Monday, 13 May 2013


John Kerry congratulates Nawaz Sharif over the phone
WASHINGTON: US Secretary of State John Kerry is hoping to visit Pakistan soon, once the new government of incoming prime minister Nawaz Sharif is in place, a US official said Monday.
The two men already spoke on the phone on Sunday, when the top US diplomat called Sharif "to congratulate him on his strong showing in Saturday's elections," State Department spokeswoman Jen Psaki told reporters.
Kerry also told Sharif "that he looks forward to working with the government as the government is formed in Pakistan."
Ties between the two countries soured after the killing of Osama bin Laden in 2011 by US Navy SEALS when he was tracked down to his compound in the Pakistani town of Abbottabad, after a decade on the run.
The killing of 24 Pakistani soldiers in a US-led NATO air strike in November 2011 then led Islamabad to cut off land routes into Afghanistan used by US troops for re-supplying their forces.
Ties were gradually mended, but tensions remained and one thorn in the relationship is US drone strikes targeting Taliban and Al-Qaeda militants in the northwestern tribal belt.
Sharif has already promised Pakistan's "full support" as the United States withdraws combat troops from Afghanistan, but said he would raise the issue of drone strikes with US leaders.
Washington would be hoping to enhance its cooperation with Islamabad on issues such as counter-terrorism, once the government is formed, Psaki said.
Sharif has "indicated he wants to work closely with the US. We would like to have a positive, productive relationship as well on a number of these issues," Psaki said, adding that first the new government needed to be formed. (AFP)
Cameron congratulates Nawaz
London: British Prime Minister David Cameron has telephoned Pakistan Muslim League-Nawaz (PML-N) chief Nawaz Sharif to congratulate him on his party's success in general elections.
Cameron, who took time out of an official US tour to telephone Sharif, agreed to work with him to strengthen bilateral relationship.
"The Prime Minister spoke to Nawaz Sharif earlier today to congratulate him on his party's success in the recent Pakistani elections. They agreed that the strong bond between the UK and Pakistan was a huge asset and that they would work together to strengthen the relationship further," a Downing Street spokesperson said in London.
"The Prime Minister welcomed Nawaz Sharif's commitment to prioritise economic reforms. The two leaders also agreed on their shared commitment to the trilateral process and its importance in achieving peace in Afghanistan and the wider region," he added.
Pakistani PM-in-waiting Sharif, 63, who is set to return to office 14 years after he was ousted in a military coup, campaigned on a pro-business agenda and stocks in Karachi hit an all-time high on Monday on hopes he could revive the country's shattered economy.

o   Sherry Rehman steps down as Pakistan envoy to US
o   Manmohan Singh not to visit Pakistan
o   John Kerry congratulates Nawaz, hoping to visit Pakistan soon
o   Cameron congratulates Nawaz
o   Nawaz accepts Singh’s India visit invitation: Indian paper
o   Imran demands recounting of votes on 25 NA seats in Punjab

WOLRD(Brief News):
o   Nationalists cash in on Bulgarians' unhappiness
o   Pakistan's Sharif seeks to ease mistrust with India
o   Argentina faces very different debt default if loses legal fight
o   Factbox: Argentina's upcoming payments on foreign-currency bonds
o   Iran's Ahmadinejad may face charges over election appearance with aide
o   UK PM to push for strengthening Syria opposition in U.S. talks
o   Pakistan's Sharif picks Dar as finance minister to revive economy
o   Syrian minister blames 'murderer' Erdogan for bombings: Russian TV
o   British PM Cameron moves to quell party revolt over Europe
o   Four remaining kidnapped Turks to be freed soon: Afghan Taliban
o   Analysis: Iran election opens up as surprise candidates enter race
o   UK's Cameron on U.S. trip to learn Boston lessons, discuss Syria
o   China premier to visit India, Pakistan on first foreign trip
o   Insight: Nigeria's Islamists staging bolder, deadlier comeback
o   Analysis: Malta unlikely to follow Cyprus into crisis
o   Saudi Arabia to punish men over Christian woman convert: paper
o   Australian government avoids recession but voters say thanks for nothing
o   Indonesia president to name new finance minister this week
o   Taiwan gives Philippines ultimatum after fatal shooting of fisherman
o   Nineteen shot in New Orleans Mother's Day parade
o   Bulgaria rightists seek to cobble together government
o   Bulgaria nationalists say will not back leading party
o   Rightist GERB has lead in Bulgaria vote: exit polls
o   After bombings,Turkey says world must act against Syria
o   U.S. broadcast TV ratings slide pressures ad rates at "upfronts"
o   North Korea names another new armed forces minister
o   Malian army heads for rebel-held northern town of Kidal
o   Cameron on U.S. trip to learn Boston lessons, discuss Syria
o   Italy PM Letta warns coalition allies as tension mounts
o   Rightist GERB holds lead in Bulgaria's election
o   Syrian opposition to meet to decide whether to join peace talks
o   Analysis: Iran election race opens up as surprise candidate enter
o   Sharif poised to form government after Pakistan poll
o   Guatemala's Maya finally find justice over civil war crimes
o   Malian army approaches rebel-held northern town of Kidal
o   Obama hails Pakistan for elections, pledges equal partnership
o   Turkey says world must act against Syria after bombings
o   Syrian war death toll rises to 82,000: opposition group
o   Egyptian lawyer denies that Mubarak spoke to paper

