Government borrowing 'totally unsustainable': SBP
The State Bank of Pakistan (SBP) has further tightened its monetary policy for another six months to curb the rising inflationary trend by increasing the key discount rate by 100 basis points (bps). The central bank has also instructed federal government to retire Rs 84 billion during the current fiscal year more... (BR)

THE RUPEE: all round decline
Bearish sentiment was witnessed on the interbank market on Tuesday as the rupee lost 25 paisa against dollar for buying at 71.45 and it also fell by 30 paisa for selling at 71.55, dealers said. Dollar buying pushed the rupee down and it seems that the rupee may continue its falling trend in the near future, they said more... (BR)

Nawaz writes to Asif, calls for judges' reinstatement
Pakistan Muslim League-N chief Mian Nawaz Sharif has said that he wants the mandate given by the people in the Feb 18 election to be honoured more... (D)

APDM warns of strike if judges not reinstated
The All Parties Democratic Movement (APDM) has threatened to hold a countrywide strike on Sept 1 if President Musharraf is not impeached and deposed judges are not reinstated by Aug 31 more... ( D)

Mumtaz Bhutto sceptical of PM's US visit
Chairman, Sindh National Front, Mumtaz Ali Bhutto has said that Prime Minister Yusif Raza Gillani would be told by the US to continue war against its people in tribal and border areas more... (D)

PSO on verge of stopping furnace oil supply to Pepco and Hubco
Pakistan State Oil (PSO) has the permission from the government to stop furnace oil supply to Pakistan Electric Power Company (Pepco) and Hub Power Company (Hubco) after their receivables touch Rs 22.87 billion more... (BR)

CCP takes notice of unreasonably restrictive trade practice by Mobilink
The Competition Commission of Pakistan (CCP) has said that Mobilink is involved in an unreasonably restrictive trade practice, prohibited under the provisions of MRTPO, 1970 by not allowing its blackberry subscribers to other service providers more... (BR)

Capping OMCs margin, oil import duty removal on the cards
The Economic Co-ordination Committee (ECC) of the Cabinet is holding an emergency meeting on Wednesday--in the absence of Prime Minister Yousaf Raza Gilani--to take some bold decisions, like capping of oil marketing companies' (OMCs) profit, removal of customs duty on import of crude oil and lowering of other taxes on refined oil products more... (BR)