Increased import of wheat proposed
The Economic Coordination Committee (ECC) of the cabinet decided on Tuesday to abolish sales tax on packed food items and proposed to import more wheat to tide over the food crisis more.... (D)

ECC approves three-phase raise in oil, ghee and flour prices
The Economic Coordination Committee of the Cabinet on Tuesday approved three-phase increase in edible oil, ghee and flour prices in the utility stores, effective April 23, well-placed sources in the Industries Ministry more.... (BR)

July-March oil import bill hits new peak of $7.4 billion
The rising international oil prices have pushed the country's oil import bill, breaching all previous records, to $7.4 billion. The oil import bill has been continuously on the rise since July 2007, but for the last three months it has been growing at a more rapid pace because of steep rise in world crude oil prices, which have lately crossed $117 per barrel due to increasing oil demand across the world more... (BR)

PPP, PML-N set up committee on plan for judges’ reinstatementPPP, PML-N set up committee on plan for judges’ reinstatement
The leadership of Pakistan People’s Party (PPP) and Pakistan Muslim League-N (PML-N) met again on Tuesday and decided to form a committee to finalise proposals about reinstating deposed judges in consultation with lawyers more... (D)

Parliament will strip Musharraf of his power to dissolve government: PM
Prime Minister Syed Yousuf Raza Gilani says his priorities since taking office have been to bring the country's law and order situation under control, deal with terrorism, improve economy and strengthen democratic institutions so that the much-needed political stability takes root. more... (BR)

Peace accord finalised with Mehsuds
The government is close to an agreement with warring Mehsuds that seeks an end to militant activity, exchange of prisoners and gradual withdrawal of the military to restore peace to the volatile South Waziristan tribal region more.... (D)

PSO third quarter profit rises to Rs 2.967 billion
The profit after tax of Pakistan State Oil Company Limited (PSO) has significantly increased to Rs 2.967 billion in the quarter ended March 31, 2008 as compared to Rs 1.014 billion earned in the corresponding period in 2007 more... (BR)

Pakistan Oilfields profit up
The profit after tax of Pakistan Oilfields Limited (POL) increased to Rs 1.703 billion in the quarter ended March 31, 2008 as compared to Rs 1.411 billion earned in the corresponding period in 2007 more.... (BR)