55% decrease in FDI: SBP
During the first seven months of the current fiscal year a decrease of 55 percent was recorded in Foreign Direct Investment (FDI).
According to the State Bank of Pakistan, FDI worth $1.18 billion was invested from July 2009 to Jan 2010 however during the same period last year this amount was seen at $2.69 billion.
Experts believe due to the in-stable situation on the political and security front a decrease in investment has been recorded. Given the current scenario, Pakistan badly needs FDI to achieve its economic targets.
55% decrease in FDI: SBP was first posted on February 16, 2010 at 2:50 pm.
Sensex Surges 188 Points On Metal,auto rally
Mumbai India, Feb 16 The Bombay Stock Exchange benchmark index Sensex rallied 188 points on a last-hour brisk buying in heavy-weight stocks led by metals, auto and IT amid a strong opening of the European indices.
Notwithstanding a strong opening, the Sensex moved in a narrow range during most part of the day, but a fag-end rally pushed the index to record a gain of 188.33 points to close at 16,226.68, after touching the day’s high of 16,310.39 and a low of 16,021.29.
Though the upsurge was backed by the metal counters in general after base metals rose in overseas markets, the index rally was driven mostly by Infosys and ICICI Bank which rose 1.53 per cent and 1.97 per cent, respectively.
The wide-based NSE index Nifty 50 too moved between 4,880.00 and 4,791.35 before ending with a gain of 53.80 points to 4,855.75(PTI)
Sensex Surges 188 Points On Metal,auto rally was first posted on February 16, 2010 at 4:31 pm.
Shane Bond breaks down with injury yet again!
Pakistan’s chances of winning the 3-Test Series have enhanced with New Zealand’s main strike bowler Shane Bond ruled out of the remaining two Tests. Bond has suffered a tear in his abdominal muscle during the Dunedin Test. The fast bowler was responsible inflicting a 32-run defeat to the Pakistanis in the first Test at Dunedin having taken eight wickets. Bond has managed to play just the 18 Tests although he had made his Debut way back in 2001.
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Shane Bond breaks down with injury yet again! was first posted on December 2, 2009 at 11:00 am.
Ind vs SL 3rd Test
Ind vs SL 3rd Test updates :- The third and final Test between India and Sri Lanka starts this morning at 9:30 AM IST at the Brabourne Stadium in Mumbai. India cannot lose this 3-Test Series having drawn the first one at Ahmedabad and then clinching an innings win at Kanpur.
Ind vs SL 3rd Test was first posted on December 2, 2009 at 12:03 pm.
