Zamir Sheikh

  • KARACHI - Renowned architect Habib Fida Ali passed away on Saturday. He was 81. His funeral was held at 12 noon at the Bohra Qabristan in Karachi. Habib Fida Ali, born in 1935 in Karachi, was one of Pakistan’s most prominent architects. Karachi has lost its finest architect. Habib Fida Ali ...

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  • KARACHI: Renowned architect Habib Fida Ali passed away on Saturday. He was 81. His last rites were performed at 12 noon at the Bohra Qabristan in Karachi. Habib Fida Ali born in 1935 in Karachi was one of Pakistan's most prominent architects, working in the modernist tradition. Karachi has lost its ...

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  • KARACHI -  The State Bank of Pakistan (SBP), in its First Quarterly Report for FY17, on the State of Pakistan’s Economy predicts an increase in fiscal and current account deficits in the first quarter, and pointed out that this YoY increase was driven primarily by the absence of inflows ...

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  • The political scene in Pakistan was shaken when a number of changes occurred throwing into doubt the continuity of the policies at home and abroad. Removal of Syed Qaim Ali Shah from the slot of chief minister and bringing in of younger Syed, Murad Ali Shah the son of former chief minister late ...

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  • KARACHI - Today we celebrate the 140th birth anniversary of Pakistan’s founding father Quaid-e-Azam Muhammad Ali Jinnah with zeal and fervour. The day gives us the opportunity to look into the history of the great man who carved out an independent homeland for Muslims of the subcontinent. His ...

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  • KARACHI -  Tax amnesty, currency notes of large denominations and withholding tax regime are detrimental to the economy, said economist Dr Shahid Hasan Siddiqui while talking to The Nation. He said that the money in circulation as percentage of GDP in Pakistan is already very high. After ...

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  • KARACHI -  Banking sector has remained in sound and stable state during Q3CY16. The solvency profile of the banking sector has strengthened as Capital Adequacy Ratio (CAR) has improved to 16.8 percent, while profit after tax has stood at Rs138.9 billion for the first nine months of CY2016, ...

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  • KARACHI -  The State Bank of Pakistan announced the monetary policy for the next two months on Saturday, keeping the benchmark interest rate unchanged at 5.75 percent. The bi-monthly monetary policy statement said after bottoming out in October 2015, CPI inflation has been following a rising ...

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  • KARACHI - The world is confronted with new challenges and old security threats are changing to adapt to new technologies. South Asia has shown a tremendous resilience and is emerging as one of the fastest growing region and economic market. Nevertheless, at the bilateral level in South Asia, the ...

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  • KARACHI - Prime Minister Nawaz Sharif yesterday said Pakistan was committed to discouraging arms race in the region, but would pursue the motive of ‘Arms for Peace’. Addressing the inaugural ceremony of four-day 9th International Defence Exhibition and Seminar (IDEAS) here, the prime ...

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  • KARACHI -  Pakistan’s public debt witnessed rise of Rs2.3 trillion in last fiscal year (FY16), and reached Rs19.7 trillion (66.5 percent of GDP) by end of June 2016. “This sharp increase in public debt could be largely explained by revaluation losses caused by unfavourable currency ...

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  • KARACHI -  The State Bank of Pakistan announced the monetary policy for the next two months on Saturday, maintaining the interest rate at 5.75 percent. The bi-monthly monetary policy statement said the current account deficit is at the risk of widening further owing to declining exports and ...

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  • KARACHI - The State Bank of Pakistan, in its quarterly performance review of the banking sector, has highlighted that the asset base of the banking sector has registered an increase of 7.7 percent. The Quarterly Performance Review (QPR) ended 30th June 2016, released on Thursday, marked with ...

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  • KARACHI - Prime Minister Nawaz Sharif yesterday reiterated his government’s commitment to development of Pakistan at a fast pace and said the nation must question those who were trying to push the country to the ages of darkness. Addressing the awards-distribution ceremony for the companies ...

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  • KARACHI - Prime Minister Nawaz Sharif yesterday launched Pakistan Navy Fleet Tanker at Karachi Shipyard & Engineering Works on Friday. Speaking as chief guest at the launching ceremony of the 17,000-ton fleet tanker built with the cooperation of Turkey, the prime minister expressed pleasure ...

