In Thursday's South Asia papers

11 September 2008 06:00  [Source: ICIS news]

THE TIMES OF INDIA

Front page

White House sends N-deal to Congress
The White House said on late Wednesday that it sent the text of a proposed US-India nuclear agreement to Congress for final approval.

Plan for private sector quota may be shelved
The government has abandoned its populist plan to extend job quotas to the private sector, giving up a scheme which had alarmed the industry, for a more pragmatic approach marked by a renewed push to locate job-intensive units in backward regions.

Business

Rupee loses ground, crosses 45 against dollar
Rupee depreciated sharply against dollar on Wednesday as it breached the Rs 45 a dollar level to close at 45.12 against previous close of Rs 44.84 on Tuesday.

Singur won't affect India plan: Lakshmi Mittal
Despite protest against Tata-Nano project in Singur, steel tycoon and the richest Indian Lakshmi Mittal said on Wednesday that India would be part of his futures.

THE ECONOMIC TIMES

Front page

Financial literacy to fuel market
Over the last year or so, there has been a sense of disquiet relating to the misselling of financial products.

Mittal holds Arcelor assembly in Delhi
It couldn’t be a bigger homecoming parade than this: top executives of the world’s largest steel maker, Arcelor-Mittal, have gathered in the homeland of the world’s richest Indian for their annual leadership summit.

THE BANGLADESH TODAY

Front page

Prices of essentials now tolerable: FBCCI
Although the prices of essential commodities are still very high at different kitchen markets, the country's apex trade body FBCCI on Wednesday claimed that the prices are at tolerable level now and hence there is no need to seek help from the law enforcers to oversee the markets.

Khaleda walks to freedom today
BNP Chairperson Begum Khaleda Zia will be released from sub-jail on Thursday as bail bonds in all four graft cases against her have been communicated to the jail authorities.

Business

Eskayef gets UK MHRA certification
Eskayef Bangladesh Ltd, one of the leading pharmaceutical manufacturers and exporters of Bangladesh has obtained accreditation from UK-based Medicines and Healthcare Products Regulatory Agency (MHRA) for its new plant at Tongi.

GP shareholders committed to IPO process
Shareholders of Grameenphone, Telenor and Grameen Telecom reiterated their continued commitment to the success of Grameenphone and to the ongoing IPO process.

DAILY MIRROR

Front page

No tsunami threat to Sri Lanka  
Massive earthquakes which hit Indonesia and Japan prompting initial Tsunami warning is not a threat to Sri Lanka.

Sri Lanka wins ‘Spirit of Cricket’ award  
The Sri Lanka cricket team won the ‘Spirit of Cricket’ award at the ICC awards in Dubai.

Business

LMS continues BIZ on new facility
Lanka Marine Services (LMS) is expected to provide customers with all grades of bunker fuels next week under a floating storage facility operated by the Sri Lanka Ports Authority (SLPA).

SCB assigned ‘AAA(lka)’ by Fitch ratings
Standard Chartered Bank Sri Lanka has been assigned the ‘AAA (lka)’ National Long Term rating by Fitch Ratings, which indicates a stable outlook.

DAWN

Front page

Kayani warns US to keep its troops out
Chief of the Army Staff General Ashfaq Parvez Kayani has rejected US claims that the rules of engagement gave the coalition forces in Afghanistan the right to enter Pakistan and declared that the country’s sovereignty and territorial integrity will be defended at all costs.

US includes Fata in its area of concern
The US military will revise its strategy for Afghanistan to include militant ‘safe havens’ in Pakistan in its area of concern, the top US military officer said on Wednesday.

Business

$500m ADB tranche likely this month: IMF issues Letter of Comfort
The government expects to get the first tranche of $500m of $1.3bn Asian Development Bank (ADB) loan before the end of this month as the hitch of a clearance by the IMF has finally been removed.

Pakistan slips to 77th slot in business index: No reforms initiated in 2007-'08
Pakistan did not introduce any reforms in 2007-08 to reduce regulatory burden on doing business as it ranked 77th among 181 world economies in providing an environment conducive to investment.

BUSINESS RECORDER

Front page

Sovereignty, territorial integrity to be defended: COAS 
The COAS, General Ashfaq Parvez Kayani has said that the sovereignty and territorial integrity of the country will be defended at all cost and no external force is allowed to conduct operations against Pakistan.

To meet IPI gas line expenses: Ogra allowed to include up to Rs 3 per BTU in gas bills
The Economic Co-ordination Committee (ECC) of the Cabinet on Wednesday allowed Oil and Gas Regulatory Authority (Ogra) to include up to Rs 3 per BTU in gas bills to meet the expenses of the Iran-Pakistan-India (IPI) gas pipeline.

Business

Good practices for doing business: Pakistan ahead of India and Bangladesh
Pakistan ranks 77 in good practices applied for doing business as compared to Bangladesh and India that rank 110 and 122 respectively, a World Bank report revealed.

July-August trade deficit widens to $3.522bn
Trade deficit in July-August 2008 widened to $3.522bn with $7.011bn imports against $3.489bn exports.

By: Staff Reporter
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