Tag: Pakistans

LAHORE - After 33 years a rare opportunity has presented itself to Pakistan to redeem its honour through prosecuting US citizen Raymond Davis, former Finance Minister Mubashar Hassan said speaking to Pakistan Today in an exclusive interview. He said that it was now up to Pakistan to avail this opportunity by denying Raymond Davis diplomatic immunity and trying him at the courts.
This shall raise our prestige amongst the nations of the world, he said. "Pakistan has developed a

KARACHI - Net foreign investment in Pakistan rose 44.3 percent to $1.18 billion in the first seven months of the fiscal year 2010/11, because of an increase in foreign portfolio investment, the central bank said on Thursday. This compared with net foreign investment worth $818.9 million in the same period last year.
Out of the total foreign investment, foreign direct investment fell 16 percent in the July and January period to $947 million, from $1.13 billion in the same period

ISLAMABAD - Environment Secretary Khawaja Muhammad Naeem has said that Pakistan's energy mix is highly dependent on oil and gas. It has to spend around $10-12 billion a year on the import of crude oil and deficit petroleum products. He stated this while addressing in a workshop on the promotion of energy conservation and safety standards in different CNG applications.
He said that Pakistan was working on policies to substitute liquid hydrocarbon fuels with natural gas in a bid a

LAHORE: Pakistan U-21 team is currently preparing at the national training field of Nong Jok (Thailand) and have completed five days of their camp training. The camp commenced on February 7 and on February 9, Pakistan put up gallant fight against Thailand U21 despite 1-2 defeat at Rajamangala National Stadium, one of the venue used for 16th Asian Cup in 2007.
The Pakistani team is in Bangkok for training camp in the build up for the Olympics Qualifiers. "Both the teams will

Pakistan's weight in Morgan Stanley Capital International (MSCI) Frontier index has increased to four percent from 3.76 percent earlier, but the likelihood that Pakistan is put up for a review for upgrade to Emerging Market in the next crucial announcement of the Annual Classification Review remains remote.
According to Imtiaz Gadar at KASB Securities Limited, MSCI has decided to exclude Trinidad and Tobago (0.8 percent weight) from the MSCI Frontier Index and the decision will

LAHORE - The Pakistan Cricket Board and Boom Boom, Pakistan's official cricket kit suppliers, have launched an impressive kit for the ICC Cricket World Cup 2011, inspired by designs submitted by amateurs and cricket fans.
It is the first time ever that the kit of a major cricketing nation has been designed with the involvement and input of cricket fans. Cricket fans and followers at PakPassion and Boom Boom's designers collaborated in designing the new kit. PakPassion carried out

LAHORE - Pakistan Football Federation's president Makhdoom Syed Faisal Saleh Hayat has asked the national team to go an extra mile to achieve glory for the country.
"Go extra mile to achieve the target. If Pakistan can outpace India in overall soccer gold medal tally of South Asian Games and Pakistan turned the tide in sensational way in both legs against Singapore in same Olympics Qualifiers four years ago, why not the present team," he said while briefing Thai-bound Pakistan

THIS WEEK - Novak Djokovic has thrown down the gauntlet to Rafael Nadal and Roger Federer for the crown of men's tennis. In an awesome, virtuoso performance at the Rod Laver Arena, Nole (as he is called) first outplayed Federer and then in a flawless performance, completely outclassed his childhood rival and friend Andy Murray.
Djokovic has been a transformed player ever since he led Serbia to the Davis Cup win against France. He has also worked hard to iron out any weaknesses in

LAHORE - No federal government ever changed Pakistan's stance on the Kashmir issue, former foreign secretary Shamshad Ahmed Khan said on Saturday. He was addressing a seminar at the Aiwan-e-Iqbal Complex to highlight the Kashmir issue and express solidarity with the Kashmiris.
Aiwan-e-Iqbal Complex Chairman and Pakistan Today Editor Arif Nizami, former member of the National Assembly (MNA) Onaza Ehsan Butt, Jamaat-e-Islami (JI) Secretary General Liaqat Baloch, Allama Shafi Josh

LAHORE - Indonesia halted Pakistan Fed Cup team's progress with a 3-0 win in the Asia-Oceania Zone Group-II tie at the outdoor hard courts of the National Tennis Centre, Nonthaburi, Thailand on Thursday. Pakistan will now face the Philippines in their last group tie today.
Pakistan, after winning the opening tie against Kyrgyzstan, were blanked by the Indonesian players. The tiredness of the opening day took its toll and the Pakistan players, particularly Ushna Suhail, failed to

COMMENT - Pakistan recorded their first ever victory over New Zealand at this venue by winning the fourth match of the six-match series by two wickets with six balls
to spare at McLean Park, Napier, Tuesday.
Pakistan's first victory at this ground came in the fifth one-day international match. It was Pakistan's smallest victory in terms of wickets against New Zealand
in New Zealand and second narrowest after one wicket win on the final ball at Multan on December 7,

KARACHI - The excruciatingly slow transfer of around $5.3 billion, pledged by the Friends of Democratic Pakistan (FoDP) in Tokyo some two year ago, has compelled Pakistan to default on loans of millions of dollars owed to multinational lending agencies.
In April 2009, the supporters of democracy in Pakistan from some 26 nation states and multinational organisations meeting in the Japanese capital, Tokyo, had assured the provision of at least $5.3 billion over the next three

KARACHI - The country's total foreign and domestic debt has increased to a record mark of Rs 10.745 trillion by September 2010, while the debt to GDP ratio surged to 73.3 percent, up from 63.4 percent in September 2009.
In September 2009, the country's combined debt stood at Rs 9.30 trillion, which rose to Rs 10.745 trillion due to the government's massive borrowings to meet its budgetary deficit. The combined debt grew by Rs 445 billion between September 2009 and September 2010.

LONDON - The UK Commonwealth Parliamentary Association delegation said they were optimistic about Pakistan's future. Meeting with a range of range of political leaders, parliamentarians and representatives from civil society in Lahore, Islamabad and Karachi, the delegation's 6-day visit to Pakistan ended the other day.
The delegation left with a greater understanding of the depths of the challenges facing Pakistan, a press statement issued by the British High Commission in

COMMENT - Pakistan have won just one and lost seven in eight limited overs international matches played at AMI Stadium, Christchurch, where they will play third match of the six-match series against New Zealand on Saturday (January 29). New Zealand, on the other hand, have a good record at this ground. They have won 26, lost 19 in 45 matches played here. Since 2000, they have won 13 and lost four. New Zealand average 30.59 runs per wicket at this venue, while Pakistan average 22.85