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Posts Tagged ‘South Asia’

US welcomes emerging India’s role in Asia Pacific

us lflagThe US welcomes India’s greater involvement in East Asia and is committed to working with New Delhi as it increases ties with US allies in Southeast Asia and Japan, a senior US official has said. “Ultimately, we think that India’s role in the Asian-Pacific region stands to be one of the most important new developments [...]

US courts Kayani, with little result


WASHINGTON – Chief of Army Staff (COAS) General Ashfaq Parvez Kayani was singled out by a major US newspaper Saturday for resisting Obama administrationÂ’s pressures to launch a ground assault against Afghan Taliban and al-Qaeda sanctuaries in Nort Waziristan, now a principal American demand.
“Recent US intelligence estimates have concluded that he (Gen. Kayani) is unlikely to change his mind anytime soon,” The Washington Post said in a dispatch, headlined: ‘Pakistan’s top general vexes US’. “Despite the entreaties, Kayani doesn’t trust US motivations and is hedging his bets in case the American strategy for Afghanistan fails,” the newspaper said, citing American officials.
Noting that Kayani is viewed as the most powerful man in Pakistan, the newspaper said the US has “yet to persuade him to undertake what its strategy review concluded is a key to success in the Afghan war – the elimination of havens inside Pakistan where the Taliban plots and stages attacks on coalition troops in Afghanistan.”
In a joint dispatch, The Washington Post staff writers, Karin Brulliard and Karen DeYoung, wrote: “Kayani, who has more direct say over the country’s security strategy than its president or prime minister, has resisted personal appeals from President (Barrack) Obama, US military commanders and senior diplomats. Recent US intelligence estimates have concluded that he is unlikely to change his mind anytime soon.”
“In many ways, Kayani is the personification of the vexing problem posed by Pakistan. Like the influential military establishment he represents, he views Afghanistan on a timeline stretching far beyond the US withdrawal, which is slated to begin this summer. While the Obama administration sees the insurgents as an enemy force to be defeated as quickly and directly as possible, Pakistan has long regarded them as useful proxies in protecting its western flank from inroads by India, its historical adversary.
“Kayani wants to talk about the end state in South Asia,” said one of several Obama administration officials who spoke on the condition of anonymity about the sensitive relationship. The US generals, the official said, “want to talk about the next drone attacks.”
“The administration has praised Kayani for operations in 2009 and 2010 against domestic militants in the Swat Valley and in South Waziristan, and has dramatically increased its military and economic assistance to Pakistan. But it has grown frustrated that the general has not launched a ground assault against Afghan Taliban and al-Qaeda sanctuaries in North Waziristan.
“Kayani has promised action when he has enough troops available, although he has given no indication of when that might be. Most of Pakistan’s half-million-man army remains facing east, toward India.
“In recent months, Kayani has sometimes become defiant. When US-Pakistani tensions spiked in September, after two Pakistani soldiers were killed by an Afghanistan-based American helicopter gunship pursuing insurgents on the wrong side of the border, he personally ordered the closure of the main frontier crossing for US military supplies into Afghanistan, according to the US and Pakistani officials.
“In October, administration officials choreographed a White House meeting for Kayani at which Obama could directly deliver his message of urgency. The army chief heard him out, then provided a 13-page document updating Pakistan’s strategic perspective and noting the gap between short-term US concerns and Pakistan’s long-term interests, according to the US officials.
“As the Obama administration struggles to assess the fruits of its investment in Pakistan, some officials said the US now accepts that pleas and military assistance will not change Kayani’s thinking. Mullen and Richard C. Holbrooke, who served as the administration’s special representative to Afghanistan and Pakistan until his death last month, thought that ‘getting Kayani to trust us enough’ to be honest constituted progress,” one official said. “But what Kayani has honestly told them, the official said, is: “I don’t trust you.”

