Obama delays signing K-L bill due to criticism

Updated at: 1635 PST, Wednesday, October 07, 2009
WASHINGTON: President Obama has delayed signing Kerry-Lugar bill due to reports of criticism on the bill in Pakistan, Geo news reported Wednesday.

According to sources, the decision came following reports in regard to reservations and questions raised by different sectors in Pakistan over the bill.

It is pertinent to mention that Kerry-Lugar bill will be debated in the national assembly today as PML-N Tuesday tabled the adjournment motion to debate on K-L bill in the Lower House which speaker Fehmida Mirza accepted for debate.

Mansha says can bring more investment than K-L bill

KARACHI: The Chairman of an independent Nishat Group Mian Muhammad Mansha who owns the MCB Bank, becoming critic of Kerry-Lugar bill, has said Wednesday, I can bring more annual investment in Pakistan than what will be gained through Kerry-Lugar aid bill.

But he conditioned the influx of heavy investment in country with the support of government if extended for the development of private sector in Pakistan.

This Mansha stated at the inauguration ceremony of induction of Nishat Power Company (NPC) in Karachi Stock Exchange (KSE) here early on Wednesday morning.

On the occasion, he said the delay in the merger of Royal Bank of Scotland (RBS) and Muslim Commercial Bank (MCB) is caused by regulators which has cost account holders a lot.

He expected the merger of two banks by the end of coming week, saying Nishat Group is pioneer among Pakistani private giants, which will own foreign banks for the first time.

Moreover he said, our economy has started witnessing growth and can be further improved if we consider prices of our commodities.

SPORTS: Groups confirmed for ICC Cricket World Cup 2011

The ICC Board meeting in Johannesburg today confirmed the groups for the ICC Cricket World Cup 2011.

In Group A there will be Australia, Pakistan, New Zealand, Sri Lanka, Zimbabwe, Canada and Kenya.

In Group B there will be India, South Africa, England, West Indies, Bangladesh, Ireland and Netherlands.

Rain sees Pakistan through to semi-finals

CENTURION: Pakistan qualified for the Champions Trophy semi-finals after the India-Australia match was abandoned due to rain here on Monday.

Pakistan have already secured four points after winning both of their matches in the four-team Group A, while Australia have three points and India one after two games. The West Indies have lost both of their games.

The top two sides advance to the semi-finals.

Defending champions Australia were on course for a big total before the play was called off due to heavy rain in the day-night match.

They posted 234-4 in 42.3 overs after winning the toss on a good batting track, with Michael Hussey (67), skipper Ricky Ponting (65) and Tim Paine (56) all making the most of a mediocre Indian attack.

Cameron White was unbeaten on 35 and Callum Ferguson on two.

India, needing a win to boost their hopes of making it to the last-four, bowled inconsistently, failing to keep pressure on Paine, Ponting and Hussey.

Australia lost an early wicket when Shane Watson pulled left-arm seamer Ashish Nehra to Harbhajan Singh at mid-wicket.

Ponting and Paine then steadied the innings with an 84-run stand for the second wicket, gathering runs comfortably against both pace and spin.

Paine was more aggressive than his captain, once pulling seamer Ishant Sharma for a six and also hitting seven fours in his 58-ball knock. His flourish ended when he was caught by Harbhajan off leg-spinner Amit Mishra.

But there was no respite for India as Hussey and Ponting consolidated their team’s position with an 88-run partnership for the third wicket.

Ponting was caught short of the crease while going for a second run, with Gautam Gambhir hitting the stumps from the deep at the non-striker’s end. He hit one six and four boundaries in his 88-ball knock.

Hussey fell in a bid to step up the run-rate, caught by Sachin Tendulkar at long-off off Sharma in the 41st over after hitting five fours in his 65-ball knock.

India made two changes from the side that lost to Pakistan on Saturday, bringing in Mishra and seamer Praveen Kumar in place of Yusuf Pathan and Rudra Pratap Singh.

Australia retained the team that defeated the West Indies in the previous match.

India clash with the West Indies, while Australia meet Pakistan in the last league matches on Wednesday.

SOURCE: dawn.com

Gilani, Singh likely to meet in Nov

NEW YORK: There’s a strong possibility that Indian and Pakistani prime ministers could meet on the sidelines of the Commonwealth heads of government meeting, which is scheduled in late November inTrinidad, diplomatic sources told Dawn.

This would be a follow-up of the two-day talks between their foreign ministers and foreign secretaries in New York during the weekend.

The meetings on the sidelines of the UN General Assembly were the first high-level contacts between the two countries since their prime ministers met at the Egyptian resort of Sharm El-Sheikh in July.

When asked about the next round of talks at a briefing on Sunday, Indian Foreign Minister S.M. Krishna said: ‘We have just come out of one (meeting). So, give us some time.’

While talking to the Pakistani media, Foreign Minister Shah Mehmood Qureshi also indicated that the next logical opportunity for another meeting would be the Commonwealth summit.

Mr Qureshi said he was willing to travel to India himself if this might improve public sentiment there towards engagement.

After his 100-minute meeting with his Indian counterpart, Mr Qureshi indicated that despite an apparently lukewarm response from the Indians, the fresh attempt to improve ties soured by last November’s militant attacks in Mumbai was gathering momentum.’ I have suggested to my counterpart a way forward and a roadmap for the future.’

SOURCE: dawn.com