Pakistan Tightens Forex Monitoring
The State Bank of Pakistan will monitor all foreign exchange transactions with finer granularity to curb outgoing remittances and stabilize value of the Pakistan Rupee, reports on Thursday suggest. Foreign exchange firms in Pakistan are currently required to report transactions above $5,000 at the close of business every day. Transactions below $5,000 were not the [...]
Sugar Crisis: Global Shortage of Sweet Commodity
Pakistan is currently in the midst of a major sugar crisis and Pakistanis are very bitter about. The sugar which Pakistanis dump into their tea and use to make their many baked deserts has completely disappeared from the shelves of local stores. “Look for the sweetener in a local bazaar and you’ll find there’s none [...]
Pakistan Ready To Poison Farmers, Ruin Land
Despite undisputed data against it, the Pakistani government is likely to sign a Memorandum of Understanding (MoU) with Monsanto, a controversial American agricultural biotechnology giant for introducing ‘insect-resistant’ Bt cotton and other dangerous seed technologies in Pakistan.
Should Pakistan-China Form Consortium To Import Potash?
The government of Pakistan’s refusal to extend subsidies on import of potash fertilizer, over and above the existing subsidy amount earmarked in the budget, seems irresponsible especially because the prices of potash have substantially decreased.
Ibrahim Sajid Malick is a Pakistani-American writer, technologist, and social entrepreneur. He has been writing on Pakistani society and politics since 1986. He has held several media, communications, and technology positions for organizations large and small. Mr. Malick graduated from New School for Social Research with a master’s degree in anthropology. He holds several technology and management certifications. He works for a leading technology firm and blogs at www.ibrahimsajidmalick.com