$35b Sino-Pak deals inked


ISLAMABAD – China and Pakistan concluded nearly 15 billion dollars’ worth of deals on Saturday, as Chinese Premier Wen Jiabao said Beijing would ‘never give up’ on Pakistan.
Business leaders formalised the paperwork – adding to the 20 billion dollarsÂ’ worth of deals signed Friday – under blanket security at the federal capitalÂ’s five-star Marriott Hotel. The latest deals included 17 agreements, four memorandums of understanding (MoUs) and one joint venture.
Chinese Premier Wen Jiabao and Prime Minister Yousuf Raza Gilani witnessed the signing ceremony during Pak-China Business Cooperation Summit where around 260 Chinese delegates and 150 representatives of Pakistan present.
Terming the Pak-China relations as exemplary, Wen Jiabao reiterated his resolve to enhance the bilateral trade with Pakistan in the coming years in a bid to improve flow of investments between both of the countries.
Addressing the moot, the Chinese premier informed that his country would increase investment in Gwadar Port.
He admitted that there were some trade related issues with Pakistan, which were temporary and could be resolved, as China would help Pakistan in increasing exports and improving its infrastructure.
Earlier, Gilani said, “We would encourage Chinese companies to consider investments in the energy sector, which assures certain returns. Our energy requirements are expected to increase from 20,000MWs to more than 160,000MWs by the year 2030.”
“Pakistan has 185 billion tonnes of coal reserves, which would be converted into energy to satisfy Pakistan’s growing demand,” he added while encouraging Chinese investors to explore opportunities in oil and gas sectors.
“The government has announced special economic incentives for Chinese investors including duty-free import of plant and machinery, exemption from sales tax and income tax,” he informed.
He informed the participant that Pakistan was in the process of creating a National Trade Corridor, which would be connected to China through an upgraded Karakoram Highway.
“Besides a comprehensive Free Trade Agreement and the Joint Five Year Economic Programme, we are now jointly endeavouring to establish closer financial and banking sector cooperation,” PM Gilani said, adding that the govt was giving importance to the safety and security of Chinese personnel and premises in Pakistan.
Meanwhile, in his address at banquet hosted in the honour of Wen Jiabao, Gilani while the declaring 2011 as year of Sino-Pak Friendship said Pakistan strongly believed in ‘One-China’ policy and was opposed to any policy aimed at containing progress or impeding peace and development in the region.
The banquet was attended by the three Services Chiefs, Punjab Chief Minister Mian Shahbaz Sharif, JUI chief Maulana Fazlur Rehman, President PML-Q Ch Shujaat Hussain, ANP President Asfandyar Wali and others.
“We desire a peaceful environment in our region in the interest of our development and to raise the living standards of our people. We seek peaceful resolution of all issues with India, including the longstanding Jammu and Kashmir dispute,” Gilani said, as he hoped that the success in this endeavour would usher in a new era of peace and prosperity in South Asia.
Similarly, he said, a stable Afghanistan would open up vast opportunities for Pakistan and indeed for other regional countries.
“We deeply appreciate China’s support to Pakistan on various regional and international issues”.
He said the longstanding ties of friendship between the two countries were underpinned by mutual trust, solid confidence and creating synergy to build mutually-beneficial relationship for progress and social harmony in our two countries as well as in Asia and beyond.
“A unique characteristic of Pakistan-China relationship has been that it is not directed against any country,” he remarked.
PM said, “We are opposed to any policy which aims at “containing progress or impeding peace and development” in the region.
Speaking on the occasion, the Chinese PM promised to assist Pakistan various sectors including energy and agriculture, adding that the strategic ties between the two countries would also be extended.
Chinese Prime Minister Wen Jiabao will address the joint sitting of the Parliament today (Sunday morning).
He will be the first Chinese and the sixth world leader to address the joint session of the PakistanÂ’s Parliament. Five foreign dignitaries who had earlier addressed the joint sitting are Turkish Prime Minister Recep Tayyip Erdogan, former Sri Lankan Prime Minister Sirimavo Bandaranaike, ex-Turkish President Kenan Evran, former Iranian president Ali Akbar Hashemi Rafsanjani and Queen Elizabeth II of the Great Britain.
Agencies add: According to a list handed out to journalists, the biggest deal was 6.5 billion dollars to develop wind and solar power.
Though not specifically mentioned, behind-the-scenes talks were expected on China building a one-gigawatt nuclear power plant as part of Pakistani plans to produce 8,000MW of electricity by 2025 to make up its energy shortfall.
The Islamabad city administration declared Saturday a public holiday, apparently for security reasons with the country on full-time alert for suicide attacks and bombings blamed on the Taliban and Al-Qaeda-linked extremists.
“China-Pakistan friendship will last forever,” Chinese Prime Minister told a ceremony commemorating Chinese workers who died in the 1970s while building the Karakoram Highway.
On the occasion, Gilani announced Rs0.3 million for the custodian of graves of 500 Chinese, died in Pakistan during the construction work on the highway.
Earlier on Friday, Information Minister Qamar Zaman Kaira told reporters that Pakistan and China signed deals worth around 20 billion dollars boosting trade and investment. It included 13 agreements and memorandums of understanding in fields including energy, rail transport, reconstruction, agriculture and culture.
“China will provide assistance in 36 projects in Pakistan to be completed in five years,” he said. “Basically this is a five-year development plan.”
Although no specific mention was made of nuclear power, talks are believed to be ongoing on China building a one-giga watt nuclear power plant to overcome acute energy shortages.
Gilani has expressed the hope that trade will rise to between 15 and 18 billion dollars over the next five years.
Meanwhile, the two countries reached agreement on enhancing bilateral ties during the one-to-one as well as delegation-level talks between Gilani and Wen Jiabao.
China extended full support to PakistanÂ’s sovereignty, security and political integrity. It also extended strong support for enhancing PakistanÂ’s defence and economic cooperation as well as in space programme.

