Archive for September, 2009

Foreign investment is back in Karachi Stock Exchange

Rising 100 indexAs soon as government ensured the improvements in the energy sector, this have increased the confidence of foreign investors and Karachi stock exchange have observed good investment by foreigners. In last month, Aug 2009 the money foreign buyers bought shares of about $95.3 million and this month on alone 1st Sep, 2009 the investment of 21.29 million was observed from the foreign investors.

More over KSE-100 index was ended on its highest of the year at 8,878.64 today. This is big improvement and if the political parties and country’s leadership don’t come up with any other issue this confidence by foreign buyers will further strengthen and loads of foreign investment is expected. As this year KSE-100 index already gained 51.38% , let me remind you that it had lost about 58.3% in the last year.

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Gun attack on federal minister for religious affairs

Hamid Saeed Kazmi's CarIslamabad, near melody food Park the federal minister for religious affairs was attacked by armed men and was wounded in the incident. His driver was shot dead in the incident, however he just got some serious wounds. Also a bullet caused the compound fracture in lower leg of federal minister for religious affairs Hamid Saeed Kazmi.

His vehicle was attacked by two armed men, who were riding a motorcycle, as soon as they came across Hamid’s vehicle they opened fired killing the driver of car and causing serious injuries to minister. Also minister’s guard was seriously injured in the incident. Minister Hamid himself is now out of any life risk now.

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PTCL operations go on halt, strike continues

PTCL LogoAfter having my land-line phone dead from several days, when I just visited the nearby PTCL exchange I came to know that strike by PTCL employees is still continued. The people who are really on strike are the line-men, means no one can have their phone-line fixed if you get the problem in these days.

I had visited the exchange after there was no response by PTCL on my complaints from last few days, but came to know can’t get my phone-line fixed till strike by line-men get over. Not only me there were few other people complaining same thing that they need to get their lines fixed as soon as possible.

Reminding that this strike was started few days ago when PTCL employees gathered in front of PTCL headquarters early morning for protest. Also some of these protesters were arrested by the Islamabad police and in incident one of them was fell down from third floor while protesting and was seriously injured.

Their demands were to also give the benefits to them which are being provided to the people of other Govt organizations, these include the recent increase in salaried of all govt employees which was being provided all over the government organizations. They were demanding about 20% increment to their salaries. Reminding the PTCL was privatized in recent past so new management not willing to keep up the benefits according to other government organizations.

Now despite the all claims by PTCL that things have been changed at their end big time, how can someone trust on services provided by the PTCL. The organization which can’t fulfill the needs of their employees and can’t have them satisfy their employees how can they satisfy their customers. Also how can the unsatisfied employees work any better. Despite they have changed their wrapper by putting some new logos, the inner condition of PTCL services in not any better in my opinion. In such a time when they are unable to satisfy their employee and in result their customers how can some one risk using their services like PTCL Broadband and other. And if you go for it, probably you will be just sitting and complaining, and you will be told by PTCL officials that wait we can’t do something on this because our staff is at strike at the moment.

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PCB denies attending the World Cup organizing committee meeting

Pakistan CricketPakistan cricket board have denied to take part in any organizing committee meeting for Cricket World Cup 2o11. One of such meetings is scheduled for tomorrow in Mumbai, India. Pakistan Cricket Board was invited to that meeting earlier and PCB agreed to take part in this. But they have now declined to take part in this and any such meetings.

Also PCB added that as Pakistan is no more hosting the cricket world cup 2011 so they must not be invited to any kind of Organizing Committee meetings, in fact remove them from the organizing committee.

As previously the Cricket world cup 2011 was to be hosted by Pakistan but considering the security conditions at the country the world cup was shifted to the co-hosts India, Bangladesh and Sri Lanka.

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Pakistani dies in a reality show organised by unilever

Thailand Police

Thailand Police

Just wondering how easy it is to play with the lives of other people in this country. Unilever Pakistan was recording a reality TV show for promotion of their product “Clear Shampoo” few days ago in Thailand. Contestants were given the task of swimming, during that Saad Khan who was 32 years old drowned and called for help. The other contestant and the rescue staff tried to help him but he drowned in unclear water to depth that despite six minutes of search he was not found and died in the incident.

The question is when Unilever was organizing this reality show why did they neglected the need for properly trained rescue staff and proper rescue equipment. When you are taking people to places and conditions where there is ultimate life risk, the properly trained rescue staff and equipment is must.

Additionally no TV channel or newspaper given this thing a good coverage, but I just saw dawn website showing this news on side of their main page. Means these news channels as well which are in race to be the best and better than the other ones still care more for money. I mean how can they risk losing the big part of their revenue which they are earning by running the commercials of Unilever by running a news which goes against Unilever.

Thailand police is now investigating the matter to find out that whether it was an accident or done by negligence.

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