In Friday's South Asia papers

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

THE TIMES OF INDIA

Front page

US alerts its citizens travelling to India
Days after the FBI busted Pakistan-based Lashkar-e-Taiba's plot to carry out terrorist attack in India using an American national, the United States asked its citizens to stay alert during their travel to India.

12 killed in Jaipur IOC depot fire, Army called
A devastating fire swept through an Indian Oil fuel storage and distribution terminal on the outskirts of Jaipur on Thursday, killing at least a dozen people and injuring more than 100.

Business

SC query sparks Ambani spat
A query from the Supreme Court - whether gas sale price of $2.34 per unit was in national interest - sparked a furious spat on Thursday between the Ambani brothers with each accusing the other of trying to ruin him.

Aircel brings pay per-second tariff to Delhi
Intensifying the tariff war among telcos, the new telecom player, Aircel, on Thursday launched a pay per-second scheme for its subscribers in Delhi.

THE ECONOMIC TIMES

Front page

Mid-caps are the flavour of the season
The post-Lehman meltdown was a once-in-a-century event, but the way the equity markets across the world reinvented themselves in a span of a few months is the stuff of legends.

US recovery: Results of Infosys, Wipro, HCL say it all
With the US economy, the biggest market for India’s over $50bn outsourcing industry, showing signs of an economic recovery, top honchos at Infosys, Wipro and HCL said their optimism has proven right.

THE BANGLADESH TODAY

Front page

China for resolving Bangladesh-Myanmar dispute through talks
As tension continues to mount on the Bangladesh-Myanmar border, Asian giant China, a common friend of the two neighbours has come forward with the suggestion for resolving the dispute between the two countries through negotiations saying ‘war or attack is no solution of any problem’.

Inflation likely to be double digits by summer: IMF
The prices of essentials would continue to rise throughout the current fiscal year with a possibility to push up the inflation to double digits by the summer.

Business

EPB gets good response for Dhaka trade fair
There has been a better response from the entrepreneurs, especially from abroad, for participation in the forthcoming 15th Dhaka International Trade Fair compared to last year's experience, the organizers claimed.

GP collects Tk1.65bn revenue in third quarter
GrameenPhone, country's largest cell-phone company, collected Tk1.65bn revenue in the third quarter of the year, 10% higher than the same period of last year.

DAILY MIRROR

Front page

Several IDPs will remain in camps during monsoon- Minister
The 1.86 lakh displaced Tamils currently in the camps would have to stay there during the monsoon period.

President Rajapaksa meets the Maoist leader in Nepal
In an unusual turn of events, Sri Lankan President Mahinda Rajapaksa, whose government this year crushed a nearly three-decade-old Tamil insurgency, arrived in Nepal on Thursday and held a 30-minute-long discussion with Maoist leader Pushpa Kamal Dahal Prachanda, whose guerrilla army led a successful 10-year-old civil war in the Himalayan nation.

Business

Sans GSP: Not end of the world - Cabraal
As more and more stories make the headlines on the future of Sri Lanka’s impending loss of GSP plus concessions from the European Union (EU) and possible adverse repercussions that the country may face as a result, the Central Bank called on all local exporters yesterday to stand straight and face reality while re-iterating that losing the GSP plus concessions was not the end of the world.

JKH to increase focus on tourism rebound
John Keells Holdings is keenly eyeing the tourism sector while increasing its presence in the North East in most other sectors.

DAWN

Front page

Pakistan ‘hard to believe’ on Al Qaeda: Clinton
US Secretary of State Hillary Clinton struck an assertive tone in Pakistan on Thursday, hitting out at its government over Al-Qaeda and calling for better management of the economy.

Pakistan-trained Al Qaeda operative sentenced in US
A US judge sentenced Al Qaeda sleeper agent Ali al-Marri to more than eight years in prison on Thursday, rejecting pleas from prosecutors for a much longer jail term.

Business

GDP growth between 2.5-3.5% for 09/10: SBP
The State Bank of Pakistan has predicted an economic growth rate at 2.5 to 3.5% for the current financial year and average inflation at 10-12%, half of last year’s.

Pakistan’s foreign exchange reserves decline
Pakistan’s foreign exchange reserves fell to $14.43bn in the week that ended on 24 October compared with $14.48bn the previous week, the central bank said on Thursday.

BUSINESS RECORDER

Front page

'Pakistan squandered chances to kill or capture al Qaeda leaders'
US Secretary of State Hillary Rodham Clinton is suggesting that Pakistan's government has squandered chances to kill or capture al Qaeda leaders.

Australia condemns Afghanistan, Pakistan attacks
Australia condemned Thursday as "contemptible" and "outrageous" extremist attacks against United Nations and civilian targets in Pakistan and Afghanistan.

Business

Distribution of national resources: provinces may agree on multiple criteria
The federal government and federating units are likely to agree on evolving a multiple-factors criteria in place of population based distribution of national resources.

Compensation for anti-terrorism drive: provinces agree to provide special package to NWFP
Punjab Finance Minister, Ashraf Kaira Thursday said that the stance of NWFP that special package be given to the province under NFC Award for compensating losses it suffered due to war against terrorism has been agreed by other provinces.

By: Staff Reporter
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