GAO: Military aid for Pakistan short of money (AP via Yahoo! News)

The Defense Department effort to help Pakistan secure its border with Afghanistan and root out Taliban fighters is underfunded by as much as 73 percent — a budget shortfall so severe that it could slow down operations next month, according to a report released Monday.

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US senators urge rethink on Pakistan (AFP via Yahoo! News)

US senators on Monday urged a rethink on aid to Pakistan after a watchdog said more than 12 billion dollars in US spending had failed to eliminate the country’s militant haven.

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Pakistan News

Corporate restructuring co proposed

ISLAMABAD: Members of the committee, constituted by the Ministry of Finance to review and finalise the draft Corporate Rehabilitation Act (CRA), met h

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LSE down 52 points

LAHORE: Bears dominated trading on the Lahore stock market on Monday. The 25-share index fell 52 points to close at 1,678 dropping below the 1,700 lev

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Mangal Bagh escapes as LI HQ attacked

BARA: Lashkar-e-Islam (LI) chief Mangal Bagh on Monday escaped as the headquarters of his banned outfit came under attack from Army helicopters in Spi

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PAC meeting on police department

KarachiThe police department has been unable to recover service charges in lieu of police guard duty, amounting to Rs268.760 million, from dif

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Progress of Islamic banking highlighted

KARACHI: State Bank of Pakistan in collaboration with the Islamic Financial Services Board (IFSB) has organised a three-day workshop (from Feb 23 to F

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Govt appoints Irfan Qureshi PSO MD

KARACHI: The government on Monday appointed Irfan K Qureshi managing director of the Pakistan State Oil (PSO), a decision that has caused resentment a

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Pakistan News

PAC takes notice of hike in gas price

ISLAMABAD: The Public Accounts Committee (PAC) on Monday took notice of an increase in the prices of domestic gas for the last couple of months and di

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KSE falls 2pc on phasing out of CFS MK-II

KARACHI: News about phasing-out the leverage tool i.e. CFS MK-II at Karachi bourse and formation of strong coalition between the opposition and lawyer

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