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Thursday, December 18, 2008

President holds meeting over FATA

ISLAMABAD: A high-level meeting was held with President Asif Ali Zardari in the chair, reported ARY OneWorld on Thursday.

The meeting is said to have discussed the situation in FATA.

DGISI, Governor NWFP, IG Frontier Corps and other high officials are in the meeting.

Also, the president would be briefed over the recent situation in FATA and dialogue process with the surrendering militants.

The MNAs from FATA areas demanded that negotiations should be sought to resolve the problems instead of using force in the troubled areas.

The MNAs also demanded that secure housings should be provided to those displaced in the security forces operation in the areas.

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Sensex in early trade reaches at 83 pts

Mumbai: After yesterday’s fall, the benchmark Sensex recovered by almost 83 points in the opening trade on Thursday on fresh buying by funds in software exporters and some other heavyweight stocks.

The Bombay Stock Exchange barometer, which had lost 261.69 points in a choppy session yesterday, moved up by 82.87 points to 9,798.16, with Banking, IT, Teck, Auto and PSU sector stocks trading in the positive zone.

The wide-based National Stock Exchange’s Nifty rose by 19.40 points to 2,973.75 points.

Stock brokers said reports that foreign funds, who have been major sellers during the year, made sizeable buying on the bourses this month, influenced the trading sentiments.

They said overnight gains up to 50 percent in Indian companies’ ADRs, led by Satyam Computers, even in a weak US market yesterday also had its positive impact.

Satyam Computers, which witnessed all-round selling yesterday, recovered by Rs 9.25, or 5.85 percent to Rs 167.30 after the company called off acquisition plan of two infrastructure businesses.

Other gainers in the Information Technology sector were Infosys Technologies, up Rs 16.15, or 1.42 per cent to Rs 1,155.95, Tata Consultancy Services by Rs 6.10, or 1.28 per cent to Rs 483.20 and Wipro by Rs 4.25, or 1.75 per cent to Rs 247.25, lifting the IT sector index by 2.20 per cent at 2,303.63 points.

Some other major shares trading firm on the bourses were largest domestic lender State Bank of India up by Rs 18.45, or 1.54 per cent to Rs 1,219.70, ICICI Bank Rs 7.780, or 1.78 per cent to Rs 439.50, HDFC Bank by Rs 18.95, or 1.89 per cent to Rs 1,021 and HDFC Ltd by Rs 11.05, or 0.72 per cent to Rs 1,544. Also in the green zone were Sterlite Industries, Tata Motors, Tata Power and BHEL.


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Zardari to visit Afghanistan tomorrow

ISLAMABAD: President Asif Ali Zardari will pay a one-day visit to Afghanistan on Friday at the invitation of his Afghan counterpart Hamid Karzai, the Foreign Ministry said on Thursday.

"During his stay in Kabul, the President will hold tete-a-tete as well as delegation level talks with his Afghan counterpart," a Foreign Ministry statement said.

It will be Zardari's first visit to Afghanistan since he assumed office in September.

Zardari and Karzai will discuss ways to jointly combat terrorism, which poses a common threat to the peace and security of both states, it said.

Zardari's visit will further consolidate friendly ties between the two countries, said the statement.

The two leaders will also address a joint press conference.

Zardari will be accompanied by Foreign Minister Makhdoom Shah Mahmood Qureshi, Advisor to the Prime Minister on Interior A. Rahman Malik and the Governor of North West Frontier Province Owais Ahmed Ghani, the statement said.

Karzai visited Pakistan in September and attended the swearing-in ceremony of Zardari.

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Dark Knight, Mamma Mia DVDs sell strongly

LOS ANGELES: DVD sales are giving Hollywood something to cheer about this recession-hit holiday season with blockbusters like "The Dark Knight" raking in an estimated $175 million in first-week sales.


Sales of the DVD, starring Christian Bale as Batman and the late Heath Ledger as the villainous Joker, totaled more than 10 million units worldwide since its Dec. 9 release and are expected to remain strong throughout the holiday season, Time Warner Inc's Warner Bros movie studio said.

