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Rupee falls to yet another historic low

Source: The Nation | 18-12-2012

The beleaguered rupee fell to yet another record low on Monday amid consistent demand for the US dollar both in the interbank and kerb currency markets.

Dealers said that in the interbank market the rupee eased by 30 paisas to 98.10 to a dollar during the intra-day trading. Moreover, in the open or kerb market the rupee declined by 40 paisas to 99.20 to a dollar.

The rupee has been under consistent pressure amid declining foreign exchange reserves after Islamabad began repayments of loans earlier this year obtained from the International Monetary Fund under the Stanby Arrangement.

PM Nawaz orders LEAs to abolish no-go areas in Karachi

Source: Ø¬ÛŒÙˆ Ù†ÛŒÙˆØ² | 04-09-2013

KARACHI: Prime Minister Mian Nawaz Sharif ordered law enforcement and intelligence agencies to abolish the existing no-go areas in the metropolis at any cost, Geo News reported. After chairing a high-level meeting with the officials of law enforcement agencies and the intelligence agencies at the Governor House, PM Nawaz Sharif ordered the concerned autho..... Read more

Investigation by officer facing contempt charges irks SC

Source: Dawn News | 06-03-2013

The Supreme Court ordered FIA Director General Mohammad Anwar Virk on Tuesday to appear before it and explain why an officer facing contempt charges had been entrusted with the task of investigating the multi-billion-rupee National Insurance Company scam. A three-judge bench headed by Chief Justice Iftikhar Muhammad Chaudhry, which had taken up the NICL..... Read more

Karachi became bastion of terrorism: Achakzai

Source: Geo News | 18-09-2013

ISLAMABAD: Pakhtunkhwa Milli Awami Party chief, Mehmood Khan Achakzai has voiced concerns over Karachi situation, saying that the port city has become bastion of terrorism, Geo News reported. Speaking in the National Assembly, Achakzai demanded investigation into May 12 incidents and said that without it Pakistan could not move forward. He said af..... Read more

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