May 2008 in Pakistan

• May 31: Clocks in Pakistan were moved forward by an hour on Saturday, midnight as part of the government’s energy conservation programme. (Dawn.com) (Bloomberg)
• May 27: The Pakistan Muslim League (N) on Tuesday agreed to most points of the PPP-proposed constitutional package, but demanded reinstatement of the deposed judges through a parliamentary resolution in accordance with the Murree Declaration before tabling of the 18th Constitution Amendment Bill in the National Assembly. (Dawn.com)
• May 23: Pakistan stocks slumped the most in almost two years, with all equities on the benchmark index falling, after the central bank unexpectedly raised interest rates to tame inflation at a 25-year high. (Bloomberg)(Dawn.com)
• May 18: A bomb attack in the city of Mardan killed at least 13 people, including four soldiers and injured more than 20. This was the second attack in Mardan in a month after a car bomb on April 25 killed three and injured 26 people.(BBC)
• May 13: Ministers from Nawaz Sharif's party Pakistan Muslim League (N) resign from the Government of Pakistan. (BBC News)
• May 9:
  • State Bank of Pakistan (SBP) has halted indefinitely all exchange companies from exporting British Pound, Euro and Dirham, meanwhile, the dollar in open market still got costlier. (The News - Jang)
  • Pakistan says it has asked the United States not to appoint the former head of the US prison at Guantanamo Bay, Maj-Gen Jay Hood as military envoy in Islamabad as the appointment would have provoked uproar in Pakistan. (BBC News)
• May 8: Pakistan on Thursday conducted a successful ‘flight test’ of the indigenously developed nuclear capable air launched cruise missile, Hatf-VIII - Ra'ad. The test is part of a continuing process of validating the design parameters of the weapon system. (Dawn.com)
• May 5
  • Malayan Banking Bhd., Malaysia's biggest bank, agreed to pay as much as 60.3 billion rupees ($922 million) for 20 percent of Pakistan's MCB Bank Ltd. The acquisition would be Pakistan's biggest foreign banking investment and will help Maybank close the lead of rival Bumiputra-Commerce Holdings Bhd. (Bloomberg)
  • Pakistan tugs reins on rice exports: Pakistan, the world's fifth largest rice exporter, has imposed a minimum export price to increase earnings and withheld some cargoes destined abroad in order to build a domestic strategic reserve. (Reuters)