Pak rejects biased policies harmful to its national security

PakistanafmapPakistan’s National Command Authority (NCA) has said that the country will not be a party to any approach that is prejudicial to legitimate national security interests. In a meeting that was chaired by Prime Minister Yousaf Raza Gilani, a review of recent global and regional developments and their implications on Pakistan’s national security was carried [...]

UBS – Corporate moves

Philip Kunz has been appointed MD/Regional Market Head South Asia 1 wef Nov 25
Work experience: Regional head, wealth management, HSBC Private Bank; head,  Indonesia market, Clariden Leu

Pakistan blasts WikiLeaks cables


ISLAMABAD – The Defence Committee of the Cabinet (DCC) affirmed the strong commitment of the Government and people of Pakistan to defend the country’s honour, dignity, sovereignty, independence and territorial integrity for which all the requisite steps would be taken including the strengthening of strategic and conventional capabilities of the country’s defence forces.
The DCC meeting held here at Prime MinisterÂ’s House on Friday afternoon under the head of PM Syed Yousuf Raza Gilani deliberated on global and regional developments that were impacting on the peace and security of the country.
The DCC also expressed full solidarity and support of government and people of Pakistan for the just struggle of the Kashmiri people for their inalienable right of self-determination, as prescribed in relevant UN resolutions.
The DCC reviewed the security challenges faced by Pakistan and expressed satisfaction on the defence preparedness. It also took stock of the challenges faced by terrorism and expressed satisfaction on the anti-terrorism and law enforcement actions undertaken by the security forces. It was decided to prosecute with full vigour the counter-terrorism campaign. The Committee renewed the GovernmentÂ’s resolve to eliminate terrorism and effectively foil the nefarious designs of the enemies of Pakistan.
The DCC reviewed the global and regional situation and, in particular, recent developments pertaining to South Asia and Afghanistan. The DCC reaffirmed PakistanÂ’s desire to promote strategic stability in South Asia; the importance of maintenance of regional balance; and just resolution of all outstanding issues.
The DCC also underscored the importance of establishing good neighbourly and cooperative relations with India on the basis of equality, mutual interest and mutual respect.
The DCC considered the NATO Lisbon Summit decision relating to Afghanistan and emphasized the importance of early restoration of durable peace, security and stability. It expressed PakistanÂ’s full solidarity and support for the historic endeavours of the Afghan people and government in this regard.
The DCC underscored the importance of Prime MinisterÂ’s forthcoming visit to Afghanistan, which will contribute to further broadening and deepening of comprehensive cooperation between the two brotherly Islamic countries.
Earlier in his opening remarks Prime Minister Syed Yousuf Raza Gilani welcomed the new Chairman of the Joint Chiefs of Staff Committee Gen Wynne and also wished Gen Kayani every success in his new term. He further appreciated the role of the Armed Forces and other organisations in the recent floods and lauded the role of all the three services for quickly responding to the call of National Disaster Management Authority in carrying out rescue and relief work.
The Prime Minister also lauded the role and contributions of the Armed Forces and the law enforcing agencies for successfully confronting the threat to internal security posed by terrorism. “Our success in meeting these challenges,” he said, “once again illustrates the tremendous resolve and resilience of the people of Pakistan and the strength of Pakistan’s institutions”.
Prime Minister said that being a peace loving country Pakistan was consistently striving for regional peace and stability but at the same time the country could not stay aloof to countryÂ’s defence for which the government and people of Pakistan were ready to render any sacrifice.
The Prime Minister said that despite best efforts, their quest for a just and durable peace in South Asia has so far proved elusive. “Indian Occupied Kashmir is again on the boil with indigenous resistance of Kashmiri people to Indian occupation,” he said and added that in these circumstance Pakistan would continue to follow its policy of extending full moral, diplomatic and political support to the Kashmiri brothers and sisters.
The Prime Minister said that while there are challenges, there are also tremendous opportunities. PakistanÂ’s domestic and external policies need to be crafted skilfully with a view to ensuring the protection and promotion of PakistanÂ’s national interests and the aggregation of PakistanÂ’s national strength.
“The multiplicity and the size of challenges to our national security,” he said, “demand that we may have to make a departure from our traditional thinking and look for out of box solutions and alternate strategies”. He reaffirmed that the nation has potential and resilience to face these challenges up front and come up to the aspirations of the people in the country.
The Prime Minister while briefing the participants of DCC on his recent visit to Dushanbe to participate in the Heads of Government meeting of the Shanghai Cooperation Organization (SCO) said that the essential purpose was to associate Pakistan with this important regional cooperative endeavour that holds not only great promise for the future of the peoples of our region but is also critical to global peace, security and prosperity. The most notable outcome of the meeting he said, was the decision to enable Pakistan, among other observers, to fully participate in the SCOÂ’s economic, trade and development agenda.
He referred to his meetings in Dushanbe with the heads of delegations including the President and the Prime Minister of Tajikistan, Prime Ministers of Russia, China and Kazakhstan as very useful and encouraging. He further gave details of his discussions with these leaders.
He also sought views of the participants of DCC on his upcoming visit to Afghanistan. Earlier, Secretary Interior, Secretary Foreign Affairs and Secretary Defence briefed the participants of the meeting on Internal Security issues, Foreign Policy contours and Defence related matters. It was felt that the capacity of law enforcement agencies has to be further improved while the foreign relations should focus on developing economic linkages.
The Prime Minister directed that the committee would meet once in each quarters of the year to deliberate on all facets of the national security as these are unabatedly under a constant flux. The Prime Minister reiterated the countryÂ’s commitment to safeguard the sovereignty and integrity of the state and for which each and every Pakistan was ready to willingly render highest sacrifice.
The meeting was attended by Defence Minister, Interior Minister, Finance Minister, Minister for Information and Broadcasting, Chairman Joint Chief of Staff Committee and the three services Chiefs.
Agencies add: The Defence Committee of the Cabinet while condemning the release of WikiLeaks diplomatic cables has said that the revelations attempted to harm the image of the country, reported a private TV channel, quoting its sources.

