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Print - 2009-07-10
ANP demands Fata's merger with NWFP

ANP demands Fata's merger with NWFP

Awami National Party (ANP) President Asfandyar Wali Khan MNA demanded of the federal government to merge the Federally Administered Tribal Area (FATA) into the North-West Frontier Province (NWFP). Briefing the media after the meeting of the Central Workin
Published 10 Jul, 2009 12:00am
Car manufacturers involved in black marketing: Wattoo

Car manufacturers involved in black marketing: Wattoo

Minister for Industries and Production, Manzoor Ahmad Wattoo said on Thursday that car manufacturers are involved in black marketing and the National Assembly's Standing Committee has taken serious note of this situation. After the meeting, talking to med
Published 10 Jul, 2009 12:00am
MCC places 60 top exporters in 'gold category'

MCC places 60 top exporters in 'gold category'

Model Customs Collectorate (MCC), Faisalabad, has placed 60 top exporters of the region in 'gold category' while one in 'silver category' for dispensing of expeditious duty drawback claims. The rebate claims of other exporters are also being sanctioned qu
Published 10 Jul, 2009 12:00am
THE RUPEE: dollar gains five paisa more

THE RUPEE: dollar gains five paisa more

Bearish sentiment persisted on the interbank market on Thursday as the rupee fell five paisa more against dollar for buying and selling at 81.75 and 81.80, dealers said. Strong demand for dollars kept the rupee in drifting position and it appeared that if
Published 10 Jul, 2009 12:00am
THE RUPEE: dollar gains five paisa more

THE RUPEE: dollar gains five paisa more

Bearish sentiment persisted on the interbank market on Thursday as the rupee fell five paisa more against dollar for buying and selling at 81.75 and 81.80, dealers said. Strong demand for dollars kept the rupee in drifting position and it appeared that if
Published 10 Jul, 2009 12:00am
Mirwaiz reiterates demand of Indian troops' withdrawal

Mirwaiz reiterates demand of Indian troops' withdrawal

The Chairman of All Parties Hurriyet Conference, Mirwaiz Umar Farooq has said that talks with New Delhi will be only held when draconian laws are revoked and withdrawal of India troops materialises in occupied Kashmir.
Published 10 Jul, 2009 12:00am
Nadra wins Nigeria's civil registration project

Nadra wins Nigeria's civil registration project

The National Database and Registration Authority (Nadra) has won the Nigeria's civil registration project by beating the international IT firms from USA, UK, Germany and India in the bid, APP learnt here on Thursday. The Nigerian government invited IT fir
Published 10 Jul, 2009 12:00am
Miliband, Nawaz discuss bilateral ties

Miliband, Nawaz discuss bilateral ties

British Foreign Secretary David Miliband called on Pakistan Muslim League-Nawaz (PML-N) Quaid Mian Nawaz Sharif on Thursday and discussed bilateral relations between the two countries. Miliband said that he saw greater political consensus in Pakistan on c
Published 10 Jul, 2009 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (July 09, 2009).

Published 10 Jul, 2009 12:00am
Pakistan facing challenges squarely: Babar Awan

Pakistan facing challenges squarely: Babar Awan

Underscoring the serious economic and security challenges facing Pakistan, the visiting Parliamentary Affairs Minister, Senator Babar Awan, has urged Pakistani-Americans to create a strong lobbying group capable of influencing public opinion as well as th
Published 10 Jul, 2009 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (July 09, 2009).

Published 10 Jul, 2009 12:00am
Pakistan becomes third largest rice exporting country: TDAP

Pakistan becomes third largest rice exporting country: TDAP

Trade Development Authority of Pakistan (TDAP) Chief Executive Syed Muhaibullah Shah has said that Pakistan becomes the third largest rice exporting country in the world. Talking to a private news channel, he said Pakistan was the 12th largest rice produc
Published 10 Jul, 2009 12:00am
Complexities of medical treatment in India claim two Pakistanis' lives

Complexities of medical treatment in India claim two Pakistanis' lives

Pakistani patients coming to India for treatment of different ailments are facing heavy odds as two women died within a span of ten days under difficult situation who came here for liver transplant surgeries. Besides seeking treating for other diseases, t
Published 10 Jul, 2009 12:00am
Programme for small farmers launched in Sindh

Programme for small farmers launched in Sindh

Federal government has provided Rs 1607.012 million for providing training and latest agriculture input technology to small farmers to enhance per acre yield and increase their income with collective market mechanism and small agro business interventions
Published 10 Jul, 2009 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Thursday (July 09, 2009).

