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Latest Pakistan news of November 10, 2008 - Raid on Al-Qaeda inside Pakistan authorized by Pentagon

2008-11-10 15:19:01 (GMT) (Caymanmama.com - Pakistan News News)



Pakistan news of November 10, 2008 in passing is published in Caymanmama press release distribution service

  • Raid on Al-Qaeda inside Pakistan authorized by Pentagon
  • Pakistan - US relations hurt due to drone attacks - Durrani
  • Zardari’s visit to China and Saudi Arabia fail to generate ready cash of $5 billion
  • Exchange company owners behind bars on money laundering charges
  • Sad Story of Karachi Stock Exchange - Weekly review

Raid on Al-Qaeda inside Pakistan authorized by Pentagon

Washington (New York Times report): New York Time’s website reported yesterday that the Pentagon got its secret authority from the former Defense secretary Donald Rumsfeld through a secret order with the approval of President Bush, to attack Al-Qaeda hideouts in Pakistan. New York Time reports further said that each operation, despite of the given authority required high level government approval. 15 to 20 countries including Pakistan, Yemen, Syria, Saudi Arabia were on the list of Pentagon, countries not at war with US, to be attacked to clean out Al-Qaeda.

Pakistan - US relations hurt due to drone attacks - Durrani

New York: Mahmud Ali Durrani, the National Security Advisor, has said that the continuous attacks inside Pakistan through US drones have affected US - Pakistan relations and is continuously harming the cordial relationship between the two countries. During an interview he said “It is very distracting for us. There’s collateral damage as well, which upsets the people. So it is not helping our plan. It really throws a spanner in the works,”

Zardari’s visit to China and Saudi Arabia fail to generate ready cash of $5 billion

Islamabad: China and Saudi Arabia are ready to help Pakistan in different ways, says Shaukat Tareen. He also mentioned that Zardari came back empty handed from his official tours of China and Saudi Arabia where he expressed his need for cash financing of $5 billion for Pakistan, to pull the country out of the balance of payment crises. Both the countries, he said, are ready to help Pakistan but in a different way than requested.

Mr. Tareen also pointed out that the count down for making a formal request to IMF has started and asserted that the conditions imposed by the IMF are not hard. He said that IMF wants Pakistan to fulfill all promises it makes before the financial assistance is given to it.

Exchange company owners behind bars on money laundering charges

Lahore: The Federal Investigation Agency, in its major crack down on the Foreign Exchange companies arrested 25 licensed currency dealers on charges of money laundering. Javed Khanani of Khanani & Kalia was taken into custody and was taken for interrogation. The arrested people are facing charges of “illegal physical transfer of foreign currency from Pakistan” said an FIA official. State Bank of Pakistan has suspended the license of the Exchange company Khanani & Kalia for 30 days till the FIA completes its interrogation and comes out with the actual findings.

Sad Story of Karachi Stock Exchange - Weekly review

Karachi: The past week saw dull and weak trading at the stock exchange in Karachi where most of the week the share price index remained stagnant. Karachi Stock Exchange witnessed the lowest trading volume of 78,500 shares in a single trading session last week. The share price index remaining at 9,183 points not swaying yet resisting further decline due to floor freeze. The Rs.20 billion fund is still unavailable - leading to further uncertainty on the trading floor.

Visit http://www.dawn.com/2008/11/10/index.htm for details on the above Pakistan news



buzreporter · Filed Under Pakistan News 

CaymanMama.com - Press Release Distribution Service

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