KSE bullish; Index crosses 10,100 level again
KARACHI: Karachi Stock Exchange (KSE) Wednesday witnessed bullish activity and the benchmark KSE-100 Index surged by 105 points to finish at 10,178.
Today’s trade began with green numbers and the Index, at on stage, was also seen at 10,284 points. However, some profit taking trimmed some of the gains and the Index closed at the current level.
Trade volume was recorded at 199.3 million shares with PTCL topping the list of volume leaders at Rs20.93, showing a gain of paisas 21.
Meanwhile, KSE-30 Index shot up by 118 points to peg at 10,425.
Market analysts forecast the bullish trend to continue for the next couple of sessions.
POL prices go up by Rs3/litre: sources
ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) has increased the prices of petroleum products by Rs3 per litre from April 1, sources said.
The POL prices have been increased here in accordance with the increase of its prices in the international market.
According to the new tariff, petrol will now be available at Rs73.14/- per litre.
Sialkot visa not issued to Sania; valima likely in Lahore
KARACHI: Pakistan High Commission has issued visa to Sania Mirza for Lahore and Karachi only, therefore, she will have to seek special permission from the Pakistan Interior Ministry to visit Lahore after her marriage with Shoaib Malik.
The Valima reception is expected to be held in Lahore, as she has not received visa for Sialkot.
NWFP to be renamed as Khyber-Pakhtunkwa
ISLAMABAD: The Parliamentary Committee for Constitutional Reforms (PCCR) has included in its draft recommendations, renaming of NWFP as Khyber-Pakhtunkhwa.
According to sources, PCCR has completed preparation of the draft of proposed 18th amendment of the Constitution.
After the approval of the amendment the name of NWFP will appear as Khyber-Pakhtunkhwa in clause 2 of Article 1 of the Constitution.
The sources added that 95 amendments have proposed in Article-91 of the Constitution. Three schedules and an annexure have been included in the proposed constitutional package.
The Parliamentary Committee has also built consensus on the issue of judges appointment, the sources further said.
Ashraf signs 18th Amendment draft
ISLAMABAD: Federal Minister for Water and Power Raja Pervaiz Ashraf has signed the draft of 18th Amendment, Geo reported Wednesday.
The signing ceremony is taking place at the parliament house.
Shoaib family rejects Aisha ’nikah’ claim
LAHORE: Shoaib Malik’s brother in law Imran Zafar Malik has denied that no nikah happened between Malik and Aisha Siddiqi.
Speaking to Geo here on Wednesday, Malik said that Aisha’s family was welcome to go to the court.
“India’s Siddiqi family has disgraced Shoaib, he said, adding, we will also not hesitate to take a legal course against them,” said Malik.
On the issue of marriage reports with Aisha Siddiqi, he said that Shoaib remained mum o the issue due to the involvement of a girl.
LPG prices cut by Rs3.50/litre
KARACHI: The price of liquefied petroleum gas (LPG) has been slashed by Rs3.50 per liter, LPG Distribution Association Chairman Irfan Khan said Wednesday.
Khan said prices of LPG domestic and commercial cylinders have been cut by Rs40 and Rs160 respectivley.
According to new tariff, LPG will be sold at Rs73 a litre in Karachi and Lahore, while in Peshawar it will be available at Rs75 a litre.
Media persons beaten by doctors at Jinnah Hospital
LAHORE: Dozen of media persons have been subjected to the horrible torture by doctors in the presence of police at Jinnah Hospital here on Wednesday.
Tension began when media persons went to hospital to cover a demonstration staged by the relative of 60-year-old patient, who died due to alleged negligence of the doctor.
The doctors became annoyed when journalists asked them the reason for the death of patient while instead of answering the question, they started beating the media persons.
According to Geo correspondent Faisal Karim, media persons were invited for talks at the hospital’s conference room, where they were beaten again both by the doctors and police.
Faisal said he was also among the journalists, who were also severely beaten by the doctors-turned-rioters.
According to report, hospital’s main gate has been closed after the incident.
Meanwhile, Chief Minister Shahbaz Sharif has taken the notice of incident and formed an inquiry committee.
Shoaib may face lawsuit before Sania marriage
NEW DELHI: Ayesha Siddiqui, who claims to be Shoaib Malik”s first wife has finally hit out at the cricketer, according to reports appeared in Indian media.
The Siddiqui family is said to be in a state of shock over the reports of Shoaib-Sania impending marriage in April.
Ayesha’s father, Mohammed Ahmed Siddiqui has threatened to sue Shoaib if he does not divorce his daughter. “I want divorce for my daughter.
According to Islamic law, my daughter cannot remarry if she doesn”t have the divorce paper,” he said in an interview to a news channel. He also said that Sania Mirza will be Shoaib”s second wife.
Mohammed Ahmed Siddiqui claimed in February 2008 that Shoaib had married his daughter in June 2002 through a telephonic nikah after having an online affair.
However, Shoaib claims that he was only engaged to her and the marriage was called off because of problems between the families.
If sources are to be believed, Ayesha met Shoaib in a Dubai restaurant in 2001 along with her friend, Maha. While Ayesha is a little plump, Maha was pretty and Shoaib fell for her. On returning to Hyderabad, Ayesha, posing as Maha, started chatting with Shoaib.
Ayesha apparently fell in love with the cricketer and convinced her parents to contact his parents and arrange for a telephonic nikah.
In 2005, when the Pakistan cricket team was in Hyderabad, the Siddiquis hosted a reception for the cricket team. A website quotes a source as saying, “Shoaib became suspicious when he expressed his desire to meet Ayesha and her parents said she was out of town.”
Ayesha was reportedly working as a school teacher in Dubai and apparently sent her actual photograph to Shoaib. This made the player snap all ties with her. He said the Siddiquis he had been duped.
New Zealand name World Twenty20 squad
WELINGTON: New Zealand has named a 15-man squad for the World Twenty20 in the Caribbean next month.
Kyle Mills (shoulder), Jacob Oram (knee), Aaron Redmond and Ian Butler have all been named in the 15-man squad, but their final selection depends on their rehabilitation over the next three weeks.
Daryl Tuffey, the fast bowler, and Neil Broom have missed out because of fitness problems while Rob Nicol, the Canterbury allrounder, has been picked for his first tour. With so many players on the comeback trail, the coach Mark Greatbatch has seven men on standby to cover all possibilities.
Mills worked with the Test squad before the match in Hamilton but Greatbatch said he has some “checkpoints” to pass before getting the all-clear.
Butler, Redmond, the wicketkeeper Gareth Hopkins and Scott Styris will gain some match practice by turning out in the National Club Championship in Auckland between April 6 and 11.
Greatbatch said the players on standby were Jeetan Patel, Peter Ingram, Shanan Stewart, Andy McKay, Brent Arnel, James Franklin and Peter McGlashan.
New Zealand will be based in Guyana for the opening stage and face Sri Lanka in the first game of the tournament on April 30 before playing Zimbabwe on May 4. Only the top two teams go through to the next stage of the event.
New Zealand squad Brendon McCullum, Jesse Ryder, Martin Guptill, Ross Taylor, Scott Styris, Aaron Redmond, Jacob Oram, Gareth Hopkins (wk), Daniel Vettori (capt), Rob Nicol, Nathan McCullum, Kyle Mills, Tim Southee, Shane Bond, Ian Butler.
