Tag: Down
State Bank policy rate same, inflation down
KARACHI/LAHORE - Warning against complacency, the State Bank of Pakistan (SBP) on Saturday decided to keep the policy rate unchanged at 14 percent on the back of favourable external accounts and relatively disciplined government borrowings from the central bank.
According to the central bank, inflation in Pakistan had come down year-on-year from 15.5 percent in December 2010 to 12.9 percent in February 2011. The central bank, however, noted that inflation persistence in the
According to the central bank, inflation in Pakistan had come down year-on-year from 15.5 percent in December 2010 to 12.9 percent in February 2011. The central bank, however, noted that inflation persistence in the
HEY KULDIP, CAN I HAVE A WORD? – ‘Let us sit...
LAHORE
Xari Jalil
Kuldip Nayar's first impression is that of a friendly man, somewhat absent minded, and maybe slightly impatient to get things organised around him as soon as possible. He is a well-built man of Punjabi descent (Sialkot to be specific), very sturdy for a man in his late eighties (he was born in 1923); wisdom and experience are stamped onto his face and eyes, which in their brilliance can only be superficially 'hidden' behind thick black rimmed glasses, and a
Xari Jalil
Kuldip Nayar's first impression is that of a friendly man, somewhat absent minded, and maybe slightly impatient to get things organised around him as soon as possible. He is a well-built man of Punjabi descent (Sialkot to be specific), very sturdy for a man in his late eighties (he was born in 1923); wisdom and experience are stamped onto his face and eyes, which in their brilliance can only be superficially 'hidden' behind thick black rimmed glasses, and a
Pakistani stocks end down; rupee firms
KARACHI - Thin trade and cautious investors pushed Pakistani stocks down on Friday as traders awaited the monetary policy announcement, due the next day, dealers said.
Analysts expect the State Bank of Pakistan (SBP) to leave the key policy rate unchanged at 14 percent in its monetary policy for the subsequent two months.
The Karachi Stock Exchange (KSE) benchmark 100-share index ended 0.10 percent, or 11.33 points, lower at 11,552.92 on turnover of 66.39 million shares.
Analysts expect the State Bank of Pakistan (SBP) to leave the key policy rate unchanged at 14 percent in its monetary policy for the subsequent two months.
The Karachi Stock Exchange (KSE) benchmark 100-share index ended 0.10 percent, or 11.33 points, lower at 11,552.92 on turnover of 66.39 million shares.
Yemen leader willing to step down
SANAA - Yemen's President Ali Abdullah Saleh told thousands of supporters in Sanaa on Friday that he was prepared to hand over power to save bloodshed but only to what he described as "safe hands".
"We don't want power, but we need to hand power over to safe hands, not to sick, resentful or corrupt hands ... We are ready to leave power but only for safe hands," Saleh said in the speech, which came as tens of thousands of his opponents protested in another part of the capital.
"We don't want power, but we need to hand power over to safe hands, not to sick, resentful or corrupt hands ... We are ready to leave power but only for safe hands," Saleh said in the speech, which came as tens of thousands of his opponents protested in another part of the capital.
Taliban shut down cell phones in Afghan province
KABUL - All mobile phone services in a southern Afghan province whose capital will be among the first towns to be placed under local control have been shut down on Taliban orders, an operator said on Thursday. The move underscores the power still wielded by the insurgents in Helmand, Afghanistan's largest province and the heartland of the global opium trade, as NATO prepares to hand over control of its capital Lashkar Gar this summer. MTN, one of Afghanistan's four mobile phone
New taxes fail to scale down govt borrowing
KARACHI - The cash-strapped government, despite opening additional revenue channels through imposing a special excise duty and flood surcharge on payable taxes, is continuing to draw upon the banking system for meeting its still heavy budgetary expenditures. The embattled coalition government eyes the realisation of an additional collection of at least Rs 51 billion thorough levying the IMF-backed 15 percent flood surcharge and 2.5 percent special excise duty on the import of luxury
Pakistan go down as India strike late
LAHORE - India struck three late goals in the second half to beat Pakistan 3-1 in the fourth AFC Challenge Cup Qualifiers Group B match on Wednesday at MBJP Stadium, Petaling Jaya, Malaysia. Pakistan led 1-0 lead until the 67th minute but conceded three goals in the last 23 minutes. India dominating the early proceedings and in the fifth minute, nice exchange of passes between Jagpreet Singh and Steven Dias saw Sunil Chhettri get past his marker but his attempt deflected for a corner.
Two brothers gunned down over old enmity
HAFIZABAD - The two brothers of an army officer and sons of a retired army employee were shot dead over an old enmity. Reportedly, two brothers Muhammad Akmal and Tajammul Hussain, residents of village Rabar Tarar, were going to their village after purchasing medicines for their mother from Hafizabad. On their way, six attackers Hasnain, Ali Raza, Ghulam Hussain, Fazal, Shahbaz and Maqsood opened fire and killed them instantly. DEMO AGAINST TMA: The citizens took out a rally to
Cable operators close down operations
ISLAMABAD/LAHORE - The cable operators across the country on Saturday went on strike for a 24-hour strike against the reported confiscation of their equipments by different teams of Pakistan Electronic Media Regulatory Authority (PEMRA) in different parts of the country.
