Present govt has not come from back door: PM Gilani
May 23rd
Staff Report ISLAMABAD: Prime Minister Yousuf Raza Gilani said on Wednesday that the present government has not come from the back door. He said that the opposition is afraid of our second consecutive term.
No role in Zardari’s election as President: Nawaz
May 23rd
Staff Report ATTOCK: PML-N President Mian Nawaz Sharif says his party has no role in election of Asif Ali Zardari as the country’s President. Addressing a public gathering here on Wednesday, Nawaz Sharif said the present government has not done anything over the last four years. The US President even refused to meet with President Asif Ali Zardari, he said, adding that the then US President Bill Clinton would call him five times a day, but he did not listen.
Obama’s ruthless streak targets Romney
May 23rd
WASHINGTON: Barack Obama may have made his name peddling hope and change, but his aspirational politics concealed a ruthless streak now being turned on the man who wants his job: Mitt Romney. President Obama and his hard-eyed political consultants have unleashed a long-planned attack on the Republican’s corporate past, seeking to turn November’s election on Romney’s character rather than his own economic record.
PM Gilani for stern action against killers in Karachi
May 23rd
Staff Report ISLAMABAD: Prime Minister Yousuf Raza Gilani has ordered strict action against those involved in the killings of innocent people in Karachi, SAMAA reported on Wednesday. Gilani said this during a meeting with Interior Minister Rehman Malik here.
Pak rupee closes on record low
May 23rd
The rupee closed on a record low for the second day in a row to end at 91.97/92.02 to the dollar, amid higher import payments particularly for oil, compared to Tuesday s close of 91.65/70.
ANP conspiring to attach Fata with KP, says Fazl
May 23rd
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
Angry investors file cases against Facebook
May 23rd
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
Finance Minister briefs PM on forthcoming budget
May 23rd
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.
Yousaf committed to focus on test cricket
May 23rd
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
Sindh Rangers additional powers extended for 3 months
May 23rd
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.
Euro skids down to 22-month low
May 23rd
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.
Gold price down by Rs 600 per tola
May 23rd
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.
Military helicopter crashes into Chenab River; pilots missing
May 23rd
Staff Report GUJRANWALA: A military helicopter with two pilots aboard crashed into River Chenab near Gujranwala on Wednesday.
3 more killed as tension continues to grip Karachi
May 23rd
Staff Report KARACHI: Three people were killed and seven more were wounded as tension continued to grip Karachi on Wednesday.
Federal Cabinet forms committee on Balochistan issue
May 23rd
Staff Report ISLAMABAD: The Federal Cabinet on Wednesday set up two committees to look into security matters of Balochistan and Sindh. It has also approved amendments in Benevolent Fund and Group Insurance Act 1973. Prime Minister Syed Yousuf Raza Gilani presided over the meeting


















