Ten million units translate into an estimated $175 million in revenues, according to Home Media Magazine Market Research.

Elsewhere, Universal Studios Home Entertainment said on Wednesday that the musical "Mamma Mia! The Movie" sold more than 2.25 million units on its first day of sales. That figure would translate into just under $40 million in gross revenues.



Other profitable fourth-quarter DVDs include: the Walt Disney Co's "Wall-E," Viacom's Paramount Pictures' "Indiana Jones and the Kingdom of the Crystal Skull," and DreamWorks Animation's "Kung Fu Panda."

Hollywood's film and TV studios expect DVD sales to help buffer the industry in the slumping economy. The studios are counting too on high-definition Blu-ray DVDs, which offer more features and sharper picture quality, to spur a fresh round of growth in the maturing category.

Warner Bros said it sold more than 1.7 million "Dark Knight" units in Blu-ray, making it the best selling Blu-ray title.

Thomas Arnold, publisher of Home Media Magazine, said consumers spent about $300 million on Blu-ray discs in 2007.

"My prediction is that we'll come in at about $800 million for Blu-ray," he said of 2008, adding that Hollywood's studios originally hoped such sales could top $1 billion in 2008.

"By the third quarter, they were looking more like $600 million to $700 million," he said.

While some studio executives concede not all individual DVD titles have seen their quarterly sales live up to expectations, many expect overall fourth-quarter revenues to match last year's. Total U.S. sales are seen declining by 2 percent to 3 percent in 2008, a tad better than the 4.8 percent drop in 2007.

Media companies are feeling the pinch from advertising declines. Hollywood has seen layoffs at Paramount and General Electric Inc's NBC Universal.

More job cuts are expected at other studios in 2009, according to studio executives and analysts.

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Retirement Whispers Are Following Big Mathew Hayden

Sydney: Recent failures to score runs by Australian opener Matthew Hayden has put his Test future in doubts with retirement whispers growing that he may not last to fulfill his dream to play a farewell Ashes tour in England next year.

As Australia’s batting strongman failed again in Perth, his former opening partner Justin Langer admitted that he did not know what the future held for his best friend and is unsure if the struggling opener wants to play his farewell Ashes tour.

Hayden was once dubbed “Bradman with a suntan”, but now he’s just got the suntan, Fox Sports reported.

Hayden’s grand plan of a farewell Ashes tour needs an urgent injection of runs or it is in danger of imploding before his eyes.

“My gut feeling at the moment is … maybe he’s not sure. There are whispers about retirement. If he doesn’t know how long he’s going to go on for, that can become a distraction,” Langer told ABC radio.

“If he doesn’t, it’s going to become a bit of a grey area and he’s going to keep going through what, by his standards, is a rough patch. The most important thing is that if Matthew Hayden decides he wants to go to the Ashes then he will have clarity into the future,” he said.

“Great players, if they are clear in their mind then they always perform. As long as he knows what he is doing the runs will follow,” Langer added.

Hayden appears to be caught between two worlds. Part of him wants to blast his way out of his batting slump, like he tried in the second Test against India in Mohali and also against New Zealand in Adelaide.

Part of him wants to be circumspect, remembering that is how he came out of the dark days of his torment during the 2005 Ashes tour.

But whatever he tries, it simply doesn’t appear to be working. (ANI)


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ATF Supports Pakistan as Davis Cup venue

ISLAMABAD: The Asian Tennis Federation (ATF) has announced its support for Pakistan for organising the Davis Cup tie against Oman in March 2009 and has requested the International Tennis Federation (ITF) to stage this event in Lahore at all costs.

“Pakistan is a safe country and has successfully hosted eight international tennis tournaments in 2008 including the ITF International Future and ATF’s events,” Subramanium, the India-based secretary general of the ATF, has written to the ITF in this regard.

In his e-mail, which he sent to the ITF secretariat and copy to the Pakistan Tennis Federation (PTF), Subramanium has said that Pakistan has no security issues for tennis in general and for Davis Cup tie against Oman in particular.

