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Posts Tagged ‘basis’

LB polls on party basis


MULTAN – Prime Minister Yousuf Raza Gilani declared on Sunday that upcoming local government polls would be held on party basis.
Addressing a news conference here at Multan Airport after his arrival from Islamabad, he said that the provincial governments would take over the local bodies on December 31. He told the journalists that the chief ministers of all the four provinces had endorsed government’s policy on local governments. “They (CMs) have informed the government in writing that they’ll follow the unanimous strategy on local governments introduced by the centre,” he added.
He said slain PPP chairperson Benazir Bhutto also wanted local government polls to be held on party basis as it would generate leadership at grassroots level. “We’ll promote this vision,” he resolved.
To a query on Indian hand in Pakistan, the premier reiterated that the evidences of Indian involvement in terrorism in Pakistan would be furnished at appropriate forum at a suitable time.
He said the evidences against India were available but issuing multiple statements on this issue and discussing it before media could make it complex. “The situation can deteriorate if we discuss sensitive issues on media,” he added. According to him, Pakistan wants to resolve issues like Kashmir, water and terrorism through dialogue otherwise the terrorists would benefit from the situation.
He said the government had formed a new authority to tackle terrorism issue. “This authority will be supported by the military and civil agencies and all institutions will work together,” he added. He stressed that journalists, educationists, police officers and officials from departments concerned would be included in this body to tackle the terrorism issue.
“It will be a think tank which would run a research centre to impart training to the children and citizens,” he added. Responding to a question, he termed the approval of NFC Award as the beauty and triumph of democracy, saying democratic powers were striving hard to settle all issues amicably.
According to him, the Americans caught from Sargodha are being quizzed and their fate would be decided after the completion of interrogation. He said the operation was going on successfully in Waziristan against those, who challenged governmentÂ’s writ. He claimed that the government took all political parties into confidence in the parliament prior to launching the operation.
Holding the US as strategic partner of Pakistan in war on terror, he described terrorism as an international menace, stressing that the chances of success in war against terrorism could go further up, provided Pakistan and US worked together under a joint strategy. He claimed that the US took Pakistan into confidence prior to launching new Afghan policy. “Soon American leaders are coming to Pakistan to talk to our political and army leadership,” he said.
Mr Gilani maintained that the work on drafting constitutional amendments was at final stages and soon the constitution would be restored in its real form. “I pay tributes to all political parties for supporting government on this issue,” he added.
To a query, he said the government was not opposed to the accountability. “But we want accountability and not vendetta,” he added. He said he had offered Nawaz Sharif to go through the draft of the proposed accountability bill and form a three-member committee of his party to review it so that it could be presented before the parliament. He said there was a huge difference between accountability and vendetta. “If I receive any verdict against me, I’ll accept it. We’ll do only those things that enjoy public support,” he asserted. Answering another question, he said Gilgit-Baltistan was a part of Kashmir and Pakistan was struggling for the liberation of Kashmir.
Strongly dispelling the impression that governmentÂ’s recent steps on Gilgit-Baltistan were part of a strategy to make it a part of Pakistan, he said the government did not allocate any seat to Gilgit-Baltistan in the parliament or senate – rather, this region was given autonomy. “We have empowered them to resolve their problems locally,” he added.
Replying to a question, he said no party enjoyed two-thirds majority in the parliament and therefore Saraiki province could not be established through an executive order. He said he never opposed Sariaki province, but currently the country was facing some other serious problem. “If we talk of the Saraiki province at this time, it will bring more troubles for the country,” he added. He emphasised that no agreement was made by the government for changing the name of NWFP.
Deploring Qasim Bela blast incident, he announced Rs .5 million compensation for each deceased, Rs 10, 0000 for each injured and Rs 15 million for reconstruction of damaged houses. He said the anti-Pakistan elements hatched a conspiracy to ruin peaceful atmosphere in Multan. To a query on land erosion by Indus river, he said the federal government would support provincial government vis-a-vis launching a joint project to combat land erosion if the latter brought this issue to the notice of centre.

