1.5 million tons of wheat to be imported
The government will import 1.5 million tons wheat and procure 5 million tons locally to address the swelling flour crisis in the country that has deepened the miseries of the inflation-ridden masses. This decision was taken by the Cabinet in its meeting here on Wednesday, chaired by Prime Minister Yousaf Raza Gillani more.... (BR)

Cotton output target missed by 2.7 million bales
The country has missed both its original and revised cotton production targets by about 0.2 million and 2.7 million bales respectively due to pest attack and delay in action by concerned officials. Despite three times revision of production target the production would not be more than 11.4 million bales more.... (BR)

Dar hints at imposing CGT on real estate
While referring to a paradigm shift in government economic policies, Finance Minister Ishaq Dar on Wednesday hinted at imposing capital gain tax on real estate business and some other new areas in the next budget to add to profit-makers' contribution in revenue generation more.... (BR)

Differences likely to delay resolution: Reinstatement of judges
Differences between the Pakistan People’s Party and the Pakistan Muslim League-N over the issue of a proposed constitutional package might delay for a few days the tabling of more.... (D)

Musharraf to retain presidency till retirement: Solana
The European Union Foreign Policy Chief Javier Solana has said war against terror in the region would continue and President Musharraf would retain presidency till retirement more... (BR)

Baitullah orders militants to stop attacks in Fata, NWFP
The leader of Pakistani Taliban, Baitullah Mehsud, has ordered his fighters to “immediately cease their activities” in the tribal region as well as the NWFP more.... (D)

HBL third quarter profit rises to Rs 4.267 billion
The profit after tax of Habib Bank Limited (HBL) has increased to Rs 4.267 billion in the quarter ended March 31, 2008 as compared to Rs 3.293 billion earned in the corresponding period in FY07. The board of directors of the bank in its meeting held here on Wednesday declared that the bank's earnings per share surged to Rs 6.17 in the period under review against Rs 4.74 in the same period a year ago more.... (BR)

Engro Chemical earns Rs 819.029 million profit in third quarter
The profit after-tax of the Engro Chemical Pakistan Limited has increased to Rs 819.029 million in the quarter ended March 31, 2008 as compared to Rs 323.456 million earned in the corresponding period in 2007. The company's earning per share surged to Rs 4.23 in the period under review against Rs 1.81 in the same period a year ago more.... (BR)