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.
October 24th, 2008 by The Online Reporter
British Engineers are ready to make experiment of world’s fastest supersonic 1,000 mph car. This car named Bloodhound SSC will break existing record by more then 250 mph.
A team of engineers was working on this project from past eleven months and this car is faster then a bullet and can run 1050 kilometers just in 40 seconds, which is quite amazing.
October 23rd, 2008 by The Online Reporter
Dominique Strauss-Kahn, Managing Director of the IMF addressed that Pakistan has made a formal request to the International Monetary Fund for cash assistance to help it overcome the current economic crisis, but on the other side financial advisor to the Prime Minister Shaukat Tarin told a press conference that “We have not formally requested the board of IMF for a facility as of now”.
Pakistan needs $3.5 to $4.5 billion in foreign exchange over the next 30 days to over-come this economic crisis. Governor State Bank Dr. Shamshad Akhtar has left for Dubai where she will have a meeting with IMF authorities.
October 21st, 2008 by The Online Reporter
Deposed chief justice Iftikhar Muhammad Chaudhry addressed to Rawalpindi bar Association that he had many secrets in his heart and he will disclose them on November 3rd 2008. He entered in Supreme Court building after almost one year.
It really seems sad that what kind of chief justice we had in past, he is openly blackmailing Government of Pakistan, Prior to this he and some senior attorneys of Pakistan blackmailed Musharraf Government and now they have started again against new government. There are huge chances that Justice Iftikhar will soon form his political party because he has learnt almost every technique of politics.
October 19th, 2008 by The Online Reporter
This newspaper cartoon is addressing the current situation of Pakistani Rupee and dollar, it is clearly visible that how price of dollar is increasing here in Pakistan and on the other hand how value of Pakistani Rupee in decreasing.
