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
工作人員報告伊斯蘭堡: 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
Forming policy to help widows is govt’s responsibility: Fiza Gilani
May 23rd
工作人員報告伊斯蘭堡: Pakistan’s Goodwill Ambassador for Women Empowerment Fiza Batool Gilani said on Wednesday that forming a policy to help widows is the responsibility of government. While addressing in a two day workshop organized by an NGO on ‘Single women’s rights’, she said that problems of the widows cannot be ignored. ‘They will feel safe if they get a good job’, Fiza said during her address.
Big powers, Iran meet in Baghdad to ease nuclear standoff
May 23rd
BAGHDAD: World powers began talks with Iran on Wednesday to test its readiness under pressure of sanctions to scale back its nuclear programme, seeking to ease a decade-old standoff and avert the threat of a Middle East war.
Russia says Iran ready to discuss nuclear gestures
May 23rd
MOSCOW: Russia said on Wednesday that Iran appears ready to agree specific steps to end a standoff over its nuclear programme but warned that additional U.S. sanctions would undermine efforts to ensure Tehran does not develop atomic weapons.
Afghan girls poisoned in second anti-school attack
May 23rd
TALIQAN: More than 120 schoolgirls and three teachers have been poisoned in the second attack in as many months blamed on conservative radicals in the country’s north, Afghan police and education officials said on Wednesday.
US resents Dr Afridis sentence
May 23rd
The US department of defense has reacted to Dr Shakil Afridi s sentence and said that Dr Afridi only provided helpful intelligence with regards to the operation, and he did not commit any act of treason towards Pakistan. The department spokesperson added that Pakistan and the United States have a common cause here against terrorism, have a common cause against al Qaeda.
中美. hopes for breakthrough in Pakistan NATO supply route talks
May 23rd
新華社伊斯蘭堡: The United States hopes Pakistan will soon agree to re-open supply routes to NATO troops in Afghanistan, a U.S.
Pakistani doctor imprisoned for helping CIA find bin Laden
May 23rd
PESHAWAR: A Pakistani doctor accused of helping the CIA find Osama bin Laden has been jailed for 33 years for treason, television channels and a local government official said.


















