All the operators shut their operations in Rawalpindi, Islamabad, Karachi, Lahore, Faisalabad, Sukkur, Multan, Peshawar, Quetta and other areas. However, there were reports that some cable operators in small
All the operators shut their operations in Rawalpindi, Islamabad, Karachi, Lahore, Faisalabad, Sukkur, Multan, Peshawar, Quetta and other areas. However, there were reports that some cable operators in small
Three gunned down in as many incidents
KASUR - At least three people were killed in separate incidents in the Chunian and Pattoki areas. In the first incident, unidentified people shot a labourer Nazir Ahmed dead when he was going to village Chah Alamwala. In the second incident, Arshad was going home when some dacoits intercepted him and snatched cash and a mobile phone from him. As he resisted the robbery, they shot him dead. In the third incident, a man was killed in Pattoki over an old enimity. Khalid Mayo was going to
Ruthless Proteas hunt down Tigers
DHAKA - Bangladesh's slender hopes of reaching the quarter-finals of the World Cup they are co-hosting were crushed mercilessly by South Africa on Saturday with a 206-run Group B defeat.
The result means South Africa will top the group and should have the easiest -- on paper -- draw of the qualifiers in the last eight against the fourth-placed Group A side.
It also ensured that India, England and the West Indies will progress to the knockout stage although the order in
The result means South Africa will top the group and should have the easiest -- on paper -- draw of the qualifiers in the last eight against the fourth-placed Group A side.
It also ensured that India, England and the West Indies will progress to the knockout stage although the order in
Man guns down brother over property dispute
LAHORE - A man, Shahid, shot down his brother, Zahid, and injured father Nazir Ahmad and neighbor Bashir Ahmad, over a property dispute in Samanabad police precincts on Friday. The Samanabad police duty officer said both brothers exchanged harsh words and took out weapons. Bashir intervened to solve the matter but failed. The brothers opened fire on each other; Zahid died instantly while Shahid, Nazir and Bashir were injured. Police said that no case had been registered against any
Bahrainis bury dead, as govt tears down democracy statue
MANAMA - Bahrain on Friday demolished a monument at the capital's Pearl Square which had come to symbolise the kingdom's pro-democracy movement, as thousands of Bahrainis buried an activist killed in a crackdown on mainly Shia protesters that has angered Iran and raised tension in the world's largest oil-exporting region.
Mourners carrying pictures of activist Ahmed Farhan, killed on Wednesday, followed a car carrying his flag-covered coffin. No security forces were present, but
Mourners carrying pictures of activist Ahmed Farhan, killed on Wednesday, followed a car carrying his flag-covered coffin. No security forces were present, but
FAP shuts down Port Qasim’s grain cargo terminal
KARACHI - The country's first dedicated Fertilizer and Grain Terminal (FGT) at the Port Qasim was locked down for an indefinite period on Wednesday, after dozens of workers were injured in a violent mob attack the previous day.
Cargo handling at the state-of-the-art terminal was suspended as hundreds of 'employees of stevedoring companies' entered the terminal premises and started beating up the on-duty labourers while trying to ransack cargo-handling equipment at the facility.
Cargo handling at the state-of-the-art terminal was suspended as hundreds of 'employees of stevedoring companies' entered the terminal premises and started beating up the on-duty labourers while trying to ransack cargo-handling equipment at the facility.
FAP shuts down $135 million grain terminal
KARACHI - The country's first state-of-the-art fertiliser, grain and storage terminal has been shut down for an indefinite period at Port Qasim. The dedicated Fertiliser and Grain Terminal (FGT) was recently developed on BOT basis by a joint investment venture comprising Fauji Akbar Portia (FAP), Fauji Foundation and National Bank of Pakistan at a cost of $135 million (Rs 10 billion) at Port Qasim and was inaugurated by Prime Minister Yousuf Raza Gilani in October 2010.
The
The
Germany shuts down seven reactors after Japanese tragedy
BERLIN/TOKYO/SENDAI - Germany announced on Tuesday the temporary shutdown of its seven oldest nuclear reactors while it conducts a safety probe in light of Japan's atomic emergency. "We are launching a safety review of all nuclear reactors ... with all reactors in operation since before the end of 1980 set to be idled for the period of the (three-month) moratorium," Chancellor Angela Merkel said.
This covers seven of the 17 reactors in Germany, which decided a decade ago to be
This covers seven of the 17 reactors in Germany, which decided a decade ago to be
Property dealer gunned down over old enmity
SIALKOT - A local property dealer, Tariq Mehmood, was gunned down by his rivals over an old enmity in village Jodehywali here. Reportedly, he was sitting in his office when his rivals, Naveed an d others, opened fire, killing him on the spot. After committing the murder, the accused fled away by firing in the air. The deceased was the father of three minor children.
'IMF POLICIES BEHIND ALL CRISES': The skyrocketing price hike, uncontrolled unemployment, poverty and lawlessness
'IMF POLICIES BEHIND ALL CRISES': The skyrocketing price hike, uncontrolled unemployment, poverty and lawlessness
