Pakistan Today

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Europe may dash Barack Obama’s 2012 hopes

Libya elects new interim prime minister

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The inevitable ignominy: It’s still good for Pakistan cricket

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pakistantoday.com.pk

Vol ii no 129 32 pages lahore edition

Wednesday, 2 november, 2011 Zul-Haj 5, 1432

Action AgAinst militAnts

Move beyond words, Afghanistan tells Pakistan g

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Karzai rules out peace talks with Taliban until he knows how to contact them Zardari says Pakistan looking forward to working closely in partnership

ISTANBUL

A

AGENCIES

FgHANISTAN urged Pakistan on Tuesday to “move beyond words” and take concrete steps to curb Islamist militants which it said were a threat to both countries, as Islamabad said it had been looking forward to working closely in its partnership with Kabul to ensure peace, security, stability and development in Afghanistan. The two neighbours were holding their first talks since the assassination in September of the chief Afghan peace negotiator Professor Burhanuddin Rabbani. The meeting, hosted by Turkey, aims to heal a rift that is undermining prospects of ending the Afghan war. Afghan President Hamid Karzai and his Pakistani counterpart Asif Ali

Zardari met along with Turkish President Abdullah gul, while their army chiefs consulted ahead of an international conference on Afghanistan on Wednesday. Karzai again ruled out peace talks with the Taliban until he knew how to contact the insurgent group, saying that until then Afghanistan would talk only to Pakistan. “We cannot keep talking to suicide bombers, therefore we have stopped talking about talking to the Taliban until we have an address for the Taliban ... until that day we have said we will be talking to our brothers in Pakistan to find a solution to the problem that we have,” he said at a press conference following the summit. Karzai’s comments suggested the two countries were far from resolving their differences. Continued on page 04

Pakistan to forfeit final IMF loan tranche WASHINGTON AGENCIES

Pakistan will not take up the final $3.7 billion tranche of an International Monetary Fund (IMF) loan package after rejecting strict reform demands, the Financial Times said in a report on Tuesday. Finance Minister Abdul Hafeez Shaikh told the daily that the IMF conditions were too tough and the government would instead pursue a homegrown reform programme, adding that the “resilient” economy did

not need IMF help. The Washingtonbased fund bailed out Pakistan with an $11.3 billion loan package launched in November 2008 as the country faced 30-year-high inflation rates and fastdepleting reserves, as well as a deadly insurgency. But the IMF earlier this year indicated it was unsatisfied with Islamabad’s progress in dealing with its chronic fiscal problems and introducing promised structural reforms. “Inflation remains persistently high, and budgetary problems are undermining macroeconomic stability,”

it said in May. An IMF spokesman declined to comment on the Financial Times report, but said that the standby facility had expired on schedule on September 30. The fund has paid out two-thirds of the loan package, with the latest installment disbursed in May 2010. Three months later the country was hit by the worst floods in its history, which led to a separate emergency aid payment of $450 million. Since then however, the IMF and Pakistan have been at odds over fiscal management.

Pakistan cricketers Salman Butt and Mohammad Asif were found guilty Tuesday of fixing parts of a Test against England in a case that has thrown the credibility of the international game into doubt. Former Test captain Butt, 27, and fast bowler Asif, 28, face jail after a court in London convicted them of deliberately bowling three no-balls during the Lord's Test in August 2010 as part of a "spot-fixing" betting scam. Prosecutors alleged Butt and Asif conspired with British agent Mazher Majeed and Pakistan fast bowler Mohammad Aamer to

bowl the no-balls as part of a plot that revealed "rampant corruption" at the heart of international cricket. Butt faces up to seven years in prison jail after the jury at Southwark Crown Court convicted him of conspiracy to obtain or accept corrupt payments, and conspiracy to cheat at gambling. Asif faces up to two years in jail after he was found guilty of conspiracy to cheat, and the jury also decided that he was guilty of the second charge. They are expected to be sentenced later this week.

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