Pak-Iran gas deal is pipedream


NEW YORK – US Secretary of State Hillary Clinton has described the group of four countries – India, Brazil, Germany and Japan – as a ‘self-appointed frontrunnersÂ’ for a permanent seat in an expanded UN Security Council, according to classified documents released by WikiLeaks.
ClintonÂ’s cable, which was posted by The New York Times, gave directions to US diplomats to collect information on key issues, including the UN Security Council reform, which is stalled because of rivalries between countries and regions as well as difficult UN procedures.
Earlier this month, President Barrack Obama announced support for IndiaÂ’s bid for a permanent seat on the Security Council, which, at present, has five permanent veto-wielding members – Britain, China, France, Russia and the United Nations – and 10 non-permanent members elected for a two-year term. But most analysts said the process could take years.
The cable asked US diplomats to ascertain deliberations regarding the UNSC expansion among key groups of countries like ‘self-appointed frontrunnersÂ’ for permanent UNSC seats (Group of Four or G-4); Uniting for Consensus group – especially Mexico, Italy and Pakistan – that opposes additional permanent UNSC seats; African Group; and European Union, as well as key UN officials within the Secretariat and the UN General Assembly (UNGA) Presidency.
Meanwhile, Turkey kept India out of a meeting on Afghanistan that Ankara sponsored earlier this year to address Pakistan’s ‘sensitivities’, according to US secret documents released by WikiLeaks.
At a meeting with the US Under Secretary of State for Political Affairs, William Burns; Rauf Engin Soysal who then was the TurkeyÂ’s Deputy Under-Secretary for Bilateral Political Affairs responsible for the Middle East, South Asia and Africa; said Turkey had not invited India to the Afghan neighbours summit in deference to PakistanÂ’s sensitivities.
President Asif Ali Zardari and Afghan President Hamid Karzai met in Istanbul for a Turkish-sponsored talks to discuss cooperation against extremists in Afghanistan earlier this year.
“He (Soysal) said Turkey had not invited India to the neighbours summit in deference to Pakistani sensitivities; however, he said, Pakistan understands attempting to exclude India from the nascent South Asian regional structures would be a mistake,” says the confidential State Department cable dated February 25, 2010.
Soysal, a former Turkish Ambassador to the Pakistan from 2007 to 2009, and his countryÂ’s Special Representative for Afghanistan and Pakistan in September was appointment by the UN Secretary General, Ban Ki-moon, as the Special Envoy for Assistance to Pakistan.
“He (Soysal) reported Indian Prime Minister (Manmohan) Singh had requested (Turkish) President (Abdullah) Gul’s assistance with Pakistan during the latter’s visit to New Delhi the previous week.
Acting on that request, President Gul had phoned Pakistani President Zardari, who was sceptical of Indian intentions.
“Gul is planning to visit Pakistan later this year,” the cable said.
“Soysal said Iran is proposing a quadrilateral summit, which would include Turkey, Afghanistan and Pakistan, but that proposal had yet to generate enthusiasm,” it said.
Meanwhile, top Israeli and American officials discussed the impact of the possible downfall of then President Pervez Musharraf in August 2007 in a meeting on US efforts to reduce tensions between India and Pakistan, according to a State Department cable leaked by WikiLeaks.
The cable contained record of the meeting between Under Secretary of State for Political Affairs Nicholas Burns and Meir Dagan, then chief of Israeli spy agency Mossad on a wide range of issues, including the situation in South Asia.
The leaked cable shows Burns detailed US efforts to reduce tensions between India and Pakistan after the Mossad chief alerted the US about MusharrafÂ’s possible downfall.
“Dagan said that President Musharraf is losing control, and that some of his coalition partners could threaten him in the future. The key question, Dagan said, is whether Musharraf retains his commander-in-chief role in addition to his role as president,” the cable reported.
