In Thursday's South Asia papers

07 February 2008 04:30  [Source: ICIS news]

MUMBAI (ICIS news)--These were the top stories at 4:00GMT in the following South Asia newspapers’ online versions on Thursday. ICIS has not verified these stories and does not vouch for their accuracy. To go to the individual websites, click the links below:




Front Page


Army to raise 2 mountain units to counter Pak, China

The Army has launched preparations to raise two new mountain divisions, with around 15,000 soldiers each, which will be tailor-made for swift offensive operations in the mountains of north and North-East India. 


Congress to FM: Take care of 'aam-aadmi'

"Aam aadmi" concerns in an election year are only to be expected. But in Congress, reeling under a string of poll debacles and set for a series of electoral tests, it looked like a real worry as partymen on Wednesday asked the finance minister to give a please-all, bounteous Budget.




Can we cope with a global crash?

For many folks, it was the harbinger of branded stuff, fast-food chains and coffee shops. But now, globalization suddenly has an ominous ring to it, going from buzzword to bugbear. The definition has changed in the last few weeks because the US, the world's largest economy, is now staring at a recession that could take a toll on a large number of countries, including India. 


UK's Triumph to cruise in India

As Harley Davidson gears up to launch its bikes in India, another iconic brand - UK's Triumph - is finalising plan to burn its rubber on the Indian roads, with cruising in some of its famous brands, including the 2,300-cc 'Rocket III' cruiser and the 'Bonneville' classic, by year-end. 




Front Page


SEBI puts pre-IPO PE deals under scanner

Private equity (PE) deals struck ahead of initial public offerings (IPO) have come under regulatory glare. The capital market regulator, SEBI, has taken a serious view on such pre-IPO deals, where companies have raised debt through issuance of ‘IPO convertible’--a hybrid instrument which is debt in the garb of equity.


Auto majors eye sourcing pact with Argentum

A couple of European and Asian auto majors including Peugeot-Citroen of France are in talks with Argentum Motors to manufacture components and cars, it is reliably learnt.




Front Page


Our Energy Resources

To face the serious energy crisis, the government will begin seismic survey in the deep sea and offshore areas of the country through foreign companies for exploration of fresh gas and oil.


Draft of coal policy soon

The government is working to revise the country’s energy policy to meet the growing demand for power and energy and the draft of a coal policy will be finalised soon.




BD gets $ 21m orders from Frankfurt show

Bangladesh has received $ 20.8m export orders from a home textiles show in Germany. This includes confirmed orders of $7m and prospective orders of $13.8m.


G-7 meet to discuss global economic growth

The US will call on other economies at a weekend meeting of top finance officials to boost domestic demand to help offset US sluggishness, a senior US official said on Tuesday.



Front Page


Batti polls: Monitors urge Government to dispel fears 

The preliminary report of the People’s Action for Free and Fair Elections (PAFFREL) on the forth coming local council elections in Batticaloa urged the Government to make a credible demonstration of its capacity to control violence and dispel the fears of the people regarding the possible use of arms by some of the contesting parties.


12 candidates abducted

The UNP charged yesterday in Parliament that 28 persons including 12 candidates have been abducted in the Eastern Province after nominations were called for the local council elections.




Indian oil explorer bids for Lankan lots

CAIRAN Energy India private Limited, an energy giant operating in India, one of the bidders for oil exploration in Sri Lanka yesterday said that the company is looking forward to invest $200m on oil exploration in Sri Lanka.


Microimage Co-Sponsors “HR Awards 2007” 

Microimage, the pioneering e-HRIS solution provider joined hands with HRP (Association of Human Resource Professionals) by offering co-sponsorship for Sri Lanka’s main HR Awards event--HRM Awards 2007. 




Front Page


Kohat GOC, six other officers die in copter crash: Technical fault caused accident: ISPR

Major General Javed Sultan, the General Officer Commanding for Kohat, two brigadiers and five other military personnel were killed when an army helicopter crashed in South Waziristan Agency on Wednesday.

Baitullah declares ‘unilateral ceasefire’

Tehrik-i-Taliban chief Baitullah Mehsud declared a unilateral ceasefire in South Waziristan on Wednesday after the security forces started vacating positions in some key places.




Rupee hits lowest level since Sept 2001

The high demand and low supply pushed the dollar against the rupee to its highest level since September 2001. However, currency dealers said the rupee might see some appreciation on Thursday as market was expected to receive more supply of the greenback.


KSE 100-share index stays above 14,000 points level

The KSE 100-share index on Wednesday managed to sustain the index level of above 14,000 points with an extended gain, reflecting the strength of MCB Bank and some other blue chips on active follow-up support.




Front Page


Eight military officials killed in chopper crash

A army helicopter crashed in South Waziristan on Wednesday, killing eight people, including a general and two brigadiers, a military spokesman said. 


Aaj news channel blacked out again

Government on Wednesday took off air for a second time a Aaj news channel known for its independence, a network official said, despite assurances by President Pervez Musharraf to his allies that he would uphold media freedom.




Czech investors seek investment in Pakistan

Several investors from the Czech Republic are planning to visit Pakistan to get a first-hand knowledge of business opportunities to kick-start a string of joint ventures with their Pakistani counterparts.


Well progressed projects: funds release will continue

There will be no formal cut on the current fiscal Public Sector Development Programme (PSDP), and funds would continue to be released to the development projects that are progressing well, said spokesman Planning Commission Muhammad Asif Sheikh. 

By: Staff Reporter
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