Emergency rescue plan approved: Dar
The federal cabinet, which met here on Tuesday with Prime Minister, Syed Yusuf Raza Gilani, approved an emergency rescue programme for bringing Pakistan out of financial crisis, primarily an outcome of Shaukat Aziz government's fudged budgetary figures more... (BR)

Parts of Karachi slide into chaos: •Five charred bodies taken out of building •50 vehicles torched
Five people burnt beyond recognition were among seven persons who lost their lives here on Wednesday after a spat between two groups of lawyers at the City Courts turned deadly more... (D)

Harsh steps needed to stabilise economy, says Dar
Accusing the PML-Q and caretaker governments of fudging figures and mismanaging economy, Finance Minister Ishaq Dar has said that the new government will have to take harsh measures more... (D)

SHC acquits Zardari in Murtaza murder case
The Sindh High Court accepted on Wednesday a revision plea of PPP co-chairman Asif Ali Zardari and acquitted him in the Mir Murtaza Bhutto murder case more... (D)

Punjab PA assails ’99 coup, leaders’ exile
The newly-elected Punjab Assembly called upon the federal government on Wednesday to seek a UN probe into the assassination of PPP chairperson Benazir Bhutto more... (D)

Musharraf briefed on situation by Shujaat
Pakistan Muslim League president Chaudhry Shujaat Hussain and Dr Arbab Ghulam Rahim, the chief of PML-Q’s Sindh chapter, discussed the prevailing political situation with President Pervez Musharraf more... (BR)

Stock market transactions: SECP opposes proposals for cut in CVT, WHT
he Securities and Exchange Commission of Pakistan (SECP) has opposed a proposal of Karachi Stock Exchange (KSE) to reduce capital value tax (CVT) and withholding tax levied on stock market transactions more... (BR)

SBP rules for CFS Mk-II
The State Bank of Pakistan on Wednesday issued regulations for Continuous Funding System (CFS) Mk-II financing to ensure prudent lending by banks and development finance institutions (DFIs) more... (D)

With US in crisis, global economy in peril: IMF
The global economic outlook is increasingly grim with the United States mired in a recession from a housing meltdown whose effects are still spreading, the IMF said on Wednesday more... (D)