Wednesday, 7 March 2012

DAILY LATES NEWS UPDATE:08.03.2012


PM’s contempt of court hearing adjourned till March 21


ISLAMABAD: Supreme Court adjourned the contempt of court case hearing against Prime Minister Yousuf Raza Gilani till March 21, DawnNews reported.
A seven-judge SC bench, headed by Justice Nasirul Mulk was hearing the case.
SC ordered that PM should submit the written reply till March 19 and if the reply would not be submitted, then the premier would have to appear before the court on March 21.
on March 7, Gilani’s counsel, Barrister Aitzaz Ahsan was ordered by Justice Nasirul Mulk to submit appropriate evidence pertaining to the case, on which, the counsel submitted the summaries.
Nargis Sethi informed the court that she was the Principal Secretary of PM from December 15, 2008 till January 17, 2011.
She said the responsibility of Principal Secretary is to assist PM to perform tasks related to the public affairs.
The court asked to record the written statement of Ms Sethi.
Aitzaz Ahsan complained that the court did not let him ask few questions.

SC hears Asghar Khan case


Supreme Court on Thursday resumed the hearing of the petition filed by Asghar Khan pertaining to Inter Services Intelligence (ISI) distributing money among politicians.

A three-jmember SC bench, headed by Chief Justice Iftikhar Mohammad Chaudhry was hearing the case.

The record of the case has been opened on the orders of the apex court.

Chief Justice in previous hearing said that the record of the case should be provided to all the parties.

He said that the statement of Lt Gen (retd) Asad Durrani, former director general of the ISI was vital for the case.

The court had issued notices to Asad Durrani and Younis Habib in previous hearing.

Business News:

Wed, 7 Mar 2012


-           KSE: Regional bourses weigh down on local stocks
KARACHI: Stocks ended lower on Wednesday as cautious investors booked profits at higher levels, taking cues from r
-           Rupee ends two-dimensional in currency market
KARACHI: In the currency market on Wednesday the rupee ended almost flat at 90.87/94 to the dollar, compared to it

-           Reserve Bank of India fears serious stagflation
NEW DELHI: Rising global crude oil prices and slowing growth at home could push India into stagflation, and the go


-           Syed Ali Raza resigns as chairman NBP
KARACHI: Syed Ali Raza has stepped down as the chairman of National Bank of Pakistan, Geo News reported. Ac

-           Asian markets lower on Greece jitters
HONG KONG: Asian markets slipped for a third straight day Wednesday as dealers nervously await Greece s crucial de

-           Oil prices higher on Iran concerns
SINGAPORE: Oil prices rebounded in Asian trade Wednesday amid lingering concerns over Western efforts to rein in I

-           CNG pumps not to end business in KP: Paracha
PESHAWAR: Chairman All Pakistan CNG Association, Ghayas Paracha Tuesday said CNG stations operating in Khyber Pakh

-           Rupee ends weaker at 90.88/93 to dollar
KARACHI: In the currency market, the rupee ended weaker at 90.88/93 to the dollar, compared to its close on Monday

-           KSE 100-share index gains 46 points
KARACHI: The Karachi Stock Exchange (KSE) benchmark 100-share index rose 0.35 percent, or 46.03 points, higher at

-           India''s farm minister hits out at cotton export ban
NEW DELHI: India s Agriculture Minister Sharad Pawar said on Tuesday he had asked the prime minister to reverse a

-           Apple expected to unveil new iPad


-           CALIFORNIA: Apple is expected to reveal a new version of its coveted iPad on Wednesday in its first major media e

-           Yen firms against dollar and euro in Asia
TOKYO: The yen edged up against the dollar and the euro in Asian trade Tuesday as investors adjusted their positio

-           Oil prices up on Iran risks
SINGAPORE: Oil prices edged higher in Asian trade Tuesday as geopolitical tensions over crude producer Iran s nucl

-           Asian markets slip on lower China growth target
HONG KONG: Asian markets fell on Tuesday after China cut its growth target for this year and caution over Greece s

-           China cuts growth target to 8-year low
BEIJING: Chinese Premier Wen Jiabao cut his nation s 2012 growth target to an eight-year low of 7.5 percent and ma



 
LATEST NEWS/BRIEF NEWS:

·  Babar Awan contempt verdict today
·  SC directs PM Gilani to write Swiss letter without any advice
·  PR drivers observe wheel-jam strike
                             ·  SC seeks Gilani's written reply by 19th

MOHAMMED SALEEM MANSOORI

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