In Thursday's South Asia papers

09 July 2009 05:00  [Source: ICIS news]

THE TIMES OF INDIA

Front page

Al-Qaida leadership in Pakistan’s FATA: US
Admiral Mike Mullen, chairman of the US Joint Chiefs of Staff, has said the Al Qaida leadership resides in the federally-administered tribal areas (FATA) of Pakistan and the United States is determined to defeat them.

G8 agrees to limit global warming; China, India resist
The G8 agreed on Wednesday to try to limit global warming to 2 degrees Celsius and cut its greenhouse gas emissions by 80%, but it failed to persuade China and India to join a bid to halve world emissions.

Business

Auto sales revving up, increase 14% in June
New models, discounts and easing retail finance helped car sales grow for the fifth month in a row, with June sales up 8% at 1.07 lakh units against 99741 units in the same month last year.

MTNL eyes tie-up with an MNC for 3G services
MTNL is finally breaking out of its slumber by teaming up with a telecom MNC to take on powerful brands like Airtel, Vodafone, Reliance, Tata and Idea in 3G services.

THE ECONOMIC TIMES

Front page

Market is over-reacting, say experts
If market veterans are to be believed, then it was only a case of over-reaction, wherein euphoric expectations were met with a clear reality check.

Infosys bids adieu to Nandan Nilekani on Thursday
Infosys will be bidding farewell to one of its founding legends today, who is leaving to head the central government’s unique ID project.

THE BANGLADESH TODAY

Front page

High Court for preserving Liberation War linked sites
The High Court on Wednesday asked the government to take steps to preserve all the historical places, including the sites from where Bangabandhu Sheikh Mujibur Rahman addressed the nation on 7 March, 1971 and the occupied Pakistani forces surrendered to the joint forces on 16 December, 1971.

Industrial police to be raised to protect industries: PM
Prime Minister Sheikh Hasina on Wednesday announced that the government has planned to raise a police force exclusively for the industrial sector and form a committee for coordination among the intelligence agencies to protect the export-oriented garment and other industries.

Business

India’s PM seeks major reforms of international financial institutions
Ahead of the G-8 meeting on Wednesday, India’s Prime Minister Manmohan Singh has called for significant reforms of the international financial institutions to address global problems and asserted that India would seek its due place in such institutions.

IMF hikes 2010 growth forecast to 2.5%
The International Monetary Fund on Wednesday raised its 2010 global economic growth forecast by 0.6 point, to 2.5%, but said recovery from recession would be sluggish.

DAILY MIRROR

Front page

Pakistan arrests "artificial potato" exporter
Pakistani Customs authorities have arrested an exporter whose export company was allegedly involved in smuggling heroin internationally through a consignment of "artificial potatoes" mixed with potatoes from Pakistan to Sri Lanka.

India awaits confirmation of Prabha’s death
India has said it is still waiting for a formal response from Sri Lanka confirming the death of Tamil Tigers chief Velupillai Prabhakaran and promised continued assistance to Colombo to rehabilitate Tamils displaced by the conflict.

Business

70% of the population do not use banks in SL
At a time when Sri Lanka is gearing to be a developed country under new found peace and tranquility, one of the country’s senior bankers specialising in micro finance said that of the total population of Sri Lanka, over 70% do not make use of banks and their facilities.

Energy Minister appoints committee to probe LECO
Power and Energy Minister,John Seneviratne yesterday appointed a committee headed by a ministry permanent secretary to probe on reported irregularities in the Lanka Electricy Company (LECO), a subsidiary of Ceylon Electricity Board (CEB).

DAWN

Front page

Local bodies polls postponed
Prime Minister Yousuf Raza Gilani announced on Wednesday that elections for local bodies had been postponed till the improvement of law and order.

Fazlullah injured, says ISPR
The military spokesman confirmed that Swat Taliban chief Maulana Fazlullah was seriously injured and another militant leader, Abu Jandal, had been killed.

Business

Many petrol outlets stop sale at reduced rates
Many petrol pump owners on Wednesday suspended the sales at new rates despite Ogra’s notification of price reduction following Supreme Court’s order of suspending imposition of carbon surcharge on Tuesday.

$10bn investment target in sight
Federal Minister for Investment Senator Waqar Ahmed said here on Wednesday that the ministry would achieve $10bn investment target by the year-end.

BUSINESS RECORDER

Front page

Former councillor, two sons among four dead in shootout
A former councillor of Landhi No 4 and his two sons and a pedestrian were killed when unidentified armed men opened indiscriminate fire on them at Zaman Town within the limits of Landhi police station.

Rs29.371bn profit earned by OMCs in seven years: Judicial Commission report
The Judicial Commission, headed by former justice Rana Bhagwandas probing the petroleum pricing mechanism, has revealed that oil marketing companies (OMCs) have earned a windfall profit of Rs29.371bn during the last seven years.

Business

Investment ministry to meet $10bn target: Minister
Federal Minister for Investment, Senator Waqar Ahmed Khan said that the Ministry of Investment would meet its target of $10bn by the end of this year.

Importance of trade with Kazakhstan highlighted
Pakistan has huge potential of trade with fast-pacing economical Kazakhstan and can pave its way to Central Asian Republics through this relation.

By: Staff Reporter
+44 20 8652 3214

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