In Friday's South Asia papers

01 August 2008 05:30  [Source: ICIS news]

THE TIMES OF INDIA

Front Page

Bush ticks off Pak PM: Who controls ISI?
An "annoyed" US president, George Bush, has confronted Pakistan's PM over ISI leaking intelligence, shared by Washington, to militants and quizzed him on who was controlling the spy agency.

Officer faces action for blowing whistle on sanctuary
Sanjeev Chaturvedi, a 33-year-old Indian Forest Service officer, is facing disciplinary action. His fault? He blew the whistle on a canal being dug without permission through Haryana's Saraswati Wildlife Sanctuary — home to the hog-deer, black buck and wildboar.

Business

Kingfisher, Jet raise fares; others to follow
It seems that there is no end to air fare hikes in the country.

HDFC and ICICI raise interest rates
Home owners who had bought their dream house with loans from banks or financial institutions, should ready themselves for a bigger hole in their pockets

THE ECONOMIC TIMES

Front Page

July rollover lowest; better days ahead?
In an anticlimax of sorts, the highly-volatile July series of derivative contracts expired on Thursday without the typical settlement day fireworks. A series, which yo-yoed violently during its life, expired absolutely flat - the June series had expired just a notch lower at 4315.85. And if rollover figures are anything to go by,

Jet, Kingfisher hike fares by 10%
Air travel will get more expensive from Friday with both Jet Airways and Kingfisher Airlines increasing basic fares by as much as 10%.

Business

Oil extends losses to $123 on waning US demand
Oil prices fell further towards $123/bbl on Friday, as sluggish US economic data prompted fund selling on fears of eroding demand in the world's top energy user.

Inflation creeps up again
The wholesale price index-based annual rate of inflation inched towards the 12%-mark. Increase in prices of some food articles and manufactured products pushed up the inflation to a 13-year high of 11.98% for the week ended July 19.

THE BANGLADESH TODAY

No news update

DAILY MIRROR

Front Page

Malaysia abolishes visa on arrival for Sri Lankans
Malaysia has abolished the visa on arrival (VOA) scheme for 27 countries, effective from today. According to a statement issued among the countries are India, Afghanistan, Sri Lanka and the latest entry, Pakistan.

North Korea beat SL (3-0) - Asia Challenge Cup football
North Korea beat Sri Lanka (3-nil) in the opening Asian Challenge Cup football final round group-B match played in Hyderabad, India. Sri Lanka will meet Myanmar on Sunday for their next match.

Business

Inflation dips for the first time this year
The Colombo Consumer price index New (CCPI (N)) slowed for the first time this year on its point to point number for the month of July while its moving average continued its upward trend.

Finlays in joint venture with LINEX
Finlays Colombo PLC yesterday announced their joint venture with Linehaul Express (LINEX), the Hong Kong based Express Logistics company.

DAWN

Front Page

Gilani, Singh to salvage peace process: Qureshi
The premiers of India and Pakistan will thrash out a plan this weekend to improve ties strained by clashes along LoC and bomb attacks on Indian targets, Pakistan’s foreign minister said on Thursday.

18 civilians killed by mortar shells
Mortar shells killed 18 civilians, including seven members of a family, and wounded 34 others in Swat’s Kabal tehsil on Thursday amid reports that the NWFP government has sought more troops to combat militancy in the area.

Business

Disbursement to poor may touch Rs42bn
Disbursement under the Benazir Income Support Programme is expected to touch Rs42bn as against budgetary provision for Rs34bn this fiscal year because of expected increase of one million households over and above 3.4m poorest of poor households already targeted to be reached with Rs1,000 a month handout.

Cotton price hits fresh peak
Cotton prices soared to a new high of Rs4,300 per maund on Thursday as spinners and mills were not inclined to take even a technical breather haunted by market talk of another short crop.

BUSINESS RECORDER

Front Page

51 killed as military clash militants in Swat
As many as 51 people including 26 militants and 25 civilians were killed on Thursday in the ongoing military operation in Swat valley, Aaj TV reported.

Future of deemed duty: ministry told to assess financial impact on refineries
The Economic Co-ordination Committee (ECC) of the Cabinet has directed the Ministry of Petroleum and Natural Resources to assess the probable financial impact on oil refineries in case the government further reduces or eliminates deemed duty, official sources told Business Recorder here on Thursday.

Business

NFC Award to be announced soon: Rabbani
Raza Rabbani, Leader of the House in Senate, meeting journalists in a meet the press here Thursday at a local hotel announced that new NFC Award would be announced in few weeks time.

Pakistan's foreign exchange reserves decline to $10.4877bn
Country's foreign exchange reserves have further plunged by some $240.7m during the last week. State bank of Pakistan on Thursday informed that country's foreign reserves have declined to $10.48bn during the week ended July 26, as against the $10.72bn a week earlier.

By: Staff Reporter
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