Sunday, 31 July 2011


Karachi Stocks Up 109.01 Points:
KARACHI, Aug 01: The KSE-100 index was at 12299.38, up 109.01 points.
Uni Lever Pak Rs 137.16 Clariant Pak Rs (4.76)
Nestle Pakistan Rs 94.06 Indus Motor Co Rs (3.51)
Colgate Palmol. Rs 34.88 Salfi Textile Rs (3.16)
Bata (Pak) Ltd Rs 26.47 Tandiawala Rs (2.75)
Tri-Pack Films Rs6.53 Pak Tobacco Co Rs(2.21)

KSE 30 – Shares Index Previous 11,502.53,Friday’s 11,560.23,plus 57.70 points.
KSE 100 – Shares Index Previous 12,098.05,Friday’s 12,190.37plus 92.32 points.
MARKET CAPITALIZATION Previous Rs.3,197.924bn,Friday’s 3,220.905bn,plus22.981bn.
VOLUME LEADERS NIB Bank(right) 7.449m, Bank of Punjab 5.392m, Lotte Pakistan 2.686m,Fauji Fertiliser 2.414m, MCB 2.195m shares.
TOTAL TONE:firm,total listed 638,actives 325,inactives 313,plus 128,minus 97,unchanged 100

Tuesday, 26 July 2011


Talking is progress in India, Pakistan ties.
NEW DELHI: Expectations of a breakthrough in peace talks between India and Pakistan on Wednesday remain low, but the fact the nuclear armed rivals keep talking is a sign that neither side wants to slide back towards conflict in the world’s most dangerous region.
Indian Foreign Minister S.M. Krishna and his Pakistani counterpart Hina Rabbani Khar will meet in New Delhi to agree on confidence-building measures, such as relaxing trade and travel restrictions across a ceasefire line dividing disputed Kashmir but are unlikely to make any headway on the thorny territorial issue of Kashmir itself, or on fighting militancy.
“In this case, talking means not going to war. That is the idea. Dialogue is not to resolve the issues, it’s to tell the world they’re not going to war,” said Lalit Mansingh, a former Indian foreign secretary and a former ambassador to the United States.
Peace across the heavily militarised frontier between the nuclear-armed nations is crucial for the United States to draw-down troops and stabilise Afghanistan without sparking off a proxy war between New Delhi and Islamabad in that country.
India and Pakistan in February resumed a formal peace process broken off after the 2008 attack on Mumbai by Pakistan-based militants, which killed 166 people.
The lack of controversy in meetings this year has raised hopes, at least that talking is a step in the right direction.
“We have learned lessons from history but are not burdened by history. We can move forward as good, friendly neighbours who have a stake in each other’s future and who understand the responsibility that both the countries have to the region and within the region,” Khar told reporters in New Delhi on Tuesday.
The focus on Wednesday will be as much on 34-year-old Khar, Pakistan’s first female and youngest-ever foreign minister, who was appointed to the post last week. Krishna is 79 years old.
Khar’s first major meeting in Delhi was with senior Kashmiri separatist leaders, including the hardliner Syed Ali Gilani, a sign of how the disputed region occupies the prime position in ties between Pakistan and India.
“We have told Pakistan we are willing to discuss all issues with an open mind,” a senior Indian government source said.
As in previous peace efforts, progress has been slow and vulnerable to any attempts by Pakistan-based militants to try to trigger a war by launching another Mumbai-style attack.
But both sides kept their cool in the aftermath of a triple bomb attack in Mumbai this month that killed at least 23 people and injured more than 130. Police have yet to identify the suspects but security analysts suspect the Indian Mujahideen.
“The trust deficit has to be removed on both sides,” said a Pakistani Foreign Ministry official, who declined to be identified.