“If not, he will have problems. Dagan observed that there has been an increase in the number of attempts on Musharraf’s life, and wondered whether he will survive the next few years,” it said.
“Under Secretary Burns replied that South Asia has assumed vital importance in American foreign policy since September 11.”
“The US is committed to denying Afghanistan as a safe-haven for Taliban and Al Qaeda activity. The US (government) will continue to support Pakistani President Musharraf, and is seeking to boost his military defensive capabilities.”
Agencies add: According to the revelations made by the WikiLeaks, the crown prince of Abu Dhabi described President Asif Ali Zardari as ‘dirty but not dangerous’ and former prime minister Nawaz Sharif as ‘dangerous but not dirty’.
The revelation is part of a massive dump of more than 250,000 diplomatic cables by the Website WikiLeaks.
The cables provide candid and at times critical views of foreign leaders as well as sensitive information on terrorism and nuclear proliferation filed by US diplomats.
In July 2009, Abu Dhabi Crown Prince Mohammed bin Zayed, Deputy Supreme Commander of the UAE Armed Forces and de facto defence chief, said Zardari was ‘dirty but not dangerousÂ’. Former prime minister Nawaz Sharif was ‘dangerous but not dirty – this is PakistanÂ’. He said Nawaz Sharif, who heads the main opposition party to Zardari, could not be trusted to honour his promises.
According to leaks, a rail link between Iran and Pakistan would be delayed for the foreseeable future because of unrest from Baloch nationalists in both countries.
Likewise, a natural gas pipeline agreement between Iran and Pakistan, signed with great fanfare earlier this year, is unlikely to bear fruit anytime soon because ‘the Pakistanis don’t have the money to pay for either the pipeline, or the gas’.
Meanwhile, US intelligence believes Iran has obtained advanced missiles from North Korea that could strike Europe. The documents also show frustration among US diplomats who have been pressing for China to block shipments of missile parts from North Korea to Iran, BritainÂ’s Guardian newspaper reported.
US diplomatic cables include remarks from a source in 2009 saying that Iranian Supreme Leader Ayatollah Ali Khamenei has terminal cancer. The source, a non-Iranian businessman based in Central Asia and travelling often to Tehran, “has learned from one of his contacts that (former president Ali Akbar) Rafsanjani told him Khamenei has terminal stage leukemia and could die in a few months”, according to an August 2009 cable. The document says that Rafsanjani, a critic of Iranian President Mahmoud Ahmadinejad who has expressed sympathies with Iran’s reformist movement, decided on learning of Khamenei’s illness to start preparing himself to be a successor.
Leaked documents also revealed how US officials were ordered its officials to spy on the UN leadership. Britain’s Guardian newspaper said a State Department directive sent in July sought intelligence on UN Secretary General Ban Ki-moon’s ‘management and decision-making style’.
The government also asked for credit card numbers, email addresses, phone, fax and pager numbers and even frequent-flyer account numbers for UN officials, the daily added.
Israel discussed its planned war on Gaza with the Palestinian leadership and Egypt ahead of time, offering to hand them control of the strip if it defeated Hamas, US documents released by WikiLeaks showed.
The attempt to coordinate its devastating offensive against GazaÂ’s Islamist rulers was revealed by Israeli Defence Minister Ehud Barak whose remarks were included in a telegram sent in June 2009 by then deputy US ambassador Luis Moreno.
“He explained that the GOI (government of Israel) had consulted with Egypt and Fatah prior to Operation Cast Lead, asking if they were willing to assume control of Gaza once Israel defeated Hamas,” he said, referring to the Fatah party of Palestinian president Mahmud Abbas.

