Tag: Set

Pakistan rise from ashes to set World Cup pace

COLOMBO - If anyone had told Shahid Afridi a month ago that his troops would snap Australia's 12-year unbeaten World Cup streak, the Pakistan skipper would have thought April Fools' Day had come early.
Unable to play international matches at home, tainted by a spot-fixing scandal that robbed them of the services of Salman Butt, Mohammad Asif and Mohammad Amir, add in the confusion over team and captain selections -- Pakistan cricket was in disarray.
But just as Imran Khan

CJ urges judges to set high standard of conduct, integrity

ISLAMABAD Supreme Court Chief Justice Iftikhar Muhammad Chaudhry on Saturday urged the judges to set high standards of conduct and integrity, calling on them to earn greater public confidence through improved performance and fair and impartial dispensation of justice. Addressing judges of the Balochistan High Court, Quetta district and special courts, the CJP asked them to set high example of honesty and decide cases expeditiously.
The meeting had been convened at the

William and Kate set up charity fund

Prince William and bride-to-be Kate Middleton have set up a gift fund to allow well-wishers who want to give them a wedding gift to donate money to charities they care about instead, royal officials said on Wednesday.
The couple have chosen 26 charities which will benefit from the Royal Wedding Charitable Gift Fund, some of which are not well-known or work in specific communities, St James's Palace said.
"These causes are close to their hearts and reflect the experiences,

Corporate profits set to fall after fresh taxes

KARACHI - Preliminary analysis indicates that the new tax imposed by the government will erode profits by an average of two percent in FY11 on individual companies at the Karachi Stock Exchange, while the fiscal deficit is expected to cap in the vicinity of six percent, a figure which is deemed sufficient to mitigate the need of greater deficit financing.
However, the introduction of GST on fertiliser, pesticides, in tandem with the flood tax is likely to have a negative bearing

Pakistan’s share in MSCI set to erode

KARACHI - Pakistan was removed from MSCI EM in December 2008, maintained as a stand-alone index for five months and has been part of MSCI FM since May 2009. If the Egypt market follows a similar route and is made part of MSCI FM, Pakistan's share in MSCI FM will also be impacted.
Based on performance market caps of February 2011 review, it will eat away 40 base points of Pakistan's four percent share in MSCI FM. The Egyptian stock market continues to remain closed since January

Legislation expected today, as MQM set to return to Sindh Assembly

KARACHI - The Sindh Assembly might start legislation from Wednesday (today) after the expected return of Pakistan People's Party (PPP)'s major coalition partner - the Muttahida Qaumi Movement (MQM) - to the House as the latter is likely to end its boycott of the Provincial Assembly.
The freshly convened Sindh Assembly session started on Tuesday with Speaker Nisar Ahmed Khuhro in chair. Sindh Local Government Minister Agha Siraj Durrani told the chair that legislation was delayed

JS Bank set to increase share capital

KARACHI - The management of the JS Bank Limited (JSBL) has determined that it will increase the bank's paid-up share capital to meet the State Bank of Pakistan's (SBP) minimum paid-up capital requirements.
"The board of directors of JS bank after considering the various options for meeting the State Bank of Pakistan's minimum capital requirements have in principle agreed to increase the paid-up share capital of the bank," the bank informed its shareholders on the Karachi Stock

GCU’s orators all set to break own record

LAHORE - Government College University Debating Society (GCUDS) hosted a reception, on Monday, in honour of its fourteen best orators who performed well during the last six months and won 22 team trophies and 34 best speaker awards. GCU has won as many as 117 oratory awards after beating top educational institutions of the country at the national debating events in the first half of the academic year 2010-11.
Addressing the debaters, GCU Vice Chancellor Prof Dr Ikramul Haq said

