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| June 15, 2006 | Thursday | Jumadi-ul-Awwal 18, 1427 |
Welcome to DAWN, Pakistan's most widely circulated English language newspaper
Updated round-the-clock, with a major update before 10:00 PST (05:00 GMT)
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KSE acts to stem market decline: Biggest single-day fall
KARACHI, June 14: The Karachi Stock Exchange Index of 100 shares collapsed by 548 points on Wednesday, which represented the biggest ever single-day decline in the history of the exchange.... 
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No handover of PSM till verdict, court assured
ISLAMABAD, June 14: The Supreme Court was assured on Wednesday that the Pakistan Steel Mills (PSM) will not be handed over to the new management till its hearing on accusations of non- transparency in the multi-billion sale is over....
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Operation launched in Kohlu district
QUETTA, June 14: Security forces launched an operation in some areas of tehsil Kahan of Kohlu district on Wednesday. According to reports received here, troops attacked what was described as...
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Rs274bn budget for Punjab
LAHORE, June 14: Punjab’s tax free revenue budget of Rs274.088 billion, proposing a revenue expenditure of Rs191.378 billion and indicating a revenue surplus of Rs82.71 billion, and record development programme of...
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MQM demands political, fiscal autonomy for provinces
ISLAMABAD, June 14: The Muttahida Qaumi Movement has demanded through its proposals on the budget that the provinces should be granted complete political, administrative and fiscal autonomy....
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Balochistan hit hard by declining gas revenue: Reservations on GDS
QUETTA, June 14: The government of Balochistan is facing serious financial difficulties because of sharp declines in its gas revenue, particularly the Gas Development Surcharge (GDS), over the years....
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Irsa announces further cut in provinces’ water share
ISLAMABAD, June 14: The Indus River System Authority (Irsa) on Wednesday enhanced the cut in the provinces’ water share to 19 per cent owing to an ‘excessive drop in the inflows’, an announcement said....
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100 utility stores to be set up
ISLAMABAD, June 14: The federal government on Tuesday approved setting up of 100 utility stores and 16 related warehouses to provide subsidised food items to more people and transferred the responsibility of coal-based gas operations to Sindh and other provinces....
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Crackdown on ginger traders in Islamabad
ISLAMABAD, June 14: Owners of ginger treatment plants went underground as the local administration conducted raids in various areas, looking for acid-treated ginger, an official source told Dawn on Wednesday....
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Militants behead suspected ‘US spy’
MIRAMSHAH, June 14: Officials on Wednesday said they had found the headless body of a man suspected by militants to be an ‘American spy’ in the Ghulam Khan area near the Afghan border in the North Waziristan Agency....
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Consultations under way for new HC to India
ISLAMABAD, June 14: As tenure of Pakistan’s High Commissioner to India Aziz Ahmed Khan nears end, consultations are under way in Islamabad to find an appropriate person to replace him....
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Girls saved from marriage in exchange for buffaloes
KARACHI, June 14: A court has barred the forced marriage of two girls into a rival family to compensate for a dispute over payment for three buffaloes, officials said on Wednesday....
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Fazl has several reservations on charter
ISLAMABAD, June 14: Expressing reservations over the charter of democracy signed by former prime ministers Benazir Bhutto and Mian Nawaz Sharif, the leader of opposition in the National Assembly and MMA...
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Tight security for Shanghai summit
SHANGHAI, June 14: Chinese authorities threw a massive security curtain around the country’s largest city Shanghai on Wednesday, before a regional meeting of Asian countries beginning on Thursday....
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15 die in Balakot accident
BALAKOT, June 14: At least 15 people were killed when a jeep plunged into the Kunhar River here on Wednesday. The jeep, going to Bhonja from Farid Abad, fell into the river while negotiating a narrow turn in the Chanja area....
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Iranian consulate in Basra attacked
BASRA, June 14: A crowd accusing Iranian television of insulting an Iraqi cleric attacked Iran’s consulate in the city of Basra on Wednesday, setting fire to an annex of the compound, Reuters television footage showed....
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Italy starts pulling troops out of Iraq
ROME, June 14: Italy began on Wednesday a further reduction of its troop strength in Iraq, which will be down to 1,600 men by the end of June, the military high command said....
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Sindh budget today
KARACHI, June 14: Sindh’s Senior Minister Syed Sardar Ali Shah will present the provincial budget with an outlay of Rs165-170 billion in the provincial assembly on Thursday....
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Germany beat Poland
DORTMUND, June 14: Germany ended their 10-year jinx against fellow-European opponents with a last gasp goal from Oliver Neuville on Wednesday when the World Cup hosts beat Poland 1-0 in Group A....
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PML-N for provincial autonomy
RAWALPINDI, June 14: The Pakistan Muslim League (PML-N) on Wednesday said a strong centre without giving autonomous status to all the federating units does not guarantee a strong Pakistan....
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