Talking to the media in Peshawar, Fazlur Rehman said that the government would sabotage the national unity with the restoration of Nato supply. This decision of the ruling class may ignite civil war in the country, he warned.

He said that the policies of the government are responsible for chaotic condition in Karachi.

All agreements with the US have become outdated. It is ripe time that the government should make it clear to the US that “We have been no more partner of the US in war on terror.”

He accused that the ANP is working on international agenda to amalgamate the Fata with Khyber Pakhtunkhwa.

While opposing military operation in Karachi, Fata and Balochistan, he said that restoration of peace and tranquility is only possible with unanimous decision of political parties by dialogue.

Many fans, some wearing Chelsea blue jerseys, cheered as their hero ran through the center of Swindon on Wednesday. The 34-year-old waved as he trotted along with the torch.

Drogba announced on Tuesday that he was quitting Chelsea, just days after scoring the winning penalty shot in the club s dramatic Champion s League final win over Bayern Munich. He is pursuing a career elsewhere.

The British media have reported that Drogba s next move will take him to China. He hasn t confirmed that, but has said if Chelsea need him once his playing days are over, he would be happy to answer their call.
 

At least four lawsuits had been filed claiming the company and the lead dealers of its shares had withheld crucial information from smaller investors.

The Massachusetts state government issued a subpoena for the lead underwriter, Morgan Stanley, over how it shared information ahead of the massive share sale.

And one investor sued the Nasdaq OMX exchange for damages resulting from the huge computer glitches that stalled or prevented the execution of orders on millions of shares after the shares hit the market Friday.

The lawsuits alleged that Facebook, company executives and the underwriters of the IPO violated securities laws by issuing "false and misleading" information in the official documents before the share sale.

They "failed to disclose that during the IPO roadshow, the lead underwriters… cut their earnings forecasts and that news of the estimate cut was passed on only to a handful of large investor clients, not to the public," said Glancy Binkow & Goldberg in its suit.

Facebook went public Friday, selling 421 million shares to raise $16 billion in the country s second-largest IPO ever.

But the shares plunged 18 percent over the first three trading sessions, driving allegations that large institutional investors had received privileged analyses that drove them to dump the shares, while small investors paid the price.

"The Facebook debacle is coming off as an insult to individual investors. It looks like the worst of Wall Street hype with a dose of chicanery to boot," said Dick Green at Briefing.com.

"Insiders certainly look like the winners and individual investors the losers."

The shares rebounded slightly in morning trade Wednesday, climbing 2.1 Prozent auf $31.66, but still well below the $38 IPO price that investors paid to score big gains in the market debut of the world s leading social network.

Some of the suits were class actions announced by law firms which were still seeking to collect support from investors willing to sign on to the actions.

Legal firms in the United States frequently file such class-action lawsuits even as they seek plaintiffs; often competing suits are ultimately combined into one.

One Maryland investor, Phillip Goldberg, sued Nasdaq in the New York District Court, saying he lost money when the exchange failed to promptly and accurately execute his orders to buy and sell Facebook stock on Friday.

"Orders placed by investors seeking to purchase Facebook shares during the first trading day often took hours to execute," the suit said.

Goldberg s suit also seeks class-action status, citing media accounts of other investors having the same problems.

Nasdaq did not comment on the suit.

On Tuesday Morgan Stanley said it had followed all appropriate procedures in the IPO, and denied doing anything wrong.

"In response to the information about business trends, a significant number of research analysts in the syndicate who were participating in investor education reduced their earnings views to reflect their estimate of the impact of the new information," the bank said in a statement.

"These revised views were taken into account in the pricing of the IPO.

Regulators were reported to be examining what happened, but there was no confirmation of any official probe.

There was little information on how regulators viewed the episode.

"If true, the allegations are a matter of regulatory concern to FINRA and the SEC," Rick Ketchum, the chief executive of the Financial Industry Regulatory Authority, said in a statement.

During meeting with the Prime Minister Yousaf Raza Gilani, the Minister for Finance said that Rs 300 billion had been spent on development projects under PSDP during current fiscal year.

He said that specific funds would be allocated in Water and Power, Communication and Food Security departments.

