Stop-gap: World’s leading banks willing to fund coal-run power plants

ISLAMABAD: A consortium of leading international banks including the Asian Development Bank (ADB) is willing to provide Pakistan .82 billion for two coal-fired power plants to be installed in Jamshoro with production capacity of 660 megawatts each. The coal-powered plants are being set up as part of a plan to generate 9,800MW of electricity through coal in an effort to control ...

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Al-Assad: Rebels might attack weapons inspectors

Syrian President Bashar al-Assad has suggested that some outside governments may urge rebels to attack international inspectors sent into war-fractured country to secure its arsenal of chemical weapons.

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Exchange rate: Govt opens up credit line to stem rupee slide

ISLAMABAD:  In a desperate attempt to soothe an unnerved foreign currency market, which is causing faster than anticipated rupee devaluation, Pakistan has borrowed 5 million from two consortiums of international and domestic banks. The federal government has entered into an agreement with a consortium of Bank of Tokyo, Bank Al Falah and Swiss Bank for 5 million oil financing facility ...

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Annual field maintenance: No additional gas supply to power plants

ISLAMABAD:  The Ministry of Petroleum and Natural Resources has refused to increase gas supply to power companies and will provide gas to only those power plants that have agreements with the government. Gas producers were planning annual maintenance of fields during September and October, as a result companies may not be able to divert any additional gas supply to power ...

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VIDEO: Amanda Knox: I can’t afford to go back

Amanda Knox has given an interview to ITV’s Daybreak programme, where she emphasised she would not be returning to Italy for a retrial in the Meredith Kercher murder case.

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Motorsport: Alonso won’t buy cycling team

Fernando Alonso won’t be saving Euskaltel Euskadi after all. But Alonso still wants a cycling team and might start one up from “scratch.”

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Curbing kids’ cell phone addiction

From automatic shutoff times, to no-phone intervals, to artistic, phone-hiding “Be Present” boxes, parents around the country are finding ways to limits their kids’ cell phone addictions.

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McBride: Labour ‘must learn lessons’

Gordon Brown’s ex-aide Damian McBride defends his book detailing how he attacked opponents, but says Labour must move on from “destructive” feuds of the past.

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VIDEO: Body hunt after ‘slavery raids’

Police in South Wales are are investigating if a body has been buried at a farm in Marshfield, as part of an investigation into alleged slavery.

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Alonso still wants cycling team

Fernando Alonso won’t be bailing out Euskaltel Euskadi. But the Spaniard still wants a cycling team and hasn’t ruled out starting one up from scratch.

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‘Six Britons’ killed in Kenya attack

Six Britons are thought to be among more than 60 people killed in an attack by militants on a shopping mall in Kenya, the UK defence secretary says.

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United given ‘hairdryer’ treatment by Moyes after derby drubbing

MANCHESTER: Manchester United manager David Moyes said he upbraided his players after their crushing 4-1 derby defeat at Manchester City and called for an immediate improvement in their performances. The Scot had a torrid experience in his first Manchester derby, as a Sergio Aguero brace and goals from Yaya Toure and Samir Nasri gave City a victory reminiscent of their seismic ...

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VIDEO: How much is the planet warming?

Scientists have said they are certain that greenhouse gases from human activities are heating the planet, despite a global pause in rising temperatures

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