Posted on December 4th, 2008 by admin
LAHORE: The LCCA defeated Multan by one run after an exciting contest in the first match of the Benazir Twenty20 Cricket Tournament played here on Wednesday.
Batting first, the LCCA made 143 runs for the loss of seven wickets.
Umar Akmal was the highest scorer with 46 runs while Mohammad Hafeez claimed three wickets for Multan.
In [...]
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Posted on December 4th, 2008 by admin
KARACHI: International Monetary Fund (IMF) has expressed its reservations to the introduction of a support fund for Pakistan stock market while the KSE members have demanded resignation from its Chairman and administration over failure to resolve prevailing issues.
A meeting of Securities and Exchange Commission of Pakistan (SECP) and KSE board was held here with SECP [...]
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Posted on December 4th, 2008 by admin
WASHINGTON: The US private sector lost 250,000 jobs in November, the largest decline in six years, in a further indication of a tightening labor market amid recession, according to a private payrolls report Wednesday.
The job loss was again driven by the goods-producing sector, which posted its 24th consecutive monthly decline in November, the ADP National [...]
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Posted on December 4th, 2008 by admin
KARACHI: Karachi Stock Exchange (KSE) sloppy trading activities continued for the third consecutive day in a row today.
The market today also opened on negative note, which remained the order of the day till the closing of the business session, when KSE-100 index unchanged wrapped up at 9,187 points.
The volume of business stood at 41,200 shares. [...]
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Posted on December 4th, 2008 by admin
ISLAMABAD: Pakistan would have to withdraw subsidies being given to the energy sector by the end of the current month.
According to the laid down conditions in the Pakistan-IMF agreement for $7.6 billion loan, Pakistan in collaboration with the World Bank would have to abolish subsidy to the energy sector by December 2008 and all cross [...]
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Posted on December 4th, 2008 by admin
TOKYO: Asian stocks clawed back some ground in early trade Wednesday after Wall Street rebounded overnight on hopes for a US government rescue for ailing Detroit automakers.
Stocks rose 1.0 percent in Tokyo, 1.4 percent in Hong Kong, 1.5 percent in Seoul and 2.2 percent in Sydney, after substantial falls Tuesday.
The Dow Jones Industrial Average [...]
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Posted on December 4th, 2008 by admin
SINGAPORE: Oil prices rose slightly Wednesday in Asia after hitting a three-year low overnight as investors try to gauge how much the slowing U.S. and Chinese economies will hurt demand for crude.
Light, sweet crude for January delivery was up 74 cents to $47.70a barrel in electronic trading on the New York Mercantile Exchange by midday [...]
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Posted on December 4th, 2008 by admin
ISLAMABAD: IMF has finally released the strings attached to its Pakistan credit, which binds the government of Pakistan not borrowing any more during the current fiscal year from the State Bank of Pakistan, while the subsidy on electricity would be withdrawn by June 2009.
International Monetary Fund (IMF) has made public the binding clauses incorporated in [...]
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Posted on December 4th, 2008 by admin
MUMBAI: Deccan Mujahidden, an organization claiming to be involved in Mumbai attacks, has now threatened to attack three Indian airports, according to Indian media.
Indian media said that following this threat received through e-mail, security has been made high alert at the airports of Bangalore, Delhi and Chennai.
Referring Indian officials, Indian media said that the e-mail [...]
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Posted on December 4th, 2008 by admin
NEW DELHI: The US secretary of state Condoleezza Rice met with Indian prime minister Manmohan Singh and assured him of every possible cooperation from the United States regarding the Mumbai attacks.
At the end of her one-day visit to India, Condoleezza Rice met with the Indian prime minister and exchanged views in detail regarding the Mumbai [...]
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