Tag Archives: Concerns

BoE no closer to hike as economy concerns persist

LONDON – The Bank of England came no closer to raising interest rates this month as concerns about the strength of the economy outweighed inflation risks, further dimming the chance of a hike before August. Its Monetary Policy Committee split 6-3 again in favour of holding rates at 0.5 percent, minutes of its April 6-7 meeting published on Wednesday showed, saying the medium-term outlook for inflation had not changed enough to alter their view. Although the minutes said the near-term

Mullen to raise spy concerns with Pakistan top brass

ISLAMABAD – The chairman of the US Joint Chiefs of Staff arrived in Islamabad Wednesday for talks with Pakistan’s top general expected to address concerns over official links with militants in the region.
Pakistan’s Inter-Services Intelligence Agency (ISI) has long-been held to keep contact with militants operating in the wild tribal areas along the Pakistan-Afghanistan border who plague US-led forces fighting the Afghan war.
Admiral Mike Mullen’s trip follows a visit to

‘Pakistan trying to allay Indian concerns on EU concessions’

KARACHI – The Commerce secretary Zafar Mehmood has said that government was trying hard to alleviate concerns of India and other countries over concessions granted by European Union (EU) to Pakistan. He said this while talking to media men here on Monday after his meeting with office bearers of Federation of Chamber of Commerce and Industries Pakistan (FCCIP).
“During the meeting held earlier in Geneva, India had voiced its reservations over the concessions given by EU to

Azfar relieved from NRO plea over ‘security concerns’

ISLAMABAD – Taking life threats to Kamal Azfar in account seriously, the Supreme Court on Thursday allowed the senior lawyer to disassociate himself from the government’s review plea against the SC verdict against the National Reconciliation Ordinance (NRO).
While heading the 17-member full court hearing the federation’s review petition against the NRO verdict, Chief Justice Iftikhar Muhammad Chaudhry said he received a note put up by the SC registrar on a faxed complaint from

Pakistan spells out ‘concerns’ to US general

ISLAMABAD – Pakistan spelt out “concerns” dogging its troubled alliance with the United States at talks Thursday with the most senior American to visit since the release of a CIA contractor wanted for murder.
US commander of the Middle East and Afghanistan, General James Mattis, flew in as relations took a further knock with a White House report criticising Pakistan’s fight against Islamist militants on the Afghan border.
Mattis was meeting Pakistan’s army chief General

Security concerns dog oil drilling

KARACHI – The regulatory situation after the eighteenth amendment and increased security issues have emerged as key hurdles in drilling during 2011/12 (only 24 percent target delivery) and pose risks to exploration and field development projects. But the earnings upside of two to five percent from lower exploration write-offs in 2011 and a relative dry patch in exploration news flow will lessen the impact of the issues mentioned in the case of Pakistan Oilfields Limited (POL),

Altaf for allaying concerns over blasphemy laws

LAHORE – Urging religious scholars to consider the reservations being expressed over the blasphemy law, MQM chief Altaf Hussain Friday said parliament was the only available forum to debate and amend the laws.
Addressing a gathering jointly organised by Defence Clifton Residents Committee and the Council of Professionals, Altaf said every citizen of the country enjoyed equal rights and those resorting to terrorism in the name of Islam were defaming the religion.
He said the

Pakistan moves to address neighbours’ concerns over EU trade concessions

ISLAMABAD – Pakistan has written letters to India and other countries addressing their concerns over a 900 million Euro unilateral trade concessions announced by the European Union in October last year after the devastating floods, which would again come under discussion at the Council for Trade in Goods of the World Trade Organisation in Geneva on March 21.
Commerce Secretary Zafar Mehmood told a meeting of the Senate body on commerce that the letter written by Commerce Minister

UN nuclear body may highlight Iranian military concerns

VIENNA – The UN atomic watchdog may soon spell out in more detail its concerns about possible military aspects to Iran’s disputed nuclear programme, Western diplomatic sources say. The International Atomic Energy Agency (IAEA) is considering including an annex on the issue in its next regular report on Iran’s atomic activities due this month, ahead of a meeting in early March of its 35-nation governing board, one source said.
Such a move would signal the UN body’s growing

Industrialists voice concerns over state borrowing

KARACHI – Industrialists have raised concerns over the inflationary trend resulting from high government borrowings from the central and commercial banks. “The industrial economy of the country is already struggling due to rising global commodity prices, energy shortages and the ever worsening security situation,” said a joint statement issued by SITE Association of Industry Chairman Abdul Wahab Lakhani, Senior Vice Chairman Asad Nisar and Vice Chairman Sanaullah Abdullah.

Concerns heighten over PIA-Turkish Airline deal

LAHORE – Office-bearers of the Pakistan International Airline (PIA) Senior Staff Association registered a protest against proposed code sharing agreement between the national flag carrier and Turkish Airline, here on Friday. PIA’s Senior Staff Association (SSA) representatives visited different offices of the airline and knotted black armbands to officer’s arms.
SSA office-bearers said that all PIA officials would resist the proposed agreement with all possible means. SSA

Sino-Pak FTA revision to address Pakistan’s concerns

KARACHI: Pakistan and China will revise the Free Trade Agreement (FTA) by the mid of next month. The news is in addition to the billions of dollars agreements signed between the two countries during the recent visit of Chinese Prime Minister Wen Jiabao to Islamabad. The FTA, which was signed in November 2006, would be revised with required changes in January 2011, sources told Pakistan Today on Monday.
Islamabad, according to source, has stressed the Chinese delegation to bring

Pakistan must address our concerns over cross-border terror: India

NEW DELHI: Demanding redressal of its concerns over cross-border terrorism in an “effective and transparent” manner, India on Wednesday said it was necessary for a “comprehensive, serious and sustained” dialogue between India and Pakistan.
It also expressed willingness to look at existing bilateral visa agreement that was signed in 1974 to facilitate travel by bonafide businessmen from both the countries amid complaints by a Pakistani industry body that tough visa norms in India

Judo community expresses concerns over dismal Asiad

LAHORE: Judo players and organizers all over the country have expressed their increasing concerns at the extremely poor performance of the Pakistan Judo team that finished rock bottom in the Asian Games being held in China currently.
Mrs Samina Khan, President Pakistan Women Judo Association, said an eight-member team comprising six players and two officials failed miserably to achieve anything in these Games. All the players lost their bouts in seconds and were thrown out of

Shifting of varsities to Lahore suburbs concerns parents, students

Parents and teachers have expressed their concerns over the shifting of universities to suburbs of Lahore, as the move is causing financial problems, Pakistan Today has learnt.
Various universities located in the middle of Lahore were forced to construct larger campuses in the city’s suburbs to meet the demands of higher education and the ever-increasing number of students.
University buses charge Rs 2,000 to 4,000 per month for transporting students to varsities