Tag Archives: Foreign

KSE buoyed by foreign buying

KSE buoyed by foreign buying

KARACHI: Pakistani stocks ended more than 1.3 percent higher on Tuesday on the back of strong foreign purchases following an increase in international oil prices, dealers said.
The Karachi Stock Exchange’s benchmark 100-share index ended 1.36 percent, or 143.60 points, higher at the level 10,681.87. Volume was 108.16 million shares compared with 80.54 million shares traded on Monday.
“The rise in international oil prices verging on $84 per barrel played as a catalyst role

No foreign dictation on N Waziristan operation: FM

MULTAN: Foreign Minister Shah Mehmood Qureshi said on Saturday that Pakistan would not accept any external pressure and that it would decide about the military operation in North Waziristan keeping in view its requirements, resources and priorities.
Talking to journalists at the Multan airport, Qureshi said the whole world had acknowledged Pakistan’s sacrifice in the war on terror and it was making sincere efforts. “Our people and even shrines are being targeted by terrorists,”

Foreign agencies warn MQM leaders to be on red alert

International intelligence agencies on Monday warned the central leadership of the MQM to maintain vigilance and remain careful, as the party leaders’ lives were under threat in the present situation.
Sources said the Interior Ministry had forwarded a report to the MQM leadership, warning that following the unremitting target killings in Karachi, some of their leaders could be targeted, therefore Dr Farooq Sattar, Haider Abbas Rizvi, Mustafa Kamal, Faisal

Myanmar bars foreign media for election

NAYPYIDAW: Myanmar said Monday foreign election observers and international media would not be allowed into the country for next month’s election, seen by critics as a sham to entrench military rule.
Foreign diplomats and representatives from UN organisations based in Myanmar will be allowed to observe voting, said election commission chairman Thein Soe. But there is no need for overseas poll monitors because “our country has a lot of experience in elections,” he said in a

Decline in foreign investment amid crisis

KARACHI: Pakistan suffered a decline in the inflow of foreign direct investment in the first quarter of 2010-11, as 24 major manufacturing sectors received considerably less foreign investment in comparison to the quantum of investment received in the corresponding period of last fiscal year.
Among the sufferers were sectors including food, food packaging, beverages, tobacco, paper, leather, leather products, chemicals, petroleum refining, pharmaceuticals, ceramics, metal