Sunday, February 6th, 2022
Inflation a Global issue
Munaza Kazmi Since the re-opening of the global economy, inflation has been rising around the world. This sudden change of macroeconomic conditions caught policymakers off-guard in terms of updating inflation forecasting models to a fast-evolving scenario as well as assessing the causes of this sudden surge and, remarkably, whether such causes are transitory or permanent. Considering the facts. Figure above shows the monthly time series of 12-month CPI inflation rates across three large countries: the US, the UK, and Germany. Emphasizing three macro-periods: (1) the pre-COVID-19 era, categorized by lowRead More
ECP writes letter to KP govt for action against Maulana Fazl’s brother
ISLAMABAD, FEB 06 (DNA) — The Election Commission of Pakistan has written a letter to the Khyber Pakhtunkhwa government asking it to take an action against JUI-F Chief Maulana Fazlur Rehman’s sibling Ziaur Rehman for violating election act. The election commission on Sunday sent the letter to the KP chief secretary and directed him to take departmental action against Maulana Fazl’s brother Ziaur Rehman who is a government employee. The younger Rehman participated in the Feb 3 election campaign of Jamiat Ulma-e-Islam (Fazl). He spoke in favour of Kafeel Nizami,Read More
N. Korea continues nuclear program, profits from cyberattacks: UN
North Korea has continued to improve its nuclear and ballistic missile programs in 2021 and cyberattacks on cryptocurrency exchanges turned out to be a significant revenue source for Pyongyang, an excerpt from a confidential United Nations report seen by Reuters said on Saturday. The annual report by independent sanctions monitors was submitted on Friday evening to the U.N. Security Council North Korea sanctions committee. “Although no nuclear tests or launches of ICBMs (intercontinental ballistic missiles) were reported, North Korea continued to develop its capability for the production of nuclear fissileRead More
PM Imran, Li vow to work for regional stability
• Afghanistan mainstay of PM’s meetings with Chinese, Uzbek leadership• Karachi, Faisalabad projects feature in talks with investors• Meeting with Xi today ISLAMABAD / BEIJING: In wide-ranging talks with Chinese premier Li Keqiang, Prime Minister Imran Khan on Saturday underscored the importance of Pakistan and China working together to promote shared objectives of peace, stability and development in Afghanistan and regional connectivity. Afghanistan along with Kashmir was also the mainstay of Mr Khan’s meeting with President of Uzbekistan Shavkat Mirziyoyev on the sidelines of Beijing Winter Olympics opening ceremony. DuringRead More
Nonstop borrowing from IMF poses economic, political threat
Karachi: The Federation of Pakistan Chambers of Commerce and Industry’s Businessmen Panel (BMP) Chairman has warned that continued borrowing from the IMF and other multilateral sources is posing serious economic threat, as Pakistan has taken foreign loans of $9.43 billion in just first half of this fiscal year, suggesting the economic team to convince the lender for softening its conditions so that government could pursue its pro-growth strategies through some incentives for the industry. BMP Chairman Mian Anjum Nisar emphasized the need for exploring investment resources from the private sectorRead More
Army sacrificing for the country, protection of people: UBG
ISLAMABAD, FEB 6 /DNA/ – United Business Group President Zubair Tufail and former President of Islamabad Chamber Muhammad Ahmed have said that Pakistan Army is successfully dealing with internal and external threats. The officers and soldiers are sacrificing their lives for the sake of Pakistan and the business community across the country appreciates the sacrifices of the Pakistan Army and stands by them in every difficult time, they said. Paying glowing tributes to the Army and FC, Zubair Tufail, President of United Business Group, Muhammad Ahmed, former president ICCI and Malik Sohail,Read More