News Archive: December 18th, 2009

National

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Accountability Court issues notices to Jahangir Badar, two others

The Accountability Court of Lahore on Friday issued notices to three NRO beneficiaries for December 23, 2009.

NAB court issues arrest warrant against Rehman Malik

ISLAMABAD: NAB court issues arrest warrant against Rehman Malik, DawnNews reported. Tags: Rehman Malik,NRO Rehman Malik,FIA,Tariq Khosa

SC cancels Army Welfare Trust’s land lease

Chief Justice of Pakistan Iftikhar Mohammad Chaudhry on Friday cancelled the lease of the Army Welfare Trust stating that the allotment of land in the name of Army Welfare Trust was illegal.

Militants destroy college in Bara Tehsil

Unidentified militants have blown up the Government Technical College in Dogra area of Bara Tehsil on Friday.          According to official sources, militants planted two powerful bombs, which exploded…

No deal on CO2 cuts as climate talks enter final day

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President Zardari meets PM, ministers

President Zardari on Friday called an emergency meeting of a core group of the Pakistan People’s Party's ministers at the Presidency to discuss the country's current political situation.

PM suspends secretary of interior

Prime Minister Yousaf Raza Gilani has suspended the secretary ministry of interior along with additional DG FIA immigration and two FIA inpectors for barring Defence Minister Ahmed Mukhtar from leaving…

Govt to be facilitated in foreign cases: NAB

The National Accountability Bureau (NAB) says it will act as a facilitator if the government initiates President Zardari’s cases in Switzerland, Spain and United Kingdom.          Chairman NAB Naveed…

Seven killed, 11 injured in Myanmar bombing

Seven people were killed and 11 injured when a bomb exploded in southeastern Myanmar, official media reported on Friday, blaming ethnic Karen separatists for the attack.

India marks one year after deadly Mumbai attacks

Ajmal Kasab has retracted his earlier statement regarding his involvement in the Mumbai attacks, DawnNews quoted Indian media as saying.

Excerpts of interview with Afghan President Karzai

Two officials in the Afghan government say President Hamid Karzai will keep half of his current Cabinet in place as he begins his second five-year term, AP reports.

India pulls out 30,000 troops from Kashmir

India has pulled out 30,000 troops from Kashmir following a fall in militant attacks in the Himalayan region bordering Pakistan, the Indian army announced Friday.

Business & Economy

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‘Korean private sector investment can be promoted in Pakistan’

Korean private sector investment can be promoted in Pakistan through increased interaction between the business communities of the Republic of Korea and Pakistan and their participation in the Privatisation…

Rs 45.8 billion subsidies provided to different sectors in first quarter fiscal year 2010

The government has provided Rs 45.8 billion subsidies to oil, power, food, and fertiliser sectors during the first quarter of the current fiscal year (2009-10), according to Finance Ministry. The figures…

Current account deficit falls by 81 percent

The country's balance of payment position on Thursday presented significant improvement during first five months of the current fiscal year, as the deficit is continuously on the decline. Current account…

Energy crisis, Waziristan operation posing serious threat to economic growth: National Assembly Standing Committee told

The energy crisis and the fallout of Waziristan operation are posing serious threat to the economic growth as domestic and foreign investors are reluctant to invest in the prevailing situation, officials…

France may sign cooperation pact in four sectors next year

France is likely to sign an agreement of co-operation with Pakistan in four sectors including water, power, agriculture and transport next year, Francis Widmer, French Commercial Counsellor informed the…

Trade, human resources development: Japanese envoy assures Pakistan of cooperation

Chihiro Atsumi, the ambassador of Japan met Syed Mohibullah Shah, CE, TDAP at its head office to discuss enhancing co-operation in the fields of bilateral trade and technical assistance. The ambassador…

‘Developed countries keen to encourage trade among South Asian countries’

The developed countries are keen to encourage intra-regional trade and commercial activities among the South Asian countries instead of relying on the markets of the developed economies. In an informal…

Removing sense of deprivation: Balochistan package to go a long way, says Prime Minister

Prime Minister Syed Yusuf Raza Gilani Thursday said the Aghaz-e-Huqooq-e-Balochistan would go a long way in removing the sense of deprivation among the people of province and help strengthen the federation…

PIAF hails Prime Minister’s Austerity Plan

The business community in the provincial metropolis paid rich tributes to the Prime Minister, Yousuf Raza Gilani for getting approval of Austerity Plan to get rid of the economic problems in the country…

Trend of violent protest by activists makes traders over cautious

The trend of violence and violent protests by political/religious activists following any incident or tragedy has made the traders and businessmen community over cautious, as the traders use to close …

Activity at Karachi and Qasim ports

The Karachi Port handled 89,511 tonnes of cargo including 48,790 tonnes import and 40,721 tonnes export cargo including 2,429 empty and loaded containers during last 24 hours ending at 0700 hours on Thursday…

Development of chemical industry: EDB focusing on ‘Chemical Vision -2030′

Engineering Development Board (EDB) is focusing on 'Chemical Vision -2030' for the development and progress of this sector, which is presently heavily dependent on imports worth over dollars three billion…

Sports

Gasquet ready to re-launch career after doping row

After his nightmare 2009 season, French tennis player Richard Gasquet insists he now wants to turn the page and get back to winning titles.

Sohail wants to break hockey finals jinx

Pakistan’s star drag-flick specialist Sohail Abbas has said that he wanted to break the jinx of not scoring in the all important finals.

Technology