A peace deal in Pakistan appeared close to unravelling Monday as clashes flared in a key town in the troubled northwest and troops came under attack from militants.

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LAHORETHE fresh westerly wave, which hit the country on Sunday, has brought down the temperature by almost 15 degrees C here on Monday but met

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KARACHI: Candyland came from behind to emerge triumphant in the 1st Coca Cola Bridge Tournament that concluded here at the Islamabad Club in the feder

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KarachiThe Sindh Public Accounts Committee (PAC) cleared on Monday, paras related to the Sindh Sports and Youth Affairs Department. No financi

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A peace deal in Pakistan appeared on the brink of collapse Monday as the military dispatched troop reinforcements to the northwest where deadly fighting raged between soldiers and the Taliban.

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The chairman of the Joint Chiefs of Staff said Monday that he was comfortable with Pakistan?s nuclear security, but that he was ?gravely concerned? about Taliban progress inside Pakistan and Afghanistan.

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Eighty-seven percent (87%) of U.S. voters are now at least somewhat concerned about the security of nuclear weapons in Pakistan as the radical Islamic Taliban continues to make gains in that country. Sixty percent (60%) are Very Concerned.

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KARACHI: A Mauritian company has expressed interest in buying Bosicor Refinery.According to a notice issued by Karachi Stock Exchange (KSE), the Mauritian company has shown interest to buy 55 per cent shares of Bosicor Refinery from its management and 34 per cent through public offers.

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KARACHI: Panic selling eroded values of leading scrips at Karachi Stock Exchange (KSE) as 100-Index lost 139.85 points to close at 7,062.25, dealers said.The turnover volume was also low at 123.539 million shares asprices of 224 scrips sustained losses and 86 advanced while 17remained unchanged.The market was highly volatile as it witnessed a couple of ups and downs during the entire trading before settling in the negative zone.The Index went up to 7300 level on some buying, but then slipped on mounting selling pressure and closed in the negative zone, he added.The market capitalization was also eroded by about Rs 40.23billion to Rs 2.105 trillion. Bank Al-Falah was the volume leader with a turnover of 12.289million shares followed by Jahangir Siddiqui Co 10.648 million shares, NBP 7.371 million shares, FFBL 6.807 million shares and OGDC 6.014million shares.NBP closed at 72.17, MCB Bank 159.82, Jahangir Siddiqui Co 28.38,OGDC 72.98, Pak PTA 3, FFBL 18.13,UBL 46.46 and Bosicor Pakistan 6.99.Unilever Pak recorded the highest gain of Rs 19.42 to close at1970 followed by Treet Corp which moved up by Rs 7.64 to 160.44 while Bata Pak dipped by Rs 15.20 to 762.63 and Hinopak Motor went down by Rs 8.70 to 165.44.

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WASHINGTON: Two influential US senators on Monday were to introduce long-awaited legislation to expand and overhaul US aid to Pakistan amid deep concerns about the country’’s stability.Democratic Senator John Kerry, the chairman of the Senate Foreign Relations Committee, and Republican Richard Lugar, the panel’’s ranking member, were to present the bill around (01:00am PST), Kerry’’s office said.”The legislation intents to help transform the relationship between the US and Pakistan from a transactional, tactically-driven set of short-term exercises in crisis-management, into a deeper, broader, long-term strategic engagement,” Kerry’’s office said in a statement.The announcement came two days before US President Barack Obama hosts presidents Hamid Karzai of Afghanistan and Asif Ali Zardari of Pakistan amid concerns about efforts to fight the Islamist threat in the region.Details of the legislation were not immediately available, but a previous version tripled non-military US assistance to 1.5 billion per year over the next five years, and called for extending that for another five years.During an April trip to Pakistan, Kerry said the aid did not come with “conditionality” with benchmarks to ensure effective implementation of development projects.

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