Zardari gets clean man stamp following Swiss refusal to re-open $60 mln money laundering case

Pakistan News.Net - Wednesday 19th June, 2013

Pakistan President Asif Ali Zardari has become a 'clean' man in a 60 million dollars money-laundering case after the Swiss Government refused to re-open the case. The Swiss Government had sent a letter to the PML-N Government informing about the development after the case was closed by a Swiss court after lapse of a specific period. In February this year, the Swiss Government told the PPP-led ...

India clears Pakistani panels Mumbai visit to probe 2611 attacks

Pakistan News.Net - Wednesday 19th June, 2013

India has given consent to Pakistani authorities probing the Mumbai 26/11 terror attacks to visit the country and cross-examine witnesses. A dossier of related documents has also been sent by the Indian Government to the National Crisis Management Cell (NCMC) of the Ministry of Interior. An eight-member panel from Pakistan had visited Mumbai in April 2012 to cross-examine four key witnesses of ...

Whatmore to review flop Pak players with World Cup 2015 in mind

Pakistan News.Net - Wednesday 19th June, 2013

Pakistan coach Dav Whatmore has said that national team will be reviewed keeping in mind the 2015 World Cup after their dismal performance in the ICC Champions Trophy in England. Poor batting led to Pakistan's defeat in all three matches as they failed to post a single total above 170 runs, with the flop performance prompting calls from former players, media and fans to overhaul the system and ...

Pakistani leader among 29 killed in suicide bombing

Pakistan News.Net - Tuesday 18th June, 2013

A member of the provincial assembly of Pakistan's northwest Khyber Pakhtunkhwa was among 29 people killed in a suicide bombing Tuesday, media reports said. Over 50 people were injured. Independent member Imran Mohmand was killed in the blast at a funeral procession in Mardan, Geo News reported. Police said the blast took place during the funeral procession of Haji Abdullah, a well-known figure ...

Pakistani girl dies in Kashmir border fire

News.com.au - Wednesday 19th June, 2013

A PAKISTANI girl has been killed after Indian troops opened fire across the de facto border that divides disputed Kashmir between the two nuclear-armed rivals, officials ...

Pakistan to address energy with IMF

Middle East Times - Wednesday 19th June, 2013

Pakistan said it would brief the International Monetary Fund on plans to address the energy crisis as part of a financial bailout package. Pakistan started talks Wednesday with IMF delegates on its request for a $5 billion bailout package. Pakistani newspaper Dawn reported the government was working to cut its fiscal deficit from 8.8 percent to 6.3 percent of gross domestic production for the ...

Investors to gain access to Pakistan with imminent fund launch

European Pensions - Wednesday 19th June, 2013

The first Pakistan fund, the Melchior Selected Trust Pakistan Opportunities Fund (MSTPOF), will be launched on 19 June by Dalton Strategic Partnership LLP, advised by KASB Funds in Karachi. At launch, it is believed that MSTPOF will be the only Luxembourg UCITS Fund dedicated to investing in Pakistan equities. Dalton Strategic Partnership LLP believes that Pakistan warrants particular ...

Pakistan violates ceasefire after Army foils another infiltration bid

India Today - Wednesday 19th June, 2013

As the infiltration bid was foiled, Pakistani troops opened heavy firing on Indian posts in Mandi, Krishna Ghati and Chakan-Da-Bagh in Poonch ...

Pakistani community gives envoy fond send-off

Gulf News - Wednesday 19th June, 2013

The event, at Grand Midwest hotel in Dubai Media City on Friday, was attended by Pakistan Association Dubai members and dignitaries from the wider Pakistani community in the ...

Pakistan closes university and hospital after fatal attacks

Middle East Times - Wednesday 19th June, 2013

Pakistani have authorities closed Sardar Bahadur Khan Women's University and Bolan Medical Complex in Quetta after terrorist attacks killed nearly 90 ...

Pakistan cricket board ordered to name new chief

Fox News - Wednesday 19th June, 2013

Zaka Ashraf speaks at a press conference in Dubai last year. A Pakistani court Wednesday ordered the government to appoint an interim head of the cricket board, after the current chairman was suspended over a legal challenge to his ...

