Jan. 21 (Bloomberg) — Pakistan and India need to revive their peace talks in order to reduce tensions and combat terrorists threatening both countries, Pakistani Foreign Minister Shah Mahmood Qureshi said.
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ISLAMABAD, Pakistan, Jan. 20 (UPI) — Sixty militants in Pakistan, including several local commanders, have been killed in the past day, the Frontier Corps said Tuesday.
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ISLAMABAD, Pakistan, Jan. 20 (UPI) — The Pakistani military Tuesday called on outside powers to stop demanding Islamabad do more to prove its sincerity in fighting militants.
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WASHINGTON: Hussain Haqqani, Pakistan ambassador to United States, has been placed among the list of the most important personalities of America, a U.S. daily reported on Tuesday.According to report, the daily expected Haqqani to be among those who will much likely be playing a crucial role in the tenure of fresh U.S. President Barak Hussain Obama.President Obama tops the list followed by VP Joe Biden while the list later included the member US cabinet, member senate, speakers, leaders Democratic Party, US Army Officials.Besides Hussain Haqqani, Russian ambassador Sergey Kislyak was also placed in the list.
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NEW YORK: US stocks plunged Tuesday as renewed fears about the global banking sector offset optimism surrounding the inauguration of Barack Obama as the 44th president of the United States. The Dow Jones Industrial Average slid 332.13 points (4.01 percent) to 7,949.09 at the closing bell, slipping below the key level of 8,000. The Nasdaq composite sank 88.47 points (5.78 percent) to 1,440.86 and the broad Standard Poor’’s 500 index lost 44.90 points (5.28 percent) to a preliminary close of 805.22.The carnage was concentrated in the financial sector, with Citigroup sinking 19 percent on worries it may require a new bailout or nationalization. Bank of America lost 28 percent and JPMorgan Chase 20 percent. “The current leaning indicates that Mr Obama’’s honeymoon period will be a short one — it may already be over,” said Patrick O”Hare on media. “It also indicates the concern that exists about a nationalization of the banking system.Those concerns hit a new level yesterday as word from the Royal Bank of Scotland that it could post a loss of as much as 41.3 billion dollars for fiscal 2008 helped trigger a new round of intervention by the UK that some believe will ultimately lead to a full-scale nationalization of RBS and perhaps the banking system in the UK,” he added.”After the week Bank of America, Citigroup and others had last week, similar concerns, unthinkable just 18 months ago, continue to fester here at home.”
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Pakistan News
The Obama Administration has cautioned Pakistan that it would be held accountable for the security in the border regions of Afghanistan and that its performance in the fight against terrorism would be linked to the financial aid to it.
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KARACHI: Pakistan and Sri Lanka cricket teams on Wednesday will be encountering for the second meet in their three-match ODI series here at National Stadium in metropolis with hosts already leading the series by 1-0.Pakistan easily defeated a strong Sri Lanka side by eight wickets with 25 balls to spare in the first One-day International on Tuesday.After restricting Sri Lanka to 219, Pakistan made a solid start of 168 runs through magnificent batting display by openers Salman Butt and Khurram Manzoor. Experienced Butt hit a brilliant century, his eighth ODI hundred, while his junior partner Khurram hit an aggressive 83.Pakistan Cricket Board (PCB) has arranged the tour after India pulled-off of their schedule tour to Pakistan after Mumbai attacks.
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NEW YORK: Oil prices rebounded in New York Tuesday after tumbling close to a four-year low in a very volatile market plagued by fears about weak global demand, traders said.New York’’s main contract, light sweet crude for delivery in February, jumped 2.23 dollars to 38.74 dollars a barrel from Friday’’s closing on the New York Mercantile Exchange (Nymex).Prices fell as low as 32.70 dollars after the market opened for trading Tuesday on the last day of the February contract. The market was closed on Monday for a public holiday to mark the birthday of civil rights hero Martin Luther King. The contract for delivery in March closed at 40.84 dollars, down 1.57 dollars. In London, Brent North Sea crude for March delivery fell 1.18 dollars to 43.62 dollars. Traders said the February contract spiked higher in volatile light trade before its expiry Tuesday, replaced by the March contract. Despite Tuesday’’s gains, prices have slumped dramatically since hitting record peaks above 147 dollars last July as a global economic slowdown has slashed world energy demand.”Prices have risen from overnight lows though showing that stiffness of support at the recent lows, and perhaps the beginning indication of some inherent strength,” said MF Global’’s Mike Fitzpatrick. He said that sagging equity markets and a rallying dollar had created an “environment not particularly friendly to oil prices, as we have seen, but it will take more than that to push to new lows.” The February contract expiry may have contributed to selling pressure as well, Fitzpatrick said.
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ISLAMABAD: Top commercial banks are reluctant to provide Rs75 billion to Pakistan Electric Power Company (PEPCO) to erase the circular debt of Rs400 b
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LAHORE: Security measures have been beefed up for Pakistan-Sri Lanka ODI matches at the National Stadium Karachi, Geo News reported on Tuesday.The matches are scheduled for January 20 and 21. A top security official said strict security would be provided to both teams, according to the channel. According to the security plan, the hotels where the two teams will be staying would be under round-the-clock surveillance and the Sri Lankan team would not be allowed to move without permission. The visiting team would be provided proper security covers if they wished to go somewhere, the channel added. It said over 3,000 members of law enforcement agencies, including commandos as well as plainclothesmen, had been deployed in and around the stadium.
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