Qureshi urges international community to help Pak govt in war on terror

The international community should give political and economic support to the Pakistan Government in the war against terrorism that affects the whole world, Foreign Minister Shah Mahmood Qureshi has said. Qureshi made these comments during a bilateral meeting with Singapore’s Foreign Minister George Yeo at his office on Monday, the Daily Times reports. The two [...]

Citigroup to move Asia-Pacific co-CEO to Singapore

Citigroup Inc. will move its co- chief executive officer for the Asia-Pacific region, Shirish Apte, to Singapore from Hong Kong to oversee operations in South Asia.

Apte, 57, will continue to have responsibility for Australia, India and the ASEAN countries, Citigroup CEO Vikram Pandit said in a memo to employees that was obtained by Bloomberg News. Citigroup spokesman Richard Tesvich confirmed the document’s contents, declining to comment further.

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Kreuz +1.2%; Wins $8.1m subsea contract

Kreuz Holdings (5RK.SG) +1.2% at $0.440 vs $0.435 midday after subsea service provider for oil, gas industry, owned by Swiber (AK3.SG), announces Letter of Intent for subsea installation contract worth US$6.2 million ($8.1 million), signed with “leading offshore construction company…in the South Asia region.”

Work comprises subsea transportation, installation works, scheduled for completion 2Q11. CEO says this second contract win since SGX listing in July, orderbook at US$115 million as of November 11. Shares have fallen 13% since company Friday posted 3Q net profit +1.2% on-year at US$937,000.

Last order for US$7.6 million — won on Oct 6 — saw stock rise 5.6% in high volume of 27 million shares; more muted reaction likely today in generally low volume market (1.2 million Kreuz shares traded); indeed, orderbook suggests further upside unlikely, $0.450 firm near-term cap. Further out, $0.515 post listing high — touched 3 times — likely medium term resistance.

