In Wednesday's South Asia papers

10 June 2009 05:00  [Source: ICIS news]

THE TIMES OF INDIA

Front page

Pvt varsities found lacking suddenly cleared
Private educational institution found lacking in infrastructure or faculty by one UGC team, were found fit for deemed university status a few months later by another.

Four dead, 57 hurt as bomb goes off in Pak hotel
The death toll from a suicide blast at a luxury hotel in Pakistan’s northwest Peshawar city has risen to 14, while 57 people were injured, a police official said on Wednesday.

Business

No new updates

THE ECONOMIC TIMES

Front page

Irrational exuberance revisits D-St, and how!
The smart comeback of the Sensex has bloated valuations of many stocks to levels where they are quoting at abnormally high price-to-earnings (P/E) ratio now.

How to turn Rs100 into Rs1.9 crore in three months
Starting 2 March, if an investor knew which stock would end up being the best performer every single day, he could have made Rs1.9 crore.

THE BANGLADESH TODAY

Front page

BNP daydreaming about midterm polls: AL spokesman
Awami League spokesperson and LGRD minister Syed Ashraful Islam on Tuesday blasted the BNP’s remark ‘on midterm polls after dissolving the parliament’ terming it a daydream.

BNP protests govt’s ‘unfair’ behaviour
BNP strongly condemned government’s "indecent behaviour" with Leader of the Opposition and ex-premier Khaleda Zia, as her official car was allegedly barred from moving towards her cantonment residence in a latest development in the row over the house.

Business

Financial crisis to leave ‘permanent scars’ on economies
The current financial crisis is going to leave "permanent scars" and government leaders must prepare to face new realities such as higher unemployment level and lack of credit, the head of the Organisation for Economic Cooperation and Development (OECD) said here on Monday.

Optical fibre-based NTTN service to reduce operational cost by 40%
The telecom companies providing their services in Bangladesh are badly burdened with operation expenditure in comparison with their capital expenditures or investments, sources said.

DAILY MIRROR

Front page

Accidental explosion at ammunition dump in Vavuniya
There has been an accidental explosion in an ammunition dump at the Wanni army command in Vavuniya a short while ago.

Profit taking brings down market
Investors took profits as the indices at the CSE closed down but they continued to put their money into shares that have short and medium term potential.

Business

From the World’s Best Airport (KLIA)
The good, the bad and the ugly airports from around the world came under the spotlight at the International Air Transport Association (IATA) AGM held for the 65th year.

41 more privatisations should be scrutinised - Vasu
Left-oriented politician and advisor to the President, Vasudeva Nanayakkara, is set to question the validity of 41 more privatisations, following the success of the SLIC privatisation being handed back to the state.

DAWN

Front page

Rampaging militants kill 11, injure 50 in Peshawar hotel
A huge explosion ripped through the sole five-star hotel of the Frontier province’s metropolis on Tuesday evening, killing 11 people. A foreign national was among the dead.

More senators back ‘constitutional’ Malakand fight
More senators on Tuesday backed what a noted legal figure among them called a constitutional military action against Taliban rebels in Malakand division on the third day of a debate in the upper house.

Business

Hefty package likely for textile industry in upcoming budget
The government has decided in principle to announce a substantial package of subsidies for the textile and clothing sector in the upcoming budget 2009-2010, Dawn has learnt.

‘Evaders, not payers, to be taxed’
Federal Board of Revenue chairman Sohail Ahmad has said the government will not burden the existing taxpayers in the budget, but plug the revenue leakages. And there will be zero-tolerance against the tax evaders.

BUSINESS RECORDER

Front page

12 dead in Pearl Continental hotel blast
A massive truck bomb ripped through a luxury hotel Tuesday killing 12 people and wounding 56 in Peshawar.

Economy grows by 2% against 4.5% target
Pakistan’s economy grew by only 2% in 2008-2009, against the target of 4.5%, due to poor performance of almost all sectors, coupled with internal and external pressures of extreme nature.

Business

New trade policy will be comprehensive: Suleman
The new trade policy will encapsulate the entire foreign trade spectrum providing directions and guidelines not only for import and export but also the financial and industrial facilities as well as removing hurdles and provision of necessary incentives to increase the textile exports of the country.

Infrastructure development top priority: Shahbaz
Punjab Chief Minister, Muhammad Shahbaz Sharif, has said that government is paying special attention to infrastructure development and a number of projects are being executed in the province.

By: Staff Reporter
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