DINA for the issue of August 11, 2012

	Saturday, August 11, 2012 | Ramazan 22, 1433
The DAWN Internet News Alert (DINA) is a free daily news service from Pakistan’s largest English language newspaper, the Daily DAWN.
SBP cuts rate to 10.5pc; business hails move By Sahar Ahmed KARACHI, Aug 10: The State Bank of Pakistan, in a surprise move on Friday, cut its key policy rate by 150 basis points to 10.5 per cent for two months amid an improved projection of inflation for 2012-13 and aimed at encouraging private investment...	For suggestions and comments: Email: webmaster@dawn.com Website: http://dawn.com Fax: +92(21) 35693995 Karachi Stocks Up 1.90 Points: KARACHI, Aug 10: At the close of trading, the KSE-100 index was at 14761.49, up 1.90 points. Forex Update: KARACHI, Aug 10: The Pakistani Rupee was traded at 94.3 to the US Dollar in the open market.
Top brass in late-night huddle By Our Staff Reporter ISLAMABAD, Aug 10: Army top brass met on Friday amid reports of Pakistan and the United States moving towards enhanced counter-terrorism cooperation following improvement in their relations. The meeting of corps commanders started late in the evening and was expected to continue late into the night. As is the usual practice there was complete silence about the agenda of the conference. The standard statement from military’s public affairs wing, ISPR, said: “The monthly conference would discuss routine professional matters ....
Enhanced Pak-US engagement likely By Anwar Iqbal WASHINGTON, Aug 10: The United States and Pakistan are poised to enhance their engagement to the leadership level to remove differences that have frayed relations since early 2011, official sources told Dawn. Both governments are now busy planning Foreign Minister Hina Rabbani Khar’s visit to Washington some time next month for a detailed discussion on various proposals for improving ties....
Discussion with Afghanistan on Taliban prisoner transfer By Baqir Sajjad Syed ISLAMABAD, Aug 10: Pakistan on Friday said it was negotiating with Afghanistan the transfer of Taliban prisoners for assisting reconciliation process in the war-ravaged country. “The issue of prisoners is under discussion between the two countries,” Foreign Office spokesman Moazzam Khan said at the weekly briefing...
WB wants Bhasha dam delayed By Khaleeq Kiani ISLAMABAD, Aug 10: The World Bank has reportedly offered funding to induce Pakistan to take up the Dasu power project in Khyber Pakhtunkhwa and delay for 10 years the strategically more important Diamer-Bhasha dam in Gilgit-Baltistan. That appeared to be the crux of the proceedings of Senate Standing Committee on Water and Power here on Friday, even though top bureaucrats tried to satisfy the committee that Pakistan’s sovereign decision on the matter maintained focus on the multipurpose Diamer-Bhasha project...
Writer and poet Shamsher dead KARACHI, Aug 10: Well-known writer, poet, journalist and television anchor Shamsherul Haidri died at a hospital from complications arising out of cancer here on Friday morning. He was 80. He leaves behind five sons and three daughters besides scores of followers and enthusiasts of Sindhi literature to mourn his death. He will be buried in his hometown, Kadhan, in Badin district...
Germans set to miss target BERLIN, Aug 10: Germany’s Olympic athletes will miss their target of winning 86 medals by some way, an interior ministry paper showed on Friday, but a senior sports official said there was not necessarily a link between medals won and public funding. After 14 days of competition, the Germans have managed to win 38 medals — 10 gold, 17 silver and 11 bronze — enough to secure them sixth place as of Friday.Germany had won 16 gold medals, 10 silver and 15 bronze medals at the 2008 Games in Beijing...
13 militants killed in strikes on hideouts By Our Correspondent KALAYA, Aug 10: Thirteen militants were killed and eight others wounded when warplanes pounded Mamozai areas in Orakzai tribal region on Friday. Sources in security forces said jet fighters targeted hideouts in Botakhel and Toorsimath areas of Mamozai, a stronghold of Taliban. Four hideouts were destroyed in shelling which continued for over an hour...
Raja gives Rs2bn to Steel Mills KARACHI, Aug 10: Prime Minister Raja Pervez Ashraf announced on Friday that Pakistan Steel Mills (PSM) would not be privatised and that efforts would be made to turn it into a profitable organisation. Addressing a function at the PSM, the prime minister said that in future no one would call the organisation a ‘white elephant’ because it would serve to strengthen all other industries in the country...
Medals table (At 1230am PST on Saturday) Country G S B T United States 40 25 26 91...
Defar ends Dibaba’s double aspirations LONDON, Aug 10: Ethiopian Meseret Defar ended her compatriot Tirunesh Dibaba’s dream of a track double when she won the women’s 5,000m on Friday in thrilling fashion, but two doping cases overshadowed another action-packed day at the Games. Defending champion Dibaba, who was the favourite to win following her victory in the 10,000m race, ended with bronze as Defar overtook her in the home straight to finish in 15min 04.25sec, with world champion Vivian Cheruiyot of Kenya claiming silver in 15:04.73 ...
Stateless refugee to run marathon for world LONDON, Aug 10: Stateless refugee Guor Marial will compete in Sunday’s men’s marathon under the Olympic flag, while his family in South Sudan will trudge 50 kilometres to watch him on the nearest TV. The 28-year-old has not seen his relatives since fleeing in 1993, when the only time he ever ran was to save his life ...
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