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Reckoning with the Challenges As far as economy is concerned, it is in tatters now . Chances of aid from abroad are not very bright. So basically we have to fare on our own. But there are constrains. Only losses in Sindh are being estimated at around Rs500-600bn. The same position goes with other provinces. Roughly flood losses would reach to the amount of total budget outlay of FY11 ie around Rs3 trillion (nearly $35-45bn). In response, receipts on domestic (tax or other revenue receipts) are likely to go down to worrisome levels. ... |
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Qaeda Plots in West They point to investigations into suspected conspiracies uncovered in the past 18 months in the United States, Norway and Britain, which law enforcement officials say were directed by a group of operatives in the core leadership's bases in Pakistan. ... |
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Enough is enough Since the start of September the country has witnessed worst carnage, particularly in the Khyber Pakhtunkhwa province. The latest attack at police barracks in Kohat around Iftari time can be termed 'crossing all the limits'. Now people of Pakistan have a right to say enough is enough and demand declaring a full-scale war against the militants. ... |
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Continental recalling pilots sent on furlough HOUSTON: Continental Airlines Inc is recalling 132 pilots who were furloughed in 2008, saying it needs them to offset retirements and handle an increase in international flying. Continental spokeswoman Julie King said the additional pilots would cover the company's needs over the next 18 months. ... |
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Pakistan to take advice from World Tourism Org ISLAMABAD: The World Tourism Organisation would be urged to help Pakistan revive its tourism sector, which among many others, suffered massive devastation in the recent flooding across the country.
Leading tour operators, whose businesses have been ruined due to floods, have urged the Ministry of Tourism and Pakistan Tourism Development Corporation (PTDC) to approach the world body for seeking help to restore tourism industry in the country. ... |
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Emirates to touch Medinah everyday KARACHI: Emirates will increase services to Al Medinah al Munawarah to seven flights per week from October 31, 2010 underscoring the important economic and cultural ties with Kingdom of Saudi Arabia.
A statement here said that the airline remains committed to the Kingdom with a total of 25 flights per week operating through its four gateways. ... |
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BA-Iberia M&A shows Asian airlines on buyers radar BEIJING: The acquisition plan outlined by British Airways and Iberia aims to land in Asia, with several viable companies waiting at the end of the runway.
BA-Iberia have earmarked Asia as a key region for expansion once their own merger completes, though restrictions on foreign investment could narrow their range of acquisition targets. ... |
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Etihad Crystal delivers aid cargo KARACHI: Etihad Crystal Cargo’s inaugural flight, the new A330-200 freighter, carrying 59 tonnes of humanitarian aid arrived here at the Jinnah International Airport, Karachi.
It was a special charter flight carrying medical and humanitarian supplies, especially for the flood victims in Pakistan, following heavy monsoon rains which hit the country in late July causing severe flooding throughout the provinces... ... |
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Bank of India loans to airlines under Rs40bn MUMBAI: State-run Bank of India's (BoI) loan exposure to air carriers does not exceed 40 billion rupees, Executive Director M Narendra told reporters on Wednesday.
The bank's FY11 credit growth so far was 21 per cent, Narendra said on the sidelines of a FICCI conference ... |
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Hawaiian Airlines Aug traffic rises 14.3pc HONOLULU: Hawaiian Airlines said that its August traffic jumped 14.3 per cent, pushing occupancy on its planes up to 88 per cent. The Honolulu-based airline flew 840.1 million revenue passenger miles up from 734.8 million in August 2009. A revenue passenger mile represents one paying passenger flown one mile. Capacity rose 11 percent to 954.5 million available seat miles, from 860.1 million a year earlier. ... |
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