Published 10 Jul, 2009 12:00am
Admiral Giampaolo meets military top brass

Admiral Giampaolo meets military top brass

Chairman of the Nato Military Committee, Admiral Giampaolo Di Paola, who is on an official visit to Pakistan, met with senior military officials on Thursday and discussed matters of professional interest.
Published 10 Jul, 2009 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Thursday (July 09, 2009).

Published 10 Jul, 2009 12:00am
ITP to launch Radio FM 92.4

ITP to launch Radio FM 92.4

Islamabad Traffic Police will formally launch FM 92.4 radio service test transmission shortly in order to educate the citizens about the importance of traffic rules and their compliance by the road users to ensure the safety on roads. This was stated by t
Published 10 Jul, 2009 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Thursday (July 09, 2009) and for Friday (July 10, 2009).
Published 10 Jul, 2009 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (July 09, 2009).

Published 10 Jul, 2009 12:00am
Import of 397 items: hike in duties to increase smuggling

Import of 397 items: hike in duties to increase smuggling

The increase in customs duty, from 5% to 35%, and the levy of maximum regulatory duty on the import of 397 items, in the budget, for the financial year, 2009-10, would increase imports under the Afghan Transit-Trade Agreement (ATT), depriving Pakistan of
Published 10 Jul, 2009 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (July 09, 2009).

Published 10 Jul, 2009 12:00am
Indonesian songs, dances enthrall audience

Indonesian songs, dances enthrall audience

The traditional Indonesian songs and cultural shows enthralled gathering in the Indonesian Embassy here on Wednesday at a social programme organised as part of preparation to celebrate the upcoming 64th Independence Day of Indonesia.
Published 10 Jul, 2009 12:00am
LME official prices

LME official prices

The following were Wednesday official prices.

Published 10 Jul, 2009 12:00am
RTO revenue collection till June-end amounts to Rs 49.820 billion

RTO revenue collection till June-end amounts to Rs 49.820 billion

The Regional Tax Office (RTO), Lahore, has collected Rs 49.820 billion up to 30th June, 2009 under income tax, sales tax and Federal excise duty, showing an overall increase of 26 percent over the last year. According to sources in the Lahore RTO on Thurs
Published 10 Jul, 2009 12:00am
LME official prices

LME official prices

The following were Wednesday official prices.

Published 10 Jul, 2009 12:00am
Pepco upgrades power distribution system in Sindh

Pepco upgrades power distribution system in Sindh

Pakistan Electric Power Company has put in substantial efforts to execute a comprehensive system upgradation and infrastructure development plan in urban and rural areas of Sindh. Hyderabad Electric Supply Company (Hesco) has been tasked to implement gove
Published 10 Jul, 2009 12:00am
Textile industry needs energy to keep wheels moving

Textile industry needs energy to keep wheels moving

Textile industry needs energy to keep its wheel moving in order to feed banks, provide jobs to labourers, produce surplus exports and generate revenues for the national exchequer. The textile sector's total electricity consumption has reduced to 80MW besi
Published 10 Jul, 2009 12:00am
PQFTL announces unit prices

PQFTL announces unit prices

Pak-Qatar Family Takaful Managed Fund (PQFTL) announced unit prices for the following funds on July 07, 2009.

Published 10 Jul, 2009 12:00am
Governor inaugurates country's first parking plaza

Governor inaugurates country's first parking plaza

Accompanied by Nazim Karachi Syed Mustafa Kamal, Sindh Governor Dr Ishratul Ibad Khan on Thursday inaugurated country's first multi-storeyed parking plaza in Saddar which has a capacity to park 700 cars and 500 motorcycles at a time. Speaking on the occas
Published 10 Jul, 2009 12:00am
PQFTL announces unit prices

PQFTL announces unit prices

Pak-Qatar Family Takaful Managed Fund (PQFTL) announced unit prices for the following funds on July 07, 2009.

