Dollar Is Expected To Reach USD 127, Pakistani Rupee Remarkable Fall


Pakistani rupee (PKR) continues to depreciate in a massive way on a day to day. And, officials seem helpless because the International monetary Fund's Extended Fund Facility (EFF) has the hands of state bank of pakistan tied with the Ministry of Finance causation their `trouble shooter' to city to ascertain the causes behind unhinging of economy, whereas people scramble to convert their savings into dollars. 

Exchanged firms and money exchangers on weekday claimed shortage of the North American country currency as open market rate soared to Rs one hundred ten after the interbank parity touched Rs 107.30 to a dollar. SBP, few days back, did offer money to exchange companies; however the demand for bucks was a lot of higher. SBP had reportedly indicated the pitfalls and dangers involved in raising bucks from the banks by the govt. directly. However, it seems Ministry of Finance officers either did not comprehend SBP's warning that it could lead to cannibalizing of bucks from the interbank market and repricing of loans against FE25 deposits also, making a negative sentiment that the govt. is desperate for bucks. 

With 3 days left in the first quarter associated an United Nations agency technical team already in city to gather data to ascertain whether or not Asian country has met the performance criteria or not; SBP now seems helpless as its failure to intervene in the interbank market (on account of commitment to the Fund) is causing rupee depreciation on a day to day. money changers say they cannot sell bucks below the interbank parity. 

On Thursday, some banks World Health Organization are awarded the mandate to provide 625 million bucks were reportedly endeavor buy- and-sell transactions for their NOSTRO limits. Some banks that don't have overseas balance sheets were victimisation their rupee liquidity to buy bucks for the govt.. SBP was asked by MoF to place in place a mechanism that ensures that the association of banks with MoF mandate should usher in bucks from abroad. 

A former government minister who requested obscurity told Business Recorder that Prime Minister Nawaz Sharif shifted Ishaq Dar from Commerce to Finance in 1998 after he succeeded in bringing the rupee parity from Rs sixty nine to Rs fifty to a dollar. then again the size of the economy was a lot of smaller and much water has flown beneath the bridge since. it's now a special world. Unless the Nawaz Sharif's government will place four to 5 billion bucks at the disposal of SBP, things will not stabilise. Further, he said, the jazz Programme with the Fund doesn't strike the right balance between growth and monetary consolidation. And, the causeless consequence of this have manifested now. the automatic fiscal-phobic approach and ignoring the economic consequences of onerous a lot of from those that pay and not sound the shadow economy have negative consequences. SBP is {in a|during a|in associate exceedingly|in a very} wait-and-see mode on inflation estimates; and an anaemic response to its policy rate has not helped either. 

Imposing money margins on non-essential imports is not attainable beneath a Fund programme. however imposing a restrictive duty to discourage imports is achievable, he added. permitting Afghan importers to import goods against money contracts rather than Letter of Credit beneath the Afghan Transit Trade Agreement (ATTA) is another window getting used for hundi-hawala, that is negatively impacting official inflows. 

The long differential between dollar and rupee reduced from eight p.c to zero as a number one foreign bank flooded the system with purchase now - sell forward deals. SBP is expected to examine the books of some of the mandated banks on Thursday (today). And, if it will show to the Ministry of Finance that bucks area unit being purchased domestically for offer to the govt. beneath the Sept twenty third mandate it could lead to cancellation of the deal. 

SBP officers also met the representatives of exchange firms to ascertain on the way to stabilise the present turmoil. They were told that SBP must provide money bucks beneath a one-month swap arrangement at the speed of Rs 108.50 to a dollar, ie, one rupee on top of the Wednesday's interbank rate. The exchange firms promised to stay the open market rate at intervals one rupee of the interbank parity.

Pakistani Youth Achievement In The World Of Smartphones

screen_1Ever noticed that group photos are always missing the photographer? Groopic solves this impossible problem by seamlessly including the photographer friend in every group photo. With groopic, your pictures have every friend, every time. And no more asking for help from a stranger or setting up a tripod.

image

Samsung’s new phones claim to solve this problem through Dual Shot but that’s like pasting a sticker on a photo - a bit goofy. Instead, groopic gives a perfect group photo in just three simple steps.

Simply take two pictures, mark the photographers and let groopic do the magic. It automatically combines these incomplete pictures into one complete group picture.

To see groopic in action, watch the video: http://youtu.be/RSqIU8md7aI

Groopic is available on the App Store. Download it now for $1.99 only. The Android version is in the final stages of development and will be released soon.

Groopic uses patent pending technology developed at Eyedeus Labs. Eyedeus is a startup spinning off from Lahore Pakistan, and is focusing on development of computer vision tech for mobile devices. They also have some really interesting ‘natural user interface’ gaming demos for smart phones.

