Saturday , 16 December 2017
Breaking News

za_admin

Is Brexit stoppable?

After this week, I refuse to believe that Brexit is unstoppable The government’s Commons defeat opens up new and far-reaching possibilities – of a second referendum and of the leaving process coming off the rails. Appearances matter a lot in politics. But in the end, the numbers matter more. On Brexit as on everything else, Theresa May has always behaved …

Read More »

USA under Trump is heading towards towards isolation

Hans Blix: From an isolated Iran to an isolated US FRED & KONFLIKT. As Iran has been implementing its part of the international nuclear deal, endorsed by the UN Security Council, it is the United States that is isolated, argues Hans Blix, former Director General of the IAEA and former Swedish Foreign Minister. He joins an increasing number of commentators who …

Read More »

Dollar to get hit by China oil trade in yuan

Dollar to get hit by China oil trade in yuan

As one of the world’s top energy importers, China has successfully completed its fifth dry run in yuan-backed oil futures contract trading. The step has been already called Beijing’s challenge to the US dollar. According to Bloomberg, which cited a statement from the exchange, 149 members of Shanghai International Energy Exchange traded 647,930 lots in the rehearsal with a total …

Read More »

Why GDP grows and people feel worse off

Gross domestic product (GDP) has lost its lustre as a measure of wellbeing. Nobel Prize winning economist Joseph Stiglitz is running a project to explore its shortcomings. The Economist noted pithily that GDP ‘was (and is) a measure of production, not of welfare’. Western nations probably won’t follow Bhutan in adopting a ‘gross national happiness’ index, but they do need to understand why more and more …

Read More »

Russia, China seek dollarless financial system

Russia, China seek dollarless financial system

The Moscow stock exchange will soon issue nearly $1 billion-worth of yuan-denominated bonds. It could become the start of a new financial system not based on the US dollar, analysts say. Russia will issue the 6 billion yuan (about $900 million) bonds with a five-year maturity in December or January. The Central Bank says it is testing the water for …

Read More »

Finally Government to disclose long term CPEC objectives

Minister for Planning and Development Ahsan Iqbal has announced that the long-term plan (LTP) for the China-Pakistan Econo­mic Corridor (CPEC) that was signed on Nov 21 will be made public on Dec 18. Making the LTP public was a commitment given by the minister back in June. In his address before hundreds of delegates gathered for the CPEC Business Opportu­nities …

Read More »

Solar goes mainstream in Pakistan

Crystal clear warning signs for Pakistan

The government of Sindh in Pakistan plans to launch an auction for the development of 50MW of solar PV in the Province, with support from the World Bank. A formal procurement process is set for Q2 2018 and this will be followed by many subsequent renewable energy auctions in Sindh. The National Electric Power Regulatory Authority (NEPRA) first enabled such …

Read More »

Manmohan Singh under fire as Indian politics gets dirty

Narendra Modi’s charge of Pakistani interference in Gujarat election is little more than political gamesmanship aimed at putting the Congress under pressure. From the details that have emerged, it seems likely that Congress leaders schmoozing with guests from Pakistan at host Mani Shankar Aiyar’s residence last Wednesday had bilateral relationship and Kashmir on the menu along with the dinner. Secretive …

Read More »

Politics of opportunism helping PML N

Pakistani voters and nation are tired of politics of agitation and dharna. But it seems undemocratic parties PTI-L (lotas), PAT and PPP as well as some in the third umpire believe it is still a useful tool. Imagine PTI-L, PAT, PPP, TLYR, JI, Military and Judiciary all have ganged up to beat one party down. But despite all this, they …

Read More »

Is Saudi Arabia favoring Israel?

The Trump declaration recognizing Jerusalem as Israel’s capital and relocating the U.S. embassy there is as historically significant to Israel’s control of Jerusalem as the Balfour Declaration was to recognizing the rights of the Jewish people in Palestine. But according to new revelations, the announcement could be part of a grander plan to help Israel wrest control of Jerusalem, as …

Read More »