Published 10 Jul, 2009 12:00am
Seminar on aviation safety today

Seminar on aviation safety today

The International Society of Air Safety Investigators (ISASI) and Royal Aeronautical Society (Pakistan Division) are co-hosting a seminar on 'Aviation Safety in Pakistan', sponsored by Pakistan International Airline (PIA) today in Multan. According to a P
Published 10 Jul, 2009 12:00am
The Weather

The Weather

The weather report on Thursday (July 09, 2009) and the forecast for Friday (July 10, 2009).

Published 10 Jul, 2009 12:00am
Sarkozy to visit Pakistan for finalising global partnership accord

Sarkozy to visit Pakistan for finalising global partnership accord

The French President Nicolas Sarkozy will visit Pakistan by the end of this year to finalise an agreement of global partnership under which access of Pakistani businesses to the global market would be further strengthened besides advancement in the techno
Published 10 Jul, 2009 12:00am
HBL to introduce new products

HBL to introduce new products

Head of Retail and Commercial Lending Habib Bank Limited (HBL) Mubashar Maqbool said that the bank was going to introduce some new products, including a small financing scheme for small businesses Speaking at a meeting of the Karachi Chamber of Commerce a
Published 10 Jul, 2009 12:00am
KSE members asked to provide Proprietary UIN

KSE members asked to provide Proprietary UIN

The Karachi Stock Exchange (KSE) has asked all the members to provide their Proprietary UIN to Clearing House of the exchange up to July 13. In a notice issued here on Thursday, the KSE informed that the related system for the Client Level Margining has b
Published 10 Jul, 2009 12:00am
Biztek condoles Professor Syed's death

Biztek condoles Professor Syed's death

The Rector, along with the faculty of the Institute of Business and Technology (Biztek) has condoled the death of professor Syed Mumtaz Saeed, a senior educationist and a distinguished visiting member of faculty of the institute.
Published 10 Jul, 2009 12:00am
Indonesia invites traders for exhibition

Indonesia invites traders for exhibition

Indonesia has invited Pakistani traders for the October exhibition so that bilateral trade between both countries can grow. According to a press release issued here on Thursday, Indonesian Consul General Mustaqeem while addressing the traders at the main
Published 10 Jul, 2009 12:00am
Industrialists refuse to pay municipal charges to CDGK

Industrialists refuse to pay municipal charges to CDGK

Industrialists have refused to pay utility bills for municipal charges issued by the City District Government Karachi (CDGK) to the industries in SITE area. Their stand is that they are already paying for the utility services to SITE Ltd as they fall in i
Published 10 Jul, 2009 12:00am
Decision regarding e-filing of IT returns as mandatory criticised

Decision regarding e-filing of IT returns as mandatory criticised

Speakers at a seminar on Thursday criticised the decision regarding e-filing of income tax returns as mandatory requirement for Association of Persons (AoPs) and registered sales-tax payers from ongoing fiscal year. They were speaking at a seminar on Fina
Published 10 Jul, 2009 12:00am
PGJDC organises gemstone identification, grading course

PGJDC organises gemstone identification, grading course

Pakistan Gems and Jewellery Development Company (PGJDC) has organised a two-week gemstone identification and grading course at its Gems and Jewellery Training and Manufacturing Centre (GJTFMC) in Lahore. The training course started on 7th July and would c
Published 10 Jul, 2009 12:00am
Surge in India's defence outlay: cause of concern

Surge in India's defence outlay: cause of concern

The Indian budget for 2009-10 has created much furore in the Pakistani press. The reason is the Congress (I) government's decision to increase its outlay on defence by a hefty 24 percent. This, understandably, must have sent shivers up the spine of the Pa
Published 10 Jul, 2009 12:00am
Russia becomes party to Afghan conflict

Russia becomes party to Afghan conflict

Twenty years after a humiliating defeat in Afghanistan, Moscow is once again looking in that direction; this times as an ally of its erstwhile tormentor, the United States. Under an agreement signed at the Kremlin during President Obama's visit, the Unite
Published 10 Jul, 2009 12:00am
Thar coal project

