Economy, Inside Story, National

US dollar price hits all time high in Pakistan

Open market buying price of US dollar hit all time high of over 85 Rupees per unit. US Dollar is constantly declining in the international price but its price is Pakistan continued to rise. Also in the inter bank it was being sold at all time high of 84.92 Rs per unit. Dollar have actually risen up about 25 Rs in just in period of last two years by coming to price of 85 from just Rupees 60. It must also be kept in mind that before this US dollar price had taken about years to rise just Rupees 20 in the period of over 10 years when the USD price was on the way to 60 Rupees per unit […]

Economy

OGDCL Pakistan on the road to failure in achieving targets of 2009- 2010

OGDCL is  an oil and gas company which is ran by Government of Pakistan. It controls large amount of oil and gas reserves of the country totaling up to the 45% of gas and 35% of the oil reserves of the country. This company is also responsible for research and development in the sector. The company had a target of digging out 42 wells in current financial year 2009-2010 but is lagging well behind the target and will most likely will be unable to achieve the target. Company have been able to dig just 6 wells up till now in this year and need to dig up about 36 more in remaining period of less than 6 months to achieve […]

Technology

USB 3.0 on the way to your computer

Universal Serial Bus (USB) medium came a very much long way facilitating us with the amazing speeds of its times. USB continues to amaze as its coming out with its new high speed versions in every age. Now USB 3.0 is on the way to your computers and you will be using it soon. Before we go into the details of features of USB 3.0 lets go back to times when USB was first introduced and look on how its evolved. Back in 1996 companies like Intel, Microsoft and Compaq introduced and started giving support for this medium. The first version USB 1.0 provided the abilities like connecting the devices to computer without restarting it and also using same one […]

Basic Needs, National

Country wide CNG Association Strike ends, Gas load management to be discontinued soon

As all Pakistan CNG Association had announced a country wide strike and they were on strike for quite a few days now, finally they got the chance to settle the issues with the officials. A delegation from All Pakistan CNG Association met Federal Minister for Petroleum Syed Naveed Qamar to talk on the issue. Naveed Qamar assured them that the Gas load management plan will be discontinued by the February. Responding to this assurance from Qamar CNG Association announced the discontinuity of their strike against the government and for now CNG stations will only be closed on normal schedule provided by government. Hope the official stands by his assurance and its not another unfulfilled promise by the country’s administration.