Pakistan

US, Pak need to break new ground on counter-terrorism to keep partnership alive: Expert

US, Pak need to break new ground on counter-terrorism to keep partnership alive: ExpertWashington, July 30 : The United States and Pakistan need to break new ground on their counter-terrorism efforts along the Pakistan-Afghanistan border if they wish to sustain their post 9/11 partnership, an expert on South Asian affairs has said.

Curfew declared in Pakistan's violence-hit Swat Valley

Islamabad - Pakistani security forces imposed a curfew in the volatile north-western valley of Swat Wednesday as pro-Taliban militants targeted security checkpoints and government buildings, officials said.

Violence has resurged in recent weeks in Swat, about 300 kilometres north-west of Islamabad, after Islamist militants resumed attacks on security officials despite a two-month peace agreement.

The round-the-clock curfew would remain in force until further orders, said Major Mohammad Farooq, an Army spokesman in the area.

The curfew was declared after a spate of attacks in which militants blew up a state-owned hotel and an Army guesthouse in Pakistan's only ski resort of Malam Jabba. The abandoned hotel was also torched last month.

No red carpet welcome for Pak PM, media in Washington

Washington, July 30 : Pakistan Prime Minister Yousuf Raza GilaniJournalists accompanying Pakistan Prime Minister Yousuf Raza Gilani are a furious lot as they were made to wait for 6-8 hours at the Andrews Air Force Base on Sunday afternoon, and also because some of them were not invited to the dinner hosted by Pakistan ambassador in Washington Hussein Haqqani, despite the fact that money was spent lavishly in decorating the venue and giving expensive floral bouquets to the quests.

Time magazine dubs Yousuf Raza Gilani govt “too weak to act”

Pakistan Prime Minister Yousuf Raza GilaniWashington, July 30: Pakistan Prime Minister Yousuf Raza Gilani’s coalition government seems to be “too weak to act” as the country is seen grappling with internal disputes, and is weighed down by the pressures of a fast souring economy, says a report in the Time magazine.

According to it, Gilani is also viewed as “ceding many prerogatives of the prime minister’s office to PPP Co-chairman Asif Zardari and to Rehman Malik, Benazir Bhutto’s security chief who is, in effect, Pakistan’s minister for the interior”.

Nawaz Sharif to soon hold decisive talks with Asif Ali Zardari over judges’ issue

Lahore,Asif Ali Zardari and Nawaz Sharif July 30: PML-N leader and former Pakistan premier, Nawaz Sharif has said that he would meet PPP Co-chairman Asif Ali Zardari in the next few days to hold the final round of talks over the issues of judges’ reinstatement and impeachment of President Pervez Musharraf.

He said that it was high time to hold decisive talks with the ruling party, as the mandate given on Feb 18 had not been translated into reality until now.

Pakistan hikes interest rates to arrest inflation

Karachi - Pakistan's central bank on Tuesday raised its benchmark interest rates by one per cent, the third such move since January to fight galloping inflation and to stop alarming government borrowing.

"Our inflation is reaching alarming levels mainly due to borrowing," said State Bank of Pakistan (SBP) Governor Shamshad Akhtar while announcing the monetary policy for the fiscal 2008-09 (July-June).

Akher said raising the rate to 13 per cent would help in curbing rampant government demand as borrowing had doubled in six months, constituting 80 per cent of the entire fiscal deficit that was equivalent to 8.3 per cent of the GDP.

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