Sunday 26 February 2012

DAILY LATEST NEWS UPDATE: 27.02.2012


Gilani Contempt case: Aitzaz to submit reply today
ISLAMABAD: Prime Minister Yousuf Raza Gilani's counsel Aitzaz Ahsan will submit reply to the Supreme Court in the contempt of court case today.

During last hearing, Attorney General Molvi Anwar-ul-Haq, who is prosecutor in the case, submitted evidences to the court against the prime minister.


The court has asked PM's counsel to defend his client in the light of the evidences presented by the Attorney General.


A seven-member bench of the Supreme Court will resume hearing of the case on Tuesday.


Pakistan-UAE prisoner swap deal inked

ABU DHABI: Interior Minister A Rehman Malik and Interior Minister of United Arab Emirates (UAE) Sheikh Saif Bin Zayed Al Nahyan Sunday signed agreement on transfer of sentenced prisoners between the two countries.

Under the agreement, Pakistani prisoners/convicts in UAE will have the opportunity to undergo their remaining sentence in Pakistan, says a press release.
The agreement will come into force within two weeks and both the Interior Ministers will work out the transfer plan.

Two years long negotiations have resulted into a final agreement between the Government of the Islamic republic of Pakistan and the Government of the United Arab Emirates which was duly approved by the Pakistani Cabinet, signed in UAE by Minister for Interior, Senator A. Rehman Malik who arrived in UAE Sunday.

Earlier, President Asif Ali Zardari had directed Interior Minister Rehman Malik to work out some ways and legal means for the Pakistani prisoners/convicts in UAE to undergo their remaining sentence in Pakistan.
Pakistani prisoners will get benefit under the transfer of prisoner's agreement.

The families of the prisoners are very happy after this agreement as now they will be able to meet their family members here in Pakistan.

"There are 1,400 Pakistani prisoners in different UAE prisons at the moment.

A complete segregation process would start following the signing ceremony of the agreement and a mechanism for categorising the prisoners would be drawn in accordance with the articles of the agreement," the Pakistan Ambassador to UAE Jamil Khan remarked.

Under the articles of the agreement, the transfer of prisoners would be possible only if at least 6 months of the sentence to be served remain.

Furthermore, the persons convicted in heinous crimes such as crime against state, murder and financial embezzlement shall not be liable to transfer, explained the Ambassador.

The Ambassador added that this would resolve social and emotional problems of Pakistani inmates as they would be sent to Pakistan, preferably closer to their home town, where they would be able to see their loved ones frequently and would have a chance of reintegrating into society. (APP)

Military action no solution to Balochistan issue: Ijaz ul Haque


QUETTA: Pakistan Muslim League-Zia (PML-Z) Chief Ijaz-ul-Haque has said that military action was not solution to Balochistan issue.He was addressing a news conference at the Quetta Press Club here on Sunday.He urged the government to inform international community about interference of anti-Pakistan states in Balochistan.He emphasized the need to take practical measures to remove sense of deprivation amongst people of Balochistan.He said that no one could deny involvement of external hand in Balochistan situation.He was of the view that the US led forces fought 'so-called war' on terror in Afghanistan for 10 years adding that now the US government was in search of way to withdraw its forces from Afghanistan. He also underlined the need to launch steps to resolve price hike, unemployment and lawlessness issues.Ijaz ul Haque demanded for transparent and impartial accountability accross the board including politicians, bureaucrats, judges and military officials. (APP)


Business News

Mon, 27 Feb 2012
-Oil prices lower in Asian trade
SINGAPORE: Oil prices were lower in Asian trade Monday as traders took profits from last week s gains, while conce 
-Asian shares mixed amid Europe optimism, oil fears
HONG KONG: Asian markets were mixed on Monday after Japanese shares opened at their highest level in seven months 
-Euro firms as confidence grows over Greek bailout
TOKYO: The euro maintained its momentum against the dollar Monday as speculators bet the bailout for Greece will b 
-G20 to link bigger euro firewall to more IMF funds: official
MEXICO CITY: The eurozone will have to put in place a bigger financial firewall to combat the crisis before other 
-Sony returns to smartphones with new models
BARCELONA: Sony Corp. declared a return to the smartphone business on Sunday, unveiling its first smartphones unde 
-Increase in POL prices expected
ISLAMABAD: As oil prices increase in the international market, prices of petroleum products are expected to increa 
-G20 inches toward $2 trillion in rescue funds
MEXICO CITY: Germany is easing its opposition to a bigger European bailout fund, officials said, smoothing the way 
-Berkshire identifies Buffett successor, not by name
NEW YORK: Warren Buffett told investors on Saturday the Berkshire Hathaway board has identified his successor, eas 
-IMF sounds warning for global economy on rising oil
MEXICO CITY: The International Monetary Fund flagged higher oil prices as a rising threat to the global economy on 
-Pakistan, Iran "in talks on wheat barter deal"
ISLAMABAD: Iran has asked to import a million tonnes of wheat from Pakistan in a barter deal, a senior official in 
-Apple''s China legal battle over iPad spreads to US
LOS ANGELES/HONG KONG: A Chinese firm trying to stop Apple Inc from using the iPad name in China has launched an a 
-Abdul Hafeez Shaikh wants direct tax collection in top gear
ISLAMABAD: Advisor to Prime Minister on Finance, Dr. Abdul Hafeez Shaikh here on Friday emphasized the need for an 
-January: Economic indicators blink green
ISLAMABAD): The National Price Monitoring Committee (NPMC) was informed here on Friday that the Consumer Price Ind 
-Goldman Sachs sparks debate over Western banks? role in Islamic finance
LONDON: A controversial plan by Goldman Sachs to issue an Islamic bond has ignited a wider debate on whether conve 
-Brent pushes above $125 on Iran tensions
NEW YORK: Brent crude prices pushed above $125 a barrel on Friday and headed for a fifth straight weekly gain on h







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Mohammed Saleem Mansoori

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