Michael's Feed
Mar 6, 2013

Pakistan in critical balance of payments situation, may need $9 bln-ADB

ISLAMABAD, March 6 (Reuters) – Pakistan has reached a
critical balance of payments situation and will need another
package from the International Monetary Fund before the end of
the year to avert a crisis, one of the biggest lenders to the
country said on Wednesday.

The Asian Development Bank’s country director, Werner
Liepach, also told Reuters in an interview Pakistan will need up
to $9 billion from the IMF to shield the economy.

Mar 6, 2013

Pakistan in critical balance of payments situation, may need $9 billion – ADB

ISLAMABAD (Reuters) – Pakistan has reached a critical balance of payments situation and will need another package from the International Monetary Fund before the end of the year to avert a crisis, one of the biggest lenders to the country said on Wednesday.

The Asian Development Bank’s country director, Werner Liepach, also told Reuters in an interview Pakistan will need up to $9 billion from the IMF to shield the economy.

Jan 1, 2013

Top Afghan negotiator cautiously optimistic on peace prospects

KABUL (Reuters) – A top Afghan peace negotiator said he was cautiously optimistic about prospects for reconciliation with the Taliban and that all sides now realised a military solution to the war was not possible.

Mohammad Masoom Stanekzai also told Reuters that the Kabul government hoped to transform the Afghan Taliban, who have proved resilient after more than a decade of war against U.S.-led NATO and Afghan troops, into a political movement.

Jan 1, 2013

Top Afghan negotiator optimistic over peace prospects

KABUL (Reuters) – A top Afghan peace negotiator said he was cautiously optimistic about prospects for reconciliation with the Taliban and that all sides now realized a military solution to the war was not possible.

Mohammad Masoom Stanekzai also told Reuters that the Kabul government hoped to transform the Afghan Taliban, who have proved resilient after more than a decade of war against U.S.-led NATO and Afghan troops, into a political movement.

Dec 26, 2012

Mental illness, poverty haunted Afghan policewoman who killed American

KABUL (Reuters) – The Afghan policewoman suspected of killing a U.S. contractor at police headquarters in Kabul suffered from mental illness and was driven to suicidal despair by poverty, her children told Reuters on Wednesday.

The woman was identified by authorities as Narges Rezaeimomenabad, a 40-year-old grandmother and mother of three who moved here from Iran 10 years ago and married an Afghan man.

Dec 26, 2012

Spring Wish denied as suicide bomber brings down Afghan juice empire

KABUL (Reuters) – When a Taliban suicide bomber killed two people on the edge of the Afghan capital this month, there was another casualty – a global fruit juice business optimistically called “Spring Wish” which provided work for thousands of farmers across the country.

Mustafa Sadiq’s empire had been expanding healthily, bringing in badly needed foreign capital, before the attack inflicted the kind of financial loss cash-strapped Afghanistan can ill afford.

Dec 24, 2012

Pakistan, Afghanistan trying to turn Taliban into political movement

KABUL (Reuters) – Pakistan is genuine about backing the nascent Afghan peace process and shares the Kabul government’s goal of transforming the Taliban insurgency into a political movement, a senior Afghan government official told Reuters.

“They have told us that they share the vision contained in our roadmap which is basically to transform the Taliban from a military entity into a political entity to enable them to take part in the Afghan political process and peacefully seek power like any other political entity in Afghanistan, he said.

Dec 6, 2012

Bomber posing as peace envoy wounds Afghan spy chief

KABUL (Reuters) – A Taliban suicide bomber posing as a peace messenger wounded Afghanistan’s intelligence chief in Kabul on Thursday, another sign that the government is struggling to improve security ahead of a NATO pullout in 2014.

Asadullah Khalid was wounded when the bomber struck in a meeting at a guesthouse used by the National Directorate of Security (NDS).

Dec 6, 2012

Taliban claim suicide attack on Afghan spy chief

KABUL (Reuters) – The Taliban said on Thursday they carried out a suicide bombing that wounded Afghanistan’s intelligence chief in Kabul, another sign that the government is struggling to improve security ahead of a NATO pullout in 2014.

Asadullah Khalid was wounded when the bomber struck at a guesthouse used by the National Directorate of Security (NDS) in a heavily guarded area of the capital. The intelligence agency said he had survived a “terrorist attack”.

Nov 29, 2012

Chinese return to Afghan mine project – minister

KABUL (Reuters) – Most of the roughly 170 Chinese workers who fled rocket attacks on the largest foreign investment project in Afghanistan have returned because of improved security, the Afghan mining minister said on Thursday.

Officials had been trying to convince Chinese workers to restart work at the Aynak copper deposit in Logar province, one of the most dangerous regions of the country.