Thar coal project

The Sindh government and Engro Chemicals Limited have agreed to form a joint venture for the development of Thar coal mining and power generation. The proposal to develop Thar coal for power generation, with reserves estimated at 850 trillion cubic feet (
Published 10 Jul, 2009 12:00am
The costs of carbon Legislation

The costs of carbon Legislation

In two of his recent op-eds for the New York Times, Nobel laureate Paul Krugman has challenged critics of the government's intentions to regulate carbon dioxide emissions, and he has even specifically endorsed the pending Waxman-Markey bill which includes
Published 10 Jul, 2009 12:00am
Building a knowledge-based economy?

Building a knowledge-based economy?

Some of the contents of the approach paper for Pakistan's tenth 5-year plan were recently published by a Lahore based newspaper. The approach paper recognises the key role of "knowledge" in economic growth and prosperity of Pakistan and will help set the
Published 10 Jul, 2009 12:00am
Apps a nail in coffin of broadcast mobile TV

Apps a nail in coffin of broadcast mobile TV

For years it was the talk of the wireless industry: beaming television to the world's four billion cellphones would be the icon of the digital age. Now, just three letters are hastening the demise of that vision. App. Short for "application", the programs
Published 10 Jul, 2009 12:00am
'Not for profit'!

'Not for profit'!

Will some body please enlighten me what precisely is meant by a not for profit institution? There are many, specially educational institutions set up by collecting donations by con artists from all and sundry under the garb of being do gooders. They then
Published 10 Jul, 2009 12:00am
Altaf's open letter to Chief Justice

Altaf's open letter to Chief Justice

Altaf Hussain in an open letter to the Chief Justice of Pakistan has made an earnest appeal to initiate legal proceedings against those influential persons who obtained loans of billions of rupees but did not repay it. Instead they manoeuvred to get these
Published 10 Jul, 2009 12:00am
Clash on petrol prices: three lawyers, SHO injured

Clash on petrol prices: three lawyers, SHO injured

Three senior lawyers including SHO Police station Kotwali were injured, when employees of PSO petrol pumps burst over the Lawyers over the petroleum prices dispute, here on Thursday morning. Lawyers fraternity observed boycotts of City Court and observed
Published 10 Jul, 2009 12:00am
CDA set to launch water conservation plan

CDA set to launch water conservation plan

Capital Development Authority (CDA) is all set to launch "water conservancy management plan" in order to meet the growing demands of drinking water of the residents of the Federal Capital. "The programme has already been approved by Chairman, CDA, Imtiaz
Published 10 Jul, 2009 12:00am
PLPA appeals to transfer teachers to hometown from Balochistan

PLPA appeals to transfer teachers to hometown from Balochistan

Punjab Lecturers and Professors Association (PLPA) has appealed again to the federal government to transfer the Punjabis teachers to their hometown from Balochistan, as they were being targeted in different areas where Pakistan flag is not allowed to hois
Published 10 Jul, 2009 12:00am
Government wants respectable return of IDPs: Wattoo

Government wants respectable return of IDPs: Wattoo

Minister for Industries and Production, Mian Manzoor Wattoo has said the government wants respectable return of IDPs to their respective areas. Talking to a private TV channel, he said the government will provide all required items to IDPs on their return
Published 10 Jul, 2009 12:00am
Pakistan, Germany sign MoU on clean development mechanism

Pakistan, Germany sign MoU on clean development mechanism

Pakistan and Germany on Thursday signed a Memorandum of Understanding (MoU) on Clean Development Mechanism (CDM) at a ceremony held at the German Ministry for the Environment, Nature Conservation and nuclear safety. The MoU was signed by Ambassador Shahid
Published 10 Jul, 2009 12:00am
ST collectorate processes Rs 1,285 million refund claims

ST collectorate processes Rs 1,285 million refund claims

Local sales tax collectorate has processed refund claims of Rs 1285 million for the financial year ended June 30, 2009. Collector Sales Tax, Faisalabad, Syed Zulfiqar Ali Kazmi said this in a meeting with leading textile exporters at Pakistan Textile Expo
Published 10 Jul, 2009 12:00am
Constitution committee meets

