KARACHI, Oct 25 (Reuters) - Pakistan’s central bank said on Saturday it will buy Treasury bills under seven-day reverse-repo contracts to inject liquidity into the money market.
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Lawson - over and out. The Pakistan Cricket Board sacked national coach Geoff Lawson on Friday, just 15 months after the former Australian paceman took up the position.
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In Pakistan, four people have been arrested over a suicide truck bombing in Islamabad last month that killed scores of people.
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Pakistan sacked national cricket coach Geoff Lawson, just 15 months after the Australian took up the position, the Pakistan Cricket Board said. The move comes just three days after new PCB chairman I
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WASHINGTON: Alarmed by a fast-ballooning crisis in emerging markets, the International Monetary Fund is close to creating an emergency program to rush hard currency to nations suddenly teetering on the verge of default and Pakistan is no exception, IMF sources said yesterday. Dozens of countries in Eastern Europe, Asia and Latin America that experienced record periods of growth in recent years face serious threats to their economies. Foreign investors hit by the crisis that started in the United States are rushing to pull out their cash to cover bad bets at home. That has sent waves through once-thriving emerging markets, sparking stock sell-offs and runs on currencies from Budapest to Sao Paulo. Now, fears are mounting that some developing countries might default on their foreign bonds, potentially adding a full-blown debt crisis to the financial turmoil gripping the globe. To aid those nations, the IMF is considering establishing a pool of money that nations in jeopardy could quickly access for loans, according to a draft of the proposal. The fund’’s board is expected to vote on the proposal next week; it was unclear yesterday how much money could be made available.
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KARACHI: Despite wheat imports of more than 2.5 million tonnes through the Trading Corporation of Pakistan (TCP), Sindh province is still facing a sho
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BEIJING: Prime Minister Syed Yousuf Raza Gilani held a meeting with his Polish counterpart Donald Tusk here on Friday on the sidelines of the 7th Euro
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(RTTNews) - International Monetary Fund (IMF) has asked Pakistan to cut its military spending by almost a third if it is to get a bailout of its failing economy, according to Friday’s media reports.
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ISLAMABAD: Consistent military coups, political instability, corruption, inefficient bureaucracy, inadequate infrastructure, higher inflation and poli
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BEIJING: Prime Minister Syed Yousuf Raza Gilani urged the Chinese companies to invest in Pakistan in a big way, strengthening the bonds of ever-lastin
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