ISLAMABAD — Pakistan’s new elected government has regretted to accept the joint proposal of the World Bank and the IMF to withdraw oil subsidy in the next budget.

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SINGAPORE -(Dow Jones)- State-owned Pakistan State Oil floated a tender seeking up to nine 50,000-metric ton cargoes of gasoil with 0.5% sulfur for June-October delivery, according to the tender document issued late Thursday.

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Gen. Dan K. McNeill voiced concern on Thursday that Pakistan had not tackled militancy on its border and had recently stopped its cooperation with NATO on border issues.

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ISLAMABAD: President Pervez Musharraf has dismissed media speculation that he is preparing to quit.According to Musharraf’’s office, the president said at a dinner attended by Prime Minister Yousuf Raza Gilani that his relations with the army chief were “excellent” and the report was false.Pakistani stocks dropped after the report added to concern about the country’’s economy. They recovered most of their losses by the end of the day.A daily reported Thursday that the president had decided to resign following a meeting with army chief Gen. Ashfaq Parvez Kayani.

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General Dan McNeill voiced concern that Pakistan had not tackled militancy on its border and had recently stopped its cooperation with NATO on border issues.

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KARACHI: Liquefied Petroleum Gas (LPG) prices have registered an increase of Rs15 to Rs20 per cylinder. Chairman LPG Distributors Association, Hadi Khan told Geo News on Thursday that the new per kilogram price of LPG will go up by Rs1.50 to Rs20.He said the LPG producers had withdrawn Rs3000 to Rs4000 per tonne rebate they allowed to the marketing companies.

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Daniel Markey , a former State Department specialist on South Asia for the Policy Planning Council, has just returned from a trip to Pakistan.

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The detained architect of Pakistan’s nuclear program rebuked President Pervez Musharraf on Thursday, saying the country has “gone to the dogs” in the last 10 years.

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Pakistan’s U.S.-allied president on Thursday dismissed speculation in the media that he was preparing to step down amid expectation that parties in the new government will move to strip him of key powers.

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Pakistan’s attempts in 2006 to strike peace deals with pro-Taliban groups were widely viewed as failures that allowed the militants to grow stronger.

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