Constitution committee meets

Provincial Committee set up for amendments and reforms in the constitution met at Chief Minister House on Wednesday night with Chief Minister Qaim Ali Shah in the chair. The meeting was attended by legal expert and former Governor Kamal Azfar, Senior PPP
Published 10 Jul, 2009 12:00am
Nepal wants to establish economic, trade ties with Pakistan

Nepal wants to establish economic, trade ties with Pakistan

Nepal wants to establish reasonable business and economic ties with Pakistan, expressed Ambassador of Nepal, Bala Bahadur Kunwar, on the eve of a meeting held within the Faisalabad Chamber of Commerce and Industry. Both nations should take steps for mutua
Published 10 Jul, 2009 12:00am
'Drive against spurious drugs, quackery to be launched'

'Drive against spurious drugs, quackery to be launched'

Chairman Chief Minister Task Force for Prevention of Spurious Drugs and Quackery Abdul Rehman Rana MPA has said that a full-fledged and comprehensive campaign was being initiated to eradicate spurious drugs and quackery system from the division.
Published 10 Jul, 2009 12:00am
'Local government system to be reviewed and amended'

'Local government system to be reviewed and amended'

Minister for Local Government and Rural Development Abdul Razzaq A Thahim on Thursday said the LG system was purely provincial subject to be reviewed by introducing some necessary amendments under the Article 32, to remove the visible deficiencies and mak
Published 10 Jul, 2009 12:00am
Revamped Children Ward, OPD at PolyClinic inaugurated

Revamped Children Ward, OPD at PolyClinic inaugurated

State Minister for Health Chaudhry Muhammad Afzal Sindhu inaugurated the revamped Children Ward and Children OPD of the Federal Government Services Hospital (PolyClinic), a pilot project of Ufone's Child Healthcare initiative on Thursday.
Published 10 Jul, 2009 12:00am
10,000 families to be given houses free of cost: Qaim

10,000 families to be given houses free of cost: Qaim

Sindh Chief Minister Syed Qaim Ali Shah has said that some 10,000 families would be given houses free of cost during the current year. He chaired a meeting held at Chief Minister House on Thursday and reviewed the free housing project for homeless familie
Published 10 Jul, 2009 12:00am
300-bed hospital being set up at Bahawalpur

300-bed hospital being set up at Bahawalpur

A 300-bed hospital would be established at Bahawalpur, which would have modern health care facilities. According to Commissioner Bahawalpur, Muhammad Mushtaque Ahmad, a district headquarters hospital would be established in Bahawalpur. He said that record
Published 10 Jul, 2009 12:00am
Balochistan government to upgrade 217 schools

Balochistan government to upgrade 217 schools

The Balochistan government has decided to award scholarships to hundreds of students of the province under Shaheed Benazir Bhutto Scholarship Programme for which Rs 76 million have been allocated. According to sources in the Education and Finance Departme
Published 10 Jul, 2009 12:00am
US envoy visits IDP camp complex at Jalozai

US envoy visits IDP camp complex at Jalozai

US Ambassador Anne W. Patterson on Thursday visited the Jalozai camp complex in Nowshera district where 120,000 internally displaced persons (IDPs) are currently receiving humanitarian relief from the United States channelled through both the Government o
Published 10 Jul, 2009 12:00am
IDPs for more visa debit card distribution centres

IDPs for more visa debit card distribution centres

Internally Displaced Persons (IDPs) have urged upon the concerned authorities to set up more centres for distribution of visa debit card as one centre could not cater to the existing needs. Talking to APP here, Farmanullah of Dir said that they were facin
Published 10 Jul, 2009 12:00am
'Empowering women plays key role in economic development'

'Empowering women plays key role in economic development'

Empowering women plays a key role towards the economic development of Pakistan, as over 50 percent country's population comprises women. This was stated by Rehana G Ali Memon, Special Secretary, (Technical) Planning and Development Department, Government
Published 10 Jul, 2009 12:00am
European credit spreads tighten

