Suicide attack on French Navy personnel

Karachi The counsel of Jihadi outfit activists, who were convicted of masterminding the suicide bombing at Sheraton Hotel in 2002, have conten

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Venezuela supports further OPEC production cuts

PUYO: Venezuela would support further production cuts beyond those proposed by the OPEC producers cartel designed to stabilize oil prices, visiting President Hugo Chavez said Tuesday. OPEC ministers agreed at emergency talks last week to slash oil output by 1.5 million barrels a day in a bid to shore up crude prices, which have plunged from highs of around 150 dollars a barrel to below 60 dollars. “In case that, despite this (cut in output) prices continue to fall then we would agree to new production cuts until the price stabilizes,” Chavez told reporters. Chavez spoke after a meeting with Ecuadoran President Rafael Correa, a fellow leftist whose country also belongs to the Organization of Petroleum Exporting Countries.

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IMF emergency session summoned to release loans

WASHINGTON: International Monetary Fund (IMF) has summoned its emergency session today (Wednesday) to release loans for countries in desperate need to avert financial crisis, said Managing Director IMF.Earlier, this session was to be held on Friday which was today summoned to make the release of loans possible for the countries facing intense financial impasse.IMF possesses funds mounting over 200 billion dollars however member countries could also be approached for further financial assistance if needed, said spokesman IMF.Liquidity way would be adopted to release loans to needy counties, he added.

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Pakistan News

Zardari accused of not keeping his word

ISLAMABAD: President Asif Ali Zardari came under attack in the Senate on Tuesday for not fulfilling the promises he made to the nation, including rest

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Strong quake hits SW Pakistan; no damage reported (Reuters via Yahoo! News)

A strong earthquake struck southwest Pakistan on Wednesday but there were no immediate reports of damage or casualties, police said.

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Pakistan News

Magnitude 6.2 Earthquake Hits Near Quetta in Southwest Pakistan (Bloomberg)

Oct. 29 (Bloomberg) — A magnitude 6.2 earthquake struck southwestern Pakistan near the city of Quetta at 4:09 a.m. local time, the U.S. Geological Survey said . There were no immediate reports of damage or casualties.

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Five civilians killed in Swat

MINGORA/PESHAWAR: Five civilians were killed and 21 injured during shelling on Kabal village of the restive Swat valley on Tuesday while insurgents bl

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Pakistan, Turkey to boost defence, energy, trade cooperation

ANKARA: Pakistan and Turkey on Tuesday vowed to strengthen their bilateral relations in the defence, energy, commerce and communication sectors and se

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Diwali celebrated with a bang

KarachiThe bangs of the crackers got louder as midnight approached. However, it did not distract the pooja (prayers) of devotees who continued

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FC man beheaded three days before retirement

PESHAWAR: Havaldar Mohammad Nawaz from the paramilitary FC was to retire from the government service after three days and was looking forward to becom

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