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Local News

Wednesday, June 26th, 2002

Head Lines

News Brief, Summary of more than 20 leading Bangla & English Dailies, Source : News Garden

Wednesday, June 26th, 2002


The government has formed another Bank Reform Committee to get to the heart of loan defaults and ways of scaling over the situation. The committee will analyse the level and nature of default loans of different categories. It will also seek to formulate a policy for banks so that they can write-off bad loans.

Tension is prevailing at the Adamjee Jute Mills (AJM) and a large number of police and BDR personnel have been deployed there to avoid any untoward incident centering the government decision to close down the largest jute mill in the world.

A multi-national military exercise will be held in Bangladesh in September. Some 20 countries are expected to participate in the exercise. Six countries will be 'core participants'. Others who are expected to send observers will shortly inform whether they will participate actively or just as observers, reports The daily Star.

Foreign Minister M Morshed Khan and Communications Minister Nazmul Huda have been invited to visit Myanmar 'at their earliest convenient time' for 'important discussions'.  The foreign minister is expected to discuss all bilateral issues for strengthening relations with Myanmar.
Former Finance Minister SAMS Kibria on Tuesday asked for withdrawing "repressive taxes", making some essentials duty-free and prioritizing the agriculture and export sectors.

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After dropping a political bombshell at the weekend announcing that he was quitting politics, Malaysian Prime Minister Mahathir Mohamad has agreed to stay in office until late 2003, his party has announced.

India told Pakistan on Monday it must make good on its pledge to stop cross-border militancy after a U.S. magazine quoted its military leader as saying he could not promise a permanent halt.

Russia is selling a dozen Mi-171 military transport helicopters to Pakistan, the first Russian defence sale to Islamabad in six years, the Vedemosti Moscow business daily reported Tuesday.

Nepal's King Gyanendra Monday sought more help from Indian leaders in fighting a six-year Maoist insurgency that has shaken his Himalayan kingdom, stretched its military and killed more than 3,500 people.

Ahead of the general elections, Pakistan government has said it will lift restrictions on outdoor political activities from July 12 and announce schedule for the polls the same day.

Secretary General Organization of the Islamic Conference (OIC) Dr Abdelouhahed Belkeziz has expressed deep concern over tension between Pakistan and India and appealed to two neighbouring countries to exercise self restraint and emphasized to resolve Kashmir dispute according to UN Charter and Security Council's resolutions.

US special forces have come under separate mortar and rocket attacks in Afghanistan near the Pakistani border, but none were injured, a coalition spokesman said Tuesday.

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More than 750 people are now feared dead in flooding that has devastated large areas of China in recent weeks.

As one of the worst wildfires in the history of the West devoured more ground Tuesday, President Bush declared the charred region a disaster area and consoled evacuees at a school that has become a mass shelter, telling them: "Hang in there. You're brave and great people."

Israel kept Palestinians in seven West Bank cities under the gun and threatened to expand the operation to the Gaza Strip after a policy speech by President Bush dealt another blow to Yasser Arafat.

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Michael Ballack silenced 60,000 South Koreans to put Germany through to their seventh World Cup final with a 1-0 win.

 India crashed to a 21-run defeat to Kent after a career-best four for 42 by seamer James Golding to snatch victory away from the tourists at Canterbury on Monday.

Brazil believe they will have overcome the most difficult obstacle standing between them and a record fifth World Cup if they beat underdogs Turkey in their semifinal here on Wednesday.

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