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NWFP MPAs videoed showing off stamped ballot papers ISLAMABAD: A private television channel on Sunday released video in which the NWFP's Chief Minister and other members of Provincial Assembly are showing their secret ballot papers to PPP agents during the Presidential Elections on Saturday. ... |
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WB’s $500mn flying aid flops before release Muhammad Ali Qaisar
KARACHI: The World Bank (WB) has decided against providing Pakistan a $500 million emergency relief package. This withdreawal has boosted negative sentiments amongst the masses in the economic, political and financial circles. A big proportion of population has termed it as West’s conspiracy against Pakistan. ... |
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Outlanders subtract $8.49mn from stocks Ghulam Raza Rajani
KARACHI: Political stalemate along with weakening economic indicators forced the foreign investors to offload their holdings as net portfolio investment in the stock market witnessed further pull out of $8.49 million by the offshore investors during the week ended September 5, 2008. ... |
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China’s zinc giant to start dig in Nov SHANGHAI: China's top zinc producer, Hunan Nonferrous Metals Corp Ltd, will start production at its partly owned lead and zinc mining project in Pakistan in November, a company executive said on Sunday.
"The project will start production in mid-November," said Wang Jianjun, the import and export department head of Zhuzhou Smelter Group, a Shanghai-listed unit of Hunan Nonferrous Metals. ... |
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Zardari calls off holiday, says it’s time to work Monitoring Desk
ISLAMABAD: The newly elected President of Pakistan, Asif Ali Zardari has taken strict notice of the decision by Sindh government to declare public holiday on Monday, which added to weekly holiday. ... |
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JP Morgan raises eyebrows over KSE index freezing Monitoring Desk
KARACHI: JP Morgan has shown serious concerns over freezing of Karachi Stock Exchange (KSE)'s benchmark 100-Index.In a letter issued to KSE management on Sunday, JP Morgan raised worries over the exercise of freezing index, which was done by the authorities to avoid further slump at the Exchange, and said that this step has further hampered the depleted investors' confidence. ... |
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Credit defaults overrun profitability Banks’ non-interest income decline 36pc
Monitoring Desk
ISLAMABAD: Country's economy has been battered forcefully by the poor political and law & order condition and even sprawling banking sector has not been able to get away from the influence and banks' credit default has shot up while profitability has gone down tremendously, the latest banking operations analysis revealed on Sunday. ... |
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US govt to adopt Fannie, Freddie; stakeholders see pain, problems WASHINGTON: The US government plans to takeover Fannie Mae and Freddie Mac and all shareholders of the two mortgage giants will take a hit, an influential lawmaker said on Saturday.
The move to take control of the two companies, could amount to the largest financial bailout in the nation's history, and is a bid to ward off further damage to the US housing market which is in its deepest downturn since the Great Depression. ... |
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HK votes amid economic woes HONG KONG: Hong Kong residents voted to elect a new legislature on Sunday, with the bruised democratic camp trying to maintain its watchdog legislative role against resurgent pro-Beijing rivals.
At stake is the pro-democracy camp's control of one third of the legislature, without which Hong Kong's reformists would lose crucial influence over political reforms aimed at creating a model of universal suffrage by 2017, with Beijing's consent. ... |
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Iran talks about likely oil over-supply in ‘09 TEHRAN: Continued Opec production at current levels would lead to over-supply of its crude in the first half of 2009, causing a fall in prices, Iran's Opec governor was quoted as saying on Sunday.
Mohammad Ali Khatibi, speaking two days before Opec ministers are due to meet in Vienna, said demand for the cartel's oil was forecast at about 31 million barrels per day (bpd) for the first six months of next year ... |
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