The ATF secretary has ensured the ITF that Pakistan is a sport-loving country and there will be no harm to any player.

The PTF officials are hopeful the ITF will have to reverse its decision of shifting the Davis Cup event from Lahore to Oman.

“The international body will surely take back their decision and our case is much stronger after the ATF support,” said an official of the PTF.

He said the strong track record of the PTF was self explanatory about the issue. The Davis Cup tie between Pakistan and Oman was scheduled for March 7-9 at Lahore’s grass courts. However, the ITF last week judged Pakistan as a security threat and shifted it to Oman.


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Cricket-Pakistan’s Akhtar Urges Board To Launch Twenty20 League

According to the fast bowler Shoaib Akhtar, Pakistani Twenty20 league would encourage foreign teams to tour the country.

Akhtar urged the PCB to start its own league, similar to the multi-million dollar Twenty20 Indian Premier, which was launched this year. He told the reporters, “We need to find our own solution or else cricket will die in Pakistan. We should have our own twenty20 professional league. The money is there and that is one way to get foreign players to play in our country. I know personally there are wealthy individuals and companies in Pakistan and abroad willing to put money into such a project because cricket has big commercial pull in Pakistan.”

Akhtar, while praising England on returning to India for their test series after the Mumbai terrorist attack, said that the Pakistani players were frustrated because of the lack of opportunities to play international cricket this year.

He further said, “We have played no tests this year and teams always have issues with coming to Pakistan due to security. The Indians and other teams need to show the same respect (shown by England) for our cricket and play in our country if our government is giving them security assurances.”

Akhtar added that he wanted to continue playing until the 2011 World Cup although he is suffering from disciplinary and fitness problems this year,

He went on to say, “I am working hard on my fitness and I am going to nurse myself through matches. If I can do that properly I see myself completing 400 wickets in one dayers and playing until the next World Cup.”

His appeal against 18 months ban and seven million rupees ($86,515) fine, imposed by the PCB this year, is pending in the Lahore High Court.

Until the court suspend the ban and till the appeal is decided, he is unable to play.


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Its Honor For Me to Play in Australia: Sohail Tanveer

KARACHI: Fast-rising Pakistani all-rounder Sohail Tanveer said Thursday he was looking forward to playing Twenty20 cricket in Australia as a way to gain valuable match experience.

The 24-year-old will fly out next week on a short five-match contract for South Australia after being cleared to play by the Pakistan Cricket Board.

“It is a great honour for me,” Tanveer told in an interview to a news agency. “Not many international players have played in Australian domestic cricket and this opportunity will help me to learn and progress toward my goal of being a top class all-rounder.”

Tanveer is expected to replace his Pakistan teammate Younus Khan, who played for South Australia in the current Sheffield Shield season.

The left-arm paceman has taken big strides at the international level after replacing the troubled Shoaib Akhtar on the Pakistan squad for the Twenty20 World Cup in South Africa last year.

Akhtar was expelled from the team after hitting team-mate Mohammad Asif with a bat just days before the event.

Tanveer played impressively in Indian Premier League competition earlier this year, finishing as the leading wicket taker with 22.

He said he hoped his short stint Down Under would help him get used to Australian pitches ahead of Pakistan’s three-Test tour there set for 2009.

“A lot of people say that it’s tough to bowl in Australia, so I will have my chance to learn how to bowl there. This will also help me when I become part of the Pakistan team which will tour Australia next year,” he said.

Tanveer said he had also been approached by a few English county sides, but remained committed to representing his country.

“At the moment the top priority is to play for Pakistan, but in between if I get a chance, I will also play in county cricket, which is also a good learning process,” he said.


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Petraeus offers 1st Outlook on Iraq, Afghanistan

WASHINGTON: General David Petraeus, commander of U.S. forces in Iraq and Afghanistan, has told his troops that despite progress on both fronts, the U.S. and its allies face a tough fight in the year ahead.