“Let us build peace in Karachi together”
MQM chief proposes formula for harmony in Karachi

* Hussain says MQM staunchly believes in democracy and respects vote bank of all religious and political parties

KARACHI: Muttahida Qaumi Movement (MQM) chief Altaf Hussain has proposed a peace formula for restoring peace
Mohammed Saleem Mansoori
Brief News:
>Non-appointment of NAB Chief causing prejudice.SC
> 9 killed in Karachi Violence
> Abdul Majeed new AJK PM.
>Shahbaz Sharif wams Centre to honour judiciary
>PML-N using judicial card after defeat.Babar
>Happy Birthday, Asif
>New Delhi{} Hand in Hand
Business News

Tue, 26 July 2011

- Peshawar gold price hit highest at Rs54, 250 per tola
Gold price in the city here surging by Rs700 hit the record at Rs54, 250 p

- Gold hits new record at Rs51800/tola
In international market, the price of gold increased by 21 dollars to 1621. This affected the rate of gold in the local markets and in Karachi the commodity recorded a rise of Rs400 per tola to set a new

- Oil mixed as traders eye US debt standoff
rude for September delivery eased 29 cents to $117.

- Dollar hits four-month low as Obama warns on debt
The dollar fell to 77.89 yen, its lowest level since March 17, after US President Barack Obama addressed the nation in a prime time

- Asian stocks higher, amid caution over US debt

- Gold hits new record at Rs51800/tola
In international market, the price of gold increased by 21 dollars to 1621. This affected the rate of gold in the local markets and in Karachi the commodity recorded a rise of Rs400 per tola to se

- KSE slips 36 points
Fresh political and ethnic violence gripped Karachi over the past three days, leaving up to 44 people dead and

- Gold jumps to all time high at Rs 44,485
According to chairman Karachi Saraf Association, Haji Haroon Chand, investors are buying gold amid the fears of possible US default on its foreign debt.<

- CNG-Petrol price difference still not notified
Talking to Geo News, the office bearers of the association said that they were cooperating with the gas distribution companies in matters of gas load shedding because of the ac

- Dollar drops amid US debt debate impasse
The dollar fell as low as 78.12 yen in early trade, the lowest level since March 17 when the greenback slid to the 76-yen range, prompting inter

Mohammed Saleem Mansoori

Monday, 25 July 2011


Norway killer tells judge ‘two more cells’ exist
OSLO: Anders Behring Breivik told a Norwegian judge on Monday his bombing and shooting rampage that killed 93 people aimed to save Europe from a Muslim takeover, and said that “two more cells” existed in his organisation.

Breivik has previously said he had acted alone and police have said they have no other suspects in Friday’s attacks. His remarks were relayed by the judge, Kim Heger, in a news conference held after a closed-door custody hearing. It was not clear whether Breivik is in fact part of an organisation, although he has written about a revival of the Knights Templar, a medieval order of crusading monks.

After the hearing, Heger said he had ordered Breivik detained in solitary confinement for eight weeks, with no letters, newspapers or visits, except from a lawyer. The detention, in line with a request from prosecutors, will allow them to investigate the case against Breivik. Jeering crowds awaited Breivik at Oslo District Court.

“Get out, get out!” shouted Alexander Roeine, 24, banging on a car he wrongly believed contained the mass killer. In fact police brought Breivik into the courthouse via a side entrance. “Everyone here wants him dead,” Roeine said, adding that he knew one of the dead and three survivors of the attacks.

Breivik had wanted to explain why he perpetrated modern-day Norway’s worst peace-time massacre in public. He was denied a public platform, but the judge, in his news conference, gave an account of what the accused 32-year-old had said.

Heger said Breivik had accused the ruling Labour Party of betraying Norway with “mass imports of Muslims”. He said his bombing of government buildings in Oslo and massacre at a summer camp for Labour’s youth wing was aimed at deterring future recruitment to the party. “The goal of the attack was to give a strong signal to the people,” the judge quoted Breivik as saying.

Breivik’s custody can be extended before his trial on terrorism charges. Police say the trial could be a year away. “We want to see him really hurt for what he did,” said Zezo Hasab, 32, among a crowd who gave Breivik a furious reception.

