Travel and tourism not only a growing industry to have an economic look at, but also a best thing to consider when the workloads and professional duties have squeezed all your energies. This is the best time to search for some place to have outing, and according to experts it’s crucial to leave your dwelling for at least two days in a year, and should go out of city even. This is what a general overview about travel, but specifically there are many things associated with travels, like travel insurance over 70, tourism management, and even the whole hospitality industry is a matter of great concern, from finding employment opportunities to having your own business in it.
Well, today, I won’t talk more about the hospitality industry and the economy, instead just to draw readers attention towards some beautiful and worth visiting places in Pakistan. Almost the whole of north is blessed with remarkable heart touching places exhibiting natural beauty. I myself belong to Rawalakot, Azad Kashmir, and have seen a major part of it. Placing a snapshot here.
April 17 (Bloomberg) -- Pakistan won pledges for $5.28 billion in aid from more than 20 countries to help shore up an ailing economy and combat al-Qaeda and Taliban militants along its border with Afghanistan.
“Today’s commitment will enhance Pakistan’s capacity to fight terrorism and give us an ability to strengthen civic institutions that have weakened over the years,” Pakistani Foreign Minister Shah Mahmood Qureshi said after a donor conference in Tokyo today. “We will use force whenever required but we have to reach out to the people, give them development and cater to their social needs.”
While the aid is welcome, “it all boils down to how effectively the government is going to spend it,” said Habib ur-Rehman, chief executive officer of Atlas Asset Management in Karachi. The year-old civilian government led by President Asif Ali Zardari has “not been very effective so far” in solving problems of weak governance and a slumping economy, he said, noting it has been embroiled in months of political infighting.
“This government is not clean,” said Syed Adil Gilani, chairman of the Pakistan chapter of Transparency International, an anti-corruption lobby group. “We want to see what conditions and monitoring the donors will apply to ensure that the money is used for the purpose given.” Transparency International’s annual index lists Pakistan as the 46th most corrupt country of 180 surveyed.
‘Crucial Moment’
The funds, to be spread over two years, will help the South Asian nation at a “crucial moment,” Japan’s Prime Minister Taro Aso said. Donor nations ranging from the U.S. to Iran, Saudi Arabia and China also reaffirmed commitments of more than $15 billion for projects to reduce poverty and boost growth.
Pakistan used the conference to rally support after terrorist attacks killed an average of 84 people a month so far this year including an ambush of Sri Lanka’s national cricket team. The government was seeking about $6 billion to reduce its dependence on the International Monetary Fund, which provided a $7.6 billion bailout in November.
“Pakistan desperately needs these funds to overcome its budgetary gap and support development projects which will help curb poverty,” said Zainab Jabbar, chief economist at IGI Securities Ltd. in Karachi.
The economy is forecast to expand 2.5 percent in the 12 months ending June 30, the slowest pace in eight years, after growing at an average annual pace of 5.8 percent since 2002. Economic growth will start picking up from July to an average annual rate of more than six percent over the next five years, the government has said.
Biggest Donors
The biggest donors today were the U.S. and Japan, which gave $1 billion each, and Saudi Arabia with $700 million, said World Bank Vice President Isabel Guerrero. While no specific conditions are attached to the aid, the IMF will make regular visits to Pakistan to monitor economic progress.
“The money will serve different purposes but most importantly it will shield the poor from the shocks of the global economic recession,” she said. The bank co-hosted the donor conference with Japan
Whether you are just dabbling in Forex or doing full-blown Forex trading, it is vital that you stay on top of Forex news. In fact, some day traders say that following news around the world can be somewhat addicting. With globalization in the news nearly every day, it seems there is always something of interest going on.
Financial News
Here are a few interesting examples of recent Forex news stories that FX day traders found interesting. Forex currencies are always traded in pairs, so stories refer to two different currencies. These Forex news stories directly relate to currency and finance.
-A recent story reported that retail traders had just tipped to a net short positioning on the same day that the British pound gained a 200 point plus rally.
-Forex traders watch the U.S. housing slump very carefully, gauging the market for mortgage futures.
-When the U.S. Fed made its recent rate cut, one Forex news service reported that expectations for the U.S. Dollar were “falling like a rock.”
Open a forex account and enjoy a 24hr Forex Trading experience. Currencies are traded 24 hours a day, from Sunday afternoon EST* (Eastern Standard Time) to Friday afternoon EST. Through this 5+ day week of market activity, there is always at least one financial center open for business. Indeed, as some markets close for the night, others open somewhere else on the planet. Since forex trading hours overlap, currencies are being traded continuously. In other words, forex practically never stops.
Traders new to the world of foreign exchange tend to think that since the market is open 24 hours a day, they may trade whenever they choose during the day. Although this preconceived idea is actually true, it needs to be clarified. Indeed when it comes to forex trading hours, some hours present better opportunities than others. By better opportunities, we mean of course potentially greater profit. So what are the most suitable forex trading hours and why?
Usually, the best time to enter forex markets is when large volumes of currencies are traded. At those hours, traders can take full advantage of forex benefits. Since the forex market is traded 24 hours a day, the best time to enter is when several countries are trading at the same time. In each time zone across the world, forex markets operate from 8 am to 4 pm. So, to take advantage of heavy trading volume, the best is to look at when forex market hours in different countries overlap. Those hours are usually the time when the forex market is the most active and has thus the largest volume of trades and the biggest pip movements