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Swiber says 3Q net profit fell 51.3% to $10.3m

Swiber Holdings, the integrated construction and support services provider to the offshore oil and gas industry, today reported a 27.5% increase in revenue to US$122.4 million ($157.7 million) for the three months ended September 30, 2010 (3QFY2010), as the group recognised contributions arising from the projects awarded to the group since November 2009, concentrated in South East Asia and South Asia.

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Army to decide timing of NWA op


LAHORE – Foreign Minister Shah Mehmood Qureshi said here on Sunday that 34,000 troops had been deployed in North Waziristan Agency, a clear indication that an army operation was on the cards, whose timing and strategy however, would be decided by Pakistan.
“We are making headway systematically. We have our own timing and priorities. We are holding talks on NWA operation. We have taken some action in tribal areas”, the minister said at a news conference at the State Guest House.
He had returned from the United States early in the morning after completing strategic dialogue with the United States, which he said was a great success from PakistanÂ’s perspective.
The minister said the army would decide the timing of operation against the Haqqani network.
He said in his talks with the US authorities he had dispelled the impression about PakistanÂ’s lack of seriousness in war against terror. He said he had told his hosts that some 30,000 people, including 7,000 security personnel, had laid down their lives in the terror war, while less than 7,000 casualties had been suffered by NATO forces collectively.
“What else is seriousness”, the minister asked, urging the US authorities to stop doubting Pakistan’s commitment.
He said he told the US authorities that in case the two countries had ‘honest disagreements’, each side should try to make the other understand its point of view, without levelling any allegation”.
Answering a question, the minister said the Pakistan-Iran gas pipeline did not come under discussion. Pakistan, he said, had already signed an agreement with Iran and was also trying to get gas from other sources to meet its demands, which was sufficient to clarify IslamabadÂ’s position on the project
In response to another question, the foreign minister said the US should play its role for the solution of the Kashmir dispute, just in the manner it had done for the Indus Water Treaty between the two nuclear neighbours.
Although the US maintained that it would play any role only when both the countries approached it, Mr Qureshi said Pakistan thought that the US was in a position to mediate for peace in South Asia, which was not possible unless the Kashmir dispute was settled.
He said he had raised the Kashmir issue with his Indian counterpart SM Krishna when he visited Islamabad a few months ago. The matter would again be taken up when he (Shah Mehmood) would be visiting New Delhi, he stressed.
According to him, he had raised the Kashmir dispute during his address to the UN General Assembly, a move, which he claimed, was praised by APHC leaders, including Syed Ali Geelani, Mir Waiz and Yasin Malik.
About the possibility of US cooperation with Pakistan in the field of civil nuclear technology, he said, he had placed IslamabadÂ’s case before the US authorities. He said the US had been told that Pakistan should not be discriminated against in this field. The minister did not indicate any positive response from the other side.
He told a questioner that President Obama would visit Pakistan next year. The visit would be exclusive, planned and focused, he said, implying that it would not be like the one paid by then president Clinton during the Musharraf rule, when the US president spent some days in India and only a few hours in Islamabad.
The minister was happy over cooperation Pakistan would get in the field of defence. However, he did not give details.

Moily to inaugurate two-day RTI convention in Delhi

Union Minister of Law and Justice, Veerappa Moily will inaugurate the two-day fifth Convention on the Right To Information (RTI) here today. The theme of the convention is “RTI: Challenges and Opportunities”. The Central Information Commission has been organizing this annnual convention every year since 2006. Minsiter of State for Communication and Information Technology, Sachin [...]

Societe Generale Private Banking – Corporate moves

Olivier Gougeon has been appointed CEO, South Asia wef Sep 1
Work experience: Deputy MD, SGPB Hambros Bank and Trust, Bahamas; global head, wealth planning and fiduciary services, Societe Generale Private Banking

SocGen changes Singapore private bank CEO after ‘anomalies’

Societe Generale SA, France’s second-largest bank, changed the head of its private-banking unit in Singapore, seven months after finding “anomalies” at a client account there.

Societe Generale named Olivier Gougeon as chief executive officer of private banking for South Asia, succeeding Pierre-F. Baer, the Paris-based bank said today. Gougeon, 44, moves from London to Singapore while Baer “will be taking up a new role” within the company, the company said.

