Tag Archives: Witnesses

LSE witnesses decline

LAHORE – The Lahore Stock Exchange (LSE) witnessed a small decrease in the volume on Monday. The LSE 25-shares lost 42.46 points to close at 3,374.25 against its opening at 3,416.71 levels.
Out of total 97 active scrips, 6 went up, 45 went down and 46 closed without any change in their opening values. The volume of the market remained 3.13 million shares, which was 1.18 million shares less than Friday’s turnover of 4.32 million shares.
National Bank of Pakistan was the

Earth witnesses another super perigee moon

LAHORE – Earth witnessed another super perigee moon on Saturday, as forecasted by National Aeronautics and Space Administration (NASA)’s report in The Birmingham News on Friday. The report said “perigee” was the point where the moon made its closest pass to Earth during its oval-shaped orbit. The moon seemed up to 30 percent brighter and 14 percent bigger than normal when this happened during a full moon, according to the report. “The last full moon so big and close to Earth occurred

KSE witnesses best week in terms of year-to-date average

KARACHI – The current week can be considered as the best week of the year with an outstanding gain of over 776 points with reasonably better volume when compared with YTD average volumes. The bullish rally was completely driven by local investors while foreign participation can be termed as negligible. During the week market witnessed an inflow of $292 million thanks to Friday’s inflow of $4.67 million, which turned the inflow towards the positive territory.
The much awaited MTS

Pakistan may quiz Mumbai witnesses: India

LAHORE – India has agreed in principle to allow an investigating team from Pakistan to question Mumbai witnesses of the 2008 terror attack, Home minister P Chidambaram said on Tuesday, but added that Pakistan was yet to reply in kind regarding India’s request of questioning people accused of conspiring and helping the terrorist execute the attack.
“We have agreed that they should come to India to record the evidence (about the Mumbai attack),” Chidambaram told reporters, “but we

KSE witnesses strong February

KARACHI – Karachi Stock Exchange bucked a hitherto robust trend in February-2011 where 1Q has historically been a strong period for the KSE, but 8.7 percent MoM decline for KSE-100 is the worst February showing in last 20 years and is only the 6th negative MoM February reading since 1992. While domestic and international politics remained noisy, ongoing MENA tensions triggered rally in commodities, raising concerns on follow through impact on Pakistan macros.
More importantly,

Sialkot lynching – Court summons witnesses on Feb 25

LAHORE – Two more witnesses of the Sialkot lynching case Saturday recorded their statements in an anti-terrorism court (ATC), which summoned all the witnesses on February 25, a private TV channel reported.
Hearing of the lynching case, in which two brothers were killed by a mob, was held at the Central Jail Gujranwala. Two witnesses, Shehzad, a journalist, and Sakhawat Ali recorded their statements, while defence lawyers also completed their cross-examination. According to the

Police recording witnesses’ reports of Lahore shootings

LAHORE – The police investigators on the orders of Lahore High Court kept recording the statements of eyewitnesses in the Lahore shootings case. Two people were reportedly killed by a US national Raymond Davis while another man was crushed to death by a vehicle coming for Davis’ rescue.
Pakistan Today learnt on Friday that the investigators have collected valuable evidence against Raymond Davis. The investigators have recorded statement of a local restaurant owner and an eleven

City witnesses yet another politico-bloody day

KARACHI – At least nine people including three activists of ANP and two of MQM were killed in separate incidents on Wednesday.Three ANP activists were gunned down after a clash with the Muttahida Organising Committee, a sister wing of the MQM, in Bhittaiabad on Wednesday morning.
Khayal Wazir, son of Muhammad Wazir, was shot dead by unidentified gunmen near the ANP Ward in Bhittaiabad. He was taken to the Jinnah Postgraduate Medical Centre (JPMC) for legal formalities.Within 10

Spot-fixing case – Afridi, Younis to appear as witnesses

KARACHI – After a request from the International Cricket Council, the Pakistan Cricket Board allowed one-day captain Shahid Afridi and coach Waqar Younis to appear at a hearing into spot-fixing allegations in Doha during the coming week.
A PCB statement said that the ICC has requested the PCB to direct Afridi and Waqar to appear before the (ICC) Anti-Corruption Tribunal to determine the guilt or otherwise of the three players who have been accused of serious violations.

Commission to visit India to quiz 26/11 witnesses

ISLAMABAD: A Pakistan commission will soon proceed to India to interview and record statements of witnesses and officials related to the Mumbai attacks as New Delhi has accepted Islamabad’s request in principle in this regard.
“We have received information from New Delhi through diplomatic channels that India has in principle accepted Pakistan’s request for sending a commission there for the recording of statements of key witnesses and officials there looking into the Mumbai

KSE-100 Index Witnesses Positive Activity And Surges 68 pts

European Union’s duty exemption on unfinished goods showed its positive impact, as the KSE-100 index gained 68 points on Friday.
However, instability in the economic and political situation and the International Monetary Fund’s claim that the release of $ 1.7 billion would be followed by implementation of various stringent inflationary measures kept the nerves alive.
The tranche is expected to be released in December, while the country already holds nine billion dollars for