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KARACHI:Beating the market expectations, the State Bank of Pakistan (SBP) on Friday cut the policy rate by 150 basis points to 10.5 per cent.While revealing the monetary policy, Governor SBP Yaseen Anwar said that the central bank wants to give stimulus to the economic growth without losing its focus from the persistent inflation in the country.The move will be appreciated by businesses, as it will provide some relief to the private sector that has been perturbed by powe <a href=https://www.asicsgel.de>asic schuh</a> r crisis, security issues and political instability <a href=https://www.campusadidas.it>adidas campus</a> . The cut in policy rate is line with the demand of business community to bring the interest rates to single digits.The decision of the central bank came after a <a href=https://www.stanley-cup.us>stanley tumblr</a> fall in inflation. The monthly inflation in July 2012 came down to 9.6 percent, which was 12.3 percent in May 2012. PESHAWAR:A Grade 18 lecturer at Khyber Med <a href=https://www.adidas-yeezys.fr>yeezy 350 noir</a> ical University (KMU) in Peshawar has been dismissed f <a href=https://www.adidas-yeezys.com.mx>yeezy zebra</a> ollowing a verdict of guilt in a case of sexu <a href=https://www.adidas-yeezy.de>yeezys boost 350</a> al harassment.

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KARACHI:After a brief boost, the foreign exchange reserves held by the central bank plunged 6.95% on a weekly basis, according to data released on Thursday.The reserves had been on a downward spiral for 13 successive weeks, when financial assistance from Saudi Arabia provided much-needed support to the fast depleting reserves.The reserves had dropped to a four-and-a-half-year low, which raised concern about Pakistan s ability to meet its financing requirements. The assistance from the kingdom pushed the reserves above $8 billion, however, now they have once again fallen below that mark.On November 30, the foreign currency reserves held by the State Bank of Pakistan (SBP) were recorded at $7 <a href=https://www.adidas-yeezys.com.mx>chancla adidas yeezy</a> ,502.1 million, down $560.3 million compared with $8,062.4 million in the previous week. The decrease was attributed to external debt servicing and other official payments.Pakistan s external debt, liabilities shoot to record at $96.7bOverall, liquid foreign currency res <a href=https://www.adidas-yeezys.es>yeezys</a> erves held by the country, <a href=https://www.yeezy.com.mx>sandalia yeezy</a> inc KARACHI:The Presi <a href=https://www.campusadidas.it>adidas campus grigio</a> dent of Azad Jammu and聽 Kashmir (AJK), Sardar Yaqoob, said that the people of Kashmir still need the help and support of Pakistani government and their struggle for freedom will continue till they become independent. The people of Jammu and Kashmir still have the same views of independence that their ancestors had in 1947, he said at a press conference at the press club on Monday. He said that the people of Kashmir were peaceful and they will continue their <a href=https://www.nikeairforces.de>nike air forces</a> struggle without using any type of weapons.He said that Pakistan s business community has invested in other countries while the investors here complain of worsening law and order and power breakdowns. Come and invest in Kashmir, he invited them. Kashmir is <a href=https://www.yeezyy.at>yeezy</a> your country. Invest in different sectors, including tourism. Yaqoob said that the people of Kashmir will not accept any decision about their country s future which was made without consulting the country s leadership.While replying to a question about the ong

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QUETTA:Cross-border movement of people and trade activities between Pakistan and Iran have been suspended for three weeks due to the closure of trade gate Zero Point and travelling gate Raahdari in Taftan.Offi <a href=https://www.nike-dunks.de>nike dunk orange</a> cial sources told The Express Tribune on Monday that Assistant Commissioner of Taftan <a href=https://www.adidas-yeezys.es>yeezy</a> Habib Nasir had called a meeting of the border authorities from Pakistan and Iran for Monday, but the meeting could not be held as his Iranian counterpart was on leave.The sources also said that the Chagai deputy commissioner would send a letter to the Iranian authorities and apprise them of the problems being suffered by people in the border town.People from different walks of life have demanded of the government to take up the issue of the closure of the two gates in Taftan with the Iranians and get them reopened.Safety of pilgrims is govt s duty, says Shehryar AfridiAcco <a href=https://www.yeezy.com.mx>chanclas yeezy</a> rding to Levies officials based in Taftan, the Iranian authorities had closed the two gates on October 16, owing to the C KARACHI:The rupee ended weaker at 98.80/98.81 against the dollar compared to Wednesday s close of 97.80/97.81. Heavy debt repa <a href=https://www.conversede.de>converse lows</a> yments to the International Monetary Fund (IMF) have dented the centr <a href=https://www.adidas-samba-adidas.es>zapatillas adidas samba</a> al bank s reserves, which have declined significantly, putting pressure on the rupee. Pakistan paid the 28th loan installment of $149 million to the IMF on February 18. According to data provided by the State Bank of Pakistan, overseas Pakistanis remitted $9.033 billion between July and January of the current fiscal year. They had sent home a record $13. <a href=https://www.jordann.at>air jordan4</a> 92 billion in the previous fiscal year (July 2012-June 2013), a growth of 5.56% or $733.64 million compared with $13.187 billion a year earlier. Overnight rates in the money market rose to 10.00% from Wednesday s close of 8.30%.Published in The Express Tribune, March 14th, 2014. Like聽Business on Facebook, follow @TribuneBiz聽on Twitter to stay informed and join in the conversation.