US President Barack Obama and his Pakistani counterpart Asif Ali Zardari met shortly on Monday on the sidelines of the NATO summit, but made no progress towards resolving their diplomatic standoff over land route for allied forces battling in Afghanistan. Pakistan’s hard stance on resumption of supplies for foreign forces threatened to outshine the American […]
Yahoo, Inc. has finally made the decision of selling its stake in Alibaba Group. The roots of the decision could be found to end up at the new Interim Yahoo CEO Ross Levinsohn. It was a long awaited choice that many experts had been suggesting for the beleaguering company. Now that it has been made […]
May 21 2012 | Posted in
Business,
Sci-Tech |
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At the minimum price, and assuming the repurchase of half of Yahoo’s stake, the company would receive $7.1 billion, including $6.3 billion in cash and up to $800 million in new Alibaba preferred stock. Meanwhile, the deal sets up a “framework” for Yahoo to “monetize its remaining interest in Alibaba in stages…” …At the time […]
May 21 2012 | Posted in
Business,
Sci-Tech |
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Following a six-month blockade of NATO supplies, first shipment of four containers of office supplies for American Embassy in Kabul crossed into Afghanistan from Pakistan via Torkham border. A media report quoting senior official said that Pakistani government had never put bar on the transportation of supplies for the diplomatic missions. He clarified that ban […]
PML-N chief Nawaz Sharif reiterated his stance about Prime Minister Syed Yousaf Raza Gilani, saying they do not accept him as premier and would not allow the appointment of Chief Election Commissioner (CEC) as per the wishes of the government. While an interview, the PML-N chief said the incumbent could not bear the opposition’s demand […]
Lamb of God want to spread their music to every inch of the globe if they can, and their latest journey will take them to a place that many American rock bands haven’t been before — the Gaza Strip. MetalInjection.net reports that the group is taking along an award-winning film production company and will document […]
May 18 2012 | Posted in
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Former Pakistan’s ambassador to the United States, Hussain Haqqani refused to return home, saying that such a scenario was not possible until the atmosphere cooled for him. While interviewing to CNN he stated, “I will not go back to Pakistan for the moment. Purely because there are elements there who have been threatening my life”. […]
President Asif Ali Zardari is unlikely to meet US President Barack Obama on the sidelines of annual NATO summit in Chicago. According to the media reports, Tom Donilom, the Nation Security Advisor to Barack Obama said the Pakistani president will attend the Chicago summit, with a final deal apparently close on reopening crucial NATO supplies. […]
Iran rejects Western pressures over its nuclear activities and will never give up its rights, Tehran’s chief nuclear negotiator said Thursday ahead of crunch talks with world powers in Baghdad next week. “If we participate in the negotiations… it is because of our resistance (to Western powers). Thanks to our resistance, we have defended the […]
May 17 2012 | Posted in
World |
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In quite an expected move, the US Department of Defense officials have indicated that there might not be any official apology on the Salala incident by the United States (US). The statement comes at a time when many in Pakistan were anticipating for a breakthrough in the bilateral ties between Pakistan and the US after […]
May 17 2012 | Posted in
Pakistan |
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Prime Minister Syed Yousaf Raza Gilani said the incumbent will make all crucial decisions, including restoration of land route for NATO forces, keeping Pakistan’s national interests into account. While addressing the federal cabinet, PM Gilani said that the government had not made compromised on its principle stances and will not do so in the future. […]
Pakistan has been holding out on resuming NATO’s supplies until an unconditional apology was given for the Salala attack. However, no one knows it would take us to change our minds after being refused an invitation to a NATO summit in Chicago. The decision to allow the allied forces the use of the land route […]