KABUL, Afghanistan, Nov. 22 — A suspected al-Qaeda operative linked to a 2006 plot to blow up British airliners was killed Saturday in a suspected U.S. missile strike in northwestern Pakistan, according to two Pakistani intelligence officials. At least four other extremist fighters were also…
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While the U.S. government is fighting Islamic extremism in Pakistan with bombs, private donations are quietly financing a more important campaign: education.
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ISLAMABAD: Former President Pervez Musharraf today is leaving for London on one-week tour.Pervez Musharraf during his stay in London will meet Cambridge University students and address members of think tanks.
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ZURICH: The IMF’’s chief economist has warned that the global financial crisis is set to worsen and that the situation will not improve until 2010, a report said Saturday.Olivier Blanchard also warned that the institution does not have the funds to solve every economic problem. “The worst is yet to come,” Blanchard said in an interview with the Finanz und Wirtschaft newspaper, adding, “A lot of time is needed before the situation becomes normal.”He said economic growth would not kick in until 2010 and it will take another year before the global financial situation became normal again. The International Monetary Fund on Friday promised to help Latvia deal with its economic crisis after it assisted Iceland, Hungary, Ukraine, Serbia and Pakistan. But Blanchard said the IMF was not able to solve all financial issues, in particular problems of liquidity. Withdrawals of capital leading to problems of liquidity “can be so significant that the IMF alone cannot counter them,” he said, adding that massive withdrawals of investments from emerging countries could represent “hundreds of billions of dollars. “We do not have this money. We never had it,” he said. The IMF had spent a fifth of its 250 billion dollar (200 billion euro) fund in the last two weeks, Blanchard added. He also urged central banks around the world to cut interest rates, after the Swiss National Bank made a surprise one percentage point rate cut Thursday. The central banks “should lower interest rates to as close to zero as possible,” he said.
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ISLAMABAD: Federal Minister for Water and Power, Raja Pervez Ashraf has directed all Power Distribution Companies (DISCOs) to reduce losses and speed
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ISLAMABAD: Relatives of the missing persons have decided to knock at the door of the Foreign Ministry after getting no positive signal from the Minist
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KABUL, Nov. 22 — A fugitive al-Qaeda operative and at least four other extremist fighters were killed Saturday in a suspected U.S. missile strike in a tribal area of northwest Pakistan, according to two Pakistani intelligence officials.
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LAHORETHE number of victims dying of dengue fever has reached 17 after another patient died of the fever in Lahore on Saturday, whereas as man
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KarachiLawyers of the Sindh High Court Bar Association (SHCBA) elected Justice (Retd) Rasheed A Razvi, as president of the association for a s
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Pakistan News
KarachiMuttahida Qaumi Movement (MQM) Chief Altaf Hussain has said that if his party came to power it would impose an agriculture tax on all f
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