DAILY BRIEF NEWS UPDATE:30.01.2012

SC gives memo commission two more months to finish work

ISLAMABAD: The Supreme Court on Monday granted the judicial commission probing the memo scandal two more months to complete its work, DawnNews reported.
Headed by Chief Justice Iftikhar Mohammad Chaudhry, a nine-judge Supreme Court bench resumed the hearing on the petitions of PML-N chief Nawaz Sharif and others on the secret memo reportedly sent by then ambassador to US Husain Haqqani to former US joint chiefs of staff Admiral Mike Mullen to pre-empt a military takeover.
The original tenure of the commission ends today.

Business News

Mon, 30 Jan 2012
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-	India won''t cut Iranian oil imports: finance minister CHICAGO: India, the world s fourth-largest oil consumer, will not take steps to cut petroleum imports from Iran de
-	Iran says oil price could reach $150 per barrel on EU embargo TEHRAN: Iran said on Sunday that oil prices could reach $150 per barrel as a result of the European Union s ban on
-	Sindh CNG stations reopen after 24 hr suspension KARACHI: CNG stations in Sindh including Karachi reopened on Sunday at 9 am after facing 24 hours suspension, Geo
-	World leaders slam eurozone foot-dragging on debt crisis DAVOS: World economic leaders turned their fire on the eurozone Saturday at a Davos forum increasingly frustrated
-	CNG stations closed for 24 hrs in Sindh KARACHI: All the CNG stations across Sindh province including Karachi, under gas load management plan, have been s
-	Greek debt talks still cloud more upbeat Davos DAVOS: The global elite had talked itself into an upbeat frame of mind as the Davos forum neared its climax on Sat
-	Rupee secures a firm close vs greenback KARACHI: The rupee, in the currency market, Friday ended firmer at 90.22/27 to the dollar, compared with Thursday
-	KSE vaults as investors indulge in OGDC KARACHI: Stocks at the local equities market ended higher on Friday as investors bought energy shares such as Oil
-	Euro under pressure as market watches Greek talks TOKYO: The euro remained under pressure in Asia on Friday as market players awaited developments in Greece s talks
-	Asian markets rise on Greece hopes HONG KONG: Asian markets rose Friday on tentative hopes that Greece will be able to agree a deal with creditors on
-	Oil prices higher in Asian trade SINGAPORE: Oil rose in Asian trade Friday on expectations the US economy saw robust growth in the final quarter of
-	Muneer Kamal reelected as chairman KSE KARACHI: Muneer Kamal has been unanimously re-elected as chairman of the board of Karachi Stock Exchange (KSE) at
-	Forex reserves slip to $16.802 billion KARACHI: Pakistan s liquid foreign reserves slipped by $ 101 million to more than $ 16.802 billion on January 20,2
-	Gold price soars by Rs1500 per tola KARACHI: Gold price on Thursday registered a whopping increase of Rs1500 per tola in local markets after the yellow

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