Peshawar struck by rocket attacks
PESHAWAR: At least two rockets have landed in the urban Pehsawar near Bacha Khan International Airport, Geo News reported. Earlier three loud explosions were reported from different areas Khyber PakhtunKhwa’s capital, but later they turned out to be rocket fire. According to sources, two rockets fired from unknown location, landed in the University Town near airport.
Reportedly one of the rockets struck a residential block,while the other fell near a the airport’s boundary wall with loud bangs which shattered the windowpanes of buildings close-by. Rescue workers as well as law enforcers are on their way. More details are awaited.
Courtesy: The News
Pakistan’s forex reserves fall to $13.374 billion
KARACHI: Pakistan’s foreign exchange reserves dropped to $13.374 billion in the week ending Dec 7, from $13.500 billion in the previous week, the central bank said on Thursday. ….
Read more » DAWN
By: Ismail Dilawar
KARACHI – Frequent incidents of violence and the consequent sense of paranoia in the country’s financial hub have seriously jeopardized businesses, and put a majority of the traders and businessmen under heavy debts during recent years.
The traders claim to have become insolvent due to violence, such as politically-motivated targeted killings, and frequent strikes that partially or completely cease the businesses activity in the port city. “Almost 80 percent of the traders in the city are breathing hard under heavy debts which they owe to the goods’ suppliers,” said Muhammad Atiq Mir, chairman of the All Karachi Tajir Ittehad (AKTI), a body representing around 400 city markets. This, he said, was because of the politically and religiously motivated violence, which is now the order of the day.
Mir said most of the traders’ shops were filled with suppliers’ goods. “Due to consistently increasing inflation and violence, the traders’ income has been going down,” he said. “Irrespective of the reasons, each day of suspended businesses activity costs the city traders at least Rs 2.5 to Rs 3 billion,” he said, adding that this amount reflected the revenues only. “Daily trading activity can roughly be estimated at over a trillion rupees,” said Mir, who also chairs the Federation of Pakistan Chamber of Commerce and Industry’s (FPCCI) standing committee on small traders and cottage industries.
Continue reading Violence and strikes sending businesses in Karachi down the drain
Hyderabad : Pakistan Muslim League Functional’s Chief Pir Pagara did the historical Jasla (Public Gathering) PML-F shows strength in Hyderabad; rejects [controversial, black and apartheid] SPLGA 2012 the new LG Law introduced by MQM and PPP in Sindh, in which the Slogan was ” Hik Sindh Hik Kanoon Hik Dharti Hik Pakistan ” ( One Sindh One Law One Land One Pakistan).
In the history of Sindh, Hyderabad never before 1.2 million people gathered from across the sindh to attend such public gathering and PML(F) Chief Pir Pagara addressed to all including Sindh Nationalist Parties, those who appose against the New Local Government, through out the event was captured by Sindhi media channels and all went peaceful, instead of the chairs, on 70 acres Carpets were laid to sit on the floor and the security duty was given to HUR’s as well as Police and Rangers. …
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