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Pakistan news of July 18, 2008

2008-07-18 17:36:19 (GMT) (Caymanmama.com - Pakistan News News)

Pakistan news of July 18, 2008

Investors / traders frustration peaks as Karachi Stock Exchange as decline continues for the 16th day
83% people of Pakistan wants President Musharraf must go
NWFP government receive threats from Tehrik-e-Taliban
Pakistan Petroleum import bill surges by 55%
Pakistan exports of non textile goods rise by 40%

Investors / traders frustration peaks as Karachi Stock Exchange as decline continues for the 16th day

Karachi: The trading session at Karachi Stock Exchange opened with a massive downfall of 400 points. The frustration of traders and investors touched its peak on the 16th consecutive day when they saw the value of their investment melting. Traders resorted to violence started pelting stones, breaking glass panes and chanted slogans against the KSE management and the government. Rangers and police had to be summoned to disperse the crowd. Story at Lahore and Islamabad stock exchanges is no different.

83% people of Pakistan wants President Musharraf must go

Islamabad: The survey report release by International Republican Institure (IRI) reveals that almost 83% of people of Pakistan want Musharraf out of the office of President. 85% think that Pakistan is headed in the wrong direction. Nawaz Sharif has turned out to be the most popular leader. 67% wants Dr. A. Q. Khan to be the next President of the country. Deposed Chief Justice, Iftikhar Chaudhry and Shahbaz Sharif, brother of PML-N chief Nawaz Sharif sharing the 3rd position in popularity rating with 65%.

NWFP government receive threats from Tehrik-e-Taliban

Khar: Baitullah Mehsud through his spokesman Maulvi Umar has sent a message to NWFP government. He has asked the provincial government either to resign or face consequences. He said the newly elected government has failed to restore peace and said that the NWFP government is responsible for lawlessness in tribal areas.

Pakistan Petroleum import bill surges by 55%

Islamabad: According to the official news release petroleum import bill of Pakistan has gone up by 55%. Increase is attributed to increase in the international oil prices and increase in the consumption of oil in the country.

Pakistan exports of non textile goods rise by 40%

Islamabad: Statistics division release the data on Pakistan exports which show that despite the decline in Pakistan textile and clothing exports, exports of non textile good showed a rise of 40%.

Textile exports failed to meet the export target last years and fetched $10.561 billion, whereas non textile goods bagged $8.659 billion. A significant rise from $6.189 billion from last year. The major non textile items exported were cement, leather goods, rice, petroleum products, engineering goods and sports goods.

For more details on the above news visit: http://www.dawn.com/2008/07/18/index.htm 



buzreporter · Filed Under Pakistan News 

CaymanMama.com - Press Release Distribution Service

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