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US to bolster Israel’s anti-rocket shield: PanettaUS to bolster Israel’s anti-rocket shield: Panetta
WASHINGTON: The United States plans to bolster an Israeli anti-rocket system with $70 million in assistance this year and more funding is likely in the future, Defense Secretary Leon Panetta said Thursday. The “Iron Dome” air defense network has been credited with thwarting Palestinian militant rocket and mortar attacks out of Gaza. “My goal is to ensure Israel has the funding it needs each year to produce these..
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India approves plan for Turkmenistan gas importsIndia approves plan for Turkmenistan gas imports
NEW DELHI: India’s cabinet on Thursday allowed state-run gas-firm GAIL (India) Ltd to sign a gas purchase agreement with Turkmenistan’s national oil firm, for supplies from a planned multi-national pipeline, a government statement said. The proposed 1,700-km (1,056-mile) Turkmenistan-Afghanistan-Pakistan-India line (TAPI) will have a capacity to carry 90 million cubic metres a day (mcmd) gas for a 30-year period and will..
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NATO supply decision after conclusion of talks: Gilani NATO supply decision after conclusion of talks: Gilani
ISLAMABAD: Prime Minister Yousaf Raza Gilani Thursday said that as soon as consultation between relevant ministries and officials conclude, the decision about the fate of NATO supply would be announced.  “We have directed the concerned ministries and departments to conclude the process as soon as possible,” PM Gilani told reporters on Thursday after attending an event here in Islamabad. He said that the final decision..
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“Even 100 policemen couldn’t have averted Bannu jailbreak”“Even 100 policemen couldn’t have averted Bannu jailbreak”
BANNU: The IG Prisons, Khalid Abbas Thursday confessed that Bannu jailbreak could not be averted even if 100 policemen were guarding the premises that fateful nightز The IG prisons was talking to media and said that the Bannu Jailbreak investigation report was sent to provincial cabinet. According to the investigation report, the number of on duty policemen on the night of attack were ill-equipped and below the normal count. This..
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July-April c/a deficit increases to nearly $3.4 billionJuly-April c/a deficit increases to nearly $3.4 billion
ISLAMABAD: Pakistan’s current account deficit widened to a provisional $3.394 billion in the first 10 months of the 2011/12 fiscal year from $3.081 billion in the first nine, the central bank said on Thursday. There was a provisional surplus of $466 million in the first ten months of the previous fiscal year, according to data released by the State Bank of Pakistan. The current account had a provisional deficit of $313 million..
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Pakistani stocks drop; rupee, o/n rates flatPakistani stocks drop; rupee, o/n rates flat
ISLAMABAD: Pakistan stocks fell for a second day running on Thursday with confidence hit by two days of consecutive net selling by foreign investors and concerns about regional markets, analysts said. The Karachi Stock Exchange (KSE) benchmark 100-index ended 0.13 per cent, or 17.99 points, lower at 14,063.08 on volume of 103.3 million shares. “The mood in the market was dull because of concerns that other markets in the region..
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Pakistan attaches importance to SAARC: Gilani Pakistan attaches importance to SAARC: Gilani
ISLAMABAD: New Secretary General SAARC, Ahmed Saleem called on Prime Minister Syed Yusuf Raza Gilani at the Prime Minister’s House here today. The Prime Minister congratulated the new Secretary General on the assumption of the office of the Secretary General and said that during his tenure of office the SAARC Secretariat would pro-actively follow the implementations of the decisions of SAARC Summits. The Prime Minister said..
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LPG price slumps by Rs10LPG price slumps by Rs10
LAHORE: The price of liquefied petroleum gas (LPG) slumped by Rs10 here on Thursday.  The decrease in price brought the price of domestic cylinders down by Rs120, while commercial cylinder would be sold for Rs480 less.  According to reports, the cut in price means that per kilogram of LPG will be sold at Rs80 in Karachi, Lahore, Faisalabad, Gujranwala, Gujrat and Sialkot.  However, the price of per kilogram LPG in..
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Explosion in Hayatabad injures two policemen Explosion in Hayatabad injures two policemen
PESHAWAR: At least two policemen were wounded in a bomb blast in Hayatabad Industrial Estate on Thursday.  According to reports, a roadside bomb exploded in Hayatabad Industrial Estate injuring two policemen. The injured were shifted to Hayatabad Medical Complex for treatment.  The police arrived at the scene and initiated investigation.     ..
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Zardari to attend Chicago summit as talks with US make headway Zardari to attend Chicago summit as talks with US make headway
ISLAMABAD: President Asif Ali Zardari Thursday announced to attend the upcoming Chicago summit, after accepting an invitation that was given after the foreign minister hinted at reopening the NATO supplies after a stay of six months.  Presidential spokesman confirmed that he agreed to attend the summit after it was endorsed by the Cabinet. Religious leaders have long been the opposing the possible resumption of supplies and threatened..
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Pakistan’s forex reserves drop to $16.103 billionPakistan’s forex reserves drop to $16.103 billion
ISLAMABAD: Pakistan’s foreign exchange reserves dropped to $16.103 billion in the week ending May 11 from $16.416 billion the previous week, the central bank said on Thursday. Reserves held by the State Bank of Pakistan (SBP) fell to $11.784 billion from $11.978 billion a week earlier, while those held by commercial banks dropped to $4.319 billion from $4.438 billion. Foreign exchange reserves hit a record $18.31 billion in..
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Bomb hoax forces PIA to delay Dubai flightBomb hoax forces PIA to delay Dubai flight
LAHORE: A bomb threat on Thursday forced Pakistan International Airlines (PIA) to evacuate crew from an Airbus preparing to take off for Dubai. According to reports the plane with 157 passengers and 10 crew members was preparing for departure from Lahore airport when an anonymous caller to the airport claimed there was a bomb on board. Airport security officials evacuated the A310 to search the aircraft, a spokesman for PIA told a..
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