Temasek prices $600m of bonds for funding

Temasek Holdings, Singapore’s government-owned investment company, priced $600 million of bonds that will raise money for general use.

Temasek’s US$300 million ($416 million) in 4% guaranteed notes due 2029 were priced to yield 62.25 basis points more than Singapore dollar swaps and the same amount of 4.2% guaranteed notes maturing in 2039 were priced at a 74.75 basis point spread, the company said in an e-mailed statement today. A basis point is 0.01 percentage point.

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Noble said to close $2.5b in loans as early as this week

Noble Group, the Hong Kong- based supplier of raw materials from soybeans to sugar and steel, may close US$1.8 billion ($2.5 billion) in loans this week, according to two- people with direct knowledge of the matter.
 
A revolving US$1.2 billion loan in equal parts of two and three-year terms could pay about 197 basis points more than the London interbank offered rate and 250 basis points over Libor respectively, the people said, without wanting to be identified as the transaction isn’t final. A new US$600 million facility has a tenor of one year and will pay about 135 basis points over Libor, they added. A basis point is 0.01 percentage point.

PSA sells US$500m of 10-year bonds

PSA International, the ports operator owned by Singapore’s Temasek Holdings, raised US$500 million ($720 million) by selling 10-year bonds denominated in U.S. dollars, according to data compiled by Bloomberg.

The 4.625% bonds were priced to yield 140 basis points more than similar-maturity US government debt, the data show. A basis point is 0.01 percentage point.

US Syria Sanctions To Be Eased ‘Case-By-Case’

The Obama administration said Tuesday that it would take new steps to ease American sanctions against Syria on a case-by-case basis, the latest sign of a diplomatic thaw.

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All-in-One Printers That Won’t Break the Bank

Despite the popular notion that today’s world is largely a digital one, businesses of all sizes still require hard copies of documents on a daily basis. Technologies like touch-screens, automatic double-sided printing and other features can help your business print cost-effectively and reduce waste. Here’s a list of nine AIO (all-in-one) printers from Hewlett-Packard, Samsung, Dell Lexmark and other vendors that are worth the ink and won’t break the bank.
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Pak minister warns to expose all anti Pakistan forces

Pakistan’s State Minister for Interior Tasnim Ahmed Qureshi has said that the government would expose all local and foreign forces attempting to weaken Pakistan’s integrity, solidarity and security at the right time.
Talking to media after being briefed by FIA Director (Immigration) Azam Joyia here on Tuesday, he said the entire security apparatus of the [...]

Lic of india – LIC of India Recruitment

Life Insurance Corporation of India (LIC) invites application for 50 Direct Sales Executives (DSE), to be engaged by various offices of the corporation purely on contract basis.
Last date for receipt of Application Form together with Demand Draft towards application fees will be 23-7-2009.
Selection will be made on the basis of a written test if necessary, [...]

Iran to offer West ‘new package’

Iranian technician works at Bushehr nuclear plant, 25 February 2009

Iran’s government says it is preparing a new package of proposals to put to the West.

Foreign Minister Manouchehr Mottaki said it would concern "political, security and international issues".

He was speaking in Tehran hours after G8 leaders said they were appalled at Iran’s disputed presidential election.

US President Barack Obama said global leaders were also "deeply troubled" by Iran’s nuclear programme. Iran denies it is trying to build a nuclear bomb.

Mr Mottaki played down international concerns, saying there had been "no new message from the G8".

"We are going to present our package which will be a basis to negotiate all regional and international issues," he told a news conference in Tehran, without giving further details.

"The package can be a good basis for talks with the West."

The US has threatened tough sanctions if Iran rejects offers of engagement over its nuclear programme.

Iran says its nuclear programme is for peaceful purposes, but has been accused by Western countries of seeking nuclear weapons.


This article is from the BBC News website. © British Broadcasting Corporation, The BBC is not responsible for the content of external internet sites.