Tag: Hits
Domestic debt hits Rs 5.5 trillion
KARACHI - Pakistan's domestic debt hit the mark of Rs 5.50 trillion in December 2010 because of the government's borrowing policy. In September 2010, the government's domestic debt and liabilities amounted to Rs 5.191 trillion, which shot up to Rs 5.5 trillion in December 2010, showing an increase of Rs 306 billion in just three months.
On a year-on-year basis the domestic debt showed an alarming growth of Rs 1.05 trillion from December 2009 to December 2010. In December 2009,
On a year-on-year basis the domestic debt showed an alarming growth of Rs 1.05 trillion from December 2009 to December 2010. In December 2009,
Pakistan level series as Hafeez hits maiden ton
WELLINGTON - Mohammad Hafeez scored his first one-day century and Shahid Afridi blasted the equal-fastest half century in New Zealand as Pakistan levelled their one-day series against the hosts following a 43-run victory at Lancaster Park on Saturday.
New Zealand never really challenged Pakistan's imposing 293 for seven, with Martin Guptill (39), Jamie How (24) Scott Styris (46) and Kane Williamson (42) all getting starts but leaving too many runs for the lower order to overhaul
New Zealand never really challenged Pakistan's imposing 293 for seven, with Martin Guptill (39), Jamie How (24) Scott Styris (46) and Kane Williamson (42) all getting starts but leaving too many runs for the lower order to overhaul
Afridi hits third fastest 50 for Pakistan
COMMENT - Shahid Afridi equaled New Zealand's Brendon McCullum's record of the fastest half century on New Zealand soil by reaching his fifty off just 19 balls, with two fours and five sixes during his 65-run knock on Saturday. It was joint fifth fastest 50 in ODIs and third fastest by a Pakistani.
Shahid Afridi has scored both the fastest and the second fastest half centuries for Pakistan as well. Earlier, Afridi scored 50 off 18 balls against Sri Lanka at Nairobi on October 4,
Shahid Afridi has scored both the fastest and the second fastest half centuries for Pakistan as well. Earlier, Afridi scored 50 off 18 balls against Sri Lanka at Nairobi on October 4,
Nintendo 3DS hits Europe and US in March
SAN FRANCISCO - Japanese videogame titan Nintendo on Wednesday announced that the hotly anticipated glasses-free 3D version of its DS handheld gaming gadget will hit Europe and the United States in March.
Nintendo 3DS devices will be priced at $250 in the United States and at comparable prices in European markets, according to the firm. "Nintendo 3DS is a category of one -- the experience simply doesn't exist anywhere else," said Nintendo of America President Reggie Fils-Aime.
Nintendo 3DS devices will be priced at $250 in the United States and at comparable prices in European markets, according to the firm. "Nintendo 3DS is a category of one -- the experience simply doesn't exist anywhere else," said Nintendo of America President Reggie Fils-Aime.
Drone deal with US hits snags
ISLAMABAD - The proposed multi-million-dollar deal under which the US would supply about a dozen unarmed drones to Pakistan has come across serious hurdles owing to the high price quoted by Washington and the time of delivery of the pilotless planes.
Pakistan is currently engaged in negotiations with the US to acquire 10 to 12 unarmed UAVs and each aircraft's price is about $40 million. These negotiations have been going on for months now after the offer was made by US Defence
Pakistan is currently engaged in negotiations with the US to acquire 10 to 12 unarmed UAVs and each aircraft's price is about $40 million. These negotiations have been going on for months now after the offer was made by US Defence
Senator Waqar’s security car hits electricity pole
LAHORE - A private car reserved for security of Privatisation Minister Senator Waqar Ahmad Khan's children collided with a pole due to speeding leaving three people, including an official of the Elite Force, injured near the Mall Road Underpass on Monday morning.The car was also badly damaged in the incident.
The injured included the car driver, a private security guard and an official of the Elite Force. They were shifted to the Services Hospital where their condition is stated
The injured included the car driver, a private security guard and an official of the Elite Force. They were shifted to the Services Hospital where their condition is stated
Cani hits wonder goal for victorious Villarreal
BARCELONA - A spectacular lob from the half-way line by Ruben Cani helped Villarreal to a 4-2 victory over Osasuna on Saturday which kept them in third place in La Liga and maintained their push for a place in Europe. Villarreal went into the game with several important players missing but Marco Ruben took advantage of a rare start with the opening goal.
Osasuna drew level from a corner with Krisztian Vadocz heading home but they were soon behind again when Cani spotted keeper
Osasuna drew level from a corner with Krisztian Vadocz heading home but they were soon behind again when Cani spotted keeper
Sri Lanka floods toll hits 18
COLOMBO - At least 18 people have died and nearly one million have been made homeless by flooding in Sri Lanka after days of heavy rains, officials said Wednesday. Central and eastern regions of the island have been worst hit by the monsoon rains, with frequent mudslides and rising water levels. Continuing bad weather forced President Mahinda Rajapakse to abandon a tour of flood-affected areas.
Many schools remained shut with the military deployed to rescue marooned villages and
Many schools remained shut with the military deployed to rescue marooned villages and
Easy win for England as Bell hits ton
CANBERRA - Ian Bell's sparkling tour Down Under continued on Monday as he scored an unbeaten century to guide England to a seven-wicket win over the Australian Prime Minister's XI in a one-day match. Chasing 223 to win in the rain-affected match, Bell blasted 13 fours and a towering six as he reached 124 from just 102 balls.
