UPDATE 3-Rouble falls further as central bank seen intervening
Rouble has tumbled more than 40 percent vs dollar in 2014
* Central bank seen intervening on Friday to halt slide
* Rosneft’s dollar buying adds pressure – traders (Updates prices, adds extension of FX swap limit)
By Vladimir Abramov and Vladimir Soldatkin
MOSCOW, Dec 12 (Reuters) – The Russian rouble dropped to a new low of almost 58 to the dollar, continuing a slide that traders said led the central bank to intervene in the market on Friday after a rate hike failed to break the currency’s fall.
Read more » REUTERS
See more » http://www.reuters.com/article/2014/12/12/russia-rouble-idUSL6N0TW0KE20141212
By Akif Khan
In Pakistan, liberals are often accused of working on the Western agendas and being covert agents of “enemies” of Pakistan. They are also thought to be the ones who malign Pakistan’s image by cherry-picking few mishaps in the country. Let us explore the basis of these accusations and why these liberal “fascists” cry for secularism and liberalism and are opposed to Islamic system (aka Khilafat) in the country.
First of all there is this national narcissistic attitude and national state of denial. The incoherent syllabus, media and jingoist protectors of the “ideological boundaries” reinforce this state of narcissism and delusion. We need to realize that there are issues here and we have to address them. The first stage is – to identify these problems, the second is speaking up, third creating awareness and the last stage is where we will be able to move towards finding solutions.
Continue reading Why Pakistan needs secularism