  • Dell committee asks Icahn for more information
  • Stock futures dip after record high; retail sales on tap
  • Uganda revises upwards its 2012/2013 coffee exports forecast
  • Lufthansa says April passenger traffic stagnant
  • Hyundai recalls 121,835 SUVs in China to fix brake light switch
  • Dollar rise hits oil, gold; euro sags on ECB cut bets
  • Sappi unit to up prices for speciality paper from July
  • Risks to China recovery seen as factory output underwhelms
  • Ivory Coast inflation rises to 3.9 pct in April
  • S.Africa's Imperial to pay $27 mln for Nigeria stake
  • Profits drop at Mauritius's Sun Resorts
  • Kenyan shilling falls but support seen from tea inflows
  • Mauritius tourism numbers disappoint in April
  • Miner Lonmin posts profit jump as wage battle looms

Business News:


U.S.A              99.28
S.Arabia         26.47
U.K                 152.36
Japan              0.9740
Euro               128.74
U.A.E             27.03

Gold Tezabi (24-ct)    Rs46,971
Silver Tezabi               Rs805.71



Sunday, 12 May 2013


Latest News in Brief

Obama commends democratic transition in Pakistan
WASHINGTON: US President Barack Obama congratulated Pakistan Sunday on its parliamentary elections and said Washington was ready to work “as equal partners” with the government that emerges.
Nawaz Sharif, the apparent winner of Saturday’s election, was in talks to form a new government in a stunning comeback for a former prime minister who was deposed in a 1999 coup and spent years in jail and exile.
Sharif has been less vocal against US drone strikes than his main rival Imran Khan, and is considered a pragmatist with whom Washington can work.
“My administration looks forward to continuing our cooperation with the Pakistani government that emerges from this election as equal partners in supporting a more stable, secure, and prosperous future for the people of Pakistan,” Obama said in a statement.
He congratulated “the people of Pakistan on the successful completion of yesterday’s parliamentary elections.”
“The United States stands with all Pakistanis in welcoming this historic peaceful and transparent transfer of civilian power, which is a significant milestone in Pakistan’s democratic progress,” he said.
“By conducting competitive campaigns, freely exercising your democratic rights, and persevering despite intimidation by violent extremists, you have affirmed a commitment to democratic rule that will be critical to achieving peace and prosperity for all Pakistanis for years to come,” he said.

o    N-250 Karachi : Re-polling at over 40 polling stations ordered
o   ECP vows to take stern action against troublemakers in NA-250, Karachi polling
o   Separate Karachi from Pakistan if you don't like MQM mandate: Altaf
o   Manmohan greets Sharif, invites him to visit India
o   PTI protests rigging in Karachi, other parties join
o   Detach Karachi, if its mandate is unacceptable: Altaf
o   FPCCI felicitates Nawaz on his historic success
o   Will Pakistan finally stand up against illegal US drone attacks?

WOLRD(Brief News):
o   'Best Mother's Day' ever for mother of freed Cleveland captive
o   Sharif poised to form strong government after Pakistan poll
o   Benghazi police bombed for second time in three days
o   Turkey says Syrian forces behind border town bombings
o   IRS official knew in 2011 of 'Tea Party' targeting: watchdog report
o   Bangladesh arrests top Islamist leader on war crimes charges
o   Bulgarians vote in election unlikely to soothe anger
o   Kuwait Airways to sign $3 billion-plus Airbus deal: paper
o   India IT watchdog investigating breach in ATM heist
o   Egypt says thwarts suicide attack on foreign embassy
o   Rafsanjani's last-minute entry transforms Iranian race
o   Joy, disbelief as relatives embrace rescued Bangladesh factory worker
o   G7 to press on with bank reforms, Japan escapes censure
o   Murder case against Cleveland kidnapping suspect tough to prove
o   Car bombs kill 43 in Turkey near Syrian border
o   Texas man held on pipe bomb charge denies role in fertilizer blast
o   Sharif stages comeback in landmark Pakistan election
o   Armed man with hostages barricaded inside New Jersey house
o   Egypt's Mubarak says too early to judge Mursi: newspaper
o   White House offices reopened after brief evacuation
o   Indian companies at center of global cyber heist
o   Domestic abuse cases never snared accused Cleveland abductor
o   ECB's Draghi says no call for G7 central banks to do more


  • India IT watchdog investigating breach in ATM heist
  • Qatar postpones planned float of $12 billion investment firm
  • Kuwait Airways to sign $3 billion-plus Airbus deal: paper
  • Egypt given $3 bln Qatari deposit at 3.5 pct: official
  • India government IT watchdog investigating breach in ATM heist
  • Mali ups 2013 spending by nearly 40 pct as donors restore aid
  • Bank Muscat says mulling options to recover card fraud money
  • German finance minister against idea of ECB buying ABS: magazine
  • Germany pushing for faster reform in euro zone: magazine
  • Fed queries Bloomberg over reporters' access to client data
  • Indian companies at center of global cyber heist
  • Thermo Fisher sued over sale of Mexico plant used by drug cartel
  • Fed says in touch with Bloomberg on potential client data access
  • Dimon might leave JPMorgan if stripped of chairmanship: WSJ

Business News:

U.S.A              99.28
S.Arabia         26.47
U.K                 154.31
Japan              1.0050
Euro               130.71
U.A.E             27.03

Gold Tezabi (24-ct)   Rs48,000
Silver Tezabi             Rs814.28