US
Bankruptcies, worries over power consumption fail to dent industry’s growth
In case of price rise, discretionary expenses should be cut, funds directed towards essentials
Agreement comes after jitters stemmed from Western banks
Move to help stabilise forex reserves, avert imminent default on external debt
Raises questions over credibility of figures released
Earlier, revenue board issued rules to divert taxes for paying allowances to taxmen
Says country takes debt to pay debt with no way out
At present, 20% of commercial banks have adopted Islamic banking
Former finance minister says govt clueless about factors ruining country
Currency free fall, high financing needs take debt to unprecedented highs