In Friday's South Asia papers

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

THE TIMES OF INDIA

Front page

Taliban owns up Kabul blast, shifts focus from ISI
In promptly claiming responsibility for the suicide attack outside the Indian embassy in Kabul on Thursday, Taliban may have given the game away.

UPA netas board economy, fly luxury
Pilots of the erstwhile Indian Airlines have blown the lid off the UPA’s ongoing austerity drive which has seen ministers and MPs making a proud show of flying economy.

Business

‘Per-second tariff a must option’
Trai chairman JS Sarma confirmed he was examining the feasibility of bringing in a direction, making it mandatory for service providers to include a ‘pay-per-second’ tariff plan in their bouquet of plans.

Jet CEO Wolfgang quits, Kardassis takes charge
In a major change of guard in Jet Airways, its chief executive officer of six years, Wolfgang Prock-Schauer, has put in his papers and Nikos Kardassis, who heads the airline’s US operations, is slated to take over as acting CEO from 15 October.

THE ECONOMIC TIMES

Front page

Emerging markets will surpass previous highs: Mark Mobius
Investor Mark Mobius said he expects emerging markets to surpass previous records, predicting a continued rally with "corrections along the way."

Post-bonus, Mukesh Ambani puts stock in society
After doling out a 1:1 bonus issue for shareholders just ahead of Diwali festivities, Reliance chairman Mukesh Ambani is now looking to conquer new frontiers.

THE BANGLADESH TODAY

Front page

Bangladesh to seek resolution thru UN arbitration: Dipu Moni
Bangladesh has decided to seek resolution of its maritime disputes with India and Myanmar in an international tribunal through arbitration saying the current negotiations with the neighbours were unlikely to settle the issue in near future.

PM calls for preserving water bodies in city
Prime Minister Sheikh Hasina reminded realtors of legal compulsions for arranging natural environs in all hosing projects as she inaugurated a canal-and-lake-digging project of Bangladesh Air Force on the BAF premises on Thursday.

Business

GP IPO closes, likely to be oversubscribed
Subscription of Grameenphone’s initial public offering (IPO) closed on Thursday, apparently hugely oversubscribed as long queues of aspirants were seen at the banks, even on the last day.

Titas Gas, Jamuna Oil, Beximco Group shares push up DSE indices
Titas Gas and Jamuna Oil shares followed by Beximco Group shares contributed to push up the DSE indices sharply on Thursday, after a steady growth on the previous day.

DAILY MIRROR

Front page

CEB rules out sabotage, power restored in most areas
The Ceylon Electricity Board (CEB) has ruled out sabotage in the fault at the Kelanitissa and Kotmale power plants which resulted in an island-wide power failure since early this morning.

Arrest of Lankans shows process compromised – Aussie opposition
The arrest of two brothers on people-smuggling charges after they were forcibly returned to Sri Lanka shows asylum-seeker processing has been compromised, the Australian federal opposition said.

Business

IMF – stand-by arrangement: September targets achieved
The key targets and structural benchmarks as agreed with the IMF as at end-September 2009 were comfortably achieved by the Sri Lankan authorities.

Agriculture needs billions of dollars by 2050: FAO
Developing countries need investments of 83bn dollars a year if there is to be enough food to feed the world’s expected 9.1bn people by 2050, the UN food agency said on Thursday.

DAWN

Front page

Clauses in US bill not binding, says Foreign Office
The Foreign Office on Thursday said the Kerry-Lugar Bill was not an ideal document and its controversial clauses were not binding on Pakistan.

$1bn appeal for Malakand to be launched today
Prime Minister Syed Yousuf Raza Gilani will on Friday give a go-ahead for an international appeal to raise $1.078bn for rehabilitation and reconstruction in the battered Malakand division, a senior government official told Dawn.

Business

State units establish seven trusts
Seven state-owned enterprises (SOEs) have established and registered BESOS trusts to extend the benefits of 12% free-of-cost government shares to eligible employees under the Benazir Employees Stock Option Scheme.

Textile units in EPZs get drawback facility
The ministry of textile industry has allowed drawback on local taxes and levies to textile units located in export processing zones (EPZs).

BUSINESS RECORDER

Front page

Govt to accept parliament’s decision on Kerry-Lugar bill: Babar
Presidential Spokesman Farhatullah Babar on Thursday said the decision of the parliament on Kerry-Lugar bill will be acceptable to the coalition government as the choice and decision rests with the people of Pakistan.

Hashmi’s ‘advice’ to army on Kerry-Lugar bill
Pakistan Muslim League-N leader Javed Hashmi has said the parliament’s supremacy will have to be ensured for country’s bright future.

Business

Pakistan’s foreign exchange reserves rise to $14.75bn
The country’s foreign exchange reserves rose to $14.75bn in the week that ended on 3 October compared with $14.49bn the previous week, the State Bank of Pakistan said on Thursday.

Turkish Prime Minister to visit Pakistan to finalise MoUs
The Turkish Prime Minister, Recep Tayyip Erdogan, along with a high-powered delegation of chief executive officers of the Turkish companies, is planning to visit Pakistan in near future to finalise a number of memorandums of understanding to expedite trade and economic relations between the two countries.

 

By: Staff Reporter
+44 20 8652 3214

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