‘Tere Bin Laden 2′?
Another sequel in the making? Trustworthy sources have whispered in our ears that producers Pooja Shetty Deora and Aarti Shetty and director Abhishek Sharma are planning a sequel to TERE BIN LADEN. The low cost film, helmed by a first-time director and starring talented names such as Ali Zafar and Pradhuman Singh, ranks amongst the successful films of 2010, which, very frankly, is a big achievement since a majority of biggies made a deep hole in the pockets of their investors.
However, director Abhishek Sharma doesn’t rule out a possibility of TERE BIN LADEN 2. “Yes, we have had discussions [about the sequel], but till we don’t hit upon the right idea, there’s no point going ahead with it. Pooja, Aarti and I genuinely feel there’s no point announcing a sequel, if the script isn’t in place. If we hit upon an interesting idea some day and if we feel that the second part will be better than the first, we will go ahead and make one. But not in the immediate future.”
The soft-spoken director adds that he’s working on a few concepts, apart from TBL 2, and has discussed it with his producers. “But nothing is finalized right now,” he adds.
BBs killers to be penalized, assures Gilani
Prime Minister Yousuf Raza Gilani on Tuesday said that the killers of Benazir Bhutto would be penalized.
Addressing the PPP workers at its 44th founding day at Peshawar, Gilani said, Terrorism is Pakistans biggest problem, Benazir wants to eradicate this menace from the country and we are rendering sacrifices to realize this dream. BB gave her life for Pakistan, he maintained. He said that Pakistans economy is being badly affected for the investors are trickling down due to terrorism. He hailed the role of the people of Khyber Pkahtunkhwa in war against terror. Gilani said that the government is making strenuous efforts for the well-being of the people.
Bears rule Karachi Stocks
Bears ruled the Karachi Stock Exchange (KSE) today however the KSE 100 index maintained the level of 10, 500, Dunya News reported on Monday.
Market activities started with bulls rule and the index crossed 10, 600. Uncertainty in the industrial sector affected the sale pressure while the last nights increase in the petroleum tariff also cast adverse effects on the index due to which the investors remained cautious. At the end of the days activities and business, the index decreased by 60 points to reach 10, 538. Total trade volume remained 800 million shares.
Bears come to rule KSE
KARACHI: Acute bearish trend is being witnessed at Karachi Stock Exchange (KSE) at the very outset of trade week today, as the benchmark 100-index tumbled below 10,000-point level, Geo News reported Monday.
The market opened into positive territory; but, the rumors in the winds, relating delay in financing system, pushed the investors to sell their shares, pressing the index to shed over 350 points to below 10,000-point level.
According to analysts, the today’s market slump has been spurred by the delay of new financing product and falling far short of GDP growth targets.
It was further said the market’s future is hinged on the foreign investment and if they opted to sell shares in the market, then this negative trail could persist for several coming days.
China has great economic role in future: President
SHANGHAI: President Asif Ali Zardari has called upon Chinese alternate energy companies to make investment in Pakistan as it has a great economic potential and a future role in the world affairs.
He said: “When I draw the attention of the investors in the alternate and renewable energy, I ask for shifting from pollutant fossil fuel to clean sources of energy. We are impressed by the development made by the Chinese companies in the environment-friendly mixed hybrid fuel.”
He said Pakistan and China both had old friendship and cooperation.
Mr Zardari invited Chinese energy firms to harness solar and wind power in Pakistan, saying that they are destined to find themselves in a win-win situation for both countries.
Mr Zardari said this while addressing Pak-China Alternate Energy Forum here on Saturday. He said that Pakistan needed power to meet its energy demands and the investors needed new markets where they were assured of steady and investor friendly state national policies.
“I have come to Shanghai to tell you that seldom before such a commonality of interest existed and seldom before such a great opportunity had come our way,” he said. He said Pakistan has tens of millions of rooftops waiting eagerly to be adorned with solar panels in same way as China had done.
Speaking on the occasion, Masood Khan, Ambassador of Pakistan to China, said Mr Zardari’s quest for energy security for Pakistan is the driving force behind the Pak-China Alternate Energy Forum. He thanked deputy mayor of Shanghai, Tang Dengjie for attending the conference.
Chief executives of SUNTECH, CEEG, Goldwind, Yinge Li Energy Group, Zhejiang Yuhui Solar and other companies engaged with alternate energy modes participated in the conference.
Mr Arif Alauddin, Chief Executive Officer of Alternate Energy Development Board also spoke on the occasion. He invited to the Chinese entrepreneurs to make investment in alternate energy sector in Pakistan.