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Swiber Holdings posts 25.3% fall in 2Q net profit to $19.4m

Swiber Holdings, the integrated construction and support services provider to the offshore oil and gas industry, today reported it posted a 25.3% decline in net profit to US$14.3 million ($19.4 million) for the three months ended June 30, 2010 (2QFY2010) on the back of a revenue of US$106.8 million.

Revenue remained relatively stable at US$106.8 million in 2QFY2010 as compared to US$110.8 million in 2QFY2009. The group recognised contributions arising from projects carried out in South East Asia and South Asia.

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Vaseline Skin-Lightening Facebook Application Sparks Debate

Vaseline is making it easier to make yourself fairer on Facebook. However, the brand’s new face-whitening application in India has sparked an online controversy and pushed the issue of skin color out into the spotlight.Vaseline has made a new application for users on Facebook to promote its fairness cream for men. What is more interesting [...]

InfoPrint Solutions Company – Corporate moves

Rohan Vaidya has been appointed GM, Asia Pacific South wef June 2010
Work experience: Sales manager, ASEAN/South Asia, InfoPrint Solutions Company; held various positions in CMS Computer and Xerox

Pak needs to learn from Chinese experience: Zardari


ISLAMABAD – President Asif Ali Zardari underlined the need to learn and follow the growth and development of China, saying that mutuality and convergence of interests should be fully utilised.
“There is a lot for Pakistan to learn from the Chinese experience of development and growth,” the President said while talking to a high-powered Chinese Delegation under Deputy Prime Minister Shang Dejiang.
According to an official handout, the President appreciated Chinese proactive role in socio-economic development and strategic stability of Pakistan. Reiterating that the region was facing a common challenge of militancy and extremism, he also lauded Chinese support for Pakistan in war against terrorism.
At the same time, the President found it necessary to reiterate that the democratic Government in Pakistan was committed to curb menace of militancy and extremism at any cost.
Earlier, the President conferred Hilal-i-Pakistan on the Chinese Deputy Prime Minister during a special ceremony at the Presidency.
“In recognition of his outstanding services towards promoting bilateral friendly relations between Pakistan and China, the President of the Islamic Republic of Pakistan is pleased to confer the award of Hilal-i-Pakistan on Zhang Dejiang,” according to a citation read on the occasion.
Besides thanking for the honour conferred on him, the Chinese Vice-Premier conveyed greetings from his President Hu Jintao to Zardari and extended an invitation to the President to visit China. Zhang Dejiang said that China valued its friendship with the Government and the people of Pakistan and would continue to provide every possible assistance.
Meanwhile, the visiting Chinese delegation also held a separate meeting with Prime Minister Syed Yousuf Raza Gilani, who observed that Pakistan-China friendship was a factor of peace and stability for the region and welcomed the Chinese support for peace and stability in South Asia.
During one-on-one meeting with the Chinese Vice-Premier Zhang Dejiang prior to bilateral talks here this evening at PMÂ’s House, the Prime Minister thanked China for its steadfast support and solidarity.
The Prime Minister said Pakistan would never allow any extraneous factors to affect this vital relationship. He appreciated the Chinese assistance in construction of infrastructure projects particularly extension of credit in setting up of Chashma Nuclear Power Plants to overcome energy shortage. He hoped that this cooperation would further expand.
Chinese Vice Premier told Gilani that Pakistan occupied an important place in the Chinese foreign policy and Beijing valued its partnership with the Government and the people of Pakistan.
Later, Pakistan and China have signed five agreements on Concessional Loan for PAKSAT I-R Project, Cooperation in Port Construction and Port-Management-Training, Cooperation in Information Technology, China-Pakistan Cable System Construction and Maintenance Agreement and Contract Agreement for Engineering, Procurement and Construction of Works for the Darawat Dam Project.
These agreements were signed at an impressive ceremony held at the PMÂ’s House in the presence of the Prime Minister Syed Yousuf Raza Gilani and the visiting Chinese Vice Premier Zhang Deijang.

Swiber off 1%; but orderbook may exceed US$1b, says CIMB

Swiber (AK3.SG) is off 2.0% at $0.985, not spared from broad market rout (STI down 2.5%) despite winning US$618 million ($871 million) contract with consortium partner to set up platforms for oil & gas operator in South Asia. Still, light volume indicates selling not widespread, says Dow Jones.

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