According to banking possible outcome released right here at Karachi Stock Exchange, PPL’s net revenue for the endure year stood at Rs16.80 billion.

The revenue per share for 2007-08 is Rs26.12. The organization has announced 10 per cent bonus shares for its shareholders additonally an interim dividend of Rs16.50 per share has presently been heard given.

TCP resources said, it is as well making calculated to procure 250,000 loads wheat.

The requirement was put before Federal Minister for Food and Agrculture, Nazar Muhammad Gondal by the Chairman Pakistan Flour Mills Association, Naeem Butt and Bilal Aslam Sufi in a meeting.

Bilal Sufi dubbed for lifting ban on inter-provincial movement of wheat aside from releasing of wheat below municipal quota based on information from August 15.

The Federal Minister declared an significant announcement serves to be transfered following judging the above demands.

He guarded so farmers, flour mills title&wshyp;holders and the those of us is planning to be taken to belief in the formulation of Food Policy.

Pak to play Egypt in World Juniors Squash concluding today

ZURICH: The concluding of World Juniors Squash championship is able to be played between Pakistan and Egypt today in Zurich.

Pakistan beat India in the semifinal additonally England was beaten by Egypt in the minute semifinal. Pakistan attained a convincing 3-0 victory throughout India in the semifinal. Pakistan’s Waqar Meboob, Amir Atlas Khan and Muhammad Shoaib overcome India’s Adita Jagtab, Vikram Malhotra and Ravi Dixit easily.

India would play England for the third place in the tournament.

Foreign reserves carry on to decline

KARACHI: The down proclivity of the country’s international exchange reserves continues.

The worldwide reserve apprehended by the State Bank of Pakistan (SBP) dipped by 328.6 million bucks to 10.48 billion bucks on Thursday, persist day of the week ending on Aug 2.

Foreign reserves apprehended by SBP declined by 480 million money to 6.96 billion money whereas overseas reserve owned by greater number of banks shot up by 151.5 millions money to 3.19 billion dollars.

Banking institutions experience put the slow to increase in value in the oil export bill, pushing up the call of dollar.

President is able to be impeached: ruling coalition

ISLAMABAD: President Pervez Musharraf is able to experience to deal with impeachment underneath Article 47 of the Constitution if he fails to take vote of rumors from what i read in the assemblies immediately.

This was announced by Co-chairman Pakistan People’s Party, Asif Ali Zardari at a joint urge conference providing Pakistan Muslim League-N Chief, Nawaz Sharif, right here at Zardari House on Thursday.

The announcement came once two-days of marathon meetings seized by the ruling coalition.

President Musharraf had failed to desire a vote of belief based on what i read in the new parliament or to address the countrywide assembly, and the present he had “worked to undermine the transition to democracy,” Asif Zardari said.

“The President weakened the Federation and eroded the faith of the nation.”

He alleged the coalition has decided overly the President sacked the top judiciary during “extra-constitutional means.”

The policies pursued by the President Musharraf led authorities are responsible for the “economic impasse, worst energy deficit in the history,” he said.

“It has now become imperative to impeach President Pervez Musharraf below Article 47,” Asif Zardari said.

The President had argued he are able to stage at a slump if his party faces defeat in the over&wshyp;arching elections, he said. The everyone gave this mandate to the democratic forces, he added.

Asif Zardari declared the judges would be restored to November 3 position subsequent to impeachment of the President.

PML-N Chief Nawaz Sharif passed the announcements earned by the PPP Co-chairman, professing his party agrees amongst the statement looked through out by Asif Zardari.

Awami National Party’s Senator, Haji Adeel moreover gave his settle to the joint declaration.

“The world might not accept 58-2(b),” Nawaz Sharif said. The democracy is not so weak which it might help usage of 58-2(b), he added.

The target told the minister this the World Bank ought to current the emergency package to its council in August and subject to the group enactment release the fund by mid September.

Sources in the Finance Ministry informed Business Recorder on Tuesday too a three-member WB delegation dubbed on the Finance Minister on July 14 to take a look at Pakistan’s strategy for coping in drastic economical crunch. Pakistan had posted the Bank for financial short of emergency package to validation its depleting forex reserves and impact budget deficit.

The official believed such a the ambition expressed satisfaction through the steps taken by the federal for offsetting pressure on its sector these kinds of as cutting dropped subsidy on oil, gas and gas rates. The objective expressed conviction this the authorities should strictly imitate the existent policy of eliminating subsidy regime and introduce a market-based system for all sectors of the economy.

The official alleged the World Bank’s validation of $500 million is able to restore greater amount of donors’ belief in Pakistan’s economical policies and pave way for going to get a multitude of finances on a larger number of donors for many development projects. It ought to too brighten the probability to safe much-needed $1.5 billion based on information from the World Bank within the duration of afterward one year.

On this day last year General Pervez Musharraf’s soldiers stormed the Lal Masjid in Islamabad killing at least 100 people. On Sunday, a suicide bomber blew up ten policemen close to the mosque.

The police have cordoned off the area and emergency services have been set up at the spot and emergency has been declared at all hospitals in Islamabad.

The security was put on high alert in Karachi as well, where Asia Cup final was played between India and Sri Lanka. The entrances to the Karachi stadium were also blocked.

The Islamabad police chief has said that the blast at Lal Masjid was a suicide attack. Pakistan Prime Minister Yusuf Raja Gillani has condemned the attack and has also ordered inquiry into the incident.

The blast has occurred on the anniversary of Pakistan Army’s crackdown on Lal Masjid in 2007, wherein, 100 people were killed.

PTI adds

The powerful blast, which was heard from several kilometres away, occurred as a large crowd of slogan shouting and flag waving people, including madrasa students and outlawed extremist groups like the Sipah-e-Sahaba and Jaish-e-Mohammed, began dispersing at about 7.50 pm.

Witnesses said the explosion occurred in the vicinity of a petrol station near Melody Market, which is located adjacent to the Lal Masjid and created panic among the people who ran back towards the mosque.

Body parts and pools of blood lay strewn all over the area, which was cordoned off by the police. Nine of the dead were policemen.

The blast targetted the site where a large number of policemen had gathered as part of the security arrangements for the meeting where several clerics made hard-hitting speeches criticising the arrest of former Lal Masjid cleric Maulana Abdul Aziz as well as the government’s plans for reforming madrasas.

”Musharraf, Aftab Sherpao (then interior minister) and others responsible for the bloodbath should be tried and hanged publicly,” Islamist leader Idrees Haqqani said as the crowd raised their hands in approval chanted slogans like ”Allah-o-Akbar” (God is great).

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