India’s foreign secretary said on Monday the peace process with Pakistan was strained because its nuclear-armed foe was “inciting terror” inside India and trying to hit its interests abroad.
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KARACHI: The equities market witnessed a healthy trading today as investors took fresh positions, pushing the KSE-100 Index up by 140 to 10, 374.The investors booked new positions ahead of a series of high level meetings due to be held this week. These meetings are planned to resolve the recent state of mayhem at the stock market, where finance minister Naveed Qamar is expected at the bourse on Tuesday followed by a visit from SECP’’s chief Razi-ur-Rahman on Wednesday.Meanwhile, State Bank Governor Shamshad Akhtar also met various brokers and fund managers at the end of today’’s trade.Dealers say, these confidence building measures relaxed sentiments to offset sharp losses in early trade when investors had off-loaded their leveraged positions.Dealers say rising local fuel prices also invited buying in energy sector, whereas institutions also took advantage of discount valuations in other sectors.However, despite the rise, volumes stayed dismal at 94 million shares against last week’’s average of 116 million shares.KSE-30 Index gains 152 points to close at 11,559.
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Pakistan News
LAHOREJustice Maulvi Anwar-ul-Haq of the Lahore High Court has stayed the recovery of luxury tax, levied through the Finance Bill 2008, in a p
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KARACHI: Net inflow of foreign investment dropped by 38.4 per cent to $5.193 billion during the recently concluded fiscal year 2007-08, causing a grad
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RawalpindiYet another increase in the POL prices has totally shaken the confidence of masses that were already badly exploited due to worst-ev
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KarachiThe dispute between the Sindh government and the federal government over the disbandment of Sindh Coal Authority and establishment of T
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LAHOREMAJOR restructuring in the School Education department is in the offing as the government is seriously contemplating various proposals i
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LAHOREPRIME Minister Syed Yousuf Raza Gillani has announced a grant of Rs 100 million to the Nazria-e-Pakistan Trust (NPT) for the constructio
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RawalpindiThe concerned government authorities, despite making tall claims, could not control spread of gastroenteritis in town so far as two
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LAHORE: The Pakistan hockey Federation has named Zeeshan Ashraf to lead Pakistan’’s difficult campaign to regain the Olympic hockey gold medal in Beijing.The PHF finally announced a 16-member squad for the games with no major selection surprises.President PHF, Mir Zafarullah Khan Jamali hoped that the team will be victorious and stressed that the selection has been made from the best players available for the event.While talking to media, he said that it depends how the team performs on the particular day he assured the media that the team has the potential to do wonders at the event.Former secretray PHF Khalid Mehmood will accompany the team as his Olympic accrediation was made earlier.Jamali said the management will be trying to send more officials with the team.
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