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Claudine Fry, South Asia senior analyst at Control Risks, tells CNBC Nawaz Sharif faces serious challenges, particularly the electricity crisis, after winning the election in Pakistan over the weekend.
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*Pakistan's first transition between civilian governments. ISLAMABAD, May 11- The parties of former prime minister Nawaz Sharif and cricketer-turned-politician Imran Khan appeared to be well ahead of their rivals in Pakistan's election, according to a partial count of votes cast on Saturday.
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*Late surge of support for cricketer-turned-politician Imran Khan. ISLAMABAD, May 11- A string of militant attacks and gunfights that killed at least 15 people cast a long shadow over Pakistan's general election on Saturday, but millions still turned out to vote in a landmark test of the troubled country's democracy.
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An attack on the office of the Awami National Party in the commercial capital, Karachi, killed 10 people and wounded 30, followed by another blast minutes later. Pakistan's Taliban, who are close to al Qaeda, have killed over 110 people in election-related violence since April.
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ISLAMABAD, May 11- Pakistanis began voting on Saturday in a landmark election that will bring the first transition between civilian governments in a country ruled by the military for more than half of its turbulent history.
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The people of Pakistan hope the polls will deliver change and ease frustrations with a feeble economy, widespread corruption, chronic power cuts and crumbling infrastructure.
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Omar Hamid, head of Asia analysis at IHS, talks to CNBC about the upcoming election in Pakistan and what will be important.
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*Iran offers production sharing contracts. DUBAI/ DELHI, May 9- Iran has offered new, more alluring terms to reluctant Indian companies to win the investment it craves for its decaying energy sector suffering from tight Western sanctions.
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ISLAMABAD, May 9- Whoever wins Pakistan's elections has a fight on their hands- not just against the Taliban, but negotiating with international backers to provide a multi-billion-dollar bailout for a country that has habitually used aid as a crutch to avoid reform.
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SYDNEY, May 8- Australian shares rose 0.7 percent to their highest level in a week in early Wednesday trade, buoyed after Wall Street notched up record highs, helped by better-than-expected German industrial data.
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SYDNEY, May 8- Australian shares are set to open firmer on Wednesday after a cut in local interest rates and a rise on Wall Street on upbeat German economic data, while investors will watch for trade data from China.
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CIA spokesman Todd Ebitz on Tuesday described the new head of the National Clandestine Service as a "talented and effective intelligence officer who has had rich substantive and operational experiences worldwide over the course of his almost 30- year Agency career."
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CIA spokesman Todd Ebitz on Tuesday described the new head of the National Clandestine Service as a "talented and effective intelligence officer who has had rich substantive and operational experiences worldwide over the course of his almost 30- year Agency career."
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KARACHI, May 7- Pakistan's stocks closed higher on Tuesday as the market continued to consolidate ahead of the May 11 general election, dealers said. The Karachi Stock Exchange's benchmark 100- share index ended 0.03 percent, or 6.04 points, higher at 19,262.74 points.
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SYDNEY, May 7- Australian shares ended 0.2 percent lower on Tuesday after the central bank decided to cut rates, spurring a modest recovery in financials from the day's lows, while New Zealand's benchmark index hit a record closing high.
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SYDNEY, May 7- Australian shares ended 0.2 percent lower on Tuesday after the central bank decided to cut rates, spurring a modest recovery in financials from the day's lows.
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SYDNEY, May 7- Australian shares fell 0.5 percent in later morning trade on Tuesday, dragged down by financials as investors adopted a cautious stance ahead of the outcome of the central bank's rate-setting meeting later in the day. Top lender the Commonwealth Bank of Australia.
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SYDNEY, May 7- Australian shares slipped 0.1 percent on Tuesday as investors remained cautious ahead of a central bank rate meeting later in the day and as financials dragged on the market, but strength in metals prices helped limit losses.
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SYDNEY, May 7- Australian shares are set to open firmer on Tuesday after Wall Street closed at another record high and metals prices gained, although investors may be cautious ahead of a central bank rate setting meeting.
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Fauji Cement Company Ltd remained in the limelight as investors accumulated shares after excellent results in the last quarter. Engro Corporation also attracted investors who hope that the new government will make efforts to resolve gas supply issues, dealers said.
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MILAN, May 6- Italian oil and gas company Eni. said on Monday it had extended its footprint in Pakistan by making a new onshore gas discovery in the country. Eni said the discovery was in the Sukhpur Block, adding that during production testing the well produced a flow of gas of 33 million standard cubic feet per day.