March 6 (Bloomberg) — Pakistan issued sketches of four men wanted over the terrorist attack on Sri Lanka’s cricket team in Lahore three days ago as Punjab’s provincial governor said investigators made arrests in the city.
More: continued here
KARACHI: National Bank of Pakistan (NBP) and Pakistan Army on Thursday signed a deal under which, NBP will install Automated Teller Machines (ATMs) in all army garrisons across country.According to NBP statement released here, besides army men civilians will also be facilitated by these ATMs as machines will be open for all and sundry to withdraw money round the clock.After the completion of ATMs project over 400,000 army officials will be able to use ATMs across country, it said.President NBP Syed Ali Raza and Major General Pakistan army Niaz Kosar and other officials were also present on the occasion of signing ATM project.
More: continued here
The attack on a cricket team in Pakistan this week prompted intelligence officials to caution local authorities Thursday to be on the lookout for possible similar assaults at U.S. sporting events.
More: continued here
KARACHI: Banks working under government here have announced increase in interest rates on Thursday raising the total interest rate of banking system by 1.02 per cent.According to Center bank statistics the average interest rate of bank reached 15.3 per cent in January 2009 while it was standing at 14.3 per cent in December 2008.Government-run banks were lagging behind all private banks in terms of interest rates for their account holders as they deposited 6.5 per cent interest rate in January 2009 while foreign banks paid 7.55 interest rate leading all other banks in market.
More: continued here
Pakistani efforts to combat Islamist extremists in northwestern Pakistan have had mixed results, partly because some military units were shifted to the eastern border with India, the US Defense Department said on Thursday.
More: continued here
KARACHI: Bears knocked down bulls at Karachi Stock Exchange on Thursday, bringing the benchmark KSE-100 Index down by 27 points to 5,788.Buying in the early hours gave the share market a positive start but later profit taking eroded the gains, pulling it to the present level.Trade volume was recorded at 140 million shares. OGDC was the volume leader which lost paisas 4 to close at Rs56.96.Market analysts see resistance at 5,800 level in the coming sessions.
More: continued here
A grenade thrown into a prayer gathering in a Sunni Muslim mosque Thursday killed one worshipper and wounded 18 in an apparent sectarian attack in northwestern Pakistan, police said.
More: continued here
Pakistan said Thursday authorities had identified the men who ambushed the Sri Lankan cricket team and conceded security breaches in failing to prevent the deadly attack.
More: continued here
Pakistan cricket chief Ijaz Butt Thursday accused match official Chris Broad of lying about poor security during the terrorist attack on Sri Lanka’s cricket squad.
More: continued here
KARACHI: Concerted efforts would ensure that Pakistan becomes a leading shipbuilding country in the region in line with its potential and ideal location.This was stated by the Federal Minister for Defence production, Abdul Qayyum Khan Jatoi here on Thursday.He was speaking as chief guest at the `Steel-cutting ceremony” of the fourth F22P Frigate at the Karachi Shipyard and Engineering Works (KWSB).The Minister congratulated those associated with the KSEW for the achievement of this important milestone and appreciated the naval architects, engineers and workers involved to accomplish the prestigious work. He hoped that with speedy pace of construction work, this vessel will join Pakistan navy much earlier that the scheduled time.Jatoi deeply appreciated the technical and material assistance support from our time-tested, reliable friend China and sit shipbuilding especially the China State Shipbuilding Corporation and China Shipbuilding Trading Company for the construction of the fourthF22P Frigate at KWSB.He said that the KWSB is a key organization for supporting Pakistan Navy Fleet in building Navy ships and essential repair works.The minister further pointed out that today’’s event is also the continuation of their long lasting commitment with Pakistan Navy and the nation. He also pointed out that he and the Ministry would fully support the great vision for the new shipyards and the development of shipbuilding industry.
More: continued here