President Asif Ali Zardari is addressing the joint session of the Parliament at 3pm. He is 7th president of Pakistan who will address the parliament after Zia ul Haq, Ishaq Dar, Waseem Sajjad, Farooq Laghari, Rafiq Tarrar and Pervaiz Musharraf. He is addressing within 15 days of his election and expected to announce major policies [...]
President Zardari Addressing the Parilament Live
Published in September 20th, 2008
Posted by The Business Time in National
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Pakistan’s Foreign Exchange Reserves Reduce to $8.93 Billion
Published in September 19th, 2008
Posted by The Business Time in Business
State Bank of Pakistan has reported that foreign exchange reserves of Pakistan have been reduced to 8.93 billion dollars on the week ended on September 13th from 9.10 billion dollars in previous week. Out of 8.937 billion dollars, State Bank of Pakistan has 5.55 billion dollars while 3.38 billion dollars are with commercial banks. State [...]
“We will take whatever actions necessary in self-defence”: Gates
Published in September 19th, 2008
Posted by The Business Time in Business
US defence secretary has said that we will take whatever actions necessary in self-defence to protect our troops. He further said that we would prefer Pakistan to tackle militants. A question was asked, “Were you authorized to attack on Pakistan’s territory?” He replied, “I would not go in that direction”. Gates has further added that [...]
US Missile Strike Killing Over 6 Innocent People
Published in September 17th, 2008
Posted by The Business Time in National
Suspected US drones fired four missiles at a house today in Baghar Cheena of South Waziristan, a mountainous region which is only 2 km away from Angoor Adda where US led NATO forces launched first ground attack in Pakistan on September 3, 2008. In this attack, more than 6 people have been killed leaving 2 [...]
Lehman Brothers’ Bankruptcy to Change World’s Financial System
Published in September 15th, 2008
Posted by The Business Time in Business
150 years old US investment bank Lehman Brothers has suffered a loss of billion dollars in US mortgage market. Many other big companies have been facing problems due to this bankruptcy and seeking financial help. It has also been reported that the world’s biggest brokerage firm Merrill Lynch is going to be sold to Bank [...]
Fall in Petrol Prices by Rs. 5
Published in September 15th, 2008
Posted by The Business Time in Business
Oil and gas regulatory authority (OGRA) has decided in a meeting with Prime Minister Yousaf Raza Gilani to reduce oil prices by Rs. 5 following a global decline in oil prices. These prices will be effective from Tuesday and will remain applicable for next 15 days. While on the other hand, prices of high speed [...]
