Islamabad—The Executive Board of National
Highway Authority met here under Chairman NHA,
Altaf Ahmed. Ch and approved several important
construction projects, including construction of
Peshawar Northern Bypass, the award of contract
for improvement and widening of National Highway
(N-5) from Bahawalpur Chowk to Vehari Chowk,
PC-1 for construction of Flyover near Khairpur
and launching of Emergency Radio Calling System
on Islamabad-Lahore Motorway (M-2).
Tokyo—Ailing
Japan Airlines will restructure itself under a
state-backed corporate turnaround firm whilethe
government mulls a special law to cut the
carrier’s high pension payouts, reports said
Sunday. The Japanese government, which will
announce a turnaround plan for JAL by the end of
this week, will also consider an injection of
public funds after the plan is finalised, the
Nikkei business daily reported without citing
sources.
London—Britain’s banks are resisting
government proposals to publish the pay and
bonuses of their biggest earners, saying the
move could turn London into a “financial
backwater”. They claim the plans by Sir David
Walker, the City grandee heading the
government’s banking review, could lead to
“ill-informed” public reaction.
Hyderabad—Advisor to Sindh Chief Minister
Sharmila Farooqui has said that Sindh Government
is actively working for the establishing Sindh
Bank and hopefully it would materialize by the
end of this year.
Beijing—China will
maintain a weak yuan until its export sector has
recovered from the global crisis, prioritising
concerns at home despite growing pressure from
its major trading partners, analysts say. The
United States and European Union have been
pushing China to let the yuan fluctuate, but
their calls have so far fallen on deaf ears as
Beijing is focused on creating enough jobs to
avert social unrest, they said. “Their focus is
domestic issues, not foreign issues,” Ben
Simpfendorfer, a Hong Kong-based economist at
the Royal Bank of Scotland, told AFP.
