Nov. 11 (Bloomberg) — Pakistani President Asif Ali Zardari said he expects Barack Obama to re-evaluate U.S. missile strikes on militant targets inside Pakistan, the Associated Press reported.
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Nov. 11 (Bloomberg) — Pakistan has formally asked the International Monetary Fund for a $9 billion loan, Dawn News channel reported, citing unidentified finance ministry officials.
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RAWALPINDI: The Benazir Bhutto Squash Complex, consists of five courts in the sports complex Rawalpindi, was inaugurated on Monday.Federal Minister for Water and Electricity Raja Pervez Ashraf inaugurated the Squash Complex after which the last match of the qualifying round in the Pakistan Open Squash Championship. The match was played between Danish Atlas of Pakistan and Azan Ashraf of Malaysia and Danish Atlas won the match and has been placed in the main round. On this occasion, president Pakistan Squash Federation (PSF) Air Marshall Tanvir Mehmood presented a souvenir to the chief guest.Federal minister Raja Pervez Musharraf announced a grant of Rs 100,000 for the complex and also announced that the government would bear all electricity expenses.
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WASHINGTON, Nov 10 (Online): Hussain Haqqani, Pakistan‘s ambassador to the United States said a quick infusion of US cash would ensure that Pakistan will be able to afford to keep up its expensive military operations near the Afghan border.
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KABUL: US deputy foreign minister for South Asia Richard Boucher said that Pakistan in Bajaur is facing the militants coming from outside the border.According to the briefing text given in Kabul, Boucher said that Pakistan is fighting severely against the militants in Bajaur who come from Afghanistan and sometimes shift also from Pakistan to Afghanistan.He said that the United States wants to work together with Pakistan and Afghanistan in the border areas.According to the briefing text, the deputy prime minister for South Asia said that the new Pakistan government is playing a better role in the war against terror and the Pakistan government is very keen to eliminate terrorism from the country.Boucher said that he felt in the meeting with the higher leadership, politicians, military and the government leaders that Pakistan is playing the best role in the war against terrorism and it is also in its best interest.He said that the US wants to work together with Pakistan and Afghanistan in a friendly atmosphere to dealt with their common enemy at the Pak-Afghan border.
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TOKYO: Asian stock markets were lackluster Tuesday after weakness on Wall Street, as concerns about the global economy sapped enthusiasm over China’’s nearly $600 billion package to boost growth. Tokyo’’s Nikkei 225 index was down 45.23 points, or 0.5 percent, to 9036.20 after initially slipping 3.3 percent. In Hong Kong, the Hang Seng benchmark was 0.6 percent lower at 14,660.74 points. Australia’’s benchmark fell 2.7 percent while markets in Singapore and South Korea eked out slim gains. The Shanghai Composite index, down early in the session, ticked up about 0.4 percent after figures showed the country’’s inflation rate eased further last month.Regional equities were up sharply Monday on hopes that China’’s 4trillion yuan ($586 billion) stimulus package, announced Sunday, would keep its economic growth from falling too fast and help fuel demand for exports from other Asian countries.
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ISLAMABAD, Pakistan, Nov. 11 (UPI) — October inflation in Pakistan soared to nearly 25 percent from 9.31 percent in October of last year, further aggravating the country’s current economic crisis.
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SHANGAI: France’’s Gilles Simon shocked top seed Roger Federer 4-6, 6-4, 6-3 on Monday at the Tennis Masters Cup, leaving the former world number one’’s bid for a third straight title in disarray.Federer, who withdrew from last week’’s Paris Masters with a back injury, was sublime in the opening set but lost his way in the next two as Simon took control.It was Federer’’s 14th defeat — and second to Simon — in a season in which he also lost his number one ranking after four-and-a-half years at the top.Federer also lost his first match here last year, to Fernando Gonzalez, but came back to clinch his second consecutive title and fourth overall.
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Pakistan News
KARACHI: Director of Khanani and Kalia Group Munaf Kalia, accused of being involved in the scandal of illegally transferring billions of dollars abroad was handed over on physical remand to FIA by local court today (Tuesday).Munaf Kalia was presented in the court of Special Civil Judge Fasial Jameel. Local court handed over Munaf Kalia to FIA on physical remand till November 17. Strict security measures were taken on this occasion and media was not allowed within court premises. Meanwhile, overnight raids were carried out to capture people involved in the scandal of illegal money transfer, however, no arrest was confirmed.
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ISLAMABAD, Pakistan — Pakistan’s leader said he expects U.S. President-elect Barack Obama to re-evaluate the need for U.S. military strikes on al-Qaida and Taliban targets on Pakistan’s side of the Afghan border.
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