Rs389bn Punjab budget unveiled: Rs17bn allocated for pro-poor subsidy
LAHORE, June 16: Punjab’s coalition government announced on Monday its first revenue budget of Rs389.896 billion for 2008-09 and set aside Rs17 billion for pro-poor subsidies....
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Rs267.7bn deficit budget for Sindh
KARACHI, June 16: Sindh Chief Minister Syed Qaim Ali Shah presented on Monday a Rs 267.76 billion budget for 2008-09 in the Sindh Assembly. The budget has an estimated deficit of...
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NWFP presents Rs107bn surplus budget
PESHAWAR, June 16: NWFP Finance Minister Mohammad Humayun Khan on Monday presented a tax-free budget of Rs107.904 billion containing a surplus of Rs345.561 million for the coming financial year....
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Afghan envoy told of nation’s outrage
ISLAMABAD, June 16: The Foreign Office on Monday summoned the Afghan ambassador to lodge protest over President Hamid Karzai’s threat of military incursion into tribal areas of Pakistan....
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Bush upholds Afghan threat
LONDON, June 16: President Bush has virtually backed President Karazai’s threat to send troops into Pakistan in hot pursuit of Taliban as in answer to a question on the issue at...
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Senate condemns vitriolic Karzai
ISLAMABAD, June 16: Lawmakers in the Senate on Monday took serious notice of the threatening language of Afghan President Hamid Karzai against Pakistan and described it as a great betrayal by...
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Hot pursuit remarks not directed against Pakistan, says Karzai
KABUL, June 16: Reiterating his stand on hot pursuit targeting ‘terrorist sanctuaries in Pakistan,’ Afghan President Afghan Karzai said on Monday that his statement was not directed against Pakistan....
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PBC apologises for ‘honest mistake’
ISLAMABAD, June 16: The Pakistan Bar Council (PBC) has asked the legal fraternity to forgive their leadership for an ‘honest mistake’ made on Saturday when the long march was called off without staging a sit-in for ‘even a day’....
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PPP to control presidency: Asif
LAHORE, June 16: Pakistan People’s Party (PPP) co-chairman Asif Ali Zardari mocked the lawyers’ long march on Monday and declared his party would soon control the presidency....
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MNAs seek increase in farm production
ISLAMABAD, June 16: Members of the National Assembly belonging to different political parties on Monday called for taking steps to boost agricultural output to cope with an unprecedented food shortage and for introducing aggressive tax reforms to broaden the tax net....
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‘Parallel economy a threat to welfare plans’
ISLAMABAD, June 16: The country’s black economy is estimated to have grown to be half as big as the formal economy, which yields a GDP of $166 billion....
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Four killed in bomb attack
DERA ISMAIL KHAN, June 16: Four people, including a child, were killed and three others were injured when unidentified assailants lobbed a bomb into a mosque here on Monday evening....
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Canada urges calm after Karzai statement
TORONTO, June 16: Canadian Defence Minister Peter MacKay called on Sunday for calm and urged a diplomatic approach to growing tensions between Afghan and Pakistan officials....
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Oil climbs to record high
NEW YORK, June 16: Crude oil futures hit a record near $140 a barrel on Monday as investors shrugged off Saudi Arabia’s promise to boost production and instead focused on a weaker dollar....
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US concerned over N-design distribution reports
WASHINGTON, June 16: The White House has said it is concerned that the Khan network may have distributed designs of nuclear warheads and uranium enrichment technology among the so-called rogue nations....
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US general feels Afghans picking on Pakistan
WASHINGTON, June 16: There is not a Pakistani miscreant behind every tree in Afghanistan, says a US general, Daniel McNeill, who commanded Nato forces in that country until last week....
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Struggle is for rule of law, Iftikhar tells US audience
WASHINGTON, June 16: Deposed Chief Justice Iftikhar Mohammad Chaudhry told his first tele-conference in the United States on Monday that he was struggling to restore the supremacy of the Constitution and the rule of law in Pakistan....
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TV channel seeks apology from SECP
KARACHI, June 16: GEO TV has demanded an apology from the Securities and Exchange Commission of Pakistan (SECP) for alleging that a news item on the network was responsible for causing...
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