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US puts Pakistan plan into action
2009-06-25 14:24:51 (GMT) (Caymanmama.com - Pakistan News News)Latest Pakistan news of June 25, 2009 in passing
US senate approves heft aid package for Pakistan
Pakistan energy sector - Government of Pakistan comes to rescue with stimulus package
Swat under control - Government employees asked to resume the offices
Gates warn Gulf countries from effects of Pakistan / Afghanistan terrorism war
Uncertainty clinches KSE-100 index
US senate approves heft aid package for Pakistan
Washington (Dawn.com): US1.5 billion aid for the next five years to fight extremism and economic development was approved by the US senate yesterday. The two tear purpose of the aid include on one hand aid money to fight the terrorists and the insurgents and on the other the other half of the aid money would be used to develop Pakistani economically. The development of social sector, schools, judicial system and for economic development.
Pakistan energy sector - Government of Pakistan comes to rescue with stimulus package
Islamabad (Dawn.com): Pakistan government at last takes steps to bring the energy sector out of crises. The Ministry of Finance issued guarantees worth Rs.24 billion to Pakistan Electric Power Company to address the need of money of the power generating companies. Under the stimulus package Hubco, Pepco, KESC and PSO will be receiving their shares that will help them to reduce debts.
Swat under control - Government employees asked to resume the offices
Islamabad (Dawn.com): With the promise that the security forces will provide security forces will provide cover to the government employees, the government officials have been asked to rejoin the offices in Swat. According to the official report, ‘All major towns of Swat are under the control of security forces.’
The official statement made by the Pakistan military read as, ‘The Pakistan Army will cooperate with the local administration to rehabilitate the locals and also will help in development in the restoration of the civic facilities in the area.
Gates warn Gulf countries from effects of Pakistan / Afghanistan terrorism war
Washington (Dawn.com): Robert Gates spoke to the heads of 11 Gulf Counties and warned them about the spill of terrorists networks to the other Gulf Countries as the result of massive full scale war against the terrorists in the Pakistan and Afghanistan. He said, ‘The serious security situation in Afghanistan and Pakistan … also has important implications for the Middle East.’
‘As we have seen from attacks and al-Qaeda planning and activities across the Middle East and Europe, the danger reaches far beyond the borders of Afghanistan and Pakistan,’ he added.
Uncertainty clinches KSE-100 index
Karachi (Business Recorder): Uncertainty regarding the imposition of new taxes and absence of leverage products forced the investors to loose their confidence and as such the trading seized to move forward. The trading activities remained minimum and the index swayed between 7,023.48 points and 6,688.71 points. The KSE-100 managed to close positive with additional 2.41 points on board.
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