Gilani calls on Zardari

Lahore trendpk.com: Prime Minister Yousuf Raza Gilani called on President Zardari and took stock of the prevailing political situation of country, trendpk.com reported on Tuesday.

The two leaders also deliberated upon the recent visit of Chinese PM Wen Jiabao besides the demands of MQM delegations.

President Zardari also discussed his probable visit to Turkey with the PM. Later, the President joined Gilani on luncheon.

State Bank increases discount rate by 14 percent

Staff Report

LAHORE: The State Bank of Pakistan has announced Monetary Policy for next two months on Monday, increasing the discount rate by 14 percent.

During the press conference, the director of State Bank Hamza Ali Malik told media that discount rate has been increased to control inflation.

AGENCIES ADD: Pakistan’s central bank on Monday raised its benchmark interest rate by 0.5 percent to 14 percent, warning for the second time in two months that rising inflation was impacting the economy.

The State Bank of Pakistan attributed rising inflation to relentless government borrowing and the fallout from catastrophic flooding, and said inflation could remain in double digits into the next fiscal year, beginning July 2011.

“The economy’s ability to achieve sustainable recovery remains constrained owing to slow progress in the prevailing

Energy crisis: Power-loom owners hoist black flags

Staff Report

FAISALABAD: Power-loom owners of Faisalabad on Tuesday hoisted black flags to register their protest against the ongoing energy and yarn crises in Punjab.

They said two-day weekly blockage of gas had pushed the industry to the verge of destruction.

“More than 50, 000 daily wagers have become jobless due to the prevailing crises,” say Power-loom owners. Trend Pk

Qaim telephones Shahi Syed

Staff Report

KARACHI: Sindh Chief Minister Shahid Syed on Thursday telephoned the Awami National Party’s president for Sindh, Shahi Syed, and exchanged views on the prevailing situation in Karachi city.

Both the leaders agreed to maintain law and order in the city. Shahi Syed also informed Sindh CM that his party lawmakers will attend Sindh provincial assembly session. SAMAA

PM to address the nation today

Staff Report

ISLAMABAD: Prime Minister Syed Yousuf Raza Gilani will address the nation today (Sunday), at a time when the government is facing multiple challenges on political and economic.

The address is being seen as very crucial vis-à-vis its timing and the prevailing political situation following a Supreme Court order against possible withdrawal of the executive order through which the judges had been reinstated.

President Asif Ali Zardari, Prime Minister Gilani and Chief of Army Staff General Ashfaq Parvez Kayani held a critical meeting on Saturday in the backdrop of the current political situation in the country. SAMAA

Pakistan’s stance over NATO shootings was tough: President Zardari

Staff Report

KARACHI: President Asif Ali Zardari said on Thursday that Pakistan’s stance on NATO’s shootings was tough. Therefore, he added, the US apologized.

President Zardari said that the former president of the country, Pervez Musharraf, has a right to begin his political career, but he’ll face difficulties in politics as Pakistan Peoples Party had.

He said that the prevailing situation in Balochistan is satisfactory, adding that PPP apologized to the people of Balochistan and announced a package for the welfare of common people.

“The parliament knows how to defend. The judiciary is independent.”

President Zardari said that he is in search of the director behind political actors. The people of Pakistan are more aware than the media and owners of TV channels do not even pay Rs. 80 million to the government.

He added that MQM

Pakistan’s stance over NATO shootings was tough: President Zardari

Staff Report

KARACHI: President Asif Ali Zardari said on Thursday that Pakistan’s stance on NATO’s shootings was tough. Therefore, he added, the US apologized.

President Zardari said that the former president of the country, Pervez Musharraf, has a right to begin his political career, but he’ll face difficulties in politics as Pakistan Peoples Party had.

He said that the prevailing situation in Balochistan is satisfactory, adding that PPP apologized to the people of Balochistan and announced a package for the welfare of common people.

“The parliament knows how to defend. The judiciary is independent.”

President Zardari said that he is in search of the director behind political actors. The people of Pakistan are more aware than the media and owners of TV channels do not even pay Rs. 80 million to the government.

He added that MQM

No intention of clash between Parliament, SC: Nawaz

Staff Report

RAJANPUR: Pakistan Muslim League-Nawaz Chief Mian Nawaz Sharif said on Monday that he did not intend for a clash between the parliament and Supreme Court.

Nawaz said that the prevailing situation is the outcome of ignoring court verdicts in the past.

While speaking to the media, he said that the government should ensure implementation of SC decisions. SAMAA

No intention of clash between Parliament, SC: Nawaz

Staff Report

RAJANPUR: Pakistan Muslim League-Nawaz Chief Mian Nawaz Sharif said on Monday that he did not intend for a clash between the parliament and Supreme Court.

Nawaz said that the prevailing situation is the outcome of ignoring court verdicts in the past.

While speaking to the media, he said that the government should ensure implementation of SC decisions. SAMAA

President Zardari, Governor Taseer discuss flood situation

Staff Report

ISLAMABAD: Punjab Governor Salmaan Taseer called on President Asif Ali Zardari at Aiwan-e-Sadr on Wednesday.

The current flood situation, relief and rehabilitation efforts in south Punjab were discussed in the meeting.

According to a statement issued by the President House, Governor Taseer briefed the President about the provision of health facilities to flood-ravaged families in south Punjab.

In addition, they exchanged views on the prevailing political and security situation in Punjab. SAMAA

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