Pak requests int’l community to write off loans

Staff Report

ISLAMABAD: Pakistan on Sunday requested the international community to write off $ 50 billion loans, adding that no one should demand ‘do more’, if those countries can’t help Pakistan against the menace of terrorism.

This was said by the Federal Interior Minister Rehman Malik on Sunday while addressing the Pakistan Development Forum meeting.

He was of the view that Pakistan was fighting war against terrorism for the survival of the whole world. Malik disclosed that 40,000 to 50,000 Afghans come Pakistan daily and, he added, most of them are terrorists.

“These terrorists have modern weapons. The international community could tell us from where these terrorists get such weapons,” he asked.

While talking to media persons, after the meeting, he said that the international community would write off Pakistan’s loans. Trend Pk

Pak requests int’l community to write off loans

Staff Report

ISLAMABAD: Pakistan on Sunday requested the international community to write off $ 50 billion loans, adding that no one should demand ‘do more’, if those countries can’t help Pakistan against the menace of terrorism.

This was said by the Federal Interior Minister Rehman Malik on Sunday while addressing the Pakistan Development Forum meeting.

He was of the view that Pakistan was fighting war against terrorism for the survival of the whole world. Malik disclosed that 40,000 to 50,000 Afghans come Pakistan daily and, he added, most of them are terrorists.

“These terrorists have modern weapons. The international community could tell us from where these terrorists get such weapons,” he asked.

While talking to media persons, after the meeting, he said that the international community would write off Pakistan’s loans. Trend Pk

Bank for the poor hopes to teach Wall St a lesson

NEW YORK: Nobel Peace Prize-winner Muhammad Yunus opened a branch of his Grameen Bank in Manhattan on Monday, saying he hopes the big Wall Street banks just a subway ride away can learn from his success in granting small loans to the poor.

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Bank for the poor hopes to teach Wall St a lesson

Chinas one-time richest man jailed for 14 years

BEIJING: China’s one-time richest man and the founder of a major retail chain was jailed for 14 years on Tuesday for bribery, insider trading and illegal business dealings, state media reported.

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Chinas one-time richest man jailed for 14 years

Russell do not want kids to be actors

LOS ANGELES: Hollywood actor Russell Crowe does not want his kids to follow his footsteps to show business.

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Russell do not want kids to be actors

Hopes fade for 30 trapped Turkish miners

ANKARA: Hope for the survival of 30 trapped Turkish miners were fading Tuesday as rescue workers struggled to reach them a day after a methane gas explosion collapsed parts of a major coal mine in northern Turkey, an engineer said.

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Hopes fade for 30 trapped Turkish miners

China posts first monthly trade deficit in six years

BEIJING: China said Saturday it posted its first monthly trade deficit in six years in March, at 7.2 billion dollars, in news that was likely to bolster Beijing”s argument for a low yuan.

Customs authorities also said China”s exports rose 24.3 percent in March to 112.1 billion dollars from the same month a year earlier, and imports soared 66 percent year-on-year to 119.3 billion dollars.

Commerce minister Chen Deming had already laid the ground for the news, warning last month that the nation”s export-dependent economy was likely to experience a trade deficit in March.

However he said it would only be a short-lived phenomenon, according to remarks published by a local news agency on Friday.

The news of the deficit comes amid growing international pressure for the yuan — China”s currency — to appreciate.

Critics say the Chinese government has kept the currency low to boost exports, resulting in massive trade surpluses with the United States and Europe.

But China has defended its exchange rate policy as necessary for the survival of Chinese manufacturers and supporting jobs growth, and last month”s deficit was likely to bolster that argument.

Beijing has tried to play down expectations for a strong pick-up in exports this year, with Chen saying last month that it could take up to three years to return to pre-financial crisis levels.

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Asif Zardari’s ouster would have hampered fight against jihadists

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India, Bangladesh to cement ties during Hasina visit

TrendPK.com India, Bangladesh to cement ties during Hasina visit :NEW DELHI: Talks between the leaders of India and Bangladesh in New Delhi later Monday were due to focus on strengthening the previously difficult bilateral ties between the two south Asian neighbors.
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