In Wednesday's South Asia papers

07 January 2009 05:00  [Source: ICIS news]

THE TIMES OF INDIA

Front page

The advance of Taliban
Lahore is 48 km from Amritsar, closer than Gurgaon is from Ghaziabad. From Lahore, Islamabad is another 260 km and 160 km north-west from there is the tiny town of Buner. Beyond that, begins the state of ‘Talibanistan’.

Pak in denial mode despite incriminating evidence
Within 24 hours of receiving a dossier on the Mumbai attacks, Pakistan has predictably trashed the document. Pakistan foreign secretary  Salman Bashir called it “insufficient” and not enough to take action on.

Business

No new updates

THE ECONOMIC TIMES

Front page

MFs look for alternatives to FMPs
The mutual fund industry, which had seen a rapid growth in assets under management (AUM), thanks largely to the success of fixed maturity plans (FMPs), could witness some major structural changes in the coming days.

OVL raises Rs 5,000 cr to fund Imperial buy
ONGC Videsh (OVL), the overseas investment arm of India’s biggest oil explorer ONGC, has sealed a deal to raise Rs 5,250 crore from Citibank India to part finance its recent $2.1-bn acquisition of UK-listed Imperial Energy.

THE BANGLADESH TODAY

Front page

Sheikh Hasina’s cabinet sworn in
Awami League President Sheikh Hasina was sworn-in- as the Prime Minister on Tuesday leading Bangladesh to democracy at the end of a two-year unrepresentative rule by an emergency government backed by Army.

A system will be introduced to establish people’s ownership: Hasina
After being sworn-in as new Prime Minister of the country, Awami League President Sheikh Hasina at a press conference at Bangabhaban on Tuesday said her new government wants to introduce a system where people's ownership will be established.

Business

Russia slashes gas exports to Europe
Ukraine said on Tuesday that Russia had drastically cut gas supplies to Europe and warned of "problems" ahead as several European countries reported that deliveries of Russian gas had stopped.

WTO says Lamy is sole candidate to head organisation
The World Trade Organisation said on Monday that its current director-general, Pascal Lamy, would be unopposed in his bid to renew his mandate when it expires in August this year.

DAILY MIRROR

Front page

RSF condemns MTV attack
Reporters Without Borders has strongly condemned Wednesday’s pre-dawn attack by a dozen heavily-armed men that badly damaged the studios of MTV/MBC in Pannipitiya after charges that the network’s reporting of the war between the government and LTTE was not “patriotic” enough.

Several suicide bombers in Colombo
According to intelligence reports there are close to 117 suicide bombers in Colombo alone, non-cabinet media Minister Lakshman Yapa Abeywardana has stated.

Business

Inflation to drop to single digit?
The Central Bank on Tuesday stated that with the deceleration of the rate of inflation, it is expected to hit a single digit in the early part of this year.

Ranjit Fernando appointed Director Commercial Bank
The Commercial Bank of Ceylon PLC has announced the appointment of Mr. Ranjit Fernando, as one of the Independent Directors of the Bank’s Board with effect from December 19.

DAWN

Front page

Cooperation against terror in jeopardy: India’s stand fraught with risks: Zardari
The government ‘emphatically rejected’ on Tuesday an allegation by Indian Prime Minister Dr Manmohan Singh that Pakistan was involved in sponsoring terrorism in India.

India launches new propaganda blitz
India launched a new propaganda campaign against Pakistan on Tuesday alleging that state authorities “must have had” a hand in the Mumbai terror attacks.

Business

Gilani orders immediate release of agriculture funds
Prime Minister Gilani on Tuesday directed the Ministry of Finance to release funds already approved for the Agriculture Ministry to ensure that on-going projects were not stalled.

Stocks up by 2.71%
Pakistani shares gained for a third straight trading session on Tuesday, adding 2.71% as investors awaited the launch of the government market bailout fund, dealers said.

BUSINESS RECORDER

Front page

Pakistan rejects allegations 
Pakistan has emphatically rejected the allegations levelled by Indian prime minister Manmohan Singh that the Mumbai attackers must have had support of Pakistani spy agencies. 

Gilani orders uninterrupted gas and oil supply to IPPs
Prime Minister Syed Yusuf Raza Gilani has directed the Ministry of Petroleum and Natural Resources to arrange uninterrupted supply of oil and gas to the IPPs for optimal supply of power.

Business

Legislation to protect investment, trade accords assured
Federal Minister for Investment Senator Waqar Ahmad Khan has said the government will not only give full protection to the investments, bilateral trade agreements and projects through legislation for the next 10 years, but will also implement them in letter and in spirit.

DPDC approves 777 schemes
The District Peoples Development Committee (DPDC) Hyderabad in its meeting held under the Chairmanship of MPA Pir Amjad Hussain Shah Jilani has approved 777 different development schemes recommended by all MNAs and MPAs of the district.

By: Staff Reporter
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