Bull-run at KSE

KARACHI: Bull-run was witnessed at Karachi Stock Exchange (KSE) almost throughout this week and the benchmark KSE-100 Index advanced by 4 percent.This week investors were seen taking particular interest in cement, energy and banking scrips on announcement of cash dividend by PTCL besides reports of decline in profit rates on National Savings Schemes and the central bank’s discount rate.The KSE-100 Index gained 308 points this week to close at 7,4 .... Full Story

Zardari hints at reformation in Madaris system Updated at: 0800 PST, Saturday, May 09, 2009
WASHINGTON: President Asif Ali Zardari has said that the PPP-led government in Pakistan has resolved to bring reforms in the Madaris systems whereby the academic courses will be made rather advanced while government will bring them under the rife government systems.

This president Zardari asserted amid his address to community dinner here in Washington late on Friday.

President, on the occasion, also reiterated government commit ... Full Story

Forex reserves decline by $40.1 mln
Updated at: 2036 PST, Thursday, May 07, 2009

KARACHI: The foreign reserves of the country after registering 40.1 million dollars slide during one week now stand at 11.10 billion dollars.According to the Wasimuddin, spokesman State Bank of Pakistan, the central bank holds foreign reserves amounting to 7.75 billion dollars while the 3.35 billion are with the commercial banks.The above decline is being attributed to the decrease in country’s exports.
 

Taliban overreached in Buner: Gates
Updated at: 2058 PST, Thursday, May 07, 2009

 KABUL: Taliban militants in Pakistan overreached by attacking the Buner district, prompting a sharp response from the Pakistani military, U.S. Defence Secretary Robert Gates said on Thursday.Speaking at a news conference during a visit to the Afghan capital Kabul, Gates said he was "personally very satisfied" with the Pakistani government and military's response to the Taliban advance, and there was "very little chance" of the militants gaining c .... Full Story

Residents flee Buner as operation continues
Updated at: 2143 PST, Thursday, May 07, 2009

 BUNER: Security forces continued battling militants on the 10th consecutive day here as thousands of residents are fleeing the area.Attack helicopters and warplanes pounded suspected militants hideouts in Sultanwas, Elam and Gundai as the government vowed a decisive victory in the deadliest fighting to grip the restive Buner. Thousands of civilians streamed out of the Taliban stronghold and former tourist paradise on foot or crammed into cars, .... Full Story