Four TTP men arrested during raids in Karachi

KARACHI: Sindh Police’s Crime Investigation Department on Sunday conducted raids in Karachi’s Maripur and Sohrab Goth areas and arrested four members of the banned militant group Tehreek-e-Taliban, DawnNews reported.
CID’s SSP Chaudhry Aslam said that the arrested men belonged to TTP and had been conducting crimes in Karachi through which they would collect money to send to Waziristan.
According to the police, the culprits had also been planning terrorist activities in Karachi. Various weapons and explosives were also ceased from their possession

Pakistan restricts US diplomats' travel

Pakistan has imposed new travel restrictions on US diplomats living in the country, a source told AFP Sunday, in the latest sign of worsening ties since the killing of Osama bin Laden.

A letter sent to the US embassy in Islamabad increased limitations on when and how diplomats can move outside the capital, the diplomatic source said, without giving further details.

"We are working with the Pakistani government to resolve the issue," US embassy spokesman Alberto Rodriguez said.

Pakistan's foreign ministry said that "no US-specific restrictions have been applied" on diplomatic travel, but added it was "having a constructive engagement with the US Embassy in Islamabad in this regard".

"There are general guidelines regarding travel of Pakistan-based diplomats, designed only to ensure their safety and security, which have existed for a long time," it added in a statement.

Relations between the US and Pakistan have been under strain in the wake of the raid that killed bin Laden.

United State President Barack Obama's administration recently suspended about a third of its $2.7 billion annual defence aid to Pakistan, but assured Islamabad it was committed to a $7.5 billion civilian assistance package approved in 2009.

Pakistani mangoes to sweeten up ties with US: Haqqani

Pak-US- Relations may be sour these days, but a new trade development could sweeten up things. The first shipment of Pakistani mangoes arrived at O'Hare International Airport. Pakistani Ambassador to US Husain Haqqani credited "two years of strategic dialogue" for the shipment. He said the mango trade will improve relations between the two countries. The fragrant chaunsa mangoes won’t be in stores for a few weeks. Only acrowd at the Palmer House Hilton got an early taste. Pakistani-American guests strolled the hotel’s ballroom sampling chilled mango chunks, mango ice cream, mango tarts and other delicacies. Farahnaz Ispahani, the wife of Haqqani and the Pakistan presidential spokeswoman, said. "The soil in Pakistan produces the sweetest mangoes in the world and once Americans taste Pakistani mangoes in all their depth and flavors they’ll never turn back. They ‘ll forget Alphonsos and any other mangoes."

US debt crisis may lead the country to bankruptcy: Dr Zafar Moeen Nasir

A senior Pakistani economist said that US debt crisis may lead the country to bankruptcy.

According to IRNA Dr Zafar Moeen Nasir Chief of Research at Pakistan Institute of Development Economics said that such development could also affect the economies of those countries which are based on US dollars.

US right now is facing a bitter deadlock over a deal to raise the debt ceiling which has already harmed the US economy.

Political parties of US, Republicans and Democrats, so far unable to reach a compromise, and are perusing rival budget plans, pushing the United States closer to a debt default.

The International Monetary Fund pressed polarized US politicians to raise the US debt ceiling “expeditiously to avoid a severe shock to the US economy.

The IMF warned that US debt would total 99 per cent of the size of the US economy this year and 103.0 per cent in 2012.

“The deadlock between Republicans and Democrats could lead the country to bankruptcy”, said Dr Zafar Moeen Nasir. He said that the issue is seriously damaging the US economy.

The economist said that dollar is becoming weak and many countries that have strong economies are changing towards other currencies.

“The credibility of American dollar is at stake”, noted Dr Zafar Moeen Nasir.

He said that the businessmen have lost faith in American dollars and they are looking for other options. Dr Zafar Moeen Nasir said that America itself is now facing serious economic problems.

The main issue that have caused a serious setback to the US economy is Washington's interference in the affairs of other states.

Its failure in the Middle East, particularly in Iraq and Libya … the losses caused by the decade-long war in Afghanistan, its intervention in Sudan, Somalia and other countries have led to the present decline in its economy.

Dr Zafar Moeen Nasir expressing his views said that the currencies of those countries which are based on American dollar are facing serious threat.

“There’s certainly evidence that the economy has suffered because of the uncertainty,” White House spokesman Jay Carney has said.

US President Barack Obama has warned that the United States is “almost out of time” to reach a deal to increase the $14.3 trillion dateline.

Washington hit its debt ceiling on May 16 but has used spending and accounting adjustments, as well as higher-than-expected tax receipts, to continue operating normally but can only do so through August 2

We will implement apex court orders: Gilani

KARACHI - Ruling out the impression of a clash between the institutions, Prime Minister Syed Yousuf Raza Gilani Saturday declared the government would implement the Supreme Court verdicts.

