June 28 (Bloomberg) — Pakistan deployed hundreds of paramilitary troops in the provincial capital of Peshawar yesterday to halt attacks by Islamic guerillas.
More: continued here
SWAT: Three persons were shot dead in tehsil Kabal of Swat whereas a beheaded body was found in Sarsenai area.According to sources, unknown persons shot dead three persons in Kala Qila area in Kabal. Meanwhile, security forces firing injured a civilian in tehsil Matta who is shifted to Syedo Sharif hospital.Bomb disposal squad has been called in Kala chowk area in Matta bazaar after the reports of presence of a bomb.
More: continued here
BARA: Four more people have been killed during clashes between two groups in Terah Valley of tehsil Bara in Khyber Agency.Indefinite curfew has been imposed in the area after the clashes.At least 60 people were killed and more than 80 injured during the clashes continue since five days in Terah Valley.
More: continued here
Pakistan News
NEW YORK: US stock markets closed lower Friday, extending losses in a global sell-off sparked by growing concerns about the economic outlook as oil prices soared to fresh records above 142 dollars. Dealers said that after sharp falls on Wall Street Thursday, Asian markets had only one way to go Friday and their retreat set Europe up for another rough day. Dealers said global equities lost ground amid fears that slowing economies worldwide will undercut corporate earnings and that rising inflation driven by soaring fuel prices will trigger higher interest rates. Combined, that could spell ‘’stagflation”, a combination that bedeviled Western countries in the 1970s and early 1980s in the wake of the 1973/4 and 1979 oil shocks. Traders said news of a spike in German inflation and slowing growth in Britain and France added to the gloom, with stocks falling back to their lows for the year and beyond.
More: continued here
NEW YORK: The dollar weathered fresh losses Friday, despite a stronger-than-expected snapshot on consumer spending, amid expectations that euro zone interest rates will be hiked next week. The gap in US and euro zone rates, US rates are considerably lower, has already weighed on the dollar, which has also been weakened by lackluster economic growth in the United States. Traders generally prefer to hold currencies in countries where rates are higher so they can reap higher yields on their investments. The euro was changing hands at 1.5790 dollars around 2100 GMT, up from 1.5756 late Thursday. The dollar also fell against the Japanese yen, to 106.11 from 106.73 Thursday. The US currency came under renewed pressure this week after the Federal Reserve brought its rate-cutting campaign to a halt Wednesday as it opted to keep its key base rate pegged at 2.0 percent in the face of mounting inflation pressures. The dollar lost ground Friday despite a government report showing that consumer spending rose 0.8 percent in May, as Americans spent the proceeds of one-off tax rebate checks. The financial markets follow the monthly snapshot closely because consumer spending is the main driver of US economic activity, which has been sapped, by a lengthy housing downturn and a related credit squeeze.
More: continued here
WASHINGTON: The United States said Friday it contributed 2.5 million dollars for the demolition of the cooling tower of North Korea’’s key nuclear reactor as part of a denuclearization effort. A US official, speaking on condition of anonymity, confirmed the sum but could not verify reports that the total cost of the 30-metre (99-foot) tower’’s demolition was five million dollars as claimed by the North Koreans. The New York Times said in a report Friday that conservative hard-liners in Washington skeptical of the nuclear deal with North Korea felt the US contribution was too much. TV footage showed the tower engulfed in a huge cloud of smoke as a landmark piece of the country’’s nuclear history collapsed in ruins. “It was a significant and very important step,” US State Department official Sung Kim told a reporter at the scene Friday.
More: continued here
Pakistan’s foreign minister and his Indian counterpart began talks in New Delhi Friday to boost a slow-moving peace process between the rivals still at odds over the 60-year-old Kashmir dispute.
More: continued here
PARA CHANAR: The clashes between two tribal groups commenced again in the Terah valley leaving eight dead here on Saturday.Sources confirmed 5 people injured while the clashes had lasted for five days, which snatched 50 lives and 70 injured to that day.The attendants are using Rockets, Missiles, and other automatic artillery.
More: continued here
PESHAWAR: A state of emergency was declared in Peshawar hospitals as large contingents of the Frontier Corps, the Frontier Constabulary and police com
More: continued here
Pakistan militants publicly execute two Afghans accused of spying for the U.S.
More: continued here