With his trademark caution, Petraeus wrote in a letter to all troops in U.S. Central Command — stretching across the Middle East and throughout Central Asia — that improved security conditions in Iraq remain fragile and that while the Afghan army is improving, “the difficulties in Afghanistan are considerable.”

It was the first time since Petraeus took charge of Central Command on Oct. 31, following 20 months as the top U.S. commander in Baghdad, that he has offered troops what he called “my initial assessment of the situation” not only in Iraq and Afghanistan, but also in Pakistan and elsewhere in that region.

The letter, dated Dec. 9, was released by his office at Central Command headquarters.

Petraeus has assembled a team of experts to conduct an in-depth and comprehensive review of his command area; it is expected to be completed by early February. His aides said that is separate from the “initial assessment” he offered in the letter to troops.

The assessment was based on his own discussions and observations during extensive travels in the Middle East, Central Asia and elsewhere over the past few months.

“In Iraq, we are building on the progress achieved by coalition and Iraqi forces in the course of difficult operations,” he wrote. He said gains have been encouraging but are still not irreversible — a theme he and other commanders have struck many times in arguing against a rapid withdrawal of U.S. forces.

Petraeus mentioned that further troop cuts in Iraq are planned, but he was not specific. President-elect Barack Obama has said he would consult with Petraeus and other commanders and senior civilian defense officials before carrying out his campaign promise to bring the Iraq war to an end.

“Numerous difficult issues loom on the horizon in the `Land of the Two Rivers,’” he wrote, alluding to the name derived from the important role the Tigris and Euphrates rivers have played in Iraq’s history.

He noted the challenges of Iraqi elections to be held in 2009, plus “resilient enemies still carrying out deadly attacks, lingering ethno-sectarian mistrust and competition” and “malign external influences.”

“In Afghanistan, we and our Afghan partners are in a tough fight,” Petraeus wrote.

Noting that developing the foundations of Afghan government and economy “is typically more construction than reconstruction,” Petraeus said progress has been painstaking, with much yet to be accomplished.

“The Taliban and other elements that make up the extremist `syndicate,’ aided by groups operating from sanctuaries outside Afghanistan, have significantly increased the levels of violence in Afghanistan and contested control of important areas of the country,” he wrote.

The Afghan government has “yet to achieve the necessary levels of competence, integrity, capacity and legitimacy,” he added.

Petraeus noted obliquely the U.S. intention to send additional combat and support troops to Afghanistan next year. More firepower, he said, will be part of a broader effort to help the Afghans as they conduct elections in 2009 and “strive to achieve progress in the security, economic and governmental arenas.”

Petraeus made no explicit mention of the rising tensions between India and Pakistan as a result of the Mumbai terrorist attack in November. But he linked U.S. efforts in Afghanistan and Pakistan.

He wrote that Pakistan “faces substantial difficulties of its own but has shown new awareness of the need to deal with the extremists who have not only exported violence outside Pakistan’s borders but have also demonstrated the threat they pose to Pakistan’s very existence.”

Pakistan is in Petraeus’ command area but India is not.


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Pakistan Sincere in Anti-Terror Cooperation: US

WASHINGTON: The United States Wednesday voiced its full confidence in Pakistan’s anti terrorism resolve, saying the civilian government and the military working under it are committed to cooperation in investigation into last month’s Mumbai attacks.

“I think the Pakistani government has been very sincere. They are on the frontlines of (fighting) terrorism, as we have said many times before,”State Department spokesman Robert Wood said at the daily briefing when asked if Islamabad is being sincere in extending anti?terrorism cooperation.

Washington, he stated, has no reason to doubt Pakistan’s commitment to get to the bottom of the investigation into the incident, that has renewed tensions between the two South Asian nuclear powers after they saw improvement in bilateral ties over the last several years.

Wood’s comments came as Islamabad pressed New Delhi on furnishing evidence to substantiate allegations of any Pakistani link to the attacks in the Indian financial capital. Pakistan has moved against militant organizations banned by a UN Security Council panel since the late November incident. The United States has been urging restraint and cooperation by the two neighbors to investigate the incident.


