Indian PM wants Pakistan to co-operate and dismantle terrorists network

2009-07-16 22:26:17 (GMT) (Caymanmama.com - Pakistan News News)

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Pakistan news of July 16, 2009 in passing

Indian PM wants Pakistan to co-operate and dismantle terrorists network
Another energy crises in the making - Pakistan State Oil signals the government to pay due bills
Militants seek refuge in Tajikistan - Swat valley aftermath to be faced by Tajikistan
Local bodies system being dismantled by Pakistani authorities
Karachi Stock gains trim down due to early profit taking

Indian PM wants Pakistan to co-operate and dismantle terrorists network

Sharm El-Sheikh (Business Recorder): During the NAM summit while speaking to the attendants the Indian Prime Minister, Manmohan Singh stressed on the need of breaking the terrorists network. He said, “The infrastructure of terrorism must be dismantled and there should be no safe haven for terrorists because they do not represent any cause, group or religion, terrorists and those who aid and abet them must be brought to justice.”

The Indian PM will be meeting his Pakistani counterpart on the sideline on the NAM summit wherein the two leaders will discuss co-operation and restart of talks that were discontinued due to Mumbai blasts.

Another energy crises in the making - Pakistan State Oil signals the government to pay due bills

Islamabad (Business Recorder): The government of Pakistan immediately needs to release Rs. 30 million outstanding to the oil refineries and the international suppliers of oil. The non compliance or delay in the payment will create another energy crises in the country.

According to the Business Recorder news, “Petroleum Ministry revealed that they received SOS letter from PSO Managing Director on Wednesday, a copy of which has been sent to the Finance Ministry, requesting Advisor to Prime Minister on Petroleum and Natural Resources Dr Asim Hussain to intervene for immediate release of Rs 30 billion.”

Militants seek refuge in Tajikistan - Swat valley aftermath to be faced by Tajikistan

Tavildara (Business Recorder): Swat valley war, operation against the militants in the frontier has send militants hunting for new safe havens. Tajikistan seems to be their logical choice. AFP reports that Islamists extremists are fleeing the war zone and trying to enter Tajikistan, the ex-Soviet state. According to a Western diplomate who told the AFP that, “We know that something has happened, that most probably it involves the people who have been mentioned, and that it is probably a spillover from the Swat Valley operations.”

Local bodies system being dismantled by Pakistani authorities

Karachi (Business Recorder): Administrators are being appointed by the provincial government instead of Mayors. The local government system set by the former President Musharraf is about to go. The MQM has demanded fresh local bodies polls in 3 months.

The Sindh governor, Dr. Ishrat-ul-ibad Khan sent signal that he favored MQM’s stance on the local bodies polls and said that any change would hinder the development process in the city of Karachi.

Karachi Stock gains trim down due to early profit taking

Karachi (Business Recorder): The stocks responded well to the news of re launch of deliverable futures. The investors took interest in buying the scrips with the KSE-100 index shooting up by 113.29 points by mid day. The early profit taking brought the shares price index down to 7,686.15 points with the gain of 54.49 points at the days end.

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