KARACHI -Muttahida Qaumi Movement’s (MQM) Parliamentary Leader in the National Assembly Dr Farooq Sattar on Tuesday presented a Rs 4 trillion federal shadow budget for financial year 2013-2014, prepared by MQM’s budget and economy team, says a press release. The budget is said to have a ...

Federal Reserve Chairman Ben Bernanke said on Friday that the shadow banking system continued to pose a threat to financial stability, and that bank funding markets might still not be able to cope with a major default.In a wide-ranging speech explaining the Fed’s role in monitoring the ...

ROME Italy’s new coalition government was sworn in on Sunday, but a ceremony symbolising a fresh start for a country mired in recession and dogged by political feuds was overshadowed by a shooting outside government headquarters.As Prime Minister Enrico Letta and his 21 ministers took the ...

PESHAWAR - Announcing a ‘shadow government’, Jamaat-e-Islami (JI), Khyber Pakhtunkhwa, nominated ex-senior minister and JI central naib ameer Sirajul Haq as chief minister, in addition to forming a four-member committee to choose members for the provincial cabinet.  In view of the ...

NEW YORK - In the absence of a US-Pakistan deal so far to reopen the routes for NATO supplies to Afghanistan, President Asif Ali Zardari was preparing to leave Chicago empty-handed, The New York Times reported Monday.In a front-page dispatch, the newspaper said the the failure to strike the deal ...