Petroleum policy 2009 announced

ISLAMABAD: The Exploration and Production (EP) companies would be offered $4.08 per mmbtu in as per 2009 petroleum policy, which was $3.65 per mmbtu

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Blast in Shahbaz Town; no casualties reported

QUETTA: A power blast in a house damaged it partially here in Shahbaz Town Phase-I on Thursday.According to police, no casualties occurred as a result of the blast.

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Pakistan News

Indian PM presses Pakistan over Mumbai attackers (AFP via Yahoo! News)

India’s prime minister pressed Pakistan on Thursday to “convince us that it is sincere” about tracking down those responsible for last year’s Mumbai attacks.

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Report urges U.S. focus on Pakistan in Afghan policy (Reuters via Yahoo! News)

U.S. policy on Afghanistan must focus on Pakistan, strengthening civilian government and ending the use of militant groups as an instrument of foreign policy, according to a report by a think tank with close ties to the Obama administration.

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Obama: India, Pakistan’s enemy should be poverty (AP via Yahoo! News)

President Barack Obama says India and Pakistan’s greatest enemy should be poverty, not each other.

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Why Pakistan Balks at Taking a Tougher Line on the Taliban (Time Magazine)

Having a client regime in Afghanistan was considered vital to prevent Pakistan’s ‘encirclement’ by India. Now that the U.S. is implementing its exit strategy, that logic hasn’t changed

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Junior Squash Championship begins in Peshawar

PESHAWAR: The All-Pakistan Junior Squash Championship has begun in Peshawar on Thursday. Sixty players from all over the country are participating in the event.In under-15 event, Ali Bukhari of Punjab, Fazal Mahmood and Rizwan Gul of NWFP, Bilal Zakir, Faraz Khan and Mansoor Khan of PAF, Saad of Sindh and Saifullah of Balochistan achieved success on the first day of the championship here at the Hashim Khan Court.Sanaullah and Salman of NWFP, Noor Ali Khan and Babar Ghafoor of Punjab won their matches in the first round of the under-17 event of the championship.

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‘Pakistan to discuss drone attacks with US’ (AFP via Yahoo! News)

Pakistan will take up the issue of missile attacks on militants in its northwest tribal belt during a visit by US special envoy Richard Holbrooke next week, the foreign ministry said Thursday.

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Bull run gains momentum; KSE up 259 points

KARACHI: Bull-run gained momentum at Karachi Stock Exchange (KSE) on Thursday, contributing 259 points to the benchmark KSE-100 which closed at 7,191.The market began upbeat where investors remained active throughout the session, taking fresh positions across the board. Energy and banking sectors particularly attracted the investors.At the end the major Index closed just below the level of 7200 points for the first time since December 2008 with market turnover recorded at 290 million shares.TRG Pakistan drew maximum activity which was stronger by paisas 25 to close at Rs1.60.KSE-30 Index surged by 342 points to finish at 7803.

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Pakistan: Would-be suicide bomber shoots himself (Chicago Sun-Times)

PESHAWAR, Pakistan—- A would-be suicide bomber shot himself dead Thursday when mourners confronted him at the funeral of a Pakistani police officer recently killed by militants, police said.

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