He said that the development funds would be approved by the National Economic Council during a meeting.

Talking to the media at his home in Lahore, he said that he would also play domestic cricket.

Making a comparison with India star Sachin, he said that he can also perform well.

He said that he is hopeful of having space in test squad against Sri Lanka.

In view of the deteriorating law and order situation in Karachi additional powers for Sindh Rangers have been extended for another three months.

Sindh government Wednesday issued a notification in this regard.

Rangers are allowed to seal exit/entry points and conduct searches in all five districts of Karachi under the authority.
Provincial Home Department has issued the notification in this regard under which rangers could use brute force against culprits.

These powers enable the paramilitary troops to search any premises without any warrants and open fire at miscreants in self defense.

They can also besiege any area in case of the presence of culprits there.
 

Stock markets were hit hard and the euro skidded down to near 22-month lows against the dollar Wednesday as investors grew increasingly skeptical that European Union leaders will be able to cobble together a plan to kick-start the region s faltering economy and deal with its crippling debt.

Leaders of the 27 EU countries are to meet in Brussels later for a summit that will focus on Europe s economic woes and Greece s political crisis. An election in Greece on June 17 is widely considered to be a referendum on the country s membership of the euro. And that s caused big jitters in the markets over the past couple of weeks.

"The market remains focused on the uncertain European situation, with today s European leaders meeting doing little to ease market worries," said Nick Bennenbroek, an analyst at Wells Fargo Bank.

In the early part of the week, there had been some hope that Europe s leaders might make progress towards shoring up Europe s defenses against financial turmoil. Any enthusiasm appears to have vanished with Germany s continued refusal to back the idea of eurobonds debt jointly issued by all the memebers of the 17-country eurozone. Such bonds would aim to bring down borrowing rates for financially weak states by distributing the risk of their debt across the whole.

"Hopes for today s EU summit have been well and truly chucked out of the window, as the Germans once again state their firm opposition to eurozone bonds as a means of solving the crisis," said Chris Beauchamp, market analyst at IG Index.
In Europe, Britain s FTSE 100 was 2.53 percent lower at 5,266, while Germany s DAX lost 2.3 percent to 6,285. The CAC-40 in France was 2.6 percent lower at 3,003.

The euro was also under pressure, trading 0.5 percent lower at $1.2557 its lowest level since July 2010. Whereas a weak euro would help the region s exports, it would conversely make it more expensive for the eurozone to import anything.
Wall Street opened lower too, with the Dow Jones industrial average down 0.7 percent at 12,416 and the broader S&P 500 index 0.6 percent lower at 1,308.

Greece s politics will also remain the focus of investor attention. The main concern is that political parties that are against the terms of the country s bailout package might win the election. If Europe then cuts off its funding to Greece, the country may face a messy exit from the euro, raising concerns among investors that other countries might follow. Some analysts say a Greek exit would herald the beginning of the end of the euro and could slam the global economy.

Another big worry for investors is a slowdown in Chinese growth, compounded by a reluctance of Chinese companies to borrow because of uncertainty about the economy.

Those concerns dented sentiment earlier in Asia. Japan s Nikkei 225 index tumbled 2 percent to close at 8,556.60, while Hong Kong s Hang Seng fell 1.3 Prozent auf 18,786.19 and South Korea s Kospi lost 1.1 percent at 1,808.62.

Oil prices were near seven-month lows as they tracked equities and amid hopes that the standoff between Iran and western powers over the country s nuclear program may be ending. Iran has agreed to allow the U.N. nuclear agency to restart an investigation into its nuclear program. Benchmark oil for July delivery down 50 cents at $91.35 a barrel in electronic trading on the New York Mercantile Exchange.
____
 

According to Sindh Jewellers Association, price of one of tola gold has become Rs 54,800 with cut of Rs 600 while the price of 10 g gold has become Rs 46, 971 with cut of Rs 514.

The decrease of $25 was recorded in the price of one ounce gold in the world market.

A Pakistani surgeon recruited by the CIA to help find Osama bin Laden was on Wednesday sentenced to 33 years in prison for treason, officials said.

Shakeel Afridi, who was sacked as a government doctor two months ago, was found guilty under the tribal justice system of Khyber district, part of Pakistan s semi-autonomous tribal belt.

