Fake Currency Notes in ATM

By Syed Muzammil Hussein Recently I was astonished to find a fake currency Note of Rupees one thousand (Rs.1000/-) among cash withdrawn by me from an ATM outlet of Habib Bank Limited in Rawalpindi. I want to report it to the concerned quarters to take stern action to combat menace of fake currency notes as [...]

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Elite major hurdle in tax base widening: Hafeez tells Senate

By Qamar uz Zaman ISLAMABAD  (September 23, 2010) : Federal Finance Minister Dr Abdul Hafeez Sheikh on Wednesday termed the “elite” of the country as a major hurdle in broadening the tax base and responsible for promoting culture of tax evasion, which is dragging the economy away from self-reliance. Replying to several questions in the Senate, [...]

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Gov. urged to curb corruption and Opposition Senator Khurshid Ahmed resisted Flood Tax

By Business Recorder ISLAMABAD  (September 22, 2010) : Opposition Senators have strongly opposed the imposition of flood tax, urging the government to create fiscal space by reducing expenditures and curbing corruption in various institutions. Taking part in the debate, Senator Professor Khurshsid Ahmed said that the government should reduce its expenditure and control massive annual corruption [...]

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Pakistan and China’s economic cooperation

By Ismat Sabir China is a friend and a strategic partner promoting stability and economic progress in Pakistan, said Chinese President Hu Jintao. While responding to this statement, President Asif Ali Zardari said, “It is our belief that Pakistan can act as a force multiplier for China and we will continue to work towards this [...]

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Budget and the Poor

By Babar Ayaz Any expectation from the ruling class to change its political and geo-political strategy is unrealistic. And without moving towards these changes, the economic policies of the country cannot be changed Here is an anecdote on the budget. When I was working for a national English daily in the early 1980s, to report [...]

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Islamic banks need to introduce transparency says Professor Khurshid Ahmed

ISLAMABAD: Senator Professor Khurshid Ahmed has said that despite best efforts riba-free banking is yet to make any substantial contribution to the economy and to the evolution of a new Islamic financial system in Pakistan. Renowned research scholar, educationist and economist Prof. Khurshid Ahmed said that Islamic banks (IBs) need to introduce more transparency and [...]

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From Learning Till Progression

It was the second year of my engineering, 2007, and the Christmas and New Year holidays were just over. The routine hectic life was about to begin once again. Went to uni the first day I found one of my Indian classfellow having a brand new laptop — the brand was unknown to me. I [...]

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