Pakistan discovers new gas reserves

National Turk - Wednesday 19th June, 2013

Islamabad, June 19/Nationalturk- In what could be termed as a good news for the country facing energy crisis, a huge reserves of natural gas have been discovered in Southern Pakistan. "Huge reserves of natural gas have been discovered in Sindh province of Pakistan. 39 million cubic feet gas reserves have been discovered during the drilling of wells in Sanghar area in Sindh," ...

Pakistan seeks IMF bailout

Asia News Network - Wednesday 19th June, 2013

Pakistan and the International Monetary Fund (IMF) are opening on Wednesday week-long discussions on Islamabad's latest fiscal and macroeconomic adjustments and its request for a possible US$5 billion bailout package for repayment of the fund's outstanding loans. A senior official of the ministry of finance said the government had made a fiscal adjustment of about 2.5 percent of GDP ...

Five More Killed in Karachi Violence

Bahrain News Agency - Wednesday 19th June, 2013

Islamabad, June 19 (BNA) - Five more persons were killed in overnight firing and violence incidents in different parts of this mega-metropolis city, Pakistan's Geo News reported Wednesday morning. Police said that unknown persons opened fire on a vehicle killing van driver Imran at sector 5-C2 of North Karachi in the vicinity of Khawaja Ajmernagri police station. One person was shot ...

Pakistan funeral bombs death toll rises

News.com.au - Wednesday 19th June, 2013

THE death toll from a suicide attack at a funeral in Pakistan has risen to 34 after seven victims died overnight in hospital, police ...

Pakistan’s new government delivers pro-business budget

wsws.org - Wednesday 19th June, 2013

Pakistan's newly-installed government of Nawaz Sharif's Pakistan Muslim League (PML-N) announced its first budget amid slow economic growth, a massive fiscal deficit and dangerously depleted foreign reserves. The government also faces declining foreign investment, a chronic power crisis and double digit inflation. The budget is a desperate attempt to encourage investment, while cutting ...

Pakistans Champions Trophy defeat prompts Whatmores exit

New Kerala - Wednesday 19th June, 2013

Islamabad, June 18 : Pakistan's defeat in the Champions Trophy has prompted calls from former players, media and fans to overhaul the system and ditch coach Dav Whatmore and under-performing ...

PTI leader calls out Pakistan govt on drone attacks

Asia News Network - Wednesday 19th June, 2013

During Tuesday's session of Pakistan's National Assembly, Pakistan Tehrik-i-Insaaf (PTI) leader Dr Shireen Mazari drew the speaker's attention to the issue of US drone attacks on Pakistani territory, DawnNews reported. Mazari said drone attacks could not be responded to with mere protests, stressing that the government would have to adopt more significant measures. She said even ...

Suicide blast at Pakistan funeral kills 28 including lawmaker

Asia News Network - Tuesday 18th June, 2013

At least 28 people, including a provincial lawmaker of the Pakistan Tehrik-i-Insaf (PTI), were killed Tuesday when a suicide bomber detonated his explosives during a funeral procession in Mardan district of restive Khyber Pakhtunkhwa province. At least 57 other people were also injured in the blast, said Jaffar Khan, the Deputy Inspector-General (DIG) of police in Mardan. KP Information and ...

Bomber targets mourners at Pakistan funeral 29 dead

Tribune Review - Tuesday 18th June, 2013

PESHAWAR, Pakistan -- A suicide bomber blew himself up in a crowd of hundreds of mourners attending a funeral on Tuesday in northwestern Pakistan, killing 29 people. Among the dead was a newly elected lawmaker who may have been the target, authorities ...

Suicide bomber attacks mourners in Pakistan

New Zealand Herald - Tuesday 18th June, 2013

A suicide bomber blew himself up in a crowd of hundreds of mourners attending a funeral in northwestern Pakistan on Tuesday, killing 29 people. Among the dead was a newly elected lawmaker who may have been the target, authorities said. The blast was the deadliest attack in the region since May 11 national and regional elections installed a new government in the northwestern province of Khyber ...

20 people killed in bombing at funeral in Pakistan

Middle East Times - Tuesday 18th June, 2013

Police in Pakistan were trying to determine if a suicide bombing Tuesday that killed 20 mourners at a funeral was aimed at one victim, a provincial legislator. The funeral in Mardan, a small city 85 miles northwest of Islamabad in Khyber-Pakhtunkhwa, was for a man who was gunned down Monday, USA Today reported. Imran Mohmand, an independent who was elected to the provincial assembly May 11, was ...