AGL 39.50 Decreased By ▼ -0.50 (-1.25%)
AIRLINK 129.80 Increased By ▲ 0.74 (0.57%)
BOP 6.82 Increased By ▲ 0.07 (1.04%)
CNERGY 4.68 Increased By ▲ 0.19 (4.23%)
DCL 8.52 Decreased By ▼ -0.03 (-0.35%)
DFML 41.05 Increased By ▲ 0.23 (0.56%)
DGKC 81.50 Increased By ▲ 0.54 (0.67%)
FCCL 32.84 Increased By ▲ 0.07 (0.21%)
FFBL 74.35 Decreased By ▼ -0.08 (-0.11%)
FFL 12.02 Increased By ▲ 0.28 (2.39%)
HUBC 109.50 Decreased By ▼ -0.08 (-0.07%)
HUMNL 14.28 Increased By ▲ 0.53 (3.85%)
KEL 5.29 Decreased By ▼ -0.02 (-0.38%)
KOSM 7.63 Decreased By ▼ -0.09 (-1.17%)
MLCF 38.65 Increased By ▲ 0.05 (0.13%)
NBP 65.40 Increased By ▲ 1.89 (2.98%)
OGDC 193.50 Decreased By ▼ -1.19 (-0.61%)
PAEL 25.75 Increased By ▲ 0.04 (0.16%)
PIBTL 7.35 Decreased By ▼ -0.04 (-0.54%)
PPL 154.19 Decreased By ▼ -1.26 (-0.81%)
PRL 25.51 Decreased By ▼ -0.28 (-1.09%)
PTC 17.50 No Change ▼ 0.00 (0%)
SEARL 80.00 Increased By ▲ 1.35 (1.72%)
TELE 7.80 Decreased By ▼ -0.06 (-0.76%)
TOMCL 33.75 Increased By ▲ 0.02 (0.06%)
TPLP 8.40 No Change ▼ 0.00 (0%)
TREET 16.30 Increased By ▲ 0.03 (0.18%)
TRG 57.41 Decreased By ▼ -0.81 (-1.39%)
UNITY 27.55 Increased By ▲ 0.06 (0.22%)
WTL 1.39 No Change ▼ 0.00 (0%)
BR100 10,618 Increased By 172.7 (1.65%)
BR30 31,212 Increased By 22.6 (0.07%)
KSE100 98,969 Increased By 1170.5 (1.2%)
KSE30 30,948 Increased By 467.3 (1.53%)

The US House of Representatives early on Sunday approved more money for the Pentagon but not the unpopular Iraq war, which is expected to be the subject of a major legislative clash this fall.
The defence appropriations bill passed by the House 395-13 provides $459.6 billion for the Pentagon for the fiscal year starting October 1, and maps out spending priorities. The Senate has already left Washington for an August recess, and is not scheduled to vote on the defence spending bill until the autumn.
The House version pays for everything from new ships and more soldiers to a 3.5 percent pay raise for the military - half a percentage point more than the Pentagon sought.
It does not include an extra $147 billion in Iraq war funds that the Bush administration wants Congress to approve this autumn, around the time US Iraq commander General David Petraeus reports to lawmakers on the war. Over $600 billion in war checks have already been written for Iraq and Afghanistan. The Democrat-majority House has voted three times this year for timetables to end US involvement in Iraq, and initially some lawmakers wanted to append pullout proposals to the Pentagon spending blueprint.
But they backed down after Democratic leaders decided to hold their fire on Iraq until September. The House did challenge Bush's conduct of the Iraq war with one vote earlier in the week, requiring US troops get more leave at home between deployments to Iraq. Bush has threatened to veto that measure, and its future is unclear in the Senate. The Pentagon spending blueprint approved on Sunday is $3.5 billion less than Bush requested. The White House has criticised many provisions but stopped short of a veto threat.
The bill strikes $139 million from a missile defence project the Bush administration plans for Eastern Europe. House aides said the cut would prevent construction on a missile interceptor site in Poland, the most controversial part of the project, which has angered the Russian government. The spending bill provides funding for an additional 7,000 Army soldiers - bringing the total to 489,000 - and 5,000 Marines, raising them to 180,000. It also provides for improved health care for soldiers returning from Iraq and Afghanistan.
It was one of the last bills lawmakers approved in a late-night session before joining the Senate on recess, and followed days of partisan bickering over House rules, exacerbated by little sleep.
Before the vote, several lawmakers sought unsuccessfully to strike some of the many "earmarks" - pet projects that benefit lawmakers' home districts - from the defence bill.

Copyright Reuters, 2007

Comments

Comments are closed.