After the hearing, a police jeep drove away carrying an unshaven Breivik, with close-cropped blond hair and wearing a red jumper with a lighter red shirt underneath. He appeared calm and did not try to communicate with journalists standing across the road from an underground garage where he was brought down from the courtroom. He sat unmovingly in the back seat, with a policeman beside him, his head tilted slightly back, before being whisked away.

Norwegians held a minute’s silence for Breivik’s victims. “In remembrance of the victims I declare one minute’s national silence,” Prime Minister Jens Stoltenberg said on the steps of Oslo University, flanked by Norway’s king and queen. The silence stretched to five minutes as thousands more stood around a carpet of flowers outside nearby Oslo cathedral. Only squawking seagulls and a barking dog broke the silence. Cars stopped in the streets and their drivers got out and stood motionless as traffic lights changed from red to green. “This is a tragic event to see all these young people dying due to one man’s craziness. It is important to have this minute of silence so that all the victims and the parents of the families know that people are thinking about them,” said mechanic Sven-Erik Fredheim, 36, shortly before the silence.

Breivik planted a bomb on Friday outside Stoltenberg’s Oslo office which killed seven, then drove to the wooded island of Utoeya and shot dead 86 at the Labour Party youth camp. In a rambling 1,500-page tract posted online just before the massacre, Breivik explained how violence was needed to rescue Europe from Islam, immigration and multi-culturalism. If he survived his assault and was arrested, this would “mark the initiation of the propaganda phase”, he wrote. His lawyer, Geir Lippestad, said: “He has been politically active and found out himself that he did not succeed with usual political tools and so resorted to violence.”

The judge’s decision to close the hearing to the public followed an outcry from Norwegians enraged at the possibility that Breivik would be allowed a public platform for his views. A Facebook group called “Boycott Anders Behring Breivik” carried the message: “He has planned this stage, to get propaganda. Do NOT let him get that freedom-Boycott all media describing the Norwegian terrorist and his beliefs.”

The maximum jail term in Norway is 21 years, although that can be extended if there is a risk of repeat offences. “In theory he can be in jail for the rest of his life,” said Staale Eskeland, professor of criminal law at the University of Oslo. Norwegian newspapers focused on the victims as shock turns to mourning, giving chilling new accounts of the island massacre and focusing on acts of bravery which saved lives. reuters
Rs 50 billion tax evaded on missing containers: SC told.
ISLAMABAD: The Federal Board of Revenue (FBR) probing committee, formed under the apex court directives, unearthed duties and tax evasion of over Rs 50 billion as 23,882 containers of commercial category under Afghan Transit Trade (ATT), destined from Karachi port to Afghanistan, were missing.

A three-member bench of the Supreme Court, comprising Chief Justice Iftikhar Muhammad Chaudhry, Justice Tariq Parvez and Justice Amir Hani Muslim, resumed hearing of a suo motu taken on media reports about a large number of missing containers meant for transportation of goods for the International Security Assistance Forces (ISAF) stationed in Afghanistan.

According to contents of the report, the FBR had issued directives for initiation of proceedings to Customs authorities concerned in Karachi.

The report said that show cause notices in respect of a total missing 6,830 Chaman-bound containers had been issued which also involved estimated revenue of Rs 13 billion.

It said in addition to 3,688 containers, earlier figures submitted with the court, another 3,142 containers destined for Chaman had been identified as missing and the Quetta Collector Customs had also confirmed that they did not receive them at Chaman.

FBR Chairman Salman Siddique told the bench that FIRs were lodged against the culprits, including importers, clearing agents, port operators, custom officials, shipping agents and transporters, whereas, letter of explanation were also issued to the officials concerned.

He also informed the court that lukewarm response of the Afghan government in providing details of the commercial transit cargo was creating delay to verify the facts.

