Pakistan must act to avert economic crisis: World Bank
Pakistan must make rapid adjustments and reforms to avert an economic crisis as it suffers the impact of high international prices for petroleum and food such as wheat, the World Bank said more... (BR)

Current account deficit soars to $8.4 billion
Country's current account (CA) deficit climbed by some 44 percent to new peak level of 8.4 billion dollar during the July-February of current fiscal year due to the rising goods and services trade deficit more... (BR)

Pakistan may face burden of external debt-servicing
Pakistan is likely to face a higher external debt-servicing burden as repayments of rescheduled non-ODA Paris Club stock resume in 2008 and some foreign currency bonds mature more... (D)

Gilani hints at reviewing policies
In the first-ever briefing, Prime Minister Syed Yusuf Raza Gilani on Thursday hinted at overall review of the existing policies for seizing downward trend in the economy, besides providing immediate relief to under-privileged sections of the society more... (BR)

Iftikhar’s meeting with Asif invites criticism
ustice Iftikhar Mohammad Chaudhry, along with some of the deposed judges of the Peshawar High Court, met PPP co-chairperson Asif Ali Zardari at the latter’s residence here on more... (D)

Senate body for greater empowerment of women
Senate Standing Committee on Women Development has called for creation of conditions to promote and facilitate greater empowerment of women through better education and employment opportunities with a view to bringing them into the mainstream more... (D)

Sino-Pak coal-fired power corporation proposed
Pakistan and China are likely to establish a joint power corporation, main objective of which is stated to be making arrangements for setting up coal-fired power plants using imported and domestic raw material more... (BR)

Money rates ease, rupee firmer
Short-term money rates fell sharply on Thursday amid increased liquidity and dealers said they expected rates to remain around current levels for the rest of the week more... (D)

Cement prices hit all-time highs
The powerful cartel of cement makers continues to cash the rising demand as they have further increased the rate of 50 kg bag by Rs5-10 on Thursday more... (D)

Company news
Meezan Islamic Fund (MIF), the largest equity fund in the private sector in the country, has received 5-star ranking from JCR-VIS Credit Rating Company. MIF is an open-ended fund more... (D)