text: PRESS DIGEST - Pakistan - August 29 . Following are some of the main stories in Thursday 's Pakistani newspapers : DAWN - The government has decided to transfer the entire distribution network of electricity to foreign managements to curtail losses of billions of rupees . - The government has suffered a loss of 11 billion rupees due to tax holidays at industrial estates in Hub and Gadoon . - High Court officials have unearthed police-run human cages at Tando Allahyar near Hyderabad . Some 27 people were rescued from the private jail set up by the police . - Opposition leader Nawaz Sharif renewed a pledge to oust the Pakistan People 's Party government headed by Prime Minister Benazir Bhutto . BUSINESS RECORDER - Gas prices may go up by five percent to increase the rate of return of Sui Southern Gas and Sui Northern Gas companies . - Japan is importing 80 percent of cotton yarn from Pakistan every year . - The government has blamed sugar technologists for not supporting a long-term programme of research and development to increase production of sugarcane . FINANCIAL POST - Armed robbers pillaged 70 barrels of crude oil from a well near Gujar Khan on Wednesday . - Pakistan will pay an additional bill of $ 244 million as private power projects with capacity of 3,225 megawatt go on-line by 1998/99 . THE NATION - The government is facing extreme difficulties in meeting its revenue collections targets for 1996/97 . - Mohib Textile Mills has defaulted to nearly 23 development finance institutions , foreign and local banks , leasing companies and modarabas ( Islamic mutual funds ) . - Investment Minister Asif Ali Zardari expressed keenness for a close working relationship with Japanese companies so that investment from Japan can multiply.q - Karachi Stock Exchange index falls by 7.84 points . THE NEWS - The prime minister 's special economic assistant Shahid Hasan Khan said privatisation of thermal power plants , power generation from private plants and management contracts of Area Electricity Boards would help achieve 6.5 percent GDP growth . - Pakistan 's Muslim Commercial Bank , Vital Information System , and Duff and Phelps of the U.S. are likely to announce a strategic alliance with Bangladesh 's only credit rating company -- Credit Rating and Information Systems Ltd -- next month . - The Sindh High Court issued an ad-interim order restraining the Privatisation Commission from handing over Javedan Cement to Dadabhoy Investment ( pvt ) Ltd until it can consider a legal challenge mounted by unions to the deal . THE MUSLIM - Pakistan and Iran have agreed to expand and strengthen political , trade and economic relations . -- Islamabad newsroom 9251-274757