From the News, Nation, Dawn, Pakistan Observer, Daily Times, Frontier Post, Nawa-i-Waqt (Urdu), Jang (Urdu) and daily Express (Urdu) newspapers                                                                            

1 August 2009

Local News

Economic

• Karachi (APP) Sindh Chief Minister Syed Qaim Ali Shah held a high-level meeting here on Friday regarding setting up Japan Special Economic Zone near Karachi on an area of 2,000 acres (Dawn, p- 17)

International News

Political

• Tokyo (Agencies) Japan’s main ruling party, facing possible defeat in an election next month, tried to upstage the opposition on Friday with its own policy pledges to boost household income and revive the struggling economy (The Frontier Post, p- 5)

Economic

• Tokyo (AFP) Japan’s jobless rate hit a six-year high of 5.4% in June and deflation deepened as Asia’s biggest economy wrestled with the fallout from its worst recession in decades, data showed on Friday (Daily Times ,p- B5)