Tag: Fall

ISLAMABAD - The government on Monday questioned the credibility of Leader of the Opposition in the National Assembly Nisar Ali Khan for not checking the facts before going public regarding President Asif Ali Zardari's letter to him. The letter had been delivered at Nisar's residence a day before he told a press conference that he had not received any such letter. President Asif Ali Zardari's letter addressed to the leader of opposition in the National Assembly was delivered by a

The guard signed the receipt No 20(201)/Dir(A-II)/2011 dated March 11 2011, at 11:40pm," a press release issued by the Prime Minister's office said, along with a scanned copy of the receipt duly signed by the official guard. Later, Nisar admitted receiving the receipt but claimed he had received the letter on March 14 and not on March 11, leaving a huge question as to which party was misleading the nation. "Yes, I have received the letter today which is [written] in English language

KARACHI - Auto sales have registered a monthly nine percent decline in February 2011. This slump is triggered by the high base effect as buyers are looking to purchase cheaper imported cars after the government relaxed import and depreciation policies.
According to the data released by Pakistan Automotive Manufacturers Association (PAMA) for the month of Feb'11, auto sales fell by a monthly nine percent, while it augmented an annual six percent and reached 12,248 units. A

KARACHI - This week again the country's foreign exchange reserves sustained a declining trajectory and shrank by $135 million to $17.370 billion during the week ending on March 5. The previous week that ended on February 19 also saw the country's dollar reserves decreasing by 0.48 percent to $17.505 billion after hitting the historic high of $17.589 billion in the preceding week.
According to State Bank of Pakistan, during the week under review, total liquid foreign reserves of

KARACHI - At least five people, including a policeman, were gunned down by unidentified armed persons on Thursday in a fresh wave of violence in the metropolis. Two neighbours, one of them a police officer, were shot dead by unidentified armed men riding a motorcycle while they were sitting inside the parking area of the Sindh Government Qatar Hospital (SGQH) in the Orangi Town.
The deceased identified as Muhammad Saleem, 38, son of Abdul Majeed, and Abdul Rashid Khan, 29, son of

KARACHI - The country's foreign exchange reserves underwent a slender decline of $84.5 million and reached $17.505 billion during the week ending on February 26. The 0.48 percent slump was seen after the country's most-needed dollar reserves hit a historic high of $17.589 billion on the back of, what the central bank said, soaring inflow of the greenback under worker remittances and exports.
Pakistan's dollar reserves had also climbed to a record $17.447 billion in the week

ISLAMABAD - Federal Law Minister Babar Awan on Monday said the Pakistan People's Party (PPP) would not let the provincial government fall and derailment of democracy in the Punjab, if Nawaz Sharif realised the mistake of indulging in horse-trading and get rid of his advisors promoting floor-crossing in the province. "People make mistakes and if they realise their mistakes, they should be forgiven.
If Nawaz Sharif realising the mistake gets rid of his advisors involved in

ISLAMABAD - The Palm oil imports into the country during January 2011 decreased by 12.60 percent as compared to the imports of December 2010. However, as compared to the imports of the January last year, the palm oil imports increased by 64.13 percent during the month under review, Federal Bureau of Statistics (FBS) reported. The palm oil imports into the country were recorded at $165.282 million in January 2011 against the imports of $189.109 million in December 2010 and $100.703

KARACHI - Political committees failed to make any tangible progress on the economic reforms agenda and a further delay in announcement of PPP's strategy to address pressure by PML-N has continued to hurt investor sentiment. Following yesterday's $3.1 million outflow, foreign funds were rumoured sellers.
Local investors also remained bearish, as deteriorating internal and external political situation took its toll on the investors. The KSE-100 index, with a loss of 125.96 points,

LAHORE - Vegetable prices fell while fruit prices remained stable at various Sunday bazaars. Vendors benefited from the decrease in vegetable prices while high demand of chicken increased its prices. Sales of vegetables doubled due to decrease in their prices.
"I used to sell around 50 kilogrammes onions at Sunday bazaars but this week, sales crossed 70 kilogrammes. Similarly, sales of ginger, garlic, tomatoes and potatoes were 20 percent high compared to other weeks," Vegetable

CAIRO - Egypt's new military leadership on Saturday vowed to pave the way for democracy and abide by international treaties as the hopeful country celebrated victory on the day after Hosni Mubarak's overthrow. The Supreme Council of the Armed Forces said the current government would remain in place for a peaceful transition to "an elected civil authority to build a free democratic state," though it set no official timetable.
The streets and squares of downtown Cairo were in the

TEHRAN - Iran on Saturday revelled in US discomfiture at the loss of veteran ally Hosni Mubarak and pointedly ignored parallels, bluntly drawn by Washington, between the protest movements in Cairo and Tehran.
Iranian officials trumpeted the fact that the veteran Egyptian strongman's shock resignation after 18 straight days of protests came on February 11 -- the same day as the 1979 Islamic revolution which overthrew the US-backed shah. And disregarding US accusations of

HUNZA - Water level in Attabad Lake, at Gojal valley, has started receding at about 7 inches per hour after Frontier Works Organization (FWO)'s detonation of the blocked spillway of Hunza river. Water has gone down by around 3.5 feet since opening of the spillway on Sunday.
A scale has been fixed near the lake to measure water level. Lower parts of the Gojal valley were dammed because of blockade of the river, as a result of Attabad landslide disaster that killed 19 persons

LAHORE - Vegetable and fruit prices decreased for the second consecutive week at the city's Sunday bazaars. Almost all vegetable prices including garlic, ginger, tomatoes, peas, apples, bananas and guavas came down while onion prices also fell owing to a ban on exporting the commodity to India.
Both customers and vendors expressed joy on the reduction in prices. Vendors said that sales had increased by 15 to 20 percent because of low prices."When vegetable prices were high,

LAHORE - There has been no respite for CNG users despite a significant decrease in gas consumption and improvement in gas production, Pakistan Today has learnt. Talks between the Petroleum and Natural Resources Ministry and the All Pakistan CNG Association (APCNGA) also failed and two-day CNG weekly closure would continue until third week of February.
CNG stations remained closed in the city on Monday and would remain the same today (Tuesday). According to sources in the Sui

LAHORE - Sunday was a good for the citizens, because fruit and vegetable prices declined, and for the Sunday bazaars' administrations, because public complaints reduced. The prices of onion, ginger, garlic, tomatoes and chicken decreased by around Rs 5 to 15 per Kg.
"Onion and garlic prices had gone out of control, making difficult for us to manage the budget. The price reduction shows that the government could control prices if and when it wanted to," said a housewife, Rabia

CENTURION - Yusuf Pathan's blistering century proved in vain for India as South Africa won the fifth and decisive one-day international by 33 runs on Sunday to take the series 3-2. Morne Morkel bagged four wickets and Dale Steyn and Lonwabo Tsotsobe two apiece for the hosts who dismissed India for 234.
India had been set a Duckworth/Lewis revised target of 268 to win in 46 overs following a rain delay. India were in desperate trouble at 119 for eight before Pathan resurrected