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U.S. government not stakeholder in private banks: Bush

Bush U.S. government stakes in banks limited (Embargoed for release 10:06 a.m. EDT/1406 GMT Saturday) By Tabassum Zakaria WASHINGTON, Oct 18 (Reuters) – President George W. Bush sought to reassure Americans on Saturday the U.S. government had no intention of becoming a permanent shareholder in private banks, and will later consult with European leaders about…

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October 18, 2008

 

Federer sets up Murray rematch in Madrid Masters semis

MADRID: Roger Federer set up a rerun of his U.S. Open final against Andy Murray by dispatching rising Argentine Juan Martin del Potro 6-3 6-3 in the Madrid Masters quarter-finals on Friday. Top seed Rafael Nadal also progressed with a combative 6-4 6-4 win over fellow Spaniard Feliciano Lopez. He will face Frenchman Gilles Simon…

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October 18, 2008

 

W.I. to stage World Twenty20 in 2010

MOHALI, India, Oct 18 (Reuters) – West Indies will stage a world Twenty20 championship in April-May 2010 instead of the one-day Champions Trophy, the International Cricket Council (ICC) said on Saturday. Switching to the shorter format tournament would help avoid repeating a major one-day event in successive years because the World Cup is scheduled to…

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October 18, 2008

 

ICC hoping SL will tour England

MOHALI: The International Cricket Council (ICC) is hoping a solution will be soon found to end doubts over Sri Lanka's Test tour of England next year over a date clash with India's official Twenty20 league. “There is ongoing discussions between Sri Lanka and England Cricket Board (ECB) because it is a bilateral tour,” ICC chief…

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October 18, 2008

 

No danger of Pakistan defaulting on debt obilgations: Tareen

ISLAMABAD: There was no risk of Pakistan defaulting on international debts as funds were being lined up to cover a balance of payments deficit and rebuild currency reserves, the country's newly appointed economic troubleshooter said on Saturday. “I am very confident that I have plans to make sure, whatever it takes that we should build…

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October 18, 2008

 

Haqqani stresses need to fight extremism with intelligent actions

WASHINGTON: Fighting terrorism requires intelligent actions, not just actions and in the case of Pakistan-Afghan border region the intelligent thing is that only Pakistani forces take anti-terror actions on its side, Islamabad's envoy to the United States advocated in an interview. Ambassador Husain Haqqani also empahsized it is time Washington paid attention to Pakistan in…

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October 17, 2008

 

President Zardari pays tributes to Karsaz martyrs

KARACHI: President Asif Ali Zardari has paid rich tributes to the Karsaz, Karachi martyrs of October 18, 2007. A statement released here on Friday by the Media Cell, Bilawal House Karachi, said in his message on the first martyrdom day anniversary, the President said it is the sacrifice of the martyrs that democracy has been…

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October 17, 2008

 

Obama, McCain intensify campaign, target key states

Democrat Barack Obama pushed deep into Republican turf on Friday (October 17) and forced rival John McCain to play defense on traditionally friendly ground as the U.S. presidential race headed into a frenzied final two weeks. Obama launched a four-day tour of Virginia, Missouri, North Carolina and Florida, all states won in 2004 by President…

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October 17, 2008

 

Lingering economic difficulties could affect Pakistans war on terror efforts: Sherpao

WASHINGTON: The United States and Pakistan should draw a plan to measure up to Pakistan's immediate economic and development requirements as lingering economic difficulties could affect the country's war on terror efforts, former Interior Minister Aftab Sherpao said at a Washington think tank. The chairman of PPP-Sherpao party said Pakistan remains firmly committed to the…

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October 17, 2008

 

Rupee rises against dollar in interbank dealing

KARACHI: The economy heaved a sigh of relief after the State Bank of Pakistan (SBP) intervened on Friday to pump Rs270 billion into the banking system. The Rupee rose to the dollar at Rs82.50 in the interbank market after several days of downsliding on Saturday (October 18). The U.S. dollar has dropped Rs1.40 against the…

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October 17, 2008

 

