In Friday's South Asia papers

13 March 2009 05:09  [Source: ICIS news]


Front page

Qaida-Taliban's links with LeT worry India
Pak jihadi groups like LeT & Jaish have begun to use elements of al-Qaida and Taliban's strategic thinking and planning for terror attacks on Indian mainland.

Govinda doles out cash, EC to conduct inquiry
Mulayam Singh Yadav is not the only politician in trouble with the EC for allegedly distributing money during Holi festivities.


Time Warner names Google's Armstrong as AOL chief
Time Warner Inc on Thursday named Google executive Tim Armstrong to lead AOL, in what was seen as a bold move to reverse the fortunes of the struggling Internet unit in preparation for a spinoff.

Industry output contracts 0.5%
Indicating that the worse of the slowdown may be over, industrial output for January 2009 - showing a contraction of 0.5% as against 0.6% in the preceding month of December - pointed towards a turnaround though the recovery could still remain slow.


Front page

Pre-poll revelry may prop up select sectors
Spin-off effects of poll spending and post-election revelry could help businesses like liquor, auto and FMCG.

Eight suitors in Satyam bidding ring
At least 8 suitors have entered the bidding fray for Satyam, belying expectations that cos interested in buying will be fewer in number.


Front page

JBM’s link found in Pilkhana carnage: Faruk Khan
The investigation into the Pilkhana massacre is making headway with local and foreign investigators trying to find out the perpetrators as well as the mastermind of this barbaric act.

FM pleads not to create panic on Malaysia visa issue
Foreign Minister Dr Dipu Moni on Thursday urged all concerned to cease from creating panic over the issue of Malaysian visa as the government is urgently negotiating with Kuala Lumpur the scrapping of visas for 55,000 Bangladeshi job-seekers in the queue.


Government urged to provide trade-friendly atmosphere to women entrepreneurs
Women entrepreneurs at a discussion here on Thursday urged the government to provide them "proper policy support" and take appropriate measures for a trade-friendly atmosphere to help women entrepreneurs flourish their enterprises.

Government committed to making tourism-friendly environment: GM Qader
With a view to flourishing the country's tourism industry and to create enthusiasm among country men to travel more to domestic and foreign tourist destination, a three-day international Tourism Fair began in Dhaka on Thursday.


Front page

Five-year-old abducted for ransom
A five-year-old boy has been abducted in Trincomalee for ransom.

Karuna’s office in Samanthurai attacked
An office run by cadres loyal to Parliamentarian Karuna Amman was attacked in Samanthurai, Batticaloa early this morning.


WB warns growth will fall up to 2%
World Bank President Robert Zoellick warned in an interview on Thursday that growth in the world economy would likely fall by up to 2.0% this year in the worst economic crisis since the 1930s.

Taking advantage of the tough times
Several senior panelists recently highlighted the fact that the ongoing global crisis was a time to take advantage of while noting that the FMCG sector has been hardly affected unlike the banking industry.


Front page

UK, US try to pacify political crisis in Pakistan
As always, US and UK worry that political mayhem in Pakistan creates a vacuum in which militants gain strength.

Govt seems to be putting truce on hold
Govt lazing on its own moves to defuse the political crisis as Malik’s proposal of NA body for respite gets ignored.


Car sales plunge by 49% in July-Feb
Economic instability, high car prices and higher rates of car financing are cited as the cause of the sharp fall.

US seeks to double IMF loans to $500bn
US is seeking the amount to provide additional loans to the IMF to help countries in distress, like Pakistan.


Front page

Denial entry into Sindh: Kurd, lawyers stages sit-in at Sindh's border
President of Supreme Court Bar Association Ali Ahmed Kurd while leading hundreds of lawyers and political activists, staged protest sit-in at the border of Sindh and Balochistan in Naseerabad district of Balochistan late Thursday night, as their convoy was not allowed to enter Sindh, declaring they would continue sit-in until they are allowed to enter Sindh.

New foreign exchange reserves target fixed for June to be achieved: SBP chief
State Bank of Pakistan Governor Saleem Raza said on Thursday that Pakistan would achieve the new target of foreign exchange reserves set by International Monetary Fund (IMF) for 30 June.


The rupee: dollar retreats
Further improvement was seen on the currency market on Thursday as rupee recovered more ground versus dollar, dealers said.

July 2008-February 2009: over 19% increase in remittances
Remittances sent home by overseas Pakistanis continued to show a rising trend and witnessed an increase of 19.21% during the first eight months of current fiscal year (2008-09).

By: Staff Reporter
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