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Ministry of Interior to administer ISI, IB ISLAMABAD: Prime Minister Syed Yousuf Raza Gilani has placed Intelligence Bureau (IB) and Inter-Services intelligence (ISI) under the jurisdiction of Interior ministry.
A memorandum issued by the Cabinet Division here on Saturday placed the administration; financial and operative control of both the organisations under the interior ministry and came into immediate effect, in accordance with rule 3 (3) of the business, 1973 ... |
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Authorities draw line on sugar export ISLAMABAD: The Daily Economic Monitoring Committee on Saturday advised the Ministry of Commerce to immediately impose ban on export of sugar and notify removal of import duty on sugar import by private sector in consideration of increased domestic consumption and in order to stabilise the prices. ... |
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Blow-ups galore in India's Ahmedabad; at least 21 killed AHMEDABAD, (India): Nearly 19 small bombs exploded in the western Indian city of Ahmedabad on Saturday, killing at least 21 people and wounding 55 others, just a day after another set of blasts in the country's southern IT hub, officials said. On Friday, eight bombs exploded in quick succession in the southern IT city of Bangalore, killing at least one person and wounding six others. ... |
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FBR head asks hands to better tax-to-GDP ratio ISLAMABAD: Chairman, Federal Board of Revenue and Secretary, Revenue Division, Ahmed Waqar called upon the tax machinery to gear up its efforts to improve tax-to-GDP ratio which at present was not up to the reasonable level and low even in the region. ... |
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PSM may take a 24hr break as coke stocks run low Monitoring Desk
KARACHI: Pakistan Steel Mills (PSM)'s reserves of coke vital for the production of steel are on the brink of exhaustion today that has bolstered the fears that steel production might be halted. ... |
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OMCs say no margins no new investment Monitoring Desk
KARACHI: Oil Marketing Companies (OMCs) are found to have threatened the government to defer future investments, if the freeze on petroleum products' profit margin was not removed. ... |
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Musharraf says strong Pak-US ties are of great import RAWALPINDI: President Pervez Musharraf underlined the importance of a strong relationship between Pakistan and US on Saturday. He was talking to a leading US foreign policy analyst Dr Harlan Ullman who called on him, a Foreign Ministry statement said. He reiterated Pakistan's firm resolve to fight extremism and terrorism, it said. ... |
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State Bank may sound off monetary policy on 29th KARACHI: State Bank of Pakistan is likely to announce the monetary policy on July 29 with a view to further tighten it as analysts said it would help rein in soaring inflation which is at a 30-year high. The State Bank is due to announce its monetary policy on July 29, sources told Reuters. The central bank will officially announce the date on Monday. ... |
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Pakistan, Britain agree to cooperate against terror Tribesmen won’t welcome allied forces in their territories
BIRMINGHAM: Pakistan and United Kingdom share a common interest in tackling extremism and terrorism through economic and social development and uplift of the tribal areas. ... |
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Iran says oil could reach $500 on USD, politics TEHRAN: Iran's Opec governor said world oil prices could reach as high as $500 per barrel in a few years' time if the US dollar falls further and political tension worsens, an Iranian weekly said. "If the dollar's value continues to decrease and if the political crisis becomes worse, the oil price would reach up to $500," Mohammad Ali Khatibi told Shahrvand-e-Emrooz in an interview published on Saturday. ... |
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