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Punjab: Outlawed outfits under new names banned

LAHOREC: Punjab Home Department has banned the organizations which operating under new names in the province after being declared outlawed.

According to a statement issued by the Home Department, the government has banned 23 organizations whose 1690 office bearers? names appear in the 4th Schedule.

The statement said Sipah-e-Sahaba has been operating under a new name Millat-e-Islamia Pakistan; Jaish-e-Muhammad under Khadam-ul-Islam and; Tehreek-e-Jafria Islami under a new name Tehreek-e-Pakistan.

It, however, clarified no such ban has been imposed on Jamat-ud-Dawa.

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?Cases withdrawn under Section 494, not NRO?

Karachi

None of the National Reconciliation Ordinance (NRO) cases sent to the five district judges of the lower courts were withdrawn under the

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”TTP commander Ameerullah Mehsud killed”

PESHAWAR: Pakistan said Monday that a Taliban commander with a 234,000-dollar price on his head had been killed in a shootout with soldiers in North Waziristan region.

The military said Ameerullah Mehsud was one of the top commanders in the Pakistani Taliban.

He also went by the alias of Qari Gud, which means “the man who limps”, and Mazloomyar, which means “friend of the oppressed” in the Pashtu language.

Mehsud was reportedly shot dead at a checkpoint in Miranshah, the main town of North Waziristan.

“His head money was 20 million rupees (234,000 dollars). Two soldiers were also wounded in the shootout,” the military said in a statement. The gunbattle took place in Miranshah on Sunday, it added.

Mehsud was listed 11 out of 19 most-wanted Tehreek-e-Taliban Pakistan (TTP) commanders for whom the government last November posted combined rewards worth five million dollars for information leading to their capture, dead or alive.

He was wanted for attacking security forces, kidnapping for ransom and “other anti-state activities,” it added.

Pakistan said he was TTP commander for Makeen and Razmak, a Taliban stronghold in South Waziristan.

It was not immediately clear whether anyone would be rewarded in connection with Mehsud’’s death.

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1.5-ton dead whale hits Hawksbay shore

KARACHI: A dead fish weighing 1.5 ton has shore up at Hawksbay beach, which according to the fishermen, is a whale.

The whale was found dead at the coast of Abdur Rehman Goth next to Hawksbay which drew a large crowd of locals who turned up to have a look at the giant fish.

The whale weighs around 1 to 1.5 tons, said experienced fishermen after examining closely.

The local fishermen are of the view that only the liver of the fish is fit consumption while the rest of the body will be left lying on the beach.

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Ahmadi worship house attackers arrested: CCPO Lahore

LAHORE: The City Police claimed to have arrested six terrorists involved in attacks at Qadianis worship places in the provincial metropolis and recovered huge quantity of explosives and weapons from them.

Addressing a press conference here Monday the Capital City Police Officer, Muhammad Aslam Tareen said that the terrorists identified as Haroon Saeed, Rizwan, Umair, Umer, Javed Alam and Abbas were also involved in different terrorists activities including Jinnah Hospital, Moon Market and other places in the city.

He said that police had recovered 18,000 Kg explosive material, 6 Kalashnikovs, 21 hand grenades, 600 bullets and 16 magazines. He said that this amount of weapons and explosives material was the larger ever in the City Police history.

CCPO said that the terrorists Haroon Saeed and Rizwan were also involved in Afghan Jihad, while Umair and Umer were facilitator and Javed Alam and Abbas were the owner of the houses where these terrorists were living.

To a question, the CCPO said that five to six groups of terrorists were involved in different terrorists attacks in the Provincial Capital and they were inter linked with each other.

He said that the next target of terrorists was to attack at important personalities, buildings and offices of the Punjab.

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Stocks remain thin, index edges lower

KARACHI: Pakistani stocks remained lacklustre on Monday as investors, already cautious over a new capital gains tax, awaited the re-introduction of margin buying, dealers said.

The Karachi Stock Exchange’’s (KSE) benchmark 100-share index, ended 0.62 percent, or 59.68 points, lower at 9,637.97.

Turnover was only 14.71 million shares, down from 22.47 million shares traded on Friday, and the lowest since December 2008.

“There is absolutely no interest in the market for now, and such a situation is not good,” said Sajid Bhanji, director at Arif Habib Ltd.

“Investors are still not sure what would be the impact of the new tax. Plus, in the absence of any leverage products, there is not enough liquidity available,” he said.

In its budget for the 2010/11 fiscal year, the government imposed a capital gains tax of 10 percent on stocks held for six months or less, and 7.5 percent on stocks held between 6 months and a year.

The tax was activated on July 1, the start of the new fiscal year.

Dealers said investors were also hoping for the re-introduction of margin buying in the market, which will improve liquidity and result in better volumes.

KSE authorities and the Securities and Exchange Commission of Pakistan (SECP) met last month to discuss margin buying and other leveraged products, and decided to form a committee required to submit its recommendations within 15 working days.

A meeting of the stakeholders to discuss the issue is scheduled for Wednesday, dealers said.

In the currency market, the rupee ended at 85.45/50 to the dollar, little changed from Friday’’s close, and dealers said they expected the rupee to remain steady in coming weeks.

In the money market, overnight rates edged up to close at 11.0-11.5, from 10.0-11.0 percent on Friday, and dealers said they expected them to remain around current levels in the absence of any major cash inflows.

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Pakistan News