European credit spreads tighten

European credit spreads tightened on Thursday after a positive start to the earnings season and improving jobs data, but debt protection costs on Vivendi jumped on take-over talk. By 1440 GMT the investment-grade Markit iTraxx Europe index was at 120.5 ba
Published 10 Jul, 2009 12:00am
European credit spreads tighten

European credit spreads tighten

European credit spreads tightened on Thursday after a positive start to the earnings season and improving jobs data, but debt protection costs on Vivendi jumped on take-over talk. By 1440 GMT the investment-grade Markit iTraxx Europe index was at 120.5 ba
Published 10 Jul, 2009 12:00am
Britain's top share index up

Britain's top share index up

Britain's top share index closed 0.5 percent higher on Thursday, ending a three-day losing streak on the back of gains in miners after reassuring earnings from Alcoa. The FTSE 100 index closed 18.43 points firmer at 4,158.66, having fallen 1.1 percent the
Published 10 Jul, 2009 12:00am
Thursday's early trade: Wall Street pares gains

Thursday's early trade: Wall Street pares gains

The S&P 500 and the Nasdaq briefly pared gains on Thursday, and the Dow traded near break-even, following results of the latest US government bond auction. The Dow Jones industrial average was down 2.19 points, or 0.03 percent, at 8,176.22. The Standard &
Published 10 Jul, 2009 12:00am
Indian shares flat

Indian shares flat

Indian shares ended flat on Thursday, as investors unwound positions on concerns over the delay in the monsoon and ahead of June-end quarterly earnings, which are expected to be weak, dealers said. The benchmark 30-share Sensex fell 11.69 points or 0.08 p
Published 10 Jul, 2009 12:00am
Indonesian bonds gain on post-poll cheer

Indonesian bonds gain on post-poll cheer

Indonesian sovereign bond prices rose on Thursday as investors cheered provisional results that showed President Susilo Bambang Yudhoyono won a second term, while the broader market was also firmer. "The market seems to like Yudhoyono. One thing for sure,
Published 10 Jul, 2009 12:00am
Indonesian bonds gain on post-poll cheer

Indonesian bonds gain on post-poll cheer

Indonesian sovereign bond prices rose on Thursday as investors cheered provisional results that showed President Susilo Bambang Yudhoyono won a second term, while the broader market was also firmer. "The market seems to like Yudhoyono. One thing for sure,
Published 10 Jul, 2009 12:00am
Indian rupee recovers

Indian rupee recovers

The Indian rupee recovered from eight-week lows on Thursday as the dollar fell sharply against major currencies, but its gains were capped by a choppy local sharemarket. The partially convertible closed at 48.72/73 per dollar, after falling to 49.06, its
Published 10 Jul, 2009 12:00am
Dollar and yen fall in London

Dollar and yen fall in London

The yen and the dollar fell on Thursday, correcting some of the previous session's gains, while sterling extended gains after the Bank of England kept its quantitative easing target unchanged. A recovery in European stocks helped to buoy the euro and perc
Published 10 Jul, 2009 12:00am
Three-month Libors at fresh lows

Three-month Libors at fresh lows

The cost of dollar, euro and sterling funds banks lend to each other for three-month periods reached fresh lows on Thursday, but the Bank of England surprised markets by leaving its bond-buying operations unchanged.
Published 10 Jul, 2009 12:00am
Afghanistan revises contentious marriage law

Afghanistan revises contentious marriage law

Afghanistan's government has revised a marriage law that sparked an international outcry over sections that appeared to legalise marital rape, Justice Ministry officials said Thursday. Women's rights activists welcomed the changes, which must still be app
Published 10 Jul, 2009 12:00am
Sterling jumps

Sterling jumps

Sterling jumped against the dollar and euro on Thursday after the Bank of England kept its quantitative easing target unchanged, surprising markets which had expected the central bank to expand its asset buying scheme.
Published 10 Jul, 2009 12:00am
ICC given names of Kenya election crisis suspects

ICC given names of Kenya election crisis suspects

Kenya's post-election crisis mediator Kofi Annan said on Thursday he had handed a sealed envelope with the names of top suspects for the violence to the International Criminal Court's prosecutor. The move heightens pressure on Kenya's shaky coalition gove
Published 10 Jul, 2009 12:00am
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