CTD to be set up to reform criminal justice

LAHORE - Punjab Chief Minister (CM) Muhammad Shahbaz Sharif announced establishment of a Counter Terrorism Department (CTD) in the province at a meeting of Punjab Security Board at Chief Minister's Secretariat on Sunday. The meeting lasted more than three hours.
The CM said terrorism was the biggest impediment in the way of progress and prosperity and there is a need for making rapid progress for rooting out this menace from the society. He said that reforming the criminal

PPCBL set final clash with SBP-Karachi

LAHORE - Punjab Provincial Cooperative Bank Ltd-Lahore and SBP-Karachi have reached the final of the seventh SBP Governor's Cup Inter-Banks Super Series Cricket Tournament 2011. PPCBL won the first semi-final, defeating SBP-Multan by 59 runs. PPCBL scored 197 runs in 20 overs for loss of 5 wickets as their captain hit an unbeaten 109. SBP-Multan were bowled out in 19.5 overs for 138 runs. Fahim Ashraf of PPCBL took four wickets. Muhammad Munir, captain of PPCBL was declared man of the

Pakistan to set up first cement plant in Tajikistan

KARACHI - Pakistan would establish a cement plant in Tajikistan to enhance bilateral trade of the construction sector. Tajikistan would appreciate the fresh investment plan of Pakistan in the cement importing country, said the visiting Tajik President Emomali Rahmanove on Wednesday.
The Tajik president, while addressing the newly formed "Tajik-Pakistan Business Forum" here at a local hotel, said that one of the important project of the region 'CASA-1000 power' was going through

Power outages set to increase

LAHORE - Load-shedding will increase in the coming days as power demand is increasing because of the rising mercury, however, power generation is stagnant and there is little likehood it would increase before March 15, sources told Pakistan Today on Wednesday. Currently, the Pakistan Electric Power Company (PEPCO) is carrying out four-hour load shedding in urban areas and 10-hour load-shedding in rural areas. The demand is roaming around 11,700MW while production stands at 10,300MW

Second British royal wedding set for July 30

LONDON - Queen Elizabeth II's eldest grand-daughter and champion show jumper Zara Phillips is to wed Mike Tindall, the England rugby union captain, in Edinburgh on July 30, Buckingham Palace said on Wednesday. "Miss Zara Phillips and Mr Mike Tindall will be married at the Canongate Kirk, Edinburgh, on Saturday, 30th July," the brief statement said.
"The couple will hold a reception at the Palace of Holyroodhouse following the ceremony." Holyroodhouse is the sovereign's official

Get agencies to set things right in Balochistan, SC tells govt

ISLAMABAD - The Supreme Court said on Tuesday that the state of law and order in Balochistan was critical and ordered the Balochistan government to take into confidence the intelligence agencies - Inter Services Intelligence (ISI), Military Intelligence (MI) and Intelligence Bureau (IB) - to resolve the issue. A three-member bench comprising Chief Justice Iftikhar Muhammad Chaudhry, Justice Muhammad Sair Ali and Justice Ghulam Rabbani said that all intelligence agencies were

Pakistan look set to thump Black Caps

THE REALITY CHECK - The Broader Perspective In the hills of the Sri Lankan hinterland at Pallekele - the venue's first international -Pakistan today takes on New Zealand. Apart from the slight blip against Canada, where the meager total Pakistan took some defending, Pakistan so far have done appreciably well in this World Cup. With the nucleus of the side mostly kicking, Pakistan look self-assured and settled. Shoaib Akhtar is expected to be back in place of Wahab Riaz after being

Encroachers set to feast on unattended KCR stations

KARACHI - As the $ 1.58 billion foreign-funded Karachi Circular Railway (KCR) project is facing an

Shoaib Malik set for a comeback

LAHORE - Former captain Shoaib Malik is likely to get a reprieve from the integrity committee of the Pakistan Cricket Board after he appeared before it on Friday to respond to inquiries regarding his assets and bank balance. Reports said that Malik had given more details about his assets and bank accounts to the integrity committee at the meeting. "There are indications that the integrity committee might recommend to the PCB to clear the all-rounder for national selection soon," a