (Bloomberg) — President Pervez Musharraf, battling civil unrest and a surge in terrorist attacks, is facing growing discontent caused by record wheat prices and power cuts in Pakistan.
“The flour crisis is bad, but in ordinary times it would not have been an impossible policy problem,” said Adil […]

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Source: Bloomberg
By Farhan Sharif
Jan. 14 (Bloomberg) — Pakistan’s inflation accelerated in December as local wheat prices rose to a record, pushed up by smuggling of the grain to neighboring Afghanistan.
Consumer prices jumped 8.8 percent from a year earlier, after gaining 8.7 percent in November, the statistics bureau said today in Islamabad. Economists expected a 9 […]

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Source: Reuters
By Mark Bendeich
KARACHI (Reuters) - A little more than six years ago, immediately after the September 11 attacks on U.S. cities, few sane investment advisers would have recommended Pakistani stocks.
They should have. Their clients could have made a fortune.

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Source: [Emergency] Mailing List
Farhan Sharif
Dec. 10 (Bloomberg) — Pakistan’s inflation probably held in November near
the highest level since 2005 on soaring food costs, increasing the
possibility of an interest-rate increase by the central bank next month.
Consumer prices jumped 9.05 percent from a year earlier, after gaining
9.3percent in October, according to the median forecast of eight
analysts […]

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