Food inflation throws 17m more Pakistanis into poverty

SLAMABAD: The poorest one-fifth of the country’s population spends 50 to 58 per cent of its income on buying cereal. The skyrocketing wheat prices, therefore, may become a matter of life and death for the extremely poor, according to a report of the Oxfam GB, a UK-based non-governmental organisation. The report was launched on Thursday…

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October 17, 2008

 

SBP to pump Rs.270 bln into banks

KARACHI: The Governor State Bank of Pakistan (SBP) Dr. Shamshad Akhtar Friday called for an emergency press conference to announce measures that would pump Rs260 to 270 billion into the banking system. She said the Cash Reserve Requirement (CRR) is being reduced by 200 basis points from Saturday (October 18) which will inject Rs.60 billion…

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October 17, 2008

 

China to help Pakistan out of economic crisis

ISLAMABAD: China has assured Pakistan of help to get out of its economic crisis, the Pakistani ambassador to Beijing said on Friday, but he gave no details and did not say if China had agreed to urgently needed new loans. Pakistan, a nuclear-armed U.S. ally, is struggling to come to grips with a financial crisis….

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October 17, 2008

 

Oil prices rise on fears of OPEC output cut

LONDON: Oil prices rose Friday after heavy losses a day earlier on speculation that the OPEC crude producers' cartel could cut production at an emergency meeting next week, traders said. New York's main futures contract, light sweet crude for delivery in November, was up 1.14 dollars at 70.99 dollars a barrel in electronic trade. The…

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October 17, 2008

 

Pakistan team manager Talat Ali resigns

KARACHI: Pakistan team manager Talat Ali resigned on Friday along with fellow selection committee member Shafqat Rana. Talat said he had stood down because he wanted to make it easier for new Pakistan Cricket Board (PCB) chairman Ejaz Butt to bring in his own management team. “I had a long contract and I did my…

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October 17, 2008

 

Tendulkar breaks Laras highest Test run record

MOHALI: India batsman Sachin Tendulkar became the highest test-run scorer on Friday when he passed his target of 15 runs in the first innings of his side's second test match against Australia. Tendulkar scored three runs after tea to move on to 16, giving him a career record of 11,955 runs to surpass the previous…

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October 17, 2008

 

Seventeen women, children killed in Southern Aghanistan

LASHKAR GAH: Women and children were among 17 civilians killed in southern Afghanistan, an official said, but it was not clear if they were victims of a foreign air strike or Taliban rockets. The issue of civilian casualties is an emotive one in Afghanistan and feeds the perception of many Afghans that foreign troops do…

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October 17, 2008

 

ASEAN leaders to hold global financial crisis meeting next week

KUALA LUMPUR: Southeast Asian leaders will meet in Beijing next week to discuss measures to deal with the global financial crisis, the regional bloc's top official said on Friday. The secretary-general of the Association of Southeast Asian Nations (ASEAN), Surin Pitsuwan, said the summit of the 10-nation grouping will be held on Oct. 23 or…

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October 17, 2008

 

Clash between India police-Kashmir protesters injures 20

SRINAGAR: At least 20 people, including six policemen, were wounded in Kashmir's main city on Friday when Indian police clashed with hundreds of demonstrators in fresh protests against Indian rule, police and witnesses said. Police used teargas and batons to disperse hundreds of stone-throwing demonstrators shouting “We want freedom,” and “La ilaha illalah” (There is…

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October 17, 2008

 

Pakistani judge extends detention of U.S. national

PESHAWAR: A Pakistani judge ruled on Friday that a young American man of Pakistani descent could be detained for another two days after he was arrested trying to enter a militant-plagued region on the Afghan border. The man, identified by police as Judi Kenan, was detained on Monday while trying to enter the Mohmand ethnic…

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October 17, 2008

 

Western leaders reassess reality on Afghanistan

KABUL: Western leaders are reawakening to the reality of Afghanistan — that it is famously unforgiving to foreign forces on its soil and claiming victory there depends on how you measure success. There is now a gloomy chorus of acknowledgements that Taliban militants are spreading their influence, the government of President Hamid Karzai is ineffectual…

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October 16, 2008

 
 
 
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