Sunday, 22 July 2012

LATEST NEWS UPDATE: 23.07.2012

Pakistan military rejects Afghan claim

RAWALPINDI: Pakistan’s military officials on Sunday rejected the Afghan official’s allegation that Pakistani troops fired 400 rockets across border in Afghanistan, terming it as ‘misleading’, DawnNews reported.
According to a military official here on Sunday, Pakistan’s troops pursue and target only those militants and areas from where they are attacked/fired upon.
Though Kabul had not directly accused the Pakistani military of being responsible, provincial spokesman of Kunar Wasifullah Wasifi told AFP that more than 300 heavy artillery shells and rockets were fired from Pakistan into Dangam district of eastern Kunar province on Friday and Saturday,killing at least four people.
Afghan officials had also added that both Afghan and Pakistani Taliban militants were operating in the Pak-Afghan border area.
Afghanistan’s Deputy Foreign Minister Jawed Ludin on Sunday summoned Pakistan’s ambassador in Kabul to discuss the latest barrage of periodic shelling across the Durand Line, a foreign ministry statement said.
It may also be mentioned that during last one year almost 15 cross border attacks have been carried out from across the border by militants on Pakistani check posts and civil population in Dir and Chitral in which over 100 civilian and security forces personnel have embraced martyrdom.
Mukherjee elected Indian President
NEW DELHI: Former finance minister Pranab Mukherjee was elected Indian president on Sunday after votes from national and state lawmakers were counted in the race for the mainly ceremonial post.
Some analysts believe Mukherjee, a veteran from the ruling Congress party, may take a more active approach to the job than his predecessors as India struggles with a parliamentary deadlock and slowing economic growth.
The PTI news agency announced Mukherjee, 76, as the winner after he collected more than half of the electoral college votes during counting on Sunday.
He easily beat his only rival P.A. Sangma, 64, a former lower house speaker who was backed by the main opposition Bharatiya Janata Party (BJP).
India's president, who lives in a 340-room palace in New Delhi built for the British Viceroy during colonial rule, is chosen by legislators from the two houses of parliament and state assemblies.
Under the constitution, the prime minister wields most of the executive power, but the president can play a guiding role in the process of forming governments.
The next general election, due to be held in 2014, is predicted to be close, leading to a period of complex horse-trading between numerous national and regional parties trying to form a stable coalition government.
"It's in this turbulent scenario Mukherjee as a president will be able to steer the ship of the state. He's a troubleshooter," said Sanjay Kumar, an analyst at India's Centre for the Study of Developing Societies.
Mukherjee, a canny operator renowned for his negotiating skills, may also try to use the presidential position to foster a behind-the-scenes deal between warring parties who have reduced parliament to a stalemate in recent sessions.
Despite the president being a neutral figure above party politics, his success on Sunday was a welcome victory for the embattled Congress party, which has been beset by a string of graft scandals and poor economic data.
Mukherjee commands respect across party lines, but his performance as finance minister was criticised for his failure to push through reforms to further liberalise India's economy.
His exit from the ministry has raised investors' hopes that Prime Minister Manmohan Singh, who has taken over the finance portfolio, could embark on long-awaited moves such as opening up the giant retail sector to foreign investment.
Mukherjee will be formally sworn in on Wednesday, taking over for a five-year term from Pratibha Patil, India's first woman president.

LATEST/BRIEF  NEWS:

·       PM, Law Minister discuss pending cases
·       Nawaz, Munter discuss Pak-US relations
·       PM, Law Minister discuss pending cases
·       Karachi police arrest several suspects
·       ISI, CIA chiefs meeting on August 2
·        New CEC Justice Fakhr to take oath today
·        SC to begin hearing petitions against Contempt Act today
·       Saudi Arabia calls for extraordinary Muslim summit
·        Thar coal, KBD projects must for industry




Business News:

EXCHANGE FOR CURRENCY NOTES:

U.S.A              95.34
S.Arabia         25.42
U.K                 149.75
Japan              1.2129
Euro               116.94
U.A.E               25.96

BULLION RATES IN RUPEES PER 10 GRAMS
KARACHI
Gold Tezabi (24-ct)    Rs 48,514
Silver Tezabi              Rs 801.42


Mon, 23 Jul 2012

-Oil falls $1 on renewed euro zone debt fears
SINGAPORE: Oil prices fell more than $1 a barrel on Monday on renewed fears about Europe s debt crisis after tiny 
-Euro falls below 95 yen for first time in over a decade
TOKYO: The euro hit fresh lows against the Japanese currency on Monday, falling below 95 yen for the first time in 
-Secretary-level trade talks with Pak in Sept: India
HYDERABAD: Indian trade secretary S R Rao Saturday said that Pakistan-India trade secretaries talks that were supp 
-Government borrows Rs.51bn in 6 days from SBP
KARACHI: The government has borrowed Rs51 billion in six days from the State Bank of Pakistan, Geo News reported. 
-Prices jack up by 7.95 pc in current week
KARACHI: During the week ending July 19 as compared to the previous year food inflation was recorded at 7.95 perce 
-IMF economist accuses Fund of suppressing information
WASHINGTON: A veteran economist at the International Monetary Fund has resigned in protest at what he calls the IM 
-Asian markets mixed after previous rally
HONG KONG: Asian markets were mixed in early trade on Friday after impressive rallies in the previous session while 
-Dollar mixed in Asian trade
TOKYO: The dollar was mixed in Asian trade Friday after earlier dipping on speculation that an uncertain US economy 
-Crude down in Asia on profit taking
SINGAPORE: Crude prices fell in Asia Friday as traders took profits after a week of gains sparked by tensions in t 
-SECP orders inspection of four companies
 Department 
-KESC links end to outages with adequate supply of gas
KARACHI: Karachi Electric Supply Company (KESC) on Thursday if adequate gas is supplied to the utility it would no 
-World Bank approves $5mn grant for Balochistan
ISLAMABAD: The World Bank (WB) announced the approval of a US$ 5 million grant from Khyber-Pakhthunkhwa, Federally 
-Pakistan?s total liquid foreign exchange reserves $14,939.5mn
KARACHI: Pakistan s total liquid foreign exchange reserves stood at $14,939.5 million on July 13, 2012, State Bank 
-Fruit, vegetable prices shoot up ahead of Ramazan
KARACHI: In what is seen as a normal phenomenon just before the beginning of the holy month of Ramzan, the prices 
-Euro mixed in Asia after German leader''s comments
TOKYO: The euro was mixed in Asian trade Thursday amid worries over Europe s fiscal woes and comments from German


MOHAMMED SALEEM MANSOORI

No comments:

Post a Comment