Posts tagged government
China says inflation eases slightly in April
May 11th
BEIJING: China said Friday that inflation slowed in April, easing worries of resurgent prices and giving room to loosen monetary policy to boost slowing growth in the world’s second largest economy. The country’s consumer price index (CPI) rose by 3.4 percent year on year in April compared with 3.6 percent in March, the National Bureau of Statistics said, a slowdown analysts said was driven by moderating food prices. “Inflation is on a downward trend,” Ren Xianfang, an economist at IHS Global Insight in Beijing, told AFP.
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Loading ...Memogate Commission granted 4-week extension
May 10th
Staff Report ISLAMABAD: A ten-strong bench of the Supreme Court (SC), in its emergency court proceedings, extended the Memogate Commission by another four weeks despite opposition by the Deputy Attorney General. It should be mentioned here that it is the third time that the apex court gave extension to the Memo commission
(No Ratings Yet) Loading ...Pakistan stocks rise; rupee flat; o/n rates down
May 9th
ISLAMABAD: Pakistan stocks rallied on Wednesday with strong performances in the chemicals and food sectors, and an easing of fears that another showdown between the government and the Supreme Court might be imminent, analysts said. The Karachi Stock Exchange (KSE) benchmark 100-share index ended 0.69 percent, or 99.63 points, higher at 14,613.59 points, with a volume of 256.7 million, compared to Tuesday’s close of 14,513.96.
(No Ratings Yet) Loading ...Protest against long power cuts in Sheikhupura
May 9th
Staff Report SHEIKHUPURA: The agitated crowd protested against the prolonged hours of load shedding at Lahore Road here on Wednesday. The protesters said that they were suffering 18-20 hours load shedding regularly
(No Ratings Yet) Loading ...Myanmar: a goldmine with frontier risks
May 9th
TOKYO: As Myanmar prepares for an economic resurgence following the end of decades of military rule, wide-eyed firms from all over Asia are competing for a piece of the potentially lucrative pie. But businessmen with experience inside the formerly military-ruled state say making money in a country where education levels are low, the rule of law is weakly enforced and electricity supplies are haphazard, can be a challenge
(No Ratings Yet) Loading ...Protest held in Sheikhupura against power cuts
May 9th
Staff Report SHEIKHUPURA: A protest demonstration was held in Sheikhupura on Wednesday against the long power cuts. Long power cuts forced people to take to streets. Protesters ransacked WAPDA office to vent their anger against the load shedding
(No Ratings Yet) Loading ...Nawaz bitterly criticizes govt in Sindh tour
May 8th
Staff Report GARHI KHAIRO: Pakistan Muslim League-Nawaz (PML-N) chief Nawaz Sharif on Tuesday said that Gilani has given sacrifice to save President Zardari and his government.
(No Ratings Yet) Loading ...Pakistan must not be a launchpad for terrorism: Clinton
May 8th
NEW DEHLI: U.S. Secretary of State Hillary Clinton on Tuesday urged Pakistan to do more to make sure its territory is not used as a launchpad for terrorism, underlining the prickly relationship with a key ally in the war on militancy. Clinton made the call during a joint news conference with India’s foreign minister.
(No Ratings Yet) Loading ...Govt defying courts to hide corruption: Imran
May 8th
Staff Report LAHORE: PTI Chairman Imran Khan today accused the federal government of rejecting court’s verdicts to hide its corruption. Speaking to newsmen here, Khan opined common man will also defy courts if the Prime Minister doesn’t accept its verdicts.
(No Ratings Yet) Loading ...US ambassador Munter to Pakistan to step down
May 8th
ISLAMABAD: The US ambassador to Pakistan, Cameron Munter, is to step down this summer after serving less than two years on the job, a US official told AFP on Tuesday. Munter made the announcement to embassy staff on Monday
(No Ratings Yet) Loading ...Pakistan dragging its feet on Mumbai mastermind Hafiz Saeed: Clinton
May 7th
KOLKOTA: U.S. Secretary of State Hillary Clinton said on Monday that Pakistan had not taken enough action against Hafiz Saeed, the Islamist blamed for masterminding the 2008 attack by Pakistan-based gunmen on Mumbai, India’s financial capital
(No Ratings Yet) Loading ...U.S. keeps India waiting on Iran sanctions waiver
May 7th
KOLKATA: U.S. Secretary of State Hillary Clinton leaned harder on India on Monday to deepen cuts of Iranian oil imports, saying Washington may not make a decision on whether to exempt New Delhi from financial sanctions for another two months. Clinton, on a three-day visit to India, said the United States was encouraged by the steps its ally had taken so far to reduce its reliance on Iranian oil but that “even more” action was needed
(No Ratings Yet) Loading ...Nabeel Gabol seeks judicial inquiry into Lyari operation
May 7th
Staff Report KARACHI: Pakistan People’s Party (PPP) leader Nabeel Gabol who was elected MNA from the city area o f Lyari, Monday demanded judicial inquiry into the operation conducted in his constituency. Talking to SAMAA TV, the MNA Gabol noted the operation was a conspiracy that claimed lives of innocent people, adding he personally knows those assassinated in the action.
(No Ratings Yet) Loading ...JCP to meet today for appointment of ad-hoc judges
May 7th
Staff Report ISLAMABAD: The Judicial Commission of Pakistan (JCP) is slated to meet today and decide on approving additional and ad-hoc judges for the Supreme Court, reports SAMAA According to article 181 and 182 of the constitution, judges can be elevated to the Supreme Court when required. On May 1 while addressing the Sibi Bar, Chief Justice Iftikhar Muhammed Chaudhry said that an additional and two ad-hoc judges would need to be elevated to hear the appeal of Prime Minister Gilani’s contempt of court case. The commission led by Chief Justice Chaudhry also includes four senior judges of the Supreme Court, former judge Chaudhry Ijaz Ahmed, the Law Minister, Attorney General and a representative of the Pakistan Bar Council
(No Ratings Yet) Loading ...US missile strike kills 10 militants in Pakistan
May 6th
MIRANSHAH: A US missile attack targeting a militant compound killed at least 10 insurgents in a troubled Pakistani tribal district along the Afghan border early Saturday, according to security officials. The Pakistani officials said two missiles hit and destroyed the compound in Shawal area, some 70 kilometres (45 miles) west of Miranshah, the main town in North Waziristan. Waziristan is the most notorious militant stronghold in Pakistan’s semi-autonomous northwestern tribal belt
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