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Archive for  December 2012

  • Demand management is a very relevant option that governments employ in times of scarcity. The most usual form is either to restrict supply through a daily/weekly quota enforced through the issuance of ration cards or

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  • The decision of the government to obtain a good housekeeping "seal" from Transparency International Pakistan for the auction for 3rd Generation Spectrum (3G) Licences is a clear indication that Prime Minister Raja Pervez Ashraf seeks

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    • News Desk
    • Dec 17th, 2012
    • Comments Off on SBP must not lose its monetary compass

    State Bank's decision to cut its policy rate by 50 basis points from 10 percent to 9.5 percent with effect from 17th December, 2012 seems to have been exclusively based on recent deceleration in the

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    • News Desk
    • Dec 17th, 2012
    • Comments Off on Kuwait expels German national who attended protest

    Kuwait deported a German national who said he was a journalist covering protests in the Gulf Arab state but lacked the required press accreditation, a Kuwaiti security source said. All journalists working in Kuwait need

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    • News Desk
    • Dec 17th, 2012
    • Comments Off on Chevron to pay $155 million for Brazil oil spill

    US oil giant Chevron has agreed to pay 310 million realise ($155 million) to Brazil for an oil spill last year that fouled beaches in Rio de Janeiro, officials said Saturday. Government news service Agencia

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    • News Desk
    • Dec 17th, 2012
    • Comments Off on Gunmen kill two Libyan soldiers in former Qadhafi bastion

    Gunmen killed two army officers on Sunday in a Libyan town that was one of the last strongholds of Moamer Qadhafi's regime before his overthrow and killing last year, the military said. Captains Mohamed al-Zarruk

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    • News Desk
    • Dec 17th, 2012
    • Comments Off on Absent Chavez dominates Venezuelan state elections

    Venezuelans vote on Sunday in state elections that will define the future of opposition leader Henrique Capriles and test political forces ahead of a possible new presidential vote if Hugo Chavez is incapacitated by cancer.

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    • News Desk
    • Dec 17th, 2012
    • Comments Off on Yemen LNG gas pipeline blown up again Sunday

    The gas pipeline feeding Yemen's only liquefied natural gas (LNG) export terminal was blown up again early on Sunday, the company operating the pipeline said. "Yemen LNG confirms the sabotage of the 38 inch gas

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    • News Desk
    • Dec 17th, 2012
    • Comments Off on Drastic steps taken to uplift healthcare standards: Malik

    Member National Assembly (MNA) Pervez Malik said that the Punjab Government has taken drastic measures to uplift the basic healthcare standards across the province. The doctor's salary structure has recently been approved and free medicines

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    • News Desk
    • Dec 17th, 2012
    • Comments Off on Spain’s oldest nuclear plant shuts down

    Spain's oldest nuclear plant Garona is shutting down on Sunday ahead of new taxes included in a government energy reform that would render the plant unviable. Spain is introducing higher taxes on electricity generation as

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