Pakistan's finance minister Ishaq Dar has suggested to his countrymen to eat chicken instead of daal (pulses or legumes). Does the minister sound like Queen Marie-Antoinette (wife of France's King Louis XVI) who reportedly said to hungry rioters during the French Revolution: “Qu'ils mangent de la brioche”—“Let them eat cake”? Let's look into it.
It is indeed true that some varieties of daal are priced higher than chicken. For example, maash is selling at Rs. 260 per kilo,…Continue
Yet another tragic mass shooting in America--this time in an Orlando gay night club with the heaviest recorded death toll in a mass shooting in American history. The culprit: Omar Mateen, a young AR-15 high-powered assault-rifle-wielding American-born Muslim reportedly self-radicalized remotely by ISIS via the Internet.
Could the Orlando night club tragedy have been prevented if America had fewer Muslims, as the presumptive Republican presidential nominee …Continue
Pakistan’s National Electric Power Regulatory Authority (NEPRA) has published for public comments its revised feed-in tariffs (FiTs) for solar energy projects of up to 100 MW, according to a report in PV-Tech journal.…
MSCI Pakistan Index will be reclassified to Emerging Markets status, coinciding with the May 2017 Semi-Annual Index Review, according to an MSCI press release on June 14, 2016.
Emerging Market Upgrade:
Pakistan's Karachi Stock Exchange KSE100 Index has rallied 14% in 2016, making it Asia's best performing market so far this year in anticipation of the MSCI…Continue
Pakistan government has approved an $ 8.2 billion project to upgrade the 1,872 km Karachi - Peshawar rail track, bridges, tunnels, and culverts, according to International Railway Journal.
The new track will support increased axle load of up to 25 tons, up from 22.8 tons which is now the norm in South Asian countries. The higher axle load capacity will allow heavier freight trains carrying more freight per train for greater trade overland.
China will provide 85%…Continue
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Added by Syed Shaheer Javaid on June 1, 2016 at 4:27am — No Comments