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Asia Top News and Analysis Pakistan

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    Pakistan will start monitoring seven major websites, including Google, Yahoo and Amazon, for sacrilegious content, while blocking 17 other, lesser-known sites it deems offensive to Muslims, an official said Friday.

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    Long before there was MoneyGram and Western Union, people in South Asian countries often used an informal network of brokers, called an "hawala," to transfer money over long distances when it was too inconvenient or dangerous to send cash by courier.

  • Faisal Shahzad

    Federal law enforcement officials offered no explanation Tuesday for how the suspect in the failed Times Square bombing was allowed to board an international flight despite being hunted by the FBI and placed on the government no-fly list.

  • Pakistan expects inflation next fiscal year to be reduced to single digits, bringing stability to the rupee, Minister for Finance & Economic Affairs, Shaukat Tarin, told CNBC on Friday.

  • From underwear screening to health care to a nuclear ultimatum from Iran, President Barack Obama has 2010 start with his agenda driven by events and not choice. This is the nature of the beast and Obama's management skills will be tested this month. Let's do a quick list of what's happening and the major questions to resolve.

  • Gold Bricks

    The International Monetary Fund's executive board on Friday was discussing selling some of the fund's gold to provide low-interest loans to poor countries and shore up its internal finances.

  • Andrew Busch

    While the loss of life in Mumbai is horrific, the financial markets are reacting by selling risk and this is manifested in selling equities and buying US dollars. We have not seen any panic running into short-term US Treasuries.

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    The International Monetary Fund has agreed to lend Pakistan $9 billion, a source familiar with the negotiations told CNBC. There will also be another meeting in November to negotiate for more aid with Gulf countries.

  • The Pakistani government will ask for $10 billion from the International Monetary Fund on Monday, CNBC has learned.

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    The Pakistani government will ask for $10 billion from the International Monetary Fund on Monday, CNBC has learned.

  • Pakistan President Pervez Musharraf.

    Nuclear-armed Pakistan's beleaguered President Pervez Musharraf announced his resignation on Monday in the face of an impending impeachment motion by the ruling coalition government.

  • Pakistan President Pervez Musharraf.

    Pakistan's President Pervez Musharraf will resign rather than face impeachment by parliament, the Financial Times said on its Web site, citing government officials and a member of his circle.

  • Malaysia

    Malaysia's largest lender, Malayan Banking, has bought a strategic stake in Pakistan's MCB Bank for $680 million, betting on a brighter economic future for the troubled frontier state.

  • Pakistani woman voter casts her vote in the conservative city of Peshawar, Pakistan on Monday, Feb. 18, 2008. Pakistanis voted Monday for a new parliament in elections shadowed by fears of violence and questions about the political survival of President Pervez Musharraf, America's key ally in the war on terror. (AP Photo/B.K.Bangash)

    Pakistani President Pervez Musharraf's opponents headed for election victory on Tuesday after voters rejected his former ruling party, raising questions about the future of the U.S. ally who has ruled since 1999.

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    India's lucrative outsourcing industry struggled Thursday to overcome Internet slowdowns and outages after cuts in two undersea cables sliced the country's bandwidth in half.

  • Pakistan President Pervez Musharraf.

    Keeping food and energy prices under control while presiding over a growing economy will be a key task for any government that emerges from the February elections, Finance Minister Salman Shah tells CNBC.com.

  • Locals ride a canoe past oil instalations belonging to the Mobil oil company in Bonny Island, Nigeria, Thursday, Aug. 17, 2006. Militant groups using kidnappings and sabotage attacks to press their demands for a share of the region's oil wealth, which they accuse the central government of stealing, have made southern Nigeria a volatile place. (AP Photo/George Osodi)

    Oil retreated further from the $100 a barrel mark on Friday as gloomy U.S. jobs data heightened concern over the health of the U.S. economy. Equities markets and the dollar also fell after a government report showed the U.S. unemployment rate rose to 5 percent in December -- its highest in more than two years.

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    Oil fell Thursday as traders took profits from a record rally that had pushed oil to $100 per barrel two days in a row -- a level that has raised a red flag over global economic growth.

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    Oil prices, which on Wednesday hit $100 a barrel for the first time, will probably go up further in the next five years unless economic growth falters and slows fuel demand.

  • Locals ride a canoe past oil instalations belonging to the Mobil oil company in Bonny Island, Nigeria, Thursday, Aug. 17, 2006. Militant groups using kidnappings and sabotage attacks to press their demands for a share of the region's oil wealth, which they accuse the central government of stealing, have made southern Nigeria a volatile place. (AP Photo/George Osodi)

    Oil closed at a record $99.62 a barrel after briefly hitting $100, as violence in Nigeria, tight energy stockpiles and a weaker dollar triggered a surge of speculative buying.