Israel increases defence Budget by $700 million

Israeli premier Benjamin Netanyahu announced on Sunday an increase of nearly $700 million in the defence budget, after saying last year that he would cut military spending to finance social reforms.

Written on January 10, 2012 | Posted in Social, UN, budget, cia, defence, israel, military, unlmitie | Leave a comment

EU leaders agree fiscal pact, falter on treaty change

BRUSSELS: EU leaders agreed stricter budget rules for the euro zone on Friday, but failed to secure changes to the

Written on December 9, 2011 | Posted in News, US, ad, budget, rules | Leave a comment

Greece passes austerity budget after street clashes

ATHENS: Greece s coalition government on Wednesday passed an austerity 2012 budget aimed at shrinking its debt mou

Written on December 6, 2011 | Posted in International, News, US, budget | Leave a comment

BJP Legislator stages walk-out over discrimination in Jammu Kashmir Assy

Jammu, Mar 16 : BJP Legislator today staged walk-out during the ongoing Budget Session alleging discrimination over development in his …

Written on March 16, 2011 | Posted in budget, ngo, unlmitie | Leave a comment

Pak Govt unveils 120-bn-rupee 'mini-budget' to meet IMF conditionalities

The Pakistan Government has introduced a 120-billion-rupee 'mini-budget' through presidential ordinances, envisaging 53 billion rupees of additional taxes on income, imports, agriculture and …

Written on March 16, 2011 | Posted in Pakistan, ad, budget, import, unlmitie | Leave a comment

Govt announces mini-budget

The government Tuesday announced the mini budget through a presidential ordinance as it imposed 15 per cent flood surcharge

Written on March 16, 2011 | Posted in UN, budget, unlmitie | Leave a comment

Pak army’s role limited to defence in country’s interest: Saad

LAHORE: Pakistan Muslim League-N MNA Khwaja Saad Rafique has said that Pak Army’s role if remains restricted to defence, would be in the larger interest of the country, nation and the army, Geo News reported Monday. Khwaja Saad Rafique said this in a handout issued from PML-N media cell in response to the statement of Army spokesman Maj Gen Athar Abbas today. Maj Gen Athar Abbas said that the usage of funds in civilian departments should be streamlined instead of criticizing the defence budget. He said that several agencies from some hostile countries have been working to create the gap between the army and public. Anti-Pakistan elements are trying to prove that army is a burden on the national development by criticizing the armed forces. He said that under well-planned conspiracies, misleading propaganda is being proliferated about the high expenses of Pakistan Army. He said that to ascertain the size of the army is also government’s job. Army has to prepare itself according to defence capabilities of the enemy. No army in the world can disclose its development budget to the public, he said.“If civilian government consider that they could diminish the perils through negotiation with India, then the reduction in army could be taken place”, he added. Khwaja Saad Rafique some points of the Pak army are not acceptable to the pro-democratic people. “It is a job of the parliament and not the Army to assess the budget allocation and its use for the civilian departments,” he added. He said professional and strong Army was Pakistan’s need, it still is and will always be, but the role of the Army and its budget allocation cannot exempted from criticism. “A handful of authoritative generals caused greater damage to the state of Pakistan and the Army than the foreign foes,” Khwaja Saad Rafique asserted. He said that each Army rule only broadened the rift between the national and the Army.

Written on March 14, 2011 | Posted in 2011, News, Pakistan, Politics, Propaganda, UN, US, USA, ad, aid, army, budget, defence, india, lahore, media, pta, uth | Leave a comment

Pak's defence budget pales in comparison to India's, says spokesman

Pakistan Army spokesman Major General Athar Abbas has said his country is allocating only four billion dollars to defence whereas India's defence budget is 36 billion …

Written on March 14, 2011 | Posted in Pakistan, UN, aid, army, budget, defence, india, unlmitie | Leave a comment

