DINA for the issue of June 12, 2013

	Wednesday 12th June 2013 | Sha"ban 2, 1434
The DAWN Internet News Alert (DINA) is a free daily news service from Pakistan’s largest English language newspaper, the Daily DAWN.
Shahbaz in cabinet’s energy committee By Khawar Ghumman ISLAMABAD, June 11: The ‘talented brother’, Punjab Chief Minister Mian Shahbaz Sharif, is the only provincial chief executive included in the newly constituted high-powered Cabinet Committee on Energy (CCE).	For suggestions and comments: Email: webmaster@dawn.com Website: http://dawn.com Fax: +92(21) 35693995 Karachi Stocks Up 58.33 Points: KARACHI, June 11: At the close of trading, the KSE-100 index was at 22209.07, up 58.33 points. Forex Update : KARACHI, June 11: The Pakistani Rupee was traded at 99.7 to the US Dollar in the open market.
Economic Survey 2012-13: Most sectors performed below par: •Circular debt stands at Rs500bn •Highest-ever deficit recorded •Growth rate stagnates at 3.6pc •Rs350bn shortfall in revenue By Khaleeq Kiani ISLAMABAD, June 11: The current financial year has been a bad one and Finance Minister Ishaq Dar only confirmed widespread slippages on economic targets. Launching the Economic Survey of 2012-13 here on Tuesday, the minister hinted at a difficult road ahead, including a gradual increase in electricity tariff to bridge a gap of Rs6 per unit between cost and its billing and promised to eradicate Rs500 billion circular debt before June 30 or in two months at worst.
More taxes, less subsidies in new budget likely Dawn Report ISLAMABAD, June 11: Finance Minister Ishaq Dar is set to present on Wednesday in the National Assembly the PML-N government’s first budget with a difficult and ambitious fiscal adjustment of about Rs580 billion — 2.5 per cent of the GDP — by reducing subsidies and introducing additional revenue and administrative tax measures estimated to fetch Rs400bn. According to sources, overall size of the federal budget is estimated at about Rs3.5 trillion, while the tax revenue target has been pitched at Rs2.75tr, including the FBR’s revenue target of Rs2.475tr.
Getting down to business By Khurram Husain TONIGHT’S budget announcement will be one of the most important in the country’s recent history. After Mian Nawaz Sharif’s inaugural speech before parliament, this will be the next major event when the new government will speak and lay out its plans and priorities. Every word, every gesture of Finance Minister Ishaq Dar will be watched carefully to determine the seriousness of purpose that the newly inducted government of Prime Minister Sharif is bringing to its job.
SC, police cannot investigate army personnel, says MI By Nasir Iqbal ISLAMABAD, June 11: The Military Intelligence (MI) said in the Supreme Court on Tuesday that an army man and a subject under the Army Act 1952 could not be investigated by any court, even the apex court, or police. In its reply to an application filed by one Abida Malik requesting the Supreme Court to order production of her husband Tasif Ali alias Danish, the MI stated that neither the court or police had the jurisdiction to interfere in the matter and, therefore, the application should be dismissed.
Two BNP-M leaders shot dead in Khuzdar By Our Staff Correspondent QUETTA, June 11: Two local leaders of the Balochistan National Party-Mengal (BNP-M) were gunned down in two attacks in Khuzdar on Tuesday. The BNP-M leaders condemned what they termed target killings of their leaders and announced three days of mourning in the province.
Brother of Achakzai is new governor By Syed Irfan Raza and Saleem Shahid ISLAMABAD/QUETTA, June 11: On the advice of Prime Minister Nawaz Sharif, President Asif Ali Zardari appointed on Tuesday Mohammad Khan Achakzai as governor of Balochistan, according to a notification issued by the Presidency. Mohammad Achakzai is a nominee of Pakhtunkhwa Milli Awami Party (PkMAP).He will be reaching Quetta from Islamabad on Wednesday and Balochistan High Court Chief Justice Qazi Faez Isa would administer the oath of office to him on Thursday at a ceremony at the Governor’s House.
Airspace violation by IAF jets: FO protests to Indian HC By Baqir Sajjad Syed ISLAMABAD, June 11: Two Indian Air Force (IAF) jets violated on Tuesday Pakistan’s airspace prompting the Foreign Office to summon Indian Deputy High Commissioner. “Two high speed Indian aircraft violated Pakistani Airspace by 03 nautical miles at about 1040 hours in Attari, Fazilka sector. The aircraft stayed inside Pakistani airspace for about 02 minutes,” PAF spokesman said in a statement issued to media.
Musharraf denied bail in Bugti case QUETTA, June 11: An anti-terrorism court rejected on Tuesday an application for pre-arrest bail filed by retired Gen Pervez Musharraf in the Nawab Akbar Bugti murder case. Quetta ATC 1 judge Mohammad Ismail had reserved the judgment on Monday and issued ‘non-bailable’ arrest warrants of Gen Musharraf, former prime minister Shaukat Aziz, former governor of Balochistan Owais Ghani and former deputy commissioner of Dera Bugti Abdul Samad Lasi.
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