Tag: Loses

DHAKA - Bangladesh's Nobel-winning Muhammad Yunus lost a final appeal against his sacking from the pioneering microfinance bank he built into an empire for helping the poor. "The appeal has been dismissed by the Supreme Court," Tamin Husain Shawan said, adding that the decision, made by the full seven-member Supreme Court bench of judges, was unanimous.
The central bank, which is nominally independent from the government, removed Yunus on March 2 on the grounds that he had failed

ISLAMABAD - Federal Minister for Inter- Provincial Coordination and Chairman of Implementation Commission on 18th Amendment, Mian Raza Rabbani on Monday lost his temper while defending devolution of Higher Education Commission (HEC) to provinces. During the question-hour session in Senate, he threw his notes on the table, while responding to questions raised by senators including Azam Swati, Dr Khalid
Mahmood Soomro, Wasim Sajjad,Javid Ali Shah, Haji Adil and former education

LAHORE - The Lahore Stock Exchange (LSE) remained range bound and closed in red zone with a stagnant volume on Friday. The LSE 25-shares lost 4.89 points to close at 3,236.69 against its opening at 3,241.58 levels. Out of total 107 active scrips, 34 went up, 20 went down and 53 closed without any change in their opening values.
The volume of the market remained 2.26 million shares, which was 0.2 million shares less than Thursday's turnover of 2.46 million shares. Lotte Pakistan

KARACHI - The oil industry structure seems to have shifted in favour of small players, as PSO's overall market share stands at 65 percent in February, 2011, down from 71 percent in the same period last year. This decline was impelled by Furance Oil (FO), as PSO's market share in FO shrunk to 78 percent. Adjusted for FO - PSO's market share dwindled by a meager one percent to 54 percent, while comparably, Attock Petroleum Limited (APL) and Shell Pakistan gained market share in the

KARACHI - The local bourse was in doldrums, dwindling 818 points this week, as the index closed at around 11,223 points with an average weekly volume of 98 million shares. Investors were unwilling to invest and stayed cautious. The index closed at the lowest level of 11,223 points in the year. Foreign investors continued to off-load their investments, amounting to $5.47 million -dampening the already low sentiment.
Furthermore, the geo-political situation remained a crucial

LAHORE - Ushna Suhail lost in the doubles semifinal in Grade 4 ITF U18 tennis tournament in Kenya. She was partnering with Nikita Dawda of Kenya. The Pak-Kenyan pair were playing against Mayar Sherif of Egypt and Alice Matteuci of Italy, who defeated them 6-2, 6-3.
The match started with both sides winning two games each. But then the Pak-Kenyan pair could not hold their serve, committing unforced errors to lose 6-2. In the second set, the Pak- Kenyan pair tried to fight back but

TOBRUK - Moamer Gaddafi's regime has lost vast swathes of Libya's east to an insurrection, it emerged on Wednesday, as the West prepared for a mass exodus from a "bloodbath" in the north African country.
As condemnation of the brutal crackdown grew and foreigners fled the oil-rich country, Gaddafi appeared to be increasingly isolated after reports that hundreds of civilians were killed in the backlash by his forces.
Gaddafi opponents appeared firmly in control of Libya's

KARACHI - Within the current week, the index shed over 472 points or 3.8 percent with an average volume of 95.45 million shares. It is worth mentioning that the index touched a high of 12,682 points on Jan 17, 2011 with year to date highest volume of 316 million shares during the preceding month. Average daily volumes were strongly affected in the current week volume as year to date average volume decline by 11 million to 150 million shares.
The foreign investment inflow of

KARACHI: The US threat to break off diplomatic ties over the ongoing diplomat case caused the bourse to plummet after Friday prayers, despite having commenced on a positive note after the four day consecutive bear run, and lost 244 points.
The negative trend was further amplified by rumors of the possibility that Moody's could downgrade Pakistan's rating due to its ballooning fiscal deficit. The bourse closed at 11,943 points. The market crash was resisted by only a few

Pakistan State Oil (PSO) market share has shrunk to 66.3 percent during the first half of Financial Year 2011 (FY11) against its share of 71 percent during the corresponding period last year. Total volumes declined by 10 percent in annual terms whilst industry witnesses growth of 1.3 percent annually for the second quarter of FY11.
Moreover, the management's lack of confidence in an immediate resolution on circular debt has hurt investor sentiment, particularly given hopes for

KARACHI - Despite Zakat and Ushr having been devolved to the provinces under the 18th Constitutional Amendment, the federal government has refused to transfer at least Rs6.5 billion to the provinces, Pakistan Today has learnt.
Sources told Pakistan Today that the funds are currently available with the Ministry of Finance, but the federal authorities have turned down all efforts by the provinces on the pretexts of economic crisis and shortage of funds. Of the funds, Sindh stands

KARACHI - Activity at the local bourse remained subdued and the benchmark index closed in red zone. PPL's healthy growth in the first half of the Financial Year 2011 could not force an upward momentum, as majority of the bellwether scrips in oil and gas sector exhibited profit taking.
The KSE-100 index closed at 12370.59 points following a loss of 61.32 points. The total volume stood at 94,741,196, while the total value was 4,709,009,357.
The monetary policy announcement on

LOS ANGELES - A revamped "American Idol" dominated U.S. television on its first outing but lost millions of viewers despite the addition of celebrity judges Jennifer Lopez and Steven Tyler.
Some 26.1 million Americans tuned in for the 10th season premiere of the singing contest, down 13 percent on last year's opening show when nearly 30 million watched, according to Nielsen ratings data on Thursday.
The numbers still crushed all other programing on Wednesday night. But after

KARACHI: Upward journey of the Karachi Stock Exchange hit a halt as few fund managers preferred to offload their stocks in the market, while a large number of investors remained absent which dented the overall volumes.
Index moved marginally upwards by 23 points to 11,848, making the resistance at 11,800 levels quite visible, and keeping the investors waiting for 12k level. The KSE 100 index closed at 11848.62, with a gain of 23.56 points, while KSE 30 index accumulated 7.75

Carly Simon has lost the latest round in her long-running legal battle with coffee shop giant Starbucks over her album, 'Never Been Gone'. The veteran singer sued Starbucks bosses last year after they axed a distribution deal with record company 'Hear Music' just five days before the label was due to release her new disc.
Simon argued she should have been informed the agreement was being wound down because it would have a huge impact on the marketing and sales of her album. In

KARACHI: Oil consumption in November has dwindled six percent annually and 19 percent monthly; primarily led by an annual eight percent and 33 percent monthly fall in furnace oil (FO) sales. In addition, fewer working days in November and abnormally high sales in the preceding month have caused the sequential decline. PSO and APL sales slumped by a monthly 22 percent and 24 percent respectively, while volume of SHEL was three percent less than last month's figure.
However,

LAHORE: An accountability court on Thursday summoned former director Haj Maj (r) Rao Shakeel Ahmad for December 20, during the hearing of an application filed by National Accountability Bureau (NAB), seeking
the cancellation of his exemption from appearing in court.
Earlier, court had exempted Rao Shakeel Ahmad from appearing in court during the trials of a reference filed against him as he was serving as DCO Khaniwal and he had to participate in several meetings in this