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April 20, 2006 Thursday Rabi-ul-Awwal 21, 1427


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‘No PSDP funds for provinces’
ISLAMABAD, April 19: The provinces will no longer receive funds from the federal divisible pool from the next financial year due to an increase in their share in the revised National Finance Commission (NFC) award announced last year....
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Inflation poses challenge to stability: SBP
KARACHI, April 19: The State Bank of Pakistan (SBP) on Wednesday said it would maintain a tight monetary policy on account of the unstable downtrend in inflation which continued to pose a serious challenge to macroeconomic stability....
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Indian offer to modify design welcomed: Kishanganga project
ISLAMABAD, April 19: Pakistan on Wednesday welcomed with guarded optimism India’s offer to modify its controversial Kishanganga project and hoped India would submit its revised plan at the earliest for Islamabad’s consideration....
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Opposition alleges ‘manipulated bidding’ for Steel Mills
ISLAMABAD, April 19: Opposition lawmakers in the National Assembly on Wednesday questioned the recent privatisation of Pakistan Steel Mills but failed to push for a parliamentary probe into the issue before...
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Saudi Arabia brokering peace in subcontinent
RIYADH, April 19: Saudi Arabia was brokering peace between Pakistan and India, Crown Prince Sultan bin Abdul Aziz told the press here on Tuesday evening after his return from a tour...
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PPP, PML-N defer signing of democracy charter
LAHORE, April 19: The charter of democracy, being finalised by the PPP and the PML-N these days, is expected to be announced some time next month, say PPP sources....
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Thar project site to be changed
ISLAMABAD, April 19: The proposed 1,000mw Thar Coal Power Project in Sindh is facing serious technical problems and it will now require a fresh feasibility study based on a new project site....
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India should uphold ban on N-tests: US    
 WASHINGTON, April 19: The US said on Wednesday that India made a commitment to maintain its unilateral ban on atomic testing when it signed an agreement for nuclear cooperation with Washington....
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Police avert rail disaster; two held
QUETTA, April 19: Law-enforcement agencies have arrested two suspected saboteurs when they were unlocking fish plates of the Sibi-Harnai railway track on Wednesday while an attempt to derail two Quetta- bound passenger trains were foiled in Jaffarabad area....
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Militants behead ‘US spy’
MIRAMSHAH, April 19: Suspected militants beheaded a tribesman in the Mirali tehsil of North Waziristan Agency on Tuesday night. According to officials, Waseeullah, a resident of Sira Tala, had been kidnapped from the Mirali town earlier in the day....
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Nato-ISAF given member status: Tripartite Commission
ISLAMABAD, April 19: Pakistan, the United States and Afghanistan Tripartite Commission has given Nato-ISAF full member status of the commission....
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US asks Russia to end N-ties with Iran
MOSCOW, April 19: The United States on Wednesday called for an end to Russia’s cooperation with Iran in building the latter’s first civilian nuclear power station and also suggested halting a sale of Russian missiles....
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Afghan refugees to be registered
ISLAMABAD, April 19: The government on Wednesday signed a memorandum of understanding (MoU) with the UN High Commission for Refugees (UNHCR) for the registration of Afghan refugees in the country....
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Punjab, centre disagree on wheat procurement
LAHORE, April 19: The federal government on Wednesday increased the wheat procurement target for Punjab to three million tons, but the provincial government is persisting with its programme to procure two million tons....
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Ten killed in Sri Lanka
COLOMBO, April 19: Ten more people have been killed in Sri Lanka, police and Tamil Tiger rebels said on Wednesday, as two Claymore mine blasts wounded four people....
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Peace process with Pakistan on track: minister
NEW DELHI, April 19: India on Wednesday said a peace initiative launched more than two years ago to improve ties with Pakistan and resolve the dispute over Kashmir had not failed or lost momentum....
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Oil prices hit record
LONDON, April 19: World oil prices on Wednesday struck fresh historic peaks above 74.0 dollars in London and close to 72.0 dollars in New York on global supply concerns....
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India level series
ABU DHABI, April 19: India on Wednesday avenged Tuesday’s defeat in the second ODI cricket match series, by winning it by 51 runs....
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