He also scored a century in the final Ashes Test last week, which England won to beat Australia 3-1. The PM's XI traditionally gives fringe Australian
He also scored a century in the final Ashes Test last week, which England won to beat Australia 3-1. The PM's XI traditionally gives fringe Australian
KSE-100 index hits 30-month high of 12,389.04 points
KARACHI - Friday saw the Karachi Stocks Exchange (KSE) hitting the 30-month high of 12,389.04 points due to what analysts believe an ease in political uncertainty after the incumbent government responded positively to the popular demand for withdrawing the recent oil price hike.
On the last day of the week, the KSE-100 benchmark witnessed an upsurge of 72.95 points or 0.61 percent as compared to Thursdays' 12,323.47 points with the intra-day high and low standing, respectively at
On the last day of the week, the KSE-100 benchmark witnessed an upsurge of 72.95 points or 0.61 percent as compared to Thursdays' 12,323.47 points with the intra-day high and low standing, respectively at
Blatter hits out at ‘jealousy’
DOHA - Sepp Blatter on Thursday hit out at what he called the "envy and jealousy" of FIFA's success and vowed football's powerful world governing body would not bow to criticism.
FIFA and its 74-year-old president, who is expected to stand for re-election in May, came under heavy fire last year over alleged corruption.
It also faced condemnation by some for awarding the 2018 World Cup to Russia and the 2022 event to Qatar amid claims that the voting system of world
FIFA and its 74-year-old president, who is expected to stand for re-election in May, came under heavy fire last year over alleged corruption.
It also faced condemnation by some for awarding the 2018 World Cup to Russia and the 2022 event to Qatar amid claims that the voting system of world
Three killed as IED hits vehicle
SATAFF REPORT - Three tribesmen were killed when an Improvise Explosive Devise (IED) hit a vehicle in South Waziristan Agency on Wednesday.
Reportedly, a vehicle was passing through a link road on Shakai Road when it was hit by an IED which was planted by some unknown saboteurs. Three people were killed in the incident.
First ever agreement between the government and militants through former Corps Commander Lt Gen (Retd) Safdar Hussain and commander Nek Mohammad was signed
Reportedly, a vehicle was passing through a link road on Shakai Road when it was hit by an IED which was planted by some unknown saboteurs. Three people were killed in the incident.
First ever agreement between the government and militants through former Corps Commander Lt Gen (Retd) Safdar Hussain and commander Nek Mohammad was signed
‘Hyperinflation’ on the cards as govt borrowing hits new high
KARACHI - Government budgetary borrowings from the banking system have continued to balloon as it has touched 104.2 percent during first half of the current fiscal year despite analysts' fears that the country is inching towards an unprecedented hyperinflation. The funds-starved governments, both federal and provincial, borrowed Rs 439.259 billion from the central and other scheduled banks during July-Dec 2010-11 against Rs 215.053 billion in the last corresponding period.
A
A
Copper hits record high
LONDON - Commodity markets were set to end 2010 with a second year of gains, with copper powering to record highs and oil heading for its eighth rise in nine years, while investors prepared for the rally to continue into 2011. The precious metals complex has had a stellar run this year, led by palladium's 94 percent rise, in a broad commodities rally that pushed the 19-commodity CRB index up 15 percent in a second consecutive year of gains. The uncertainty over the US economy this
Rain fails to dampen celebrations – New Year fever hits Lahoris
LAHORE - Light drizzle has left the city with a dreary, somber mood. Mist hangs low and sometimes not even the dark outline of trees is visible. But the bleak winter weather has not been able to replace the excitement of New Years' eve. Almost everyone has something planned out for the night. Whether it is dance parties or family reunions, people in Lahore are ready to say goodbye to the last night of 2010, filled with hope and excitement. Event managing businesses are flourishing and
Legal threat hits Blackburn’s new Indian owners
MUMBAI - The new owners of English Premier League side Blackburn Rovers, Indian poultry firm Venky's, are facing a claim for more than five million dollars for allegedly reneging on a proposed joint venture deal. Mumbai-based businessman Saurin Shah told AFP he had issued a legal notice to the firm over a proposed tie-up for the Blackburn bid between Venky's and his investment firm, Qubic Group.
The notice alleged that Venky's, which completed the deal in November for 23 million
The notice alleged that Venky's, which completed the deal in November for 23 million
Dual taxation hits mutual funds growth
JAVED MAHMOOD: The dual collection of the Capital Gains Tax from the investors of the mutual funds was not only discouraging the growth of this sector, but also keeping investors away.
The government is collecting CGT at the time of the sale/purchase of the units of the mutual funds and this tax is deducted again from the profit of the investors. This was an injustice to investors and whole the sector, CEO/Managing Director Pak-Oman Asset Management Company Hina Ghazanfar told
The government is collecting CGT at the time of the sale/purchase of the units of the mutual funds and this tax is deducted again from the profit of the investors. This was an injustice to investors and whole the sector, CEO/Managing Director Pak-Oman Asset Management Company Hina Ghazanfar told
