Archive for May, 2011

PNS Mehran under siege in Karachi

by Hasan Mubarak
May 23rd, 2011 @ 12:39 PM

P3 Orion aircraft on fire at PNS Mehran - Source: Dawn.com/AFP

Gunfire and explosions rocked Pakistan Navy’s PNS Mehran base in Karachi last night. Recent reports have confirmed at least 8 casualties and two aircrafts destroyed at the high security facility. P3 Orion aircrafts are operated by Pakistan Navy for maritime surveillance and reconnaissance missions.

Navy has become the most targeted wing of the armed/security forces in Pakistan with four terrorist attacks spanning over the last two months. All four have taken place in Karachi targeting buses carrying Navy personnel and now an air-base. The first ever attack on naval interests in Pakistan during the current war on terror took place on March 4, 2008 when the Naval War College in Lahore was attacked by two suicide bombers killing at least 8 people.

Our prayers and thoughts are with the affected families and friends of our brave military men who’ve lost their lives in this incident. Inna lillahe wa inna illehe rajioon.

We all pray in unity for peace in Pakistan!

Tags: , , , ,
Posted in terrorism | 2 Comments »

Management of the Pakistan Economy

by S A J Shirazi
May 6th, 2011 @ 11:36 AM
The Lahore School of Economics Seventh Annual Conference on the Management of the Pakistan Economy [May 4th, May 5, and May 6th] concluded  at the Burki campus today. The theme of this year’s conference was “Financial Sector Development and Management’. The conference brought together a group of distinguished researchers and policymakers from across Pakistan and internationally. The underlying objective of the conference is to promote discussion on key policy issues in financial sector development and in macroeconomic management. The conference was opened by Dr. Shahid Amjad Chaudhry, Rector Lahore School of Economics. Mr. Shahid Kardar, Governor State Bank of Pakistan will deliver the inaugural address. Researchers from PIDE, Quaid-e-Azam University, NUST, IBA Karachi, IBM Karachi, LUMS, Lahore School of Economics as well as a number of international universities participated in the conference.
The conference span three days and consist of five sessions. The first session covered matters concerning macroeconomic management and the role and effectiveness of instruments of fiscal and monetary policies in controlling inflation while ensuring growth. The second session included papers that evaluate the impact of financial sector reforms on the efficiency and effectiveness of financial intermediation and in reducing financial repression. The issues of the linkages between financial sector performance and monetary policy were the focus of the third session, while capital markets, their governance and performance were discussed in the fourth session. The last session brought together a group of international academics to discuss development experiences in other growing countries and their relevance for Pakistan.
The papers presented at the conference and the discussions held shed light on the policies and practical measures that can help the country to develop an effective monetary management system and an efficient and inclusive financial sector, for supporting sustainable growth in the future. [On the side line of conference]

Posted in Economy/Business, Education | 2 Comments »

Terms of use | Privacy Policy | Content: Creative Commons | Site and Design © 2009 | Metroblogging ® and Metblogs ® are registered trademarks of Bode Media, Inc.