Tag: Recovery

Friday saw a bullish trend in trading activity at the volume-starved Karachi Stock Exchange on expectations of ‘favorable’ announcements in the forthcoming State Bank’s...

Punjab Chief Minister Shahbaz Sharif on Tuesday ordered recovery of Arshad Ali, who was abducted from Chak Number 2-D, Okara six month ago, within...

The bourse witnessed yet another range bound session with better than expected corporate results providing late session stimulus to the market and after mild...

TOKYO - Tokyo intends to bid for the 2020 Summer Olympics as a "big catalyst" for Japan's recovery from last month's quake-tsunami disaster. Shintaro Ishihara was set to win a fourth term as Tokyo governor in local elections across the country which focused on ways to revive Japan after a 9.0-magnitude quake and monster tsunami ravaged its Pacific coast.
In late 2009, Tokyo lost out to Rio de Janeiro in the race for the 2016 Summer Olympics after spending some 15 billion yen (176

MANILA - Some of Asia's emerging economies are showing signs of overheating, underscoring the need for further policy tightening and more flexible foreign exchange rates to tackle growing inflationary pressures, the Asian Development Bank said on Wednesday. Developing Asia, a diverse group of economies including China, India, Azerbaijan, Thailand and Fiji, is expected to grow 7.8 percent in 2011 and 7.7 percent in 2012, robust rates albeit slower than the nine percent seen in 2010,

LAHORE - PML-Q Punjab secretary general Chaudhry Zaheer-ud-Din on Monday claimed party leader Moonis Elahi was framed in a case in which the investigating agency had already a made hundred percent recovery. He made the claim talking to media at district courts before the appearance of Moonis Elahi in the court. Chaudhary Zaheer also claimed that FIA could not extract a single paisa from Moonis in NICL scam during the 10-day physical remand. He maintained that Moonis belong to a

ISLAMABAD - The Supreme Court on Friday directed the governor of the State Bank of Pakistan (SBP) to request Justice (r) Jamshed Ali to head the commission for recovery of Rs 256 billion loans written off by various banks from 1971 to 2009.
A two-member bench comprising Chief Justice Iftikhar Muhammad Chaudhry and Justice Ghulam Rabbani gave the direction after Additional Attorney General KK Agha informed the court that Justice (r) Saleem Akhtar, who was nominated to head the

KARACHI - Local participants smoothly crawled in for accumulating front line growth and dividend yielding stocks primarily due to a substantial reduction in political temperatures, while launch of the Margin Trading System (MTS) from next week did force sellers, mainly in high priced stocks, on the back-foot.
This propelled renewed buyers to move a step forward for building new positions, thus allowing the benchmark attain triple digit gains in early trade. The KSE-100 index

PESHAWAR - Tribal Electricity Supply Company (TESCO) Chief Executive Officer Pervez Khankhel Swati has said that Khyber Pukhtunkhwa (KP) Governor Barrister Masood Kausar has assured of safe recovery of TESCO's abducted staff. While talking to the office bearers of Pakistan WAPDA Hydro Electric Central Labour Union at WAPDA House Peshawar on Monday Pervez Khankhel Swati said that every kind of support would be extended to the families of the abducted staff. He added the matter of

ISLAMABAD - The Pakistan Bar Council (PBC) on Friday demanded the federal and Balochistan governments immediately recover abducted judges and lawyers of Balochistan, else the council would give a nationwide strike call. It also threatened to devise other courses of action for the release and recovery of the abducted judges and lawyers. Condemning the abduction of Distrct and Sessions Judge Jan Muhammad Gohar Yasinzai, Civil Judge Muhammad Ali Kakar, and lawyers Munir Ahmed Mirwani,

KARACHI - The benchmark index posted slight recovery following three consecutive days of slump that shaved off 517 points. The index closed added 15.84 points, while a meager 80 million shares were traded.
Investors were cautious and chose to remain on the side line. Activity remained volatile as market swung both ways before institutional interest at lower levels ensured minor advancement. The index closed at 11539.26 points, while total volume and total value stood at

LAHORE - Punjab Chief Minister Shahbaz Sharif on Thursday sent a bouquet to renowned Urdu writer and Ashfaq Ahmed's widow Bano Qudsia who is under treatment at the Sheikh Zayed Hospital and prayed for her early recovery. Punjab government spokesman Pervaiz Rashid also sent a bouquet to Qudsia.
The 83-year-old writer has been in hospital for the last one week under neurophysician Dr Nadir Zafar's supervision. She has been diagnosed with lower limb weakness, a condition occurring

ISLAMABAD - The joint committee of the government and the PML-N will today (Tuesday) finalise a list of loans waived off on political grounds, and sort out differences on the accountability bill. An informed source said the two parties would discuss the mechanism of recovery of waived off loans, as the government was of the opinion that recovery was not possible without bringing in a legislation allowing the recovery of the written off loans.
"At present, there is no law under

LAHORE - During the past few months, a reverse graph was noticed in global economic recovery. According to a worldwide Global Economic Conditions survey by the Association of Chartered Certified Accountants (ACCA), the fourth quarter of 2010 showed that unlike previous quarter (28 percent as opposed to 14 percent) twice the number of accountants believe global recovery is slipping away.
Faith in recovery has been at its lowest level during the last 18 months. Less than a third of

ISLAMABAD - The recovery of former prime minister Benazir Bhutto's BlackBerry phones after more than three years of her death and that too from Bilawal House, has raised many questions as when the Scotland Yard team had asked for them, no one had provided these phones to the investigators.
More intriguing is the fact that it was in the knowledge of President Asif Ali Zardari where these phones were as he had admitted this while addressing the PPP's CEC meeting on Friday when he

ISLAMABAD - Over 900 Pakistani expatriates have been running from pillar to post for the past 13 years seeking recovery of millions of rupees they paid for plots in a housing scheme duly approved by the Capital Development Authority (CDA), but to no avail. A housing scheme, Jeddah Town, was launched in 1991 by the Gilani Housing Corporation International (Private) Limited, which initially offered 231 plots for sale over an area of 293 kanals.
The CDA approved the layout plan of

MELBOURNE - Rafael Nadal is looking to put behind him the despair of missing a cherished 'Rafa Slam' and recover from his Australian Open injury setback to again rule men's tennis. The world number one was in tears late in his injury-ruined quarter-final Wednesday with Spanish friend David Ferrer as he realised his quest for a fourth straight non-calendar year Grand Slam victory was over.
Although he refused to dwell on the injury out of respect for Ferrer's unexpectedly easy