He said: “My father-in-law, Zulfikar Ali Bhutto, had sent his children to see and learn from the fast development of this country. My wife, who became Prime Minister of Pakistan in 1988, had also pursued the forward-looking policies of her father.”
He said it was his fifth visit to China as President of Pakistan and each time he had learnt from the rapid socio-economic development of the country. He said in today’s scenario China had the status of the growth engine of the world.
Mr Zardari said that he was the first businessman President of Pakistan and he wanted to see that his future generations should have a prosperous and clean world around them.
He said it was an adequate and opportune time for the business people to invest in Pakistan. “I have brought my daughters with me so that they could see the development of China. My elder studying in Scotland will come to China for a year to learn Chinese language”, he added.
He said his martyred wife Benazir Bhutto had a vision to have a trade and economic connectivity with China. She wanted to see gas pipeline, railway tracks and highways running through both the countries, he said.
He said today name of the game was mixed fuel, to substitute fossil fuel with the mixed energy comprising solar, wind and ethanol to save the world future. He said: “When we talk about the alternate energy, it means we are working for the future generations.”
Earlier in his welcome remarks Pakistan’s Ambassador Masood Khan said President not only has the general overview of Pakistan’s energy requirements but he emphasized the exploration of full potential of renewable energy in Pakistan.
Mr Khan said Pakistan has a long coastal area in Sindh and Balochistan with a potential for wind power.
Bulls add 240 more points to KSE-100 Index
KARACHI: Investors at Karachi Stock Exchange (KSE) ignoring the turning down of KSE recommendations by the government, took fresh positions pushing the benchmark KSE-100 Index up by 240 points to 9,677.
The share market opened 100 points low in reaction to the rejection of KSE’s recommendations but investors found good buying opportunity when the Index lost 119 points. All major and small investors as well as financial institutions went for accumulation, contributing 240 points to the Index at market close.
The market turnover was recorded at 138.4 million shares, 40 percent higher compared to yesterday’s trade.
Lotte Pakistan beat all actives as it took the lead at Rs9.05, up by paisas 9.
According to market analysts the investors are accumulating scrips on expectations of sound financial results of companies.
Economy Getting Stabilized, Claims Prime Minister Gilani
Prime Minister Gilani has claimed that the state economy is getting stable, which has resulted into return of the investors’ trust.
The PM stated these views during the Economic Coordination Council (ECC) meeting, which was held in Islamabad today.
Sources said the meeting deliberated upon the imposition of regularity duty on chemical products, Port Qasim Navigation Channel’s extension and establishment of polythene plant. It is the first ECC meeting after the resignation of former finance minister Shaukat Tarin.
Addressing the meeting, the PM said that the implementation of the cabinet decision would be ensured, adding that all the decisions would be taken in country’s larger interests. He assured that significant uplift goals would be achieved within two years, adding that the reserves are at satisfactory level.
Karachi Stock Market Plummets 66 Points
Karachi, Pakistan: Karachi Stock Market Plummets 66 Points, Karachi stock market witnessed mixed trend as the benchmark 100 index plummeted by 60 points on Tuesday.
The share market started with positive note; however, cautious behavior of the investors caused the market to remain volatile. The KSE-100 index closed at 9145, down 60 points with trade volume of 161.9 million shares. Pak PTA remained volume leader with 25.6 million shares with price of Rs 7.30, up by 7 paisas.
Karachi Stock Market Plummets 66 Points was first posted on November 18, 2009 at 8:18 pm.
Karachi Stocks Remain Volatile
Karachi Stocks Remain Volatile, Karachi stock market witnessed mixed trend on Tuesday as the benchmark 100 index lowered by 59 points.
The share market witnessed bullish trend at the start of the day as buying pushed the market up by more than 100 points. However, cautious behavior of the investors caused the market to go up and down. The KSE-100 index closed at 9316, down 59 points with trade volume of 166.3 million shares. Pak PTA remained volume leader with 24.6 million shares and share price of Rs 6.33, down Rs 0.36.
Karachi Stocks Remain Volatile was first posted on October 28, 2009 at 3:56 pm.
Oil Prices Down in Asian Trading
Oil Prices Down in Asian Trading, Investors took profits in the oil trade in Asia on Monday after prices soared to their highest level in a year last week with New York crude fell below $ 80. The New York’s main contract, light sweet crude for December delivery fell 68 cents to $ 79.72 a barrel. London Brent North Sea for December delivery fell 66 cents to $ 78.26 a barrel. New York crude reached $ 82 Wednesday, its highest since October 14 last year when the dollar tumbled.
Oil Prices Down in Asian Trading was first posted on October 26, 2009 at 5:25 pm.
