Pakistan plans four special economic zones with access to US market

Pakistan plans to set up four special economic zones on the pattern of Jordan and Egypt having facility of product access to the US market at concessional duty rate, a senior official has disclosed."There will be one-stop shops in such zones. The products of special...

China welcomes UK Tibet decision

"China welcomes UK Tibet decision Zhu Weiqun speaks on Tibet A senior Chinese official has welcomed the UK's decision to recognise Beijing's direct rule over...

Jobless claims hit 25-year high, imports plunge

Jobless claims hit 25-year high, imports plunge Doug Palmer WASHINGTON (Reuters) - The number of U.S. workers drawing jobless benefits hit a 25-year...

Pakistan incurred $34.5 bn losses in war against terror: FM

"NEW YORK: Pakistan suffered huge losses, amounting to US $34.5 billion, since 2001 for its role in the war against terror and wants regional ownership of the crisis in a bid to bring peace and stability to the troubled region, Foreign Minister Shah Mahmood Qureshi said...

UK to cut immigration from outside Europe

"LONDON, Nov 11: Britain on Tuesday published a list of industry sectors open to workers from outside Europe, which the government says will reduce by 200,000 the number of jobs open to migrants from outside Europe. Immigration Minister Phil Woolas said the government had...

Asian Markets Spike On China Stimulus Package

"Asian stock markets rose sharply after China announced a $586 billion economic stimulus package aimed at countering the effects of the global slowdown on China's booming economy. One analyst described the massive package, which was bigger than expected, as a New Deal with...

No oxygen in the IMF ventilator

"By Mosharraf ZaidiThe News InternationalBeing of Pakistani origin qualifies an IMF employee to be as much of a Pakistani economy expert, as being of Pakistani origin qualifies a child that eats a lot of Krispy Kreme doughnuts to be an expert in Pakistani child nutrition....

We can kick start the economy with cash, Brown urges world leaders

UK prime minister Gordon Brown is making the case that Britain will have to undertake a stimulus package similiar to that being proposed in other countries in order to revive the economy. But so far, the specifics of how this would be done haven't been desctribed. Brown could...

Obama 'to reverse Bush decisions'

Bush rushing to issue midnight exec orders Mr Obama's team is scrutinising Mr Bush's executive orders US President-elect Barack Obama will seek to...