Here are the press releases


  • "Pakistan's tech talents find app success"
    Saima Mohsin http://edition.cnn.com →
  • "While there may be other apps (in more than 900,000) in the App Store that blend two images into one group photo, I've never seen one that's quite as easy to use as Groopic."
    Jason Parker http://reviews.cnet.com →
  • "Snap the photos. Tap the photographers. And you’re done."
    Sarah Perez http://techcrunch.com →
  • "Photographers Can Finally Be Part of Their Own Shots"
    Ashley Feinberg http://gizmodo.com →
  • "It’s ingenious, and easy enough to use that any of your moronic friends can work it."
    Charlie Sorrel http://www.cultofmac.com →
  • "...a patent-pending photo combining technology that works seamlessly"
    DL Cade http://petapixel.com →




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Swat To Initiate SMS Service For Health Awareness

MINGORA: 
Swat might introduce a mobile texting system to extend public awareness of widespread diseases, District Commissioner (DC) Farukh Ateeq aforementioned at a workshop on Wednesday.
Other measures for unwellness hindrance and rising immunization rates were mentioned within the meeting. The event was organized by Sarhad Rural Support Programme (SRSP) with the support of UNICEF.
Health consultants aforementioned immunization rates area unit directly associated with awareness levels of oldsters. Lack of understanding beside misunderstood spiritual beliefs in sure areas was mentioned to be the most reason behind refusal cases.
Immunisation for acute anterior poliomyelitis, tetanus, measles, TB, diphtheria, pertussis, hepatitis, infectious disease and respiratory disorder area unit administered to kids up to the age of 5 below the expanded  Programme on immunization (EPI) within the country.


WE ARE WORKING ON A SYSTEM TO INFORM PEOPLE ABOUT VARIOUS DISEASE THROUGH SMS. WE ARE IN INITIAL STAGE OF COLLECTING ALL MOBILE NUMBER

“We got to forsaking of ancient approaches and target new and scientific ways that for simpler results,” the commissioner aforementioned. “We area unit functioning on a system to tell individuals regarding varied diseases through SMS. we have a tendency to area unit within the initial stage of collection all mobile numbers,” he added.
“Lack of awareness, spiritual constraints, restricted accessibility, lack of vaccines and workers result in varied fatal diseases,” aforementioned Sajjad Ahmad, a politician within the health project.
The participants shared the pre and post militance record of diseases amongst kids in Swat. “There were quite seventy,000 cases of acute anterior poliomyelitis and different vaccination refusal within the district throughout the rising,” aforementioned Dr Rehmat Elahi, the self-report inventory organiser in Swat. “However, as a result of continuous efforts of the self-report inventory groups and health departments we have a tendency to had solely sixty three refusal cases within the starting of this year, that we have a tendency to additionally with success circled.”
He aforementioned there area unit seventy three facilities offered within the entire district wherever vaccines for 9 diseases area unit administered freed from value.
Ijaz Ali, a representative of SRSP, aforementioned quite twelve,000 community organisations area unit being shaped which will interact twenty,000 of the youth similarly. “The community organisations and youth are accustomed set up awareness sessions relating to immunization to assist the govt. tackle the problem,” he said.


According to the self-report inventory workers, the campaign in Swat district is being conducted frequently within which woman medical experts (LHW) play a crucial role. “They take a lively half to administer vaccines in distant areas notwithstanding they need to pay from their own pocket. we have a tendency to totally support the district administration and can still facilitate them within the future,” Nasreen island, Assistant organizer of LHWs aforementioned..

Illegitimate Jihadi Groups

We live in a time when many Muslims blindly support any guy with a beard who claims to be fighting jihad, even as such a person murders innocents and commits atrocities whith the prophet forbade during times of war. There are very few legitimate jihadists in the world and their reputation is getting tarnished by beard crazies who are being trapped by their own egos and blind support of people *who don't understand what is actually happening*. 

Use some logic. By pointing the fact that most of the illegitimate Jihadi groups are destroying Islam and Muslim countries, it does not mean that I necessarily support any western agenda, either. At the moment, there's almost no one or any organization alive who is doing much good for anyone besides themselves.


One may Argue, how many people did the Muslims kill not more than how many Muslims died, does anyone expect a person to be calm and quite when there loved ones are killed for no reason, what are we doing other than just sitting and posting stuffs, leave the ones who are not true to the cause, for our info growing beard is a Sunnah of our prophet, Allah alone knows whats in a mans mind, we are no one to finalize anyone's sincerity towards their deeds.


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