Responding to queries from the mediamen here at the Textile City, he said that misunderstandings would be removed and government would act on the apex court’s orders regarding Hasnain Asghar and Sohail Ahmed as no institution wanted to derail the present political system.

To a question about law and order in Karachi, the PM said restoration of peace in the economic hub was the top priority of his government as it was in the best interest of the country and a prerequisite to enhance economic development and investment. Though maintenance of peace in Karachi was the responsibility of provincial government, federal government would however provide every support, he added.

Earlier, the prime minister drove straight to the Governor’s House and met Sindh Governor Dr Ishratul Ebad and Chief Minister Qaim Ali Shah. The governor and the chief minister briefed the prime minister on the political and security situation in Karachi and other parts of the province. They also apprised him of the progress of development work in different parts of Sindh.

The prime minister said that all the political forces must work together for peace in the country. The people, he said, were looking towards the elected representatives to help resolve their problems and this required political unity. He said parliament is the right forum to deliberate upon all significant national issues and propose solutions for redress. The prime minister appreciated the support extended by the MQM chief Altaf Hussain for the Amn Rally organised by the PPP. This gesture he said reflected the political maturity of MQM leadership.

Latter, in his speech at the Textile City, the Prime Minister Gilani said the government recognises the pivotal role the textile sector plays in Pakistan’s economy. However, the textile industry is facing a number of problems including short supply of cheap contamination-free cotton, low skilled labour, power shortages and above all inadequate infrastructure.

Infrastructure development was critical for growth and therefore Pakistan Textile City is being established as a bench-mark industrial zone providing state-of-the-art infrastructure to the value-added textile sectors. Once fully operational, it would help increase our exports significantly as more than 277 new units will be established in 1250 acres of the Textile City. Gilani said that the Textile City would directly employ over 80,000 people at full capacity and will attract around $250 million in the value added textile sector.

He invited the textile community of Pakistani businessmen and investors to come forward and avail the world class infrastructure facilities which the Textile City is offering. It is our combined duty to be part of Pakistan’s march towards becoming a hub of quality textile products.

Budget, debt worries plague troops in Afghanistan

KABUL: A half a world away from the Capitol Hill deadlock, the economy and debt crisis are weighing heavily on U.S. troops in Afghanistan.
And the top question on their minds Saturday even as bombings rocked the city around them, was one the top U.S. military officer couldn't answer.
Will we get paid?
"I actually don't know how the answer to that question," Adm. Mike Mullen, chairman of the Joint Chiefs of Staff told a group of troops, while at the same time telling them they will continue to go to work each day.
But he offered a bit more optimism than defense officials have acknowledged when those questions have come up in recent weeks.
"I have confidence that at some point in time, whatever compensation you are owed, you will be given," said Mullen, who is making his 15th trip to Afghanistan, just two months before he retires. But, he noted, "There are plenty of you living paycheck to paycheck so if paychecks were stopped it would have a devastating impact very quickly."
Questions on military spending and how the ongoing budget struggles will impact them dominated the morning meeting at the Kandahar base, and it was the first one Marines asked when he moved on to Camp Leatherneck later..
Troops pressed Mullen on how much the Pentagon is spending on contractors, when many tasks could be done by military members. They questioned whether the budget pressures will focus on pay or equipment and other acquisition. They bemoaned what it could cost to implement the new policy repealing the ban on openly gay men and women serving in the military. And they wondered if their retirement pay was safe.
For his part, Mullen said the cost of repealing the gay ban was very limited. And he said there were no immediate plans to affect retirement benefits.
Mullen was visiting troops across southern Afghanistan on Saturday, a region that has been pummeled by violence and suicide attacks in recent weeks.
But there were only a smattering of questions on the military strategy or the planned withdrawal of U.S. troops from Afghanistan, which is beginning with a 10,000 drawdown by the end of this year.
Instead, it was all about money and job.
Mullen warned the troops that as time goes on, budget restrictions will pare down the size of the military, and he told them to keep that in mind as they pursue their education and try to further their careers so they will have a better chance of re-enlisting.

CIA's Pakistan chief leaves country

WASHINGTON: The CIA's Islamabad station chief, who oversaw the intelligence team that uncovered Osama bin Laden's hideout, has left Pakistan for medical reasons, a US official said.
The CIA declined to comment on the matter.
"The chief of station is a respected, senior officer who had the full faith and confidence of folks back in Washington," the US official told AFP on condition of anonymity.
"Most people will agree the officer's role in one of the greatest intelligence victories of all time means this person was pretty darn effective, no matter what the Pakistanis may think."
American television, citing US and Pakistani officials, said the officer who headed one of the Central Intelligence Agency's most sensitive positions worldwide was not expected to return.
It was the second such departure in seven months from the post.
Despite the quick turnover at the key office, US officials told American TV that it would not hamper US intelligence efforts in Pakistan. (AFP)