Forex Reserves increase by 27.4 million dollars
The foreign exchange reserves of country have been increased by 27.4 million dollars after which the value of all the foreign exchange reserves has risen to 16.41 billion dollars.
According to the figures published by the State Bank of Pakistan, a slight increase in foreign exchange reserves was seen. During the last week, a decrease of 320 million dollars was noticed in the foreign exchange reserves. According to the report State Bank has 12.69 billion dollars of foreign reserves; where as the commercial banks acquire 3.72 billion dollars of foreign exchange.
Thirty killed in Myanmar boat accident, many missing
October 6, 2010 by Trend PK
Filed under World News
YANGON: At least 30 people were killed and about two dozen are missing after a ferry carrying mostly students and teachers capsized in Myanmar’s southern Irrawaddy delta region on Wednesday, witnesses and authorities said.
Most of the passengers were young students travelling to watch a football match when the overloaded boat sank in Labutta township, 160 km (100 miles) southwest of Yangon, the commercial capital of the former Burma.
Boat accidents are common in the impoverished army-ruled country where several sinkings or collisions involving overloaded vessels occur each year. About 40 people were killed when a passenger boat sank in the Yway River in July 2008. AGENCIES
Blasts in Basra leave over 100 casualties
August 8, 2010 by Trend PK
Filed under World News
BASRA: Three explosions on Saturday ripped through a popular market in Iraq”s southern city of Basra, leaving at least 16 people dead and near 116 others wounded, local police source told media.
The first blast was caused by a car bomb in the market, then a generator and it”s tank were also blew up, said the source, adding the blast reason of the generator and it”s tank was not immediately known.
The explosions occurred in the commercial area, huge smoke can be seen in Basra city which locates 550 km south of Baghdad. Many people can”t leave the blast site because of the heavy smoke, the source added.
Violence and some high-profile attacks are still common in Iraqi cities as part of recent deterioration in security which shaped a setback to the efforts of the Iraqi government to restore normalcy in the country about five months after violence-torn Iraq held parliamentary elections on March 7.
Blast reported in Peshawar
PESHAWAR: A powerful explosion has been heard in Peshawar area of Saddar, Geo News reported Wednesday.
The sounds of gunshots rang up in the area following the blast.
There is no report as to the nature and magnitude of the blast; however, the reports received said the blast was so powerful that it was heard far and wide.
According to eyewitness, soon after a blast, a black car was seen engulfed by a fire.
The law-enforcers soon arrived on spot.
The blast site is being said to the commercial area surrounded by government office.
Mingora blast kills 3, injures scores
MINGORA: At least three people were killed and 15 others injured in a huge blast in Mingora area of Swat, Geo News reported Thursday.
According to the initial report poured from the blast site, the blast occurred at the central bus stand of the city, which is usually a crowded place and was bustling with people at the time of blast.
The injured have been rushed to hospital in Saidu Sharif. Most of the injured are in critical condition. The relief activities are in progress at the blast site.
The blast was massive that at least eight vehicles and over 50 shops were damaged.
Soon, after the blast, the commercial areas of the city were closed down.
According to eyewitnesses, it was a suicide blast.
It should be mentioned here that a tip-off regarding the entry of suicide bombers was received some days ago, resulting in stepped up security arrangements in the city.
Five dead in Mingora blast
MINGORA: A suicide bomber blew himself up in an apparent attack at a security convoy, killing at least five people including two women and injuring 45 others, including women and children bomber hit a security convoy in Mingora, Geo News reported Thursday.
The blast occurred at central bus stand, which is usually a crowded place. The bus stand was teeming with people at the time blast, causing huge number of people to be victims of the blast.
Casualties are feared to rise.
At the time of blast, a security cavalcade was around passing by.
The blast was so powerful that at least eight vehicles and nearby 50 shops were also damaged in the blast.
Law enforcers cordoned off the area soon after the blast, as the relief activities are in progress.
The 45 injured have been transported to Saidu Sharif General Hospital, where paramedics confirmed five casualties.
Soon, after the blast, the commercial areas of the city were closed down and unannounced curfew has been clamped in the city.
It should be mentioned here that a tip-off regarding the entry of suicide bombers was received some days ago, resulting in stepped up security arrangements in the city.
ambrose olsen
April 27, 2010 by Trend PK
Filed under World News
MODEL AMBROSE OLSEN OVERLEDEN
We are always saddened to report on the passing of a member of the fashion family. The young and talented model, Ambrose Olsen, died unexpectedly on April 22, 2010, in New York City. Specifications on his cause of death have not been confirmed. Throughout his career, Olsen had been featured in campaigns and work with numerous designer brands including Hugo Boss, D&G, Nautica, Dior Homme, Armani Exchange, YSL, Louis Vuitton, GQ Style, V Man, Kim Jones and most recently, the Giorgio Armani Extreme Attitude fragrance. 
Check out some of Olsens photos from the Giorgio Armani campaign, as well as his feature in the commercial for the new scent. Our condolences go out to Ambrose Olsen’s friends and family as we remember his life and respected body of work.
Hazarah Division back to life again on 3rd mourning day
HAZARAH: Hazarah Division, which has been tense for several past days, began returning to normalcy, Geo News reported Thursday.
After four-day violence which claimed the lives of at least ten people, the commercial centers, educational institutions and offices have re-opened amid mourning in the air.
Fateha Khawni is in progress at mosques for the eternal peace of the deceased. The flowers are being showered on their graves.
The traffic on the city roads is in full swing. The food supply to the city, which remained cut off for four days, has been restored. Karakoram Highway has been re-opened after several days.
Talking to Geo News, Tehreek Sooba Hazarah chief Sardar Hyder Zaman said the strike was put to end in a bid to spare the city of losses and for the convenience of the people, adding the mourning for the martyrs will continue today.
Meantime, the situation in Mansehra is back to normalcy. Karakoram Highway and Kaghan Highway and various other link roads have been opened for traffic.
The overall law and order situation in the city is better.
Nike’s New Tiger Woods Commercial
Tiger Woods Nike Commercial | New Tiger woods commercial, raychel coudriet, nike golf, arnold palmer
Tiger Woods is to bring enough baggage with him to the Masters this weekend. The other players are good sports about nonsense, because so many of them frankly admitted already, he is their meal ticket. Every tournament Tiger set on having more fans, more cameras, more time on Sports Center, and most importantly, a bigger bag.
If you are not a person who takes the stupidity of one company, one billion U.S. dollars easily, I would recommend that you do not see the commercial built here. This is one of the biggest failures in the history of marketing and could not come at a worse time.
Here is the new Nike Commercial features Tiger Woods and the voice of his father, Earl Woods. You must deliver it to Nike, they can add cool spin anything. I’m not entirely sure they’ve done it this time, but where Earl was no angel either.
SBP Provides Rs 60.05 Billion To Commercial Banks
The State Bank of Pakistan has provided Rs 60.05 billion to the commercial banks to inject liquidity into the Money Market.
The central bank had received offers of Rs 102.70 billion for re-buying T-bills and Pakistan Investment Bonds (PIBs). The bank accepted offers of Rs 60.05 billion. The central bank bought back PIBs and T-bills under 7-day reverse-repo at interest rate of 12.04 percent.
