Daily Archives: June 1, 2009

IMF sees more job losses in Pakistan

By Mubarak Zeb Khan ISLAMABAD: The International Monetary Fund (IMF) has said unemployment rate is likely to increase in Pakistan owing to steep decline in foreign direct investment and remittances during the current fiscal year. ‘Unemployment is already high, and economic slowdown is likely to raise it further,’ said IMF […]

Pakistani cities the new battleground

    * Military spokesman says most Swat Taliban appear to have fled after initially putting up stiff resistance While the military proclaimed another victory in Swat on Saturday, Pakistan found itself confronting a new battlefront – a bombing campaign in the country’s cities.

Pakistan may have second strike N-capability: report 2

    * CRS says Islamabad now has deeply buried storage and launch facilities, air defences around strategic sites, and concealment steps Pakistan may have developed a second-strike capability and nuclear parity with India, a US Congressional report has suggested. “‘Pakistan has reportedly addressed issues of survivability through second strike […]