Dr. Shamshad Akhtar will be soon restored

October 25th, 2008 by The Online Reporter

Asif Ali Zardari addressed that “Governor State bank of Pakistan Dr. Shamshad Akhtar will be soon restored” during his meeting with a delegation of industrialists and businessmen. New governor will take charge on 15 November.
The meeting was attended by Board of Investment Chairman Saleem U. Mandviwala, Secretary Commerce Syed Asif Shah, Revenue Division Chairman Shahab Khawaja, Additional Finance Secretary Mohammad Ayub Tareen, S.M. Munir, Haji Masood, Khalid Tawab, Zahid Hussain, A. Haseeb Khan, Masood Naqi, Yahyha Polaki, Majid Aziz, Arshad Farooque, Fazal Jalil, Capt (retd) Moiz and Parwaiz Sohail.

Indian Rupee fall to 50.15 per dollar

October 25th, 2008 by The Online Reporter

International economic crisis finally starts affecting Indian rupee because Indian rupee has fall to record level of 50.15 per dollar on Friday October 24 2008.
Commerce minister Kamal Nath said, “The rupee slide is an aberration. It is arising out of dollar flows out of India. The rupee will find its level in due course.” A senior banker said as Americans are buying dollar to meet their cash requirements at home during present crisis, dollar has appreciated against most of the currencies world over.