In Friday's South Asia papers

29 August 2008 05:30  [Source: ICIS news]

THE TIMES OF INDIA

Front page

Pak procuring paper from London to make fake Indian notes
With Sri Lanka, Nepal and Bangladesh proving to be active partners in probing fake Indian currency notes (FICN) related cases, India has recently traced Pakistan's London connection in printing and circulation of counterfeit notes.

Bihar floods: Criminals want aid to reach them first
The massive rescue and relief work in the east Bihar plains that the Kosi has been swallowing since August 18 faces an unpleasant challenge posed by anti-social elements, who swing into action during calamities of this scale.

Business

First Nanos from Uttarakhand?
Tata Motors appears to have started working on a Plan B for the Nano. It is gearing up to roll out a couple of thousand units a month from its Pantnagar plant in Uttarakhand, according to vendor sources.

Sun wins court battle against Taro
An Israeli court has ruled in favour of Sun Pharma, rejecting the Israel-based company Taro's contention of conducting a "special tender offer" for its shareholders and, thus holding the domestic company's open offer valid.

THE ECONOMIC TIMES

Front page

Rising compliance cost hits broking firms’ margins
At a time of a slowdown, brokerages are facing intense pressure on their incomes.

Gitanjali pulls out of bid to buy US jewellery co
Gitanjali Gems, India’s leading jewellery maker, has pulled out of the race to buy US-based jewellery retail chain Whitehall due to differences on prices.

THE BANGLADESH TODAY

Front page

Farook, Rashid, Huda and AKM Mohiuddin acquitted
The High Court has confirmed death sentence of only one accused out of three death convicts in Jail Killing Case, while speculation is rife that the accused whose death sentence has been upheld already died several years ago.

Tarique granted bail in all cases
The release of BNP Senior Joint Secretary General Tarique Rahman is now a matter of time as he has been granted bail in the last case for eight weeks from the Supreme Court on Thursday.

Business

President urges Qatari investors to invest in Bangladesh
President Dr Iajuddin Ahmed on Thursday called upon the Qatari investors to invest in Bangladesh, saying that a very congenial atmosphere is prevailing in the country.

BD has long way to go to prevent money laundering: BB Governor
Bangladesh will have to go a long way in its efforts to prevent money laundering, a visiting evaluation team observed after their two-week tour of Bangladesh.

DAILY MIRROR

Front page

Escape route for Wanni civilians
The government yesterday said it would be establishing an escape route for civilians trapped by the conflict in the Wanni while leaflets containing information about the possible escape routes would also be air-dropped.

Mangala wants strong alliance to defeat Govt
Warning that the recent provincial council election victory might lead the government towards fearful dictatorship, SLFP (M) Convener Mangala Samaraweera yesterday called upon all opposition parties to form an alliance to defeat this government.

Business

ADB’s new poverty scale for Asia
In a report released recently, the Asian Development Bank (ADB) offers a new way to measure poverty in the Asia and Pacific region.

SriLankan Airlines appoints its first Lady Captain
SriLankan Airlines recently marked a significant milestone in the country’s aviation history when Captain Anusha Siriratne was appointed as the National Carrier’s first Lady Captain.

DAWN

Front page

Coalition giving time to president
The ruling coalition appears to be dallying with the impeachment process to provide time to President Pervez Musharraf to make up his mind about resigning, instead of facing a humiliating exit.

Asylum for Musharraf not on the table: Rice
The United States made it known on Sunday that it was not considering any proposal to grant political asylum to President Pervez Musharraf.

Business

Stock market woes, uncertainties
Why has the value of the Pakistani stock market dropped precipitously over the last several months? Why has so much capital flown out of the market and why has some of it gone out of the country? There is flight of capital emanating not only from foreign investors.

Managing the forex reserves
The rupee remains under pressure although the State Bank now provides foreign exchange for Pakistan’s oil imports. Bankers give many explanations for the rupee’s weakening, the oddest being the drying up of foreign investment inflows.

BUSINESS RECORDER

Front page

Wana-Jandola road opened for traffic as curfew lifted
Curfew has been lifted in the agency headquarters Wana while Wana-Jandola road was opened for traffic on late Thursday.

US, Pakistani military officials hold high-level talks
Top US and Pakistani military officials have met to discuss strategies to contain the growing militant threat along the Pak-Afghan border, the chairman of the US joint chiefs of staff Admiral Michael Mullen said Thursday.

Business

Infrastructure and energy sectors: consensus reached with US Chamber over boosting investment
US Chamber of Commerce and the Ministry of Finance have developed consensus on increased Pak-US commercial interaction for public and private sector development to progressively increase investment in infrastructure and energy sectors in Pakistan.

Foreign debt payments: Pakistan urged to seek IMF help to avoid default
US-based Citibank has advised Pakistan to secure help from the International Monetary Fund (IMF) to avoid default on its foreign debt repayments in the face of an ongoing political crisis.

ICIS Copyright © Reed Business Information 2009

Author: Staff Reporter
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