State Bank of Pakistan (SBP) has reported that foreign reserves of Pakistan have reduced from $8.82 billion to $8.13 billion in the week ended on September 27, 2008. While in October 2007, foreign reserves touched high limit of $16.5 billion. State Bank’s own reserves have also decreased from $5 billion to $4.68 billion. Asian Development [...]
Foreign Reserves Reduce By $690 Million: SBP
Published in October 4th, 2008
Posted by The Business Time in Business
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The US Senate Approves $700 Billion Economic Plan
Published in October 2nd, 2008
Posted by The Business Time in World
The US Senate has approved revised economic bail out plan of $700 billion with few amendments in its review session. 74 voters favored while only 25 opposed this plan. Bill has been sent to the desk of President Bush for final approval. This bill was rejected earlier on Monday due to which Dow Jones index [...]
Baitullah Mehsood Passes Away?
Published in October 2nd, 2008
Posted by The Business Time in National
Pakistan government officials informed that the head of Tehreek e Taliban Pakistan, Baitullah Mehsood passed away at the age of 34. He had been suffering from diabetes, hypertension and kidney problem for last several months. A spokesman of Tehreek e Taliban, his other close associates and doctor have denied these rumors and said that he [...]
“I am not leaving Pakistan” US-Backed Musharraf
Published in October 2nd, 2008
Posted by The Business Time in National
US-backed former president of Pakistan, Pervaiz Musharraf has said after offering Eid prayer at Army House that he is not leaving Pakistan but only considering options of invitations from think tanks and different institutions of the world for delivering lectures. He has strongly condemned the suicide attack at Mariott Hotel Islamabad that war on terror [...]
