In Thursday's South Asia papers

15 May 2008 04:30 [Source: ICIS news]

Front Page

We did it, terror outfit brags in video
A little-known outfit, Indian Mujahideen , has claimed responsibility for carrying out the fatal blasts in Jaipur on Tuesday. And to buttress its claim, it sent video clips to the media of a cycle strapped with a bag that it claimed held the bomb.

Jaipur: Jolted, but spirit not crushed
What's the safest place to be the day after a terror attack? Obviously, the site of the attack. At the Hanuman Mandir near Jaipur's Sanganeri Gate, Tulsa Devi was back to selling fruits on Wednesday. And she's selling the previous day's wares.

Business

'No global recovery before 2009'
The International Monetary Fund (IMF) does not expect the global economy to recover before 2009, its chief Dominique Strauss-Kahn said on Wednesday.

DoT dials PM, finmin on spectrum
The fight for spectrum has turned a shade more complex, with the PMO (prime minister's office) and the finance ministry now appearing to have a firmer toe-hold in the increasingly controversial decision-making process for allocation of both 2G and 3G spectrum.

THE ECONOMIC TIMES

Front Page

'No pooling' norm to hit PMS hard, push up costs
Portfolio managers across the country are slowly coming to terms with the enormity of complying with the latest SEBI diktat on Tuesday, banning the pooling of clients assets under their portfolio management services (PMS) offerings.

Government may get keys to your BlackBerry mailbox soon
In a major change of stance, Canada-based Research In Motion (RIM) may allow the Indian government to intercept non-corporate emails sent over BlackBerrys.

THE BANGLADESH TODAY

Front Page

Political dialogue to take place at CA's office
The Chief Advisor's Office (CAO) has been selected as the venue for the much-talked-about dialogue between the political parties and the caretaker government on the outcome of which depends the nation's next course of journey.

AL vows to join talks only with Hasina
The Awami League Working Committee has formally rejected Chief Adviser's address to the nation and vowed to take part in ensuing dialogue only with the AL President and former Prime Minister Sheikh Hasina.

Business

Orascom keen to invest in BD banking sector
Orascom Telecom that owns Banglalink seeks to diversify investment into the banking sector in Bangladesh, said its visiting chairman Tuesday.

MS rod prices coming down soon: Zillur
Commerce and education Adviser Dr Hossain Zillur Rahman has said the prices of MS rods are coming down gradually and slip further in the coming days due to some steps taken by the government.

DAILY MIRROR

Front Page

Pillayan to be CM
TMVP Leader Sivanesathurai Chandrakanthan, alias Pillayan, is tipped to be appointed as the Eastern Province Chief Minister despite requests by Muslim ministers to appoint MLAM. Hizbullah to the post, government sources said.

President at Oxford seeks global help to crush Tigers
President Mahinda Rajapaksa has accused the LTTE of not reciprocating his efforts for a dialogue and sought global support to defeat the rebel outfit.

Business

Hayleys MGT profit up 33% to $5.8m
New products and lean manufacturing combined to knit strong top and bottom line results in 2007-08 for Hayleys MGT Knitting Mills, Sri Lanka’s largest manufacturer of polyester and polar fleece fabric.

Walkers tours partner, KE Adventure Travel - the best trekking operator on earth
KE Adventure Travel, a British partner of Nature Odyssey (the adventure travel arm of Walkers Tours), was rated "Best Trekking Operator on Earth" by the prestigious National Geographic Adventure magazine, which recently carried out the world’s first study of over 200 adventure travel operators in their search for the best.

DAWN

Front Page

Comprehensive plan for power conservation
The federal cabinet has decided that all markets in the country will close by 9pm and clocks will be moved forward by an hour (GMT+6) from 1 June till the end of August to save energy during the peak summer season.

PPP for joint session on judges issue
Taking a new position, the Pakistan People’s Party said on Wednesday the deposed judges would be reinstated through a resolution to be adopted by a joint session of the two houses of parliament.

Business

Banks raise dollar margin for exporters
Banks have increased by almost four times the difference in rates being given by them on dollars received as export proceeds and on opening letters of credit for imports during the current month, much to the anger of businessmen, who are already complaining of mounting cost of doing business in Pakistan.

Tuwairqi Steel to be ready by early 2009
Sindh minister of industries and commerce Abdul Rauf Siddiqui laid on Wednesday the foundation stone of induction furnace project of the upcoming first private sector steel project -- Tuwairqi Steel Mills -- near Port Qasim.

BUSINESS RECORDER

Front Page

Zardari vows to restore judges through resolution
PPP Co-Chairperson Asif Ali Zardari has said that there is disagreement only on one point with Nawaz Sharif on the restoration of judges. Reiterating his stance, he said the deposed judges will be restored through a resolution in accordance with Murree Declaration and committed to change the system.

No load shedding after one year: Raja Pervaiz
Minister for Water and Power Raja Pervaiz Ashraf on Wednesday said the government has prepared comprehensive plan to overcome load shedding problem in the country within one year.

Business

Fiscal deficit to be cut to five percent: Senate informed
The government on Wednesday said it would bring down fiscal deficit to 5 percent by end of the year from existing 8.5 percent and increase wages of the government employees to provide them some compensation for the rising prices of essential commodities.

ADB research team visits BoI
A five-member delegation of Asian Development Bank Pakistan Accelerating Economic Transformation Mission visited Board of Investment (BoI) and held detailed discussions with Secretary BoI, Ahmad Waqar. The team is preparing a report on various sectors where investment has been attracted during the last few years.

By: Staff Reporter
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