Deficits pose big challenge, warns SBP

The State Bank of Pakistan. — File Photo KARACHI: The State Bank kept the policy interest rate unchanged at 12 per cent on Saturday, saying the real challenge lay in financing the fiscal and external current account deficits. The Governor of SBP, Yaseen Anwar, explained the difficulties being faced by economy as well as problems in monetary management during a media briefing where he announced the monetary policy for the February-March period. The SBP expects the average inflation in 2011-12 (FY12) to range between 11 and 12 per cent, implying an uptick during the second half of the current fiscal. The central bank chief said inflationary pressures had not eased significantly. There were indications of underlying inflationary...

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CPAC Straw Poll Results 2012: Mitt Romney Wins Conservative Vote

WASHINGTON -- Former Massachusetts Gov. Mitt Romney won the Conservative Political Action Conference straw poll on Saturday, a major symbolic victory as he tries to convince Republicans that he is sufficiently conservative to win the GOP nomination.Romney won 38 percent of the CPAC straw poll votes, with former Pennsylvania Sen. Rick Santorum coming in second at 31 percent. Former House Speaker Newt Gingrich (R-Ga.) picked up 15 percent of the votes and Rep. Ron Paul (R-Texas), who won the straw polls in 2010 and 2011, received only 12 percent of the vote. The result came despite what has been a weaker conservative response to Romney than Santorum, who has little to prove as a conservative and Catholic who has strong evangelical support. Romney needed to fight against accusations...

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‘Even Milan said we were the better side’

Arsène Wenger has called on his side to deliver a repeat performance of their historic 2-0 win at AC Milan when they face the Italian giants on Wednesday. Late goals from Cesc Fabregas and Emmanuel Adebayor secured victory for Arsenal in 2008 as they became the first English club to beat the Rossoneri at the San Siro. Wenger remains fiercely proud of that performance and says his current crop also have the quality to secure another famous away European result.  “I felt it was such a great night because we stayed faithful to our game and played without complexity,” he said. “I remember that even Milan said the better team won. So let's keep that in our memory and repeat the same performance. “We have had quite a few good performances...

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Three dead in Sunni-Alawite clashes: Lebanon security

Lebanese Sunni militants of “Ansar”, supporters of the anti-Syrian opposition pose while securing an alley in the neighbourhood of Baba al-Tabbaneh in the coastal city of Tripoli north of Lebanon on Saturday. – Photo by Reuters TRIPOLI: Three people died and 23 were wounded during fierce clashes on Saturday between Lebanese Sunni Muslims hostile to Syria’s regime and Alawites who support it, a Lebanese security official said. “A Sunni and an Alawite were killed and 23 people were wounded in clashes that continued since Friday between people from the neighbourhoods of Jabal Mohsen and Bab al-Tebbaneh” in the northern city of Tripoli, the official told AFP. A 17-year-old girl died of her wounds later. Ten soldiers were among...

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Pentagon says that NATO supplies from Pakistani airspace never stopped

Pentagon says that the air supply routes for NATO forces in Afghanistan were never closed by Pakistan. Pentagon press secretary, George Little during a briefing Thursday said "only ground lines of communications were closed following the November 26 incident" adding that these ground routes had not been reopened yet. "We are hopeful that they would be reopened soon," he observed while conceding that it is a decision for the Pakistani government to make. " Pakistan had closed down these routes in protest after the November 26 NATO airstrikes on Salala check-post in Mohmand Agency that killed 24 Pakistani soldiers”. It may be mentioned here that following the closure of ground supply routes from Pakistan, United States has shifted...

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HUM TV ---Drama Serial Humsafar Episode 20 -WATCH FULL EPISODE

Watch drama serial Humsafar Episode no. 20 of Hum Tv below Promo of Hum tv Drama serial Humsafar Episode ...

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Aishwarya Rai glows at Riteish-Genelia wedding reception

While Abhishek attended the couple’s wedding, the new mom accompanied her parents-in-law to the reception The wedding reception of Riteish Deshmukh and Genelia D’souza was attended by the who’s who of B-town, but the one guest we were glad to see was Aishwarya Rai Bachchan. The new mom looked gorgeous in her blue-and-green churidar kurta. All you Ash fans will definitely agree that we’ve not seen much of her since we found out about her pregnancy. She hardly ever stepped out in public, except for Sanjay Dutt’s Mata Ki Chowki, where she covered her baby bump with a red puja cloth, and to various Durga pujas, where she wore enveloping flowing garments. After the baby was born in mid-November, she attended a press conference organised by husband...

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