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Call to enhance SME lending

KARACHI: Small and Medium Enterprises (SMEs) are getting only 5.5 percent out of the total loans issue by the banks which must be intensified for the sake of national development, a business leader said Monday. SMEs must get 30 percent of the bank advances as over 90 percent businesses falls [...]

Farmers’ problems

FOR the last few weeks farmers under the banner of Muttahida Kissan Mahaz have been protesting on the streets of Lahore against the step-motherly attitude of the government towards their problems. Their demands, among other things, included the fixing of support prices of wheat, rice and cotton and decreasing the [...]

Don’t go about replicating a hedge fund strategy

EVERYONE seems to be talking about this paper by Mikhail Tupitsyn and Paul Lajbcygier of Monash University in Australia. The paper is about hedge funds. Gawker writer Hamilton Nolan and Vox writer Matt Yglesias both say that the upshot of the paper is that hedge funds are a scam. What [...]

Crowd financing lights a new path

THE success of digitised crowd financing heralds the start of a new age, with an active global citizenry gaining voice and influence that the current set of power wielders in the world may find hard to ignore. Crowd financing is the mode of funding a project or venture through monetary [...]

Sharapova pulls out of US Open due to injury

NEW YORK: Maria Sharapova, winner of five grand slam events, has pulled out of the US Open tennis championships due to a leg injury, the Russian said. Sharapova, 28, has not played a match since losing to Serena Williams in the Wimbledon semi-finals in July and withdrew from hardcourt tournaments [...]