Tuesday 4 September 2012

LATEST NEWS UPDATE: 05.09.2012



Raja convenes Cabinet meeting on Wednesday
ISLAMABAD: Prime Minister Raja Parvez Ashraf has convened a meeting of the Federal Cabinet on Wednesday; it is likely that the Anti-Terrorism amended Bill-2012 will be approved in the meeting, SAMAA reported on Tuesday.
According to the meeting agenda received by SAMAA, the Cabinet will approve increase of minorities seats in the National and provincial assemblies during the meeting. A new policy on weather change will also be approved by the Cabinet.
The cabinet will approve a letter of understanding regarding NDMAs cooperation with Turkey and Sri Lanka in the meeting on Wednesday (tomorrow).
The Federal Cabinet will mull over formation of a commission over energy crisis and government reforms while ECC decisions taken on August 7 and 16 will also be approved.
A briefing over consumer price index will be given to the Cabinet during meeting tomorrow. Prime Minister Raja Parvez Ashraf will chair the Cabinet meeting in Islamabad. SAMAA
PPP, MQM discuss LG Ordinance
KARACHI: PPP and MQM leaders' met here at Chief Minister house to resolve differences on legal clauses of Sindh Local Government (LG) Ordinance.
According to the sources, the differences on various legal clauses of LG Ordinance have been resolved during the meeting, which lasted for more than two hours.
Chief Minister Syed Qaim Ali Shah and Sindh Governor Dr Ishrat ul Ebad among various leaders of both PPP and MQM were present in thee meeting.
Meanwhile, provincial Minister for Local Government Agha Siraj Durrani said that the people of Sindh would soon hear good news regarding LG system.
The sources said that Local Government Ordinance is likely to be promulgated by Wednesday evening.

LATEST/BRIEF  NEWS:

PAKISTAN

o    Dr Ishrat for uniform system in Sindh
o   LG system for Sindh: PPP to take ANP, Pagara into confidence
o   ‘Visiting Pak with greater optimism’
o   FBI probing Peshawar suicide attack: US
o   PPP, PML-N to meet tomorrow
o   Petition filed against Sharjeel Memon
o   Navy SEAL could face charges: US
o   Karachi violence leaves two dead
o   Karachi bus accident leaves 15 passengers hurt
o   Rain turns Karachi's weather pleasant
o   PPP, MQM settle local body issues; ordinance likely today
o   Pak-Australia 1st T20 clash today
o   Visiting Pakistan with greater optimism: Krishna
o    Pakistan, India to sign three trade pacts
o   Nawab Akbar Bugti’s killing is the biggest embezzlement with country: Chief Justice
o   Afridi doubtful for Pakistan's T20 series with Australia
o   Lahore police seize 3,000 kites, arrest two accused
o   Imran sends Rs10b notice to Khawaja Asif
o   PTI Waziristan peace march on October 6
o   LHC hears contempt plea against Zardari today
o   CJP terms Bugtis killing biggest mistake in Pak history












WORLD

o    Police say one person shot dead at victory rally for new Quebec premier
o    US forecasters: Tropical Storm Michael forms over eastern Atlantic, poses no threat to land US
o    Construction spending fell 0.9 percent in July, biggest drop in 12 months
o    Kelly Ripa introduces former NFL star Michael Strahan as her new co-host of morning talk show
o    Afghan officials: Suicide bomber kills 10 civilians at funeral in country's east
  • Rebels hit army headquarters in Damascus
  • China warns U.S. not to take sides in sea disputes
  • Obama, Democrats to make their case as convention opens
  • Iran could strike U.S. bases if Israel attacks: Hezbollah
  • Two U.S. consulate employees wounded in Pakistan bomb attack
  • Rebels hit army headquarters in Damascus
  • New York probes private equity tax strategy: source
o    Analysis: Does history suggest China growth is about to rebound?
  • Oil up at around $116 on stimulus hopes
Business News:
EXCHANGE FOR CURRENCY NOTES:

U.S.A              95.55
S.Arabia         25.48
U.K                 151.88
Japan              1.2194
Euro               120.53
U.A.E                         26.01


BULLION RATES IN RUPEES PER 10 GRAMS
KARACHI
Gold Tezabi (24-ct)    Rs 50,914
Silver Tezabi              Rs 917.14

Wed, 5 Sep 2012

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Asian markets slip on weak US manufacturing
HONG KONG: Asian markets slipped further on Wednesday following losses in Europe and on Wall Street after a third

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Euro weaker in Asia ahead of ECB meeting
TOKYO: The euro weakened in Asia early Wednesday, with markets cautious ahead of a European Central Bank meeting d

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Rs10bn released to Water, Power Ministry
ISLAMABAD: The Finance Ministry has released Rs10 billion more to the Ministry of Water and Power for production o

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Stocks end lower; rupee weakens vs dollar
KARACHI: The local equities witnessed decline at Karachi Stock Exchange (KSE) on Tuesday as investors booked profile

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USC also hikes flour price/kilo by Rs2
KARACHI: Utility Stores Corporation (USC) s countrywide outlets have also jacked up per kilo flour price by Rs2, G

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Moody''s downgrades EU rating outlook to ''negative''
NEW YORK: Moody s on Monday lowered the European Union s long-term issuer rating outlook from stable to negative,

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Euro rises ahead of European Central Bank meeting
TOKYO: The euro strengthened in Asian morning trade on Tuesday ahead of a European Central Bank meeting at which o

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Asian markets steady, euro up ahead of ECB meeting
HONG KONG: Asian markets were mixed but the euro rose Tuesday as attention turns to a European Central Bank policy

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Oil up in Asia on China, Europe stimulus hopes
SINGAPORE: Crude rose in Asia on Tuesday as weak manufacturing numbers from Europe and China boosted hopes of fresh

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Moody''s downgrades EU credit rating outlook
ne

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KSE reaches 4-year high
KARACHI: Karachi Stock Exchange (KSE) closed at a four-year high on Monday, driven by stronger global commodities

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Karachi: Chakki flour rate up by Rs1/kg
KARACHI: Following flourmills, chakki flour price also jacked up by Rs1/- per kilogram, which is now selling at Rs

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Asian markets mostly up on stimulus hopes
HONG KONG: Asian markets mostly rose Monday after more weak Chinese manufacturing data fuelled hopes for fresh mon

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Dollar mixed in Asia on Fed easing signs
TOKYO: The dollar was mixed in Asian trade on Monday with the unit weakening against the yen after US Federal Reserved

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Oil down in Asia
SINGAPORE: Crude prices fell in Asia Monday with traders disappointed after US Federal Reserve chief Ben Bernanke


MOHAMMED SALEEM MANSOORI

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