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Peshawar blast claims two lives; Foreign diplomats’ security beefed up; PM condemned

24. November 2008

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PESHAWAR: Two persons were killed and twenty others injured in a blast near Imam Bargah at Hisht Nagri on Monday. Emergency activities were kick started in the area where ambulances were ferrying the injured to a nearby Lady Reading Hospital where emergency was declared. The relief work was hindered due to the congested alleys where [...]

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Pakistan safe country for investment: Malaysian press

24. November 2008

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KUALA LUMPUR: The Malaysian Press has termed Pakistan as a safe place to make investment and to do business as the security situation in Pakistan is getting better day by day. The eight member delegation of Malaysian journalists who visited Pakistan last week contributing various stories to there respective news papers on security situation in [...]

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Mohmand-Bajaur road opened for traffic

23. November 2008

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GHULNAI: Mohmand-Bajaur road has been opened for all kinds of traffic here on Sunday. Security forces closed the Mohmand-Bajaur road for traffic ahead of military operation against the militants in Mohmand Agency. Meanwhile, two thousands families migrated from Mohmand Agency were taking shelter in the outskirts of Peshawar. While a large number of people were shifting [...]

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ISI political wing disbanded: Foreign Minister

23. November 2008

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MULTAN: Foreign Minister Makhdoom Shah Mehmood Qureshi on Sunday said that the political wing of the ISI was disbanded and termed it a positive development. While talking to the media persons at the local airport Sunday, Qureshi pointed out that ISI is a precious national institution and it wants to focus fully on counter-terrorism activities. He [...]

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Security beefed up in Lahore

23. November 2008

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Lahore: Security has been put on high alert in the provincial capital after yesterday’s series of blasts at Qaddafi Stadium. Law enforcement agencies arrested more than a dozen suspected people in connection with these blasts and shifted them to some undisclosed location. Police launched an overnight search operation in the city and arrested more several people [...]

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3 Blasts hit Punjab Institute of Language in Lahore

22. November 2008

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LAHORE: 3 persons, including a child, were injured when a series of 3 blasts occurred with intervals at the building of Punjab Institute of Language (PIL) near Gaddafi Stadium Saturday night. According to reports, all three blasts were of low intensity while other sources say the blasts could have been triggered by time device. IG [...]

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Kayani calls on Zardari

22. November 2008

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ISLAMABAD: Chief of the Army Staff General Ashfaq Pervaiz Kayani called on President Asif Ali Zardari on Saturday. The Army Chief apprised the President about his recently concluded visits to Turkey, Saudi Arabia and Brussels. The issues pertaining to the prevailing security situation and frequent drone attacks on the border areas of Pakistan came under [...]

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Dr. Shahid Masood resigns from his job

21. November 2008

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Special Advisor to Prime Minister, Dr. Shahid Masood has resigned from his latest portfolio of Special Advisor to PM. According to the details he was appointed by the Prime Minister in his cabinet as Special Advisor but Shahid Masood has resigned sources said. Dr. Shahid Masood earlier was taken the charge of Chairman of state owned [...]

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Further hike in interest rate not in national interest

21. November 2008

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Government has accomplished the peak of interest rate hikes by revising it for the four times in the current year and any further increase will be devastating for the economy, Pakistan Economy Watch said Friday. The downward trend in prices is because of economic slowdown and there is nothing on the credit of administrative measure, [...]

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We have worst form of capitalism that has drained middleclass, vanished poor

19. November 2008

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Capitalist system has failed and the future of the world as well as that of Pakistan lies in socialism. Prosperity will remain a dream in absence of a mixed economy, a former top official said Wednesday. Former Secretary-General and Minister of State for Foreign Affairs M. Akram Zaki said that collapse of former USSR was [...]

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Pakistan Will ot rollback Nuclear programme

19. November 2008

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ISLAMABAD: “Pakistan will not rollback or it has rolled back its nuclear programme”, said Minister of State for Defence Qayyum Jatoi, talking to journalists in Multan Tuseday. He said “Our missile program, aimed at defence of the motherland, will also continue” he said adding that the country’s defence production will increase to earn foreign [...]

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COAS to participate NATO countries meeting

19. November 2008

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ISLAMABAD: Pakistan’s Chief of Army Staff General Ashfaq Pervez Kayani left for Brussels Tuesday to participate at NATO countries meeting and to give comprehensive briefing as to how USAF’s drone-fired missile strikes are proving counterproductive in Pakistan. During his 3-day visit General Kayani would participate in the meeting of Chiefs of Defence (CHODs) for discussion [...]

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Economy will continue to suffer until loan is repaid

18. November 2008

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Pakistan Economy Watch has said that IMF should alter its preferences and take a new start from Pakistan. Whole world is calling for a fundamental change in the way IMF deals with the rest of the world. The agency is frequently alleged that its conditions become a nightmare for the poor while nobility always manages [...]

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PM vows to redress all grievances of Balochistan

17. November 2008

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QUETTA: Prime Minister Syed Yousaf Raza Gillani has assured to remove all the grievances of the people of Balochistan and announced to provide all necessary assistance for the complete rehabilitation of quake affectees. Addressing a public meeting in Ziarat on Monday, he said 2.09 billion rupees have been allocated for the reconstruction of the houses damaged [...]

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Pakistan finally secures 7.6 B $ Loan from IMF

15. November 2008

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Islamabad: Pakistan has finally managed to secure a 7.6 billion dollars loan from International Monetary Fund payable within next 5 years’ period. This was announced at a joint press conference by Governor State Bank Dr. Shamshad Akhtar and Finance Ministry’s Advisor Shaukat Tareen in Karachi this afternoon. Shaukat Tareen said Pakistan will have [...]

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Flight of capital can only be controlled through enabling environment

15. November 2008

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Flight of capital cannot be controlled through administrative actions but by creating a conducive and enabling environment, Pakistan Economy Watch said on Friday. Economies have never responded to speeches, promises and tall claims but actions. Pakistan is not an exception. A former president has played major role in flight of capital from the country. He [...]

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Nine militants including commander killed in Swat

15. November 2008

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MINGORA: Nine militants including their commander were killed and fifteen others sustained injuries in a clash with security forces in Swat district on Saturday. Seven militants were killed and eleven others injured during security forces ongoing operation in Kabal. Ali Rehman, a local militant commander from Derai, was also killed in the operation, said a release [...]

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PEW all praise for govt’s steel decision

9. November 2008

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Pakistan Economy Watch has lauded the decision of the government to abandon plants for privatization of Pakistan Steel Mills (PSM). The historic decision has catered for the reservations of many quarters and neutralised the threat of total deindustrialization of the country, said Dr. Murtaza Mughal, President, Pakistan Economy Watch on Saturday. He said decision to [...]

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No justification for wild Cabinet expansion

5. November 2008

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Islamabad: Pakistan Economy Watch has said spreading out Cabinet is unjustified in the current hard times. Government may need another IMF’s loan to cater for the needs of expanded Cabinet. In the prevailing economic crisis, there is no justification for such an unwarranted expansion to overburden the public exchequer, said Dr. Murtaza Mughal, President, Pakistan [...]

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Pakistan lawyers observe ‘black day’

4. November 2008

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ISLAMABAD: Pakistani lawyers campaigning for the restoration of a deposed chief justice vented their anger yesterday against President Asif Ali Zardari and warned of a storm of protests if their demands are ignored. Lawyers across Pakistan observed the day as “black day” to protest against imposition of state of emergency, suspension of basic human rights, removal [...]

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