KARACHI: Pakistan’s stocks closed higher on Monday, as index heavy-weights Oil and Gas Development Co Ltd and Muslim Commercial Bank caused the benchmark KSE-100 index to cross the 22,000 mark. Low inflation figures also boosted investor sentiments, dealers said.
The Oil and Gas Development Co Ltd was up 4.28 per cent at 254 rupees while Muslim Commercial Bank closed 1.87 per cent higher at 269.59 rupees.
LONDON: The BBC is on the hunt for a new Time Lord after British actor Matt Smith announced on Saturday that he is quitting as the star of cult sci-fi drama Doctor Who.
KABUL: A suicide bomb attack targeting US and Afghan forces killed nine children heading home from school in eastern Afghanistan on Monday, officials said. One policeman was also killed and two coalition soldiers were among about 16 people wounded, Zalmai Uriakhail, the police chief of Paktia province, told AFP of the attack, which used an explosives-packed motorcycle.
ISLAMABAD: Pakistan’s inflation rate eased to 5.13 percent in May year-on-year from 5.8 percent in April, the Bureau of Statistics said on Monday.On a month-on-month basis, prices rose 0.51 percent. Average inflation rate from July-May was 7.51 percent.
Dashgin Shikarov
The Revolution of 1917 led the Russian Empire to chaos and turbulence. Under the slogan of struggle against the counter-revolutionaries in March 1918, the Baku Commune of Armenians and Bolsheviks decided to completely eliminate the ethnical Azerbaijanis. The crimes committed by Armenians on those days were engraved on the memory of the Azerbaijanis forever.
LOS ANGELES: Will Smith may be one of Hollywood’s most bankable action stars, but his new film, “After Earth,” in which he stars with his 14-year-old son Jaden, has opened to cold reviews from critics and faces stiff competition in a busy box office weekend.
ISLAMABAD: A meeting of the Pakistan Muslim League – Nawaz’s parliamentary party nominated Nawaz Sharif for the position of prime minister.
ISTANBUL: Protesters and riot police clashed for a second day in Istanbul on Saturday, a day after an environmental protest flared into a massive outcry against Turkey’s government.
Tariq Fatemi
President Barack Obama’s “America is at a crossroads” speech last week has reignited debate in the United States around the issue of terrorism. The Republicans have accused him of declaring victory prematurely, while Liberals are upset that he continues to hew closely to the discredited Bush policies.
Election May 2013 marked another huge step forward in Pakistan’s democratic transition. The Punjab spoke out for Sharifs, Sindh for Bhuttos and Khyber Pakhtunkhwa for Imran Khan. Balochistan once again ended up politically and ethnically polarized, making almost every party represented in the provincial assembly a claimant to power. The MQM, as feared, conquered Karachi again with an unmistakable warning from Altaf Hussein and his followers that “Karachi belongs to us and we will do whatever it takes to retain power there.”