Huge tsunami kills hundreds in Japan, sweeps across Pacific

TOKYO: The biggest earthquake on record to hit Japan rocked the northeast coast on Friday, triggering a 10-metre tsunami that killed hundreds of people and swept away everything in its path, including houses, ships and cars. The Red Cross in Geneva said the wall of water was higher than some Pacific islands and a tsunami warning was issued for almost the entire Pacific basin, although alerts were lifted for some countries, including Taiwan, Australia and New Zealand. Up to 300 bodies were found in the coastal city of Sendai, media said. NHK television said the victims appeared to have drowned. The extent of the destruction along a lengthy stretch of coastline suggested the death toll could rise significantly. Some 3,000 residents living near a nuclear plant in Fukushima prefecture, north of Tokyo, were told to evacuate but the government said no radiation was leaking. It said the evacuation was a precaution after a reactor cooling malfunction. Other nuclear power plants and oil refineries were shut down after the 8.9 magnitude quake, while one refinery was ablaze. A major explosion hit a petrochemical complex in Miyagi prefecture after the quake, Kyodo said. Political leaders pushed for an emergency budget to help fund relief efforts after Prime Minister Naoto Kan asked them to “save the country”, Kyodo news agency reported. Stunning TV footage showed a muddy wall of water carrying cars and wrecked homes at high speed across farmland near Sendai, home to one million people and which lies 300 km (180 miles) northeast of Tokyo. Ships had been flung onto a harbour wharf, where they lay helplessly on their side. The quake, the most powerful since Japan started keeping records 140 years ago, sparked at least 80 fires in cities and towns along the coast, Kyodo news agency said. A ship carrying 100 people had been swept away by the tsunami, Kyodo said. One train was unaccounted for. In Tokyo, residents who had earlier fled swaying buildings jammed the streets trying to make their way home after much of the city’’s public transportation was shut down. Electronics giant Sony Corp , one of the country’’s biggest exporters, shut six factories, as air force jets raced toward the northeast coast to determine the extent of the damage. The Bank of Japan, which has been struggling to boost the anaemic economy, said it would do its utmost to ensure financial market stability as the yen and Japanese shares fell. “I was terrified and I”m still frightened,” said Hidekatsu Hata, 36, manager of a Chinese noodle restaurant in Tokyo, where buildings shook violently. “I”ve never experienced such a big quake before.” The tsunami alerts revived memories of the giant waves which struck Asia in 2004. The Pacific Tsunami Warning Center issued alerts for countries to the west and across the Pacific as far away as Colombia and Peru. The earthquake was the fifth most powerful to hit the world in the past century. There were several strong aftershocks. In Tokyo, there was widespread panic. An oil refinery near the city was on fire, with dozens of storage tanks under threat. Around 4.4 million homes were without power in northern Japan, media said. “People are flooding the streets. It’’s incredible. Everyone is trying to get home but I didn”t see any taxis,” said Koji Goto, a 43-year-old Tokyo resident. NHK television showed flames and black smoke billowing from a building in Odaiba, a Tokyo suburb, and bullet trains to the north of the country were halted. Thick smoke was also pouring out of an industrial area in Yokohama’’s Isogo area. TV showed residents of the city running out of shaking buildings, shielding their heads with their hands from falling masonry. TV footage showed boats, cars and trucks tossed around like toys in the water after a small tsunami hit the town of Kamaichi in northern Japan. An overpass, location unknown, appeared to have collapsed and cars were turning around and speeding away. “The building shook for what seemed a long time and many people in the newsroom grabbed their helmets and some got under their desks,” Reuters correspondent Linda Sieg said in Tokyo. “It was probably the worst I have felt since I came to Japan more than 20 years ago.” The U.S. navy said its ships had been unaffected by the tsunami and were ready to provide disaster relief if needed. China offered to provide earthquake relief. The quake struck just before the Tokyo stock market closed, pushing the Nikkei down to end at a five-week low. Nikkei futures trading in Osaka tumbled as much as 4.7 percent in reaction to the news. The disaster also weighed on markets elsewhere. GREAT KANTO QUAKE The quake surpasses the Great Kanto quake of Sept. 1, 1923, which had a magnitude of 7.9 and killed more than 140,000 people in the Tokyo area. The 1995 Kobe quake caused $100 billion in damage and was the most expensive natural disaster in history. Economic damage from the 2004 Indian Ocean tsunami was estimated at about $10 billion. Passengers on a subway line in Tokyo screamed and grabbed other passengers” hands during the quake. The shaking was so bad it was hard to stand, said Reuters reporter Mariko Katsumura. Hundreds of office workers and shoppers spilled into Hitotsugi street, a shopping street in Akasaka in downtown Tokyo. Crowds gathered in front of televisions in a shop next to the drugstore for details. After the shaking from the first quake subsided, crowds watched and pointed to construction cranes on an office building up the street with voices saying, “They”re still shaking!”, “Are they going to fall?” Japan’’s northeast Pacific coast, called Sanriku, has suffered from quakes and tsunamis in the past and a 7.2 quake struck on Wednesday. In 1933, a magnitude 8.1 quake in the area killed more than 3,000 people. Earthquakes are common in Japan, one of the world’’s most seismically active areas. The country accounts for about 20 percent of the world’’s earthquakes of magnitude 6 or greater.

Written on March 11, 2011 | Posted in 2011, Economy, ISI, International, News, UK, UN, US, War, ad, ads, aid, australia, ban, budget, call, cars, china, cia, drugs, earthquake, export, footage, india, media, new zealand | Leave a comment

Talks with IMF: govt agrees to hike power price by 2pc

ISLAMABAD: The government has agreed to hike price of power by 2 percent and to enforce 15 percent flood surcharge during the talks with IMF. During the third round of talks with IMF in Islamabad, government agreed to enforce flood surcharge from April 1, finance ministry sources said. The government also agreed to increase excise duty from 1pc to 2.5pc and to pass Reformed General Sales Tax (RGST) in upcoming budget.

Written on March 9, 2011 | Posted in 2011, Politics, UN, ad, aid, budget, imf, islam, islamabad | Leave a comment

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