October 27th, 2008 by The Online Reporter
“We have to take unpopular decisions to seek solutions of economic, energy and other crises,” Zardari said. But what kind of unpopular decisions President Zardari is talking about? This newspaper cartoon explicitly describing a condition of poor common man in Pakistan, imagine a person who is already living hand to mouth, could he afford unpopular or strict decisions from his own democratic government any more?
Our president is talking about taking unpopular and bold decisions to pull out country from present crisis it would be much batter if our nation could come out of this crisis without bothering a common man anymore.
October 26th, 2008 by The Online Reporter
This newspaper cartoon shows that IMF has decided to trap Pakistan with its financial package. Diplomatic sources in the US capital say that the Fund has agreed in principle to help Pakistan avoid defaulting on its foreign debt repayments but a final decision can only be taken by its governors. The IMF has estimated that Pakistan has unmet funding needs of around $4 billion and needs some extra cash to meet its other urgent requirements. The Fund is willing to provide up to $6 billion.
But what will the next situation for Pakistani public? Could they bear more inflation? Could they bear more surcharged in their utility bills?
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.
October 17th, 2008 by The Online Reporter
Dollar has reached to 84 Rupees and broke all previous records in Pakistan, and on the other side Pakistani rupee became more weaker.
Dealers said the rupee was expected to remain under pressure in the short- to medium-term as there were no scheduled foreign inflows.
October 11th, 2008 by The Online Reporter
Iran foreign minister Manouchehr Mutaqi meets Pakistan president and prime minister and the outcome of those meetings was that finally Iran agrees to provide 1000 megawatt electricity and oil to Pakistan at easy installments.
This contract will really help government of Pakistan to overcome the current power crisis. Prime Minister Yousaf Raza Gillani stated that joint financing company will be formed for gas pipe line project and we want to start this mega project as soon as possible, he further said that India could also join whenever they want.