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  • KARACHI - Banks made agricultural credit disbursement of Rs 598.3 billion during the last fiscal year (FY16), which is almost 100 percent of the overall annual target of Rs 600 billion and 16 percent higher than the disbursement of Rs 515.9 billion made during FY15, according to SBP report. It is ...

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  • KARACHI - The State Bank of Pakistan on Saturday announced the first monetary policy of the new fiscal year (FY17), keeping the policy rate unchanged at 5.75 percent. SBP Governor Ashraf Wathra, unveiling the bi-monthly monetary policy, also gave some indications about the difficulties the national ...

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  • KARACHI - A day after Syed Murad Ali Shah was sworn in as the Sindh chief minister, his 17 member-cabinet, comprising nine ministers, four advisers and as many special assistants took oath yesterday. Sindh Governor Dr Ishratul Ebad Khan administered oath to the ministers during a ceremony held at ...

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  • KARACHI;-State Bank has kept policy rate at 5.75 percent in announcement of its first monetary policy of financial year 2016-17, on Saturday. Governor of State Bank, Ashraf Wathra, unveiling the bimonthly monetary policy said unexpected increase in oil prices may result in wider trade deficit. ...

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  • KARACHI - Murad Ali Shah, who is set to replace Syed Qaim Ali Shah as Sindh Chief Minister after the procedural formalities are completed, hails from village Wahur, Taluka Sewan District Jamshoro. He started his political career in 2002 by getting elected as a Member of Sindh Assembly. In 2008, ...

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  • KARACHI - Finance Minister Murad Ali Shah is the new choice of the PPP for the office of Sindh chief minister. In other words a junior Shah will replace octogenarian Qaim Ali Shah. Murad Ali Shah, it is said, believes that without the support of the Syeds of Sindh he would not be as effective Chief ...

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  • KARACHI - State Bank of Pakistan Governor Ashraf Mahmood Wathra has said SBP would issue a commemorative coin of Rs. 50 in memory of late Abdul Sattar Edhi as a small token of appreciation to remember him in the history of Pakistan. He was addressing a ‘condolence’ gathering to pay ...

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  • KARACHI: Governor State Bank of Pakistan Ashraf Mahmood Wathra has said SBP would issue a commemorative coin of Rs. 50 in memory of late Abdul Sattar Edhi as a small token of appreciation to remember him in the history of Pakistan. He was addressing a ‘condolence’ gathering to pay ...

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  • KARACHI: Stocks on Friday closed a new highs amid support in blue chip banking and cement sector, the KSE-100 index catapulted to its all time high and settled at 38,776.94 index level. Volatility prevailed as the index juggled 325 points in the red and green zone to close at 38,777, up 25 points, ...

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  • KARACHI - Sindh budget for the financial year 2016-17 with an outlay of Rs869 billion was presented in the provincial assembly on Saturday. This is the fourth budget of PPP government led by Qaim Ali Shah, which has been facing allegations of corruption and poor governance. Though the outlay is ...

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  • KARACHI - Pakistan’s central bank unexpectedly lowered its benchmark interest rate for the first time since September to boost economic growth before the government presents its budget for the new financial year. In its last monetary policy for ongoing fiscal year, State Bank of Pakistan on ...

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  • KARACHI - Just after two days, Mustafa Kamal-led Pak Sar Zameen will hold its much-trumpeted public meeting at Bagh-e-Jinnah to create political tsunami in the metropolis.The party has launched publicity campaign to make the meeting successful. Billboards are seen at main thoroughfares while ...

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  • KARACHI - State Bank of Pakistan on Saturday announced the fifth monetary policy of the current financial year (FY2015-16), deciding to keep its key policy rate unchanged at 6 percent.Unveiling bi-monthly monetary policy through a statement, the Monetary Policy Committee of SBP observed that ...

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  • KARACHI - Former Karachi Nazim and chief of the MQM’s dissident group, Mustafa Kamal formally launched his political party ‘Pak Sarzameen’ on Wednesday (Pakistan Day), demanding the government announce a general amnesty for workers of his former party. Raza Haroon, Anis Advocate, ...

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  • KARACHI State Bank of Pakistan Governor Ashraf Mahmood Wathra has said that Pakistan’s economy has shown marked recovery during the last two fiscal years, growing by over 4 percent, after an anemic rate of 2.8 percent on average in the preceding 5 years. He said that macroeconomic stability ...

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