He told the bench that a significant fall in the imports affected under commercial ATT regime and an increase in domestic imports leading to a better revenue realisation has been witnessed since the suo motu proceedings directed the FBR to initiate investigative action in the case.

He also said that scrutiny of assets of the officers in BPS-17 and above had also been completed and letters of explanations were issued to those officers in whose declarations discrepancies were found.

The bench appreciated efforts of the FBR chairman and adjourned further hearing till date in the office.
More rains forecast during next 24-hours.
ISLAMABAD: The heavy rain pour in twin cities brought mercury down and made weather pleasant on Monday. The Met office recorded 99 mm rain in Islamabad, and 68 mm in Rawalpindi. The sky remained heavily overcast and temperature down to 6-7 Celsius. Meanwhile the more heavy rain is expected in next 24 hours on Tuesday/ Wednesday. According to Met office strong monsoon currents are reaching most parts of the country while shallow westerly trough is also present in upper parts of the country. In Capital more scattered rain /thundershowers with isolated heavy falls expected. staff report.

Brief News:
PPP,MQM,ANP agree to join hands for peace in Karachi
Judgement on ZafarQureshi suspension reserved
Bilawal to contest election from Lyari.Zardari
Hajj case: Sc orders reinstatement of FIA officials
Numberdars asked to snoop on militants

Mohammed Saleem Mansoori

United State rushes to avert disastrous


Sunday, 24 July 2011

Brief News update: 25.07.2011

Karachi violence 18 killed.
KARACHI: Interior Minister Rehman Malik ruled out any ‘operation’ in Karachi on Sunday, but talking to newsmen after a renewed wave of target killings left at least 18 people dead and several others wounded said that police and Rangers would work together to restore order.
The daylong violence caused the authorities to once again impose a ban on pillion riding that Sindh Home Minister Manzoor Wasan had lifted about a fortnight ago.
While the situation had been tense in Malir and Landhi amid gunbattles between groups going on for the past few days, violence spread to other parts of the city with attacks on a restaurant and a sweetmeat shop on Sunday. There were reports of two rocket attacks in Malir.
Commercial areas were shut and residents stayed indoors with several localities reverberating with gunfire.
The worst-hit areas were Malir, Landhi, North Karachi, Surjani, F.B. Area, Baldia, Lyari and Orangi. The law-enforcers stayed away from trouble spots and were seen only on main roads.
Mr Malik said President Asif Ali Zardari had summoned a meeting to review the law and order situation in the city and other parts of the province.
The meeting has been called amid allegations by MQM leaders about patronage of criminals by some ministers and an appeal made by the Mohajir Qaumi Movement (Haqiqi) to the president to take notice of what it described as “the political aggression and terrorism against the MQM-H and its members” and to provide them security.
There is a possibility that some decisions would be taken at the meeting about deployment of law-enforcement agencies in the city to address people’s concerns.
Mr Malik said all parties would have to work hand in hand to restore peace.
According to sources, development projects in Lyari are likely to be given priority at the meeting and a package is expected to be announced.
Meanwhile, federal Minister Syed Khurshid Ahmed Shah called on Sindh Governor Dr Ishratul Ibad Khan on Sunday. The minister said the federal government would extend all possible assistance to the province in its efforts to maintain law and order and political harmony.
According to a statement issued after the meeting, the two leaders agreed that the entire country needed restoration of law and order in Karachi.
The chief minister also presided over a meeting held to review the situation in the city. He asked the Sindh Rangers and police chiefs to take ruthless action against miscreants and maintain peace and tranquillity.
Additional Chief Secretary (home) Waseem Ahmed said the ban on pillion riding would
Brief News:
Karachi situation can’t improve overnigh: Rehman Malik
Pakistan doesn’t want one-sided ties with US
Soldier dose’nt thwarted sucide attack
PPP clinches six out of eight AJK Assembly reserved seats
Darul Uloom ousts reformist leader

Mohammed Saleem Mansoori