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Barack Obama Told to Refrain From Mediation over Kashmir

President-elect Barack Obama has been told to refrain from promoting the idea of direct US mediation between India and Pakistan over Kashmir by senior American analysts, who say any such move could “backfire.”

Such a mediation “could backfire by raising unrealistic expectations for a favourable settlement among Pakistanis, thereby fuelling Islamabad’s support for militants in hopes of pushing a hard-line agenda,” analysts Lisa Curtis and Walter Lohman in a piece titled “Stiffening Pakistan’s Resolve Against Terrorism: A Memo to President-elect Obama”.

“Your recent assertion that the US should try to help resolve the Kashmir issue so that Pakistan can focus on reining in militancy on its Afghan border is misguided,” they told Obama who will be sworn in as the 44th US president on January 20.

“During the campaign, you (Obama) rightly pledged to support Pakistan’s nascent democratic government and to convince the military establishment to shift its focus away from India and toward militants within Pakistan’s own borders that threaten to destabilise the country,” they said.

The duo asked Obama to convince the Pakistani military leadership that Pakistan’s national security interests are no longer served by supporting extremists, whether they operate in Afghanistan or India.


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Wednesday, December 17, 2008

Baghdad Car Blasts 18 killed, 53 Wounded

BAGHDAD: The car bomb and a second explosion killed police and civilians here on Wednesday.

Twin bomb blasts have killed 18 people and wounded 53 in central Baghdad as British Prime Minister Gordon Brown made an unannounced visit to Iraq, police said.

The car bomb and a second explosion killed police and civilians in the Nahdha neighbourhood of central Baghdad, near a traffic police station and a hospital.

Violence has dropped sharply in Iraq, where the US-led invasion in 2003 unleashed years of sectarian bloodshed and insurgent attacks. But car bombs, assassinations and other violence are still routine.

Brown arrived in Baghdad morning on his fourth visit as the British leader. He met Prime Minister Nouri al-Maliki and discussed plans to withdraw the remaining 4,100 British troops from southern Iraq by the end of July 2009.

Wednesday’s bombings were some distance away, on the other side of the Tigris River from the heavily fortified Green Zone where Brown met Mr Maliki.


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Karachi pipeline breaks, oil enters houses

KARACHI: Oil burst out into great quantities in Karachi area of Korangi triggering any possible threat to human lives, as a fissure appeared in an oil pipeline in the area, reported ARY OneWorld on Wednesday.

According to details, during repair work, oil pipeline broke up, which caused oil to outflow in huge quantity in the area. The oil kept spewing for nearly an hour.

The police and The Ranger personnel arrived before long and took the whole area in their security cordon. Also, Pak Arab Refinery Company (PARCO) crew arrived on the scene.

The Parco personnel are shifting people to safer places; also, the people moving towards the site are being stopped from accessing the affected area.

The power supply to the area has been cut off in view of any possible outburst of intense conflagration. Also, the announcements are being made for people to strictly avoid lighting the match or stove.

When contacted, Sindh Chief Secretary Fazlur Rehman said the pipeline mishap occurred owing to the negligence and carelessness of Sui Gas crew.

He said strict action would be taken against Sui Gas company; also, they would be fined.

It should be noted that that Sui Gas crew were working and accidentally hit the gas pipeline, which caused a fissure in pipeline and ten-foot high fountain of oil jet erupted. Soon, oil spread to the residential area.

City Nazim Mustafa Kamal urged on immediately starting the relief activities in the affected area, the fierce gale forced the oil to spread over a vast swathe of land.

The city nazim said nobody took from the city government permission of the repair work involving excavation, adding an FIR should be filed against those responsible for the negligence.

Mustafa Kamal said that now the oil stopped spilling and the situation is under control in Korangi.

The Parco officials said that supply of crude oil has been stemmed.

All the roads leading to the affected site have been blocked and massive traffic jams are being witnessed on Korangi-bound roads.

The Fire Brigade Squad officials said work of dumping sand on the spilled oil would take at least six to seven hours.

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