From the News, Nation, Dawn, Pakistan Observer, Daily Times, Frontier Post, Nawa-i-Waqt (Urdu), Jang (Urdu) and daily Express (Urdu) newspapers                                                                            

17 September 2009

Local News

Political

• Islamabad (APP) President Asif Ali Zardari has congratulated Yukio Hatoyama on his election as Prime Minister of Japan (The Frontier Post, p- 9, Daily Express, p- 3)

Economic

• Lahore (Staff Report) Punjab Governor Salmaan Taseer poses with a delegation of businessmen from Japan and Pakistan at the Governor’s House on Wednesday. The governor said Pakistan wanted to benefit from modern Japanese technology, especially in the agriculture sector. He said the government had provided a friendly environment to investors. He said none of the 77 Pakistani banks had been affected by the global economic recession (Daily Times, p- A3) 

International News

Political

•  Tokyo (AFP) Japan’s new centre-left Prime Minister Yukio Hatoyama acclaimed a turning point in history on Wednesday as he took command of Asia’s biggest economy with a pledge to return power to the people (Dawn, p- 11)

• Tokyo (Reuters) New Japanese Prime Minister Yukio Hatoyama took office on Wednesday, launching an untested government pledged to radically change how the nation is run and make domestic demand, not exports, the engine of growth  (The News, p- 11) 

• Tokyo (Picture Reuters) Japan’s new Prime Minister Yukio Hatoyama ( R ) receives a certificate from Emperor Akihito ( L ) as former Prime Minister Taro Aso ( C ) watches during an installation ceremony at the Imperial Palace on Wednesday (Daily Times, p- A8) 

Economic

• (Article by GUY SORMAN) Harmonious decline (Daily Times, p- A7)

• Tokyo (APP) The newly approved ambitious project of Karachi Circular Railways (KCR) by ECNEC would greatly help in addressing transport problems of Karachiites in the coming years with the soft terms credit facility from Japan Bank of International Cooperation (JBIC) (Pakistan Observer, p- 6)