IMF warns Pakistan economy deteriorating

Dawn: WASHINGTON: The International Monetary Fund (IMF) said Thursday that Pakistan’s economic situation was worsening and faces a return to double-digit inflation as the government prints money to finance its deficit. In a mission report, the IMF said Islamabad urgently needed to address deep problems in its energy sector, including […]

Turkey sends mixed signals over Syria

Source: Asiatimes: Although Ankara authorized military action against Syria on Thursday following a deadly cross-border exchange of fire, Prime Minister Recep Tayyip Erdogan has stressed he doesn’t want war, while demonstrators in Istanbul reject the country becoming a “US stooge”. Amid concerns a regional conflict is about to begin, Ankara […]

Islamic banking on radar

BS Reporter / Puducherry Oct 05, 2012 The Reserve Bank of India (RBI) is in correspondence with the government to look into ways to bring in new rules to accommodate the concept of Islamic banking, said Governor D Subbarao. Speaking at the Jawaharlal Institute of Postgraduate Medical Education & Research, […]