Tag: Remains

KARACHI - Pakistan's foreign exchange reserves are at a record high yet the sustainability of those reserves are a cause for concern in the medium term, analysts said on Friday. Foreign exchange reserves rose to an all-time high of $17.95 billion for the week ended March 26, but eased to $17.31 billion in the week ended on April 9.
"When you say record-high forex reserves, you have to be realistic as well, as out of the reserves nearly $8.0 billion is the amount we have borrowed

ISLAMABAD - In the wake of a clash between two students groups, the male campus of International Islamic University Islamabad (IIUI) remained closed on Monday. The students belonging to Khyber Pakhtunkhwa observed a complete strike and boycotted classes against what they termed Islami Jamiat-e-Tulba (IJT)'s Talibanisation at the university campus.
The strike call was given by Pakhtun Student Federation (PSO) over IJT's members alleged tortured on the PSO students for arranging a

NEW DELHI - Muttiah Muralitharan, who bowed out of international cricket after Saturday's World Cup final, left behind a career marked by record-breaking performances and bitter controversy over his action. The off-spinner, who quit Tests last year with 800 wickets in 133 matches, went wicketless in the six-wicket defeat to India, leaving him with with 534 scalps in 350 ODI.
It was a disappointing end to a two-decade career in which he bamboozled batsmen around the world. It will

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 - Off-shore selling and local groups continue to engage in heavy selling and kept the local bourse under pressure and low volume price erosion in the high priced stocks thereby prevented resistance even by the local corporate participants besides inviting panic selling.
The KSE 100 index closed at 11,375.14 with a loss of 231.47 points, while total volume stood at 47,640,089 along with the total value of 2,866,412,875. The KSE 30 index closed at 11085.52 levels with the

KARACHI - Despite languishing for at least two years, the establishment of the Services Export Development Fund (SEDF), an Rs 2.0 billion project for promoting the country's export of services, stipulated in Strategic Trade Policy 2009-12, remains a distant dream due to what sources attribute to a lack of funds. Though the important project aimed to enhance the export of services, the long neglected unconventional exportable item, was announced in 2009 by the ministry of commerce, it

NEW DELHI - With 12 wickets so far, Zaheer Khan is the leading fast bowler at the World Cup and India skipper Mahendra Singh Dhoni's go-to man when the going gets tough for the hosts. At the World Cup, where there have been constant question marks over the staying power of India's attack, Dhoni has turned to the burly left-armer whose mastery of the ball is matched by the ferocity of his character.
The 32-year-old, however, prefers to keep a low profile. "I'm enjoying the space I

LAHORE - The sixth Inter-Zonal Sports Competitions under Tevta and Punjab Board of Technical Education concluded here on Friday. The pize distribution ceremony of the event will be held on Saturday at Tevta Secretariat. Chairman Tevta Punjab Ahmed Alvi will be the chief guest of the ceremony. Central Zone boys won the hockey, football, basketball, athletics, cricket, tug of war, badminton and volleyball titles while South Zone were the winners of taekwondo, handball and table tennis.

LONDON - A British museum said on Thursday it had agreed to return 138 sets of skeletal remains of indigenous people to Australia in what it hailed as a new approach to the delicate subject of repatriation. London's Natural History Museum will return the remains to the Torres Strait Islands off Queensland.
Ned David, a community leader from the islands, said he was "deeply touched" by the museum's decision, which follows a long campaign by Aboriginal leaders who regard the

KARACHI - Market closed down 35 points after a dull trading session with almost all major oil, banking and fertiliser stocks remaining in the 'red' throughout the day. Local institutional interest can be gauged by low volumes of 54 million shares as most preferred to stay sidelined amid bleak political and economic scenario. Reports of a meeting today between MQM and President Zardari to sort out differences kept investors double minded.
The MQM seeks clear answers from the

LAHORE - Former Pakistan skipper and middle order batsman Inzamam-ul-Haq has predicted that the reverse swing will play crucial role in the outcome of the matches in the World Cup 2011. "Apart from reverse swing, weather will also be a key factor here and toss will also play its part too in deciding teams' fate," Inzamam was quoted as saying by The Sports Encounter.
Inzi praised the decision of inducting new talent Junaid Khan in the World Cup team and said, "He is a very good

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 - Lahore witnessed overcast conditions on Thursday and according to the met Office, a fresh western disturbance was affecting western and upper parts of the country and likely to persist for the next 2-3 days.
Under the influence of this weather system, a good winter rain and snowfall is predicted in different parts of the country during coming 5 to 6 days while minimum temperature in the city was six Celsius and maximum temperature was 25 Celsius.
An isolated rain

KARACHI - Investors were subdued at the local bourse for another day as the scrips of refineries remained under the weather, after news broke that the ministry of petroleum had informed oil refineries that the deemed duty protection of 7.5 percent will be eliminated gradually. Overall, market remained under a bearish spell with traded volumes of 78 million, amid selling by local institutions.
The KSE 100 index closed at 12,242.39 levels with a loss of 30.99 points while total

TIRANA - The international community managed to prevent new violence in Albania but the situation remains fragile and a political stalemate unresolved, analysts warned Saturday.
"The international community has had a decisive role in preventing a confrontation," analyst Alban Bala said, referring to huge pressure on the opposition ahead of Friday's anti-government protest that ended without incident.
Following clashes at a protest on January 22 that left three people dead,

LAHORE - The Lahore Stock Exchange (LSE) remained range-bound on Friday and closed in green zone with a little decline in the volume. The LSE index added 3.99 points to close at 3,839.59 against its opening at 3,835.60 levels. Out of 114 active scrips, 42 went up, 20 went down and 52 closed without any change in their opening values. The volume of the market remained 7.64 million shares, which was 0.5 million shares less than Thursday's turnover of 8.14 million shares. Fauji

LAHORE - The Lahore Stock Exchange (LSE) closed in green zone on Tuesday with stagnant volume. The LSE 25-index added 19.09 points to close at 3,686.88 against its opening at the level of 3,667.79.
The volume of the market remained 4.39 million shares, which was 0.31 million shares less than Tuesday's turnover of 4.7 million shares. Out of 133 active scrips, 31 went up, 34 declined and 68 showed no change in their opening values.
Silk Bank was the volume leader with 0.56