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News for Wednesday, 2 May 2012

KSE-100 closes over 150 points higher

Pakistani stocks rose on Tuesday with selective buying by investors, while the market remained volatile because of political uncertainty in the country, dealers said. The Karachi Stock Exchange (KSE) benchmark 100-share...

Rupee strengthens; o/n rates down

In the currency market, the Pakistani rupee ended stronger at 90.90/95 to the dollar, compared with Monday’s close of 91.02/06. The rupee has been supported by remittances, which rose 21.45 per...

No clash with judiciary, Gilani assures Kayani

Prime Minister Yousaf Raza Gilani on Wednesday assured Army Chief General Ashfaq Kayani that the government had no dispute with the judiciary. According to sources, Gilani discussed the political situation...

Lyari operation enters day six

The operation in Karachi’s Lyari area entered its sixth day on Wednesday. The police have been claiming to have taken control of a significant portion of Lyari and have said...

MQM expresses solidarity with Gilani govt

A delegation of Muttahida Qaumi Movement (MQM) called on Prime Minister Syed Yousuf Raza Gilani on Wednesday and expressed solidarity with his government in the wake of PM’s conviction by...

Sindhi separatists cracker-bomb banks across province

Sindhi separatists, inspired by Baloch nationalists, have launched a series of cracker blasts throughout the province on Wednesday to provoke the people to launch a ‘Baloch-like struggle for independence,’ it...

Security tightened on Osama’s death anniversary

Security across the country, especially in sensitive cities, was put on red alert in the wake of the first death anniversary of slain Al-Qaeda chief Osama bin Laden. It should...

PML-N announces anti-Gilani protest rallies schedule

The Pakistan Muslim League – Nawaz (PML-N) on Wednesday announced that it would launch nationwide protest rallies and later on a long march to remove Prime Minister Yousuf Raza Gilani...

Series of blasts hit govt banks in Sindh

At least a security guard was killed in a series of blasts outside National Bank branches in Sindh, officials said on Wednesday. According to police, at least six other people...

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