Wednesday 31 October 2012

LATEST NEWS UPDATE: 01.11.2012



Pakistan’s Imran Khan ‘welcome’ in US: Mark Toner
WASHINGTON: Pakistani cricketer turned politician Imran Khan “is welcome” in the United States even though he was briefly held by US immigration agents in Canada, a US official said on Wednesday.
“We are aware that he was detained briefly in Toronto before boarding his flight to the United States,” acting State Department spokesman Mark Toner told reporters when asked about Khan’s questioning last week.
But he disputed allegations that Khan was held and interrogated for hours as he tried to board a New York-bound plane from the Canadian city.
Khan is the leader of the Pakistan Tehrik-i-Insaaf party (PTI) and has campaigned for an end to US drone strikes against suspected Taliban and al Qaeda militants in Pakistan’s tribal areas.
“My understanding is that the issue was quickly resolved and that Khan traveled into the United States, and certainly he is welcome in the United States,” Toner said.
Khan was headed to New York to attend a fundraiser organised by his party.
“I was taken off from plane and interrogated by US Immigration in Canada on my views on drones. My stance is known. Drone attacks must stop,” he wrote on Twitter.
Khan argues drone strikes are illegal and counterproductive and earlier this month he led thousands of supporters — and a group of American peace activists — on a march to the edge of Pakistan’s restive tribal districts to protest them.
Toner said he did not know “the specifics” of why Khan was held, but added: “I would just say that we certainly don’t want any legitimate traveler delayed for no reason.”

LATEST/BRIEF  NEWS:

PAKISTAN








o   Imran Khan sees a new Pakistan next year
o   Mian Israr-ul-Haq elected SCBA president
o   NAB summons 3 former generals
o   Nine including 2 police killed in Karachi violence
o   Two more bodies recovered as Karachi violence goes on
o   At least 207 Karachiites killed during October
o   UK court rejects legal challenge by US-held Pakistani
o   US rejects Jamaat-ud-Dawa''s offer of storm aid
o   Prime Minister Raja Pervez Ashraf has said the government is committed to hold free, fair and transparent general election as it would further help strengthen democracy in the country.
o   President Asif Ali Zardari has said the proposed Zulfikar Abad city should be a model both in respect of accommodation and employment generation.
o    Pak-India visa pact gets nod

WOLRD:
o   Northeast back to business after Sandy's hard hit
o   In hurricane, Twitter proves a lifeline despite pranksters
o   Climate and cost concerns mount in wake of "superstorm"
o   Barclays takes action on staff after Libor probe
o   GM posts profit, sees break even in Europe by mid-decade
o   Russia's election Magician pans "undemocratic" U.S. vote
o   Analysis: Investment sponges for a growth-saturated world
o   Obama, Romney put aside campaign for storm relief - for now
o   Afghanistan presidential election set for April 2014
o   Hong Kong named top financial center for second year
o   News Corp seals $2.1 billion Australia pay-TV deal
o   Disney to buy "Star Wars" producer for $4.05 billion
o   Superstorm Sandy cuts power to 8.1 million homes
o   Barclays hit by fresh U.S. investigations
o   Hurricane Sandy losses may be triple those of Irene
o   Obama, FEMA hustle federal disaster relief to Sandy's aftermath
o   Romney sticks to storm relief script at Ohio event
o   For Chris Christie, a Jersey shore drama that's also political
o   Race is tied, but most think Obama will win: Reuters/Ipsos poll
o   Disney to buy "Star Wars" producer for $4.05 billion
o   U.S. and EU push for progress in troubled Balkans
o   East Coast crippled by massive storm, death toll climbs
o   Greek government gets key backing to pass reforms
o   UBS to cut 10,000 jobs in fixed income retreat
o   Iran pulls back from nuclear bomb goal: Israeli defense minister
o   Obama and Christie make unlikely traveling companions
o   Obama to travel to New Jersey Wednesday to view storm damage
o   Obama says storm not yet over, government to aid local authorities
o   Obama cancels campaign trip, will view storm damage
o   Netanyahu says strike on Iran would be good for Arabs
o   Tidal surge on river floods three New Jersey towns
o   Washington D.C. escapes worst of storm Sandy
o   Syrian air force on offensive after failed truce
o   Home prices climb further in August
o   U.S. companies hustle to re-staff, reopen after Sandy
o   Sandy leaves unprecedented challenges for New York City subways
o   New Jersey PATH train likely out for at least a week: Governor
o   Sandy strikes in Canada too, far from storm's center
o   Greek journalists strike over suspension of presenters
o   Hurricane Sandy disrupts Northeast U.S. telecom networks

Business News:
Pakistan
EXCHANGE FOR CURRENCY NOTES:

U.S.A              96.76
S.Arabia         25.80
U.K                 155.63
Japan              1.2155
Euro               125.40
U.A.E              26.34


BULLION RATES IN RUPEES PER 10 GRAMS
KARACHI
Gold Tezabi (24-ct)      Rs 52,971
Silver Tezabi                 Rs 934.28












Wed, 31 Oct 2012

-
US markets reopen after two-day shutdown
NEW YORK: US stock markets reopened Wednesday after a historic two-day closure forced by
 superstorm Sandy, which c

-
US dollar touches Rs96 in open market
According to currency dealers, despit

-
Dollar weakens in Asian trade
TOKYO: The dollar lost ground in Asian trade Wednesday following the Bank of Japan s latest
 easing measures and a

-
Crude mixed in aftermath of superstorm Sandy
SINGAPORE: Oil prices were mixed in Asia on Wednesday as traders reviewed damage along the
US East Coast caused by

-
US stock markets to reopen on Wednesday after storm
NEW YORK: Major US stock exchanges expect to reopen on Wednesday after Sandy, the worst
storm to hit New York in n

-
No change in CNG rates till new formula: OGRA
ISLAMABAD: Chairman Oil and Gas Regulatory Authority (OGRA) Tuesday said the prices of
Compressed Natural Gas (CNG

-
24-hr CNG pumps closure from Wednesday
KARACHI: The pumping stations of Compressed Natural Gas (CNG) will remain closed for
24 hours across the Sindh pro

-
NAB gives Turkish RPP a clean exit
KARACHI:In what appeared to be a generous move, the National Accountability Bureau (NAB),
 Pakistan s premier anti-

-
Hurricane Sandy threatens $20 billion in economic damage
WASHINGTON: Hurricane Sandy may cause as much as $20 billion in economic damage and
losses as the biggest Atlantic

-
Oil extends losses as storm lashes US east coast
SINGAPORE: Oil extended losses in Asian trade on Tuesday as mega-storm Sandy tore through
the eastern coast of the

-
Dollar holds firm ahead of BoJ announcement
TOKYO: The dollar held firm against the yen in Asian trade on Tuesday as the market awaited
policy announcements b

-
No slash in transport fares, despite CNG price cut
FAISALABAD: The Supreme Court s Eid gift to the general public has been stolen by the
transporters, as the transpo

-
Dollar stays below 80 yen ahead of BoJ meeting
TOKYO: The dollar traded below 80 yen in Asia on Monday ahead of a meeting of the
Bank of Japan which was expected

-
Crude down in Asia as hurricane threatens US east coast
SINGAPORE: Oil prices fell in Asia Monday as US refineries cut crude production in
anticipation of a plunge in energy

-
Asian markets mostly higher after US growth
HONG KONG: Asian markets mostly rose on Monday following better-than-expected
US growth data, although gains were

MOHAMMED SALEEM MANSOORI

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