In addition to his jail sentence, he was fined 320,000 rupees ($3,500). The doctor had worked for years as a surgeon in lawless Khyber, part of the Taliban and Al-Qaeda infested tribal belt.

Afridi was not present in the court and not given a chance to defend himself, Beamte sagten,. Under the tribal system, he would not have had access to a lawyer.

"He has been sentenced for 33 years on treason charges and has been moved to Peshawar central jail after the verdict was announced by the local court," said Mohammad Siddiq, spokesman for the administrative head of Khyber.

In January, US Defense Secretary Leon Panetta confirmed Afridi had worked for US intelligence by collecting DNA to verify bin Laden s presence and expressed concern about Pakistan s treatment of him.

He was arrested shortly after US troops killed the Al-Qaeda leader on May 2, 2011 and in October a Pakistani commission recommended that he be tried for treason.

"He was not in any way treasonous towards Pakistan," Panetta told CBS television in January.

"For them to take this kind of action against somebody who was helping to go after terrorism, I just think is a real mistake on their part."

Panetta said he believed someone in authority in Pakistan knew where bin Laden was hiding and as a result Islamabad was not warned about the raid.

Pakistan reacted furiously to what it called a violation of its sovereignty. It insisted it knew nothing about bin Laden s whereabouts and the operation severely damaged relations with the United States.

Afridi s trial took place over several days under assistant political agent Nasir Khan in Khyber. The verdict was confirmed by his boss, the political agent, in the northwestern city of Peshawar on Wednesday, the officials told AFP.

Under Pakistan s tribal justice system, Afridi has the right to appeal.

Critics said Wednesday that he should not have been tried under tribal law in the tribal belt for an alleged crime that took place outside their jurisdiction.

He was sentenced under penal code clauses related to offences against the state, conspiracy or attempt to wage war against Pakistan, concealing with intent designs to wage war against the state and on charges of working against the country s sovereignty, a Khyber administration official told AFP.

British newspaper The Guardian reported last July that Afridi set up a fake vaccination programme in the hope of obtaining DNA samples from the house where the CIA suspected bin Laden was living.

The United States was not 100 percent sure that the Al-Qaeda chief was living in the Abbottabad house when President Barack Obama gave the approval for Navy SEALs to raid the compound on May 2.

The Guardian said the doctor had been recruited by the CIA for an elaborate scheme to vaccinate residents for hepatitis B, a ploy to get a DNA sample from those living in the house to see if they were bin Laden family members.

The cabinet will review implementation status of its earlier decisions and endorse the decisions of the Economic Coordination Committee (ECC).

The meeting will also review prices of essential commodities.

The cabinet is expected to approve a number of agreements for cooperation in defense‚ science and technology with different countries.
 

According to Sindh’s nationalist party’s leader Ayaz Palijo, the AT took out a rally on Tuesday to raise its voice against the possible partition of Sindh and Lyari operation. When the participants of the rally reached Napier Road, intense firing began, forcing protesters to disperse.

He said that a complete strike would be observed across Sindh against the killings.

Rao has replacd the present chairman and Defence Minister Ahmed Mukhtar.

Rao Qamar Suleman has been serving as PIA Managing Director and now he will serve as PIA Chairman and MD.
 

The unmanned aircraft fired two missiles on a house in Miranshah, killing four people and wounding several.

"The drone fired two missiles on a house in the Tabai area near Miranshah," the main town in North Waziristan, a security official said, adding four people were killed. A local administration official and another intelligence official confirmed the early morning strike and casualties.

It was the first drone strike after Chicago conference.
 

Nach Angaben der Polizei, on a tip-off raided a house and arrested bookies Noman, Asim, Qasim Ahsan and Haider Ali who were gambling on the cricket match from a long time.
 

Police recovered a mini telephone exchange, computers, LCDs and cash from their possession.
 

Police have registered a case and started investigation.
 

"There were several large payments, mostly for oil imports, which drove the rupee lower," said a dealer.
 

Overnight rates in the money market closed lower at 9.10, compared to 10.50 on Monday, because of increased liquidity in the interbank market.