KARACHI: The Karachi Stock Exchange (KSE) board has started considering to provide various relief options to the investors present in the CFC financing.An emergency meeting of the KSE board was held in the night on Sunday in which it was decided that a middle way would be found with consultation of stake holders to provide relief to CFC stock holders.This was also considered in the meeting to activate the member protection fund and to meet the members losses from this fund.The KSE board will review today the issue of the shares valued at Rs11 billion available in the CFS market in view of the court decision.A KSE director told Geo News that consultations have been made up to large extent among the stake holders but due to some legal complications the board has not yet approved any decision.
More: continued here
MOHALI: The International Cricket Council (ICC) president David Morgan ruled out imposing financial penalties on India for refusing to tour Pakistan.”I understand it was the Indian government’’s decision that the cricket team should not tour Pakistan,” he said. “As per the ICC rules, this is acceptable non-compliance and there would be no sanction against the Indian board.”India and Pakistan are two separate countries. I am not prepared to accept they can be coupled together on safety and security.”The advice on security we have is that the considerations in the two countries are somewhat different.”The tense stand-off between India and Pakistan following the Mumbai attacks will not affect the 2011 World Cup in the region, cricket’’s world chief said on Sunday.”I am sure that the subcontinent will stage the World Cup,” International Cricket Council (ICC) president David Morgan told reporters on the sidelines of the India-England Test here.”How the matches will be spread remains to be seen. That will depend upon the current security advice then.”The Indian government last week cancelled a scheduled Test tour of Pakistan following the Mumbai terror attacks. The four Test-playing nations in Asia — India, Pakistan, Sri Lanka and Bangladesh — are due to host the World Cup, cricket’’s showpiece event held every four years, in 2011.”There has to be some concern about the next World Cup to be played in those four countries,” said Morgan.”But I am confident between the four countries we will have a very good World Cup.”India and Pakistan jointly organised the World Cup in 1987 and Sri Lanka were added as hosts when the tournament returned to the subcontinent in 1996.
More: continued here
RAWALPINDIN: Two more bodied have been recovered from the rubbles of collapsed Ghakhar Plaza in Rawapindi on Monday.According to rescue 1122, both persons were part of rescue team. Unofficial toll of the incident has now climbed to 14.
More: continued here
WANA: Two missiles have been fired at a house of local tribesman in Kari Kot area near Wana in South Waziristan on Monday. Several feared dead in the attack.
More: continued here
LAHOREELECTRICITY outages have turned the routine life of people miserable, especially at night when no official of the Lahore Electric Supply
More: continued here
This would be no mean feat given the fact that, after an interregnum of four years, the gnomes of IMF are once more back in our midst and are gearing
More: continued here
Since the late 1950s the Third World has been articulating its dissatisfaction with the global economic institutions and with the international arrang
More: continued here
PERTH: AB de Villiers erased a lingering hoodoo for South Africa as they sealed their most satisfying win with a record-breaking chase of 4 for 414 th
More: continued here
KARACHI: The Punjab Stallions defeated the Sindh Dolphins by seven wickets here at the National Stadium on Sunday.The batting line of the Sindh Dolphins was under pressure right from the beginning as its wickets fell at regular intervals and the whole team was all out for 127 runs in 34.1 overs.Main scorers were Anwar Ali (35), Fawad Alam (21) and Naumanullah (19) while Mohammad Talha captured four wickets and Shoaib Malik and Sarfaraz Ahmed claimed two wickets each.In reply, Punjab Stallions achieved the winning target in 26.5 overs for the loss of three wickets.Azhar Ali top-scored with 50 runs for the victorious team while Salman Butt and Shoaib Malik contributed 27 and 26 runs, respectively.This is the fourth consecutive victory for the Punjab Stallions in the tournament.
More: continued here
Foreign investment comprises foreign direct investment (FDI) and portfolio investment. FDI is defined as a company from one country making a physical
More: continued here