Micromanaging Pakistan’s affairs

2009-10-15 20:10:02 (GMT) (Caymanmama.com - Pakistan News News)

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Latest Pakistan news of October 15, 2009 in passing

Addendum to Kerry - Lugar Bill clarifies controversial clauses
Fear of South Waziristan operation forces 90,000 residents to flee from the area
Gilani offers investment opportunities to Chinese investors - Power, building of Dams and oil and gas exploration discussed
Pakistan government might be forced to seek addition $874 million from IMF
Rumors of relaxation of rules in Client Level Margins boost KSE trading - index up by 118 points

Addendum to Kerry - Lugar Bill clarifies controversial clauses

Washington (Dawn.Com): The joint explanatory statement issued by the US congress yesterday clarifies that points which gave rise to controversies in Pakistan. The attached note says that US does not intend to interfere or manage Pakistan’s internal affairs nor does any clause in the bill focuses on managing military transfers and promotions. The note also clarifies that US does not intend to manage Pakistan’s internal operations.

Fear of South Waziristan operation forces 90,000 residents to flee from the area

Dera Ismail Khan (Dawn.com): Around 90,000 residents of South Waziristan started to shift their bases upon fear of military operation in the area. ‘People are coming out of the area and around 90,000 people have left the area and have been shifted to safer places in Dera Ismail Khan and Tank,’ said the Tank’s administrative office. One of the resident told the reporters that, ‘I left the area because the government is going to launch an operation against the Taliban.’

Gilani offers investment opportunities to Chinese investors - Power, building of Dams and oil and gas exploration discussed

Beijing (Dawn.com): The Pakistani Prime Minister, Yousuf Raza Gilani, invited the Chinese businessmen to invest in building small and medium sized dams. He brought to the attention of the attendants of the Chinese Trade and Investment Cooperation Pakistan needs of increasing the electricity generating capacity to meet the country rising power needs. He said, ‘Our energy requirements have increased rapidly and we are offering investment opportunities in oil and gas exploration and power generation sectors.’

Pakistan government might be forced to seek addition $874 million from IMF

Islamabad (Dawn.com): In case if the Kerry - Lugar bill is delayed due to the controversies that have arises due to certain clauses, Pakistan might have to go back to IMF for an additional aid of $874 million, as an standby arrangement.

Rumors of relaxation of rules in Client Level Margins boost KSE trading - index up by 118 points

Karachi (Dawn.com): The stock surged by 118.21 points on the back of rumors of relaxation in the Client Level Margins rules. The stock exchanged closed wit 9,804.61 points on board with investors mainly thronging to buy shares of auto and oil sectors.

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