Tuesday 2 October 2012

LATEST NEWS UPDATE: 03.10.2012



Rehman Malik on dual national MPs: Federation submits response to SC notice
ISLAMABAD: The federation on Wednesday submitted a reply in response to the Supreme Court’s notice seeking explanation and assistance over a statement allegedly made by Interior Minister Rehman Malik on the issue of dual national lawmakers, DawnNews reported.
On Sept 22, the apex court had sought explanation from Malik over his claims that there were several members of the parliament and provincial assemblies who held dual nationalities.
The reply, submitted by the Advocate-on-Record, took the stance that the minister’s statement was relayed out of context and that the minister had not issued any such statement.
It further said that the interior ministry had already issued a denial with respect to the statement.
More dual national lawmakers?
Taking notice of reports that quoted Malik and journalist Umar Cheema on the dual national lawmakers’ case, the court had directed for writing letters to Malik and Cheema to furnish details of members of the parliament and provincial assemblies holding dual nationality.
After the publication of a news story by Cheema published in daily The News dated 21.09.2012 and a statement of Malik published in the same newspaper dated 22.09.2012, the chief justice had directed the Supreme Court’s office to send letters to both Cheema and Malik to furnish details to substantiate the stand taken by them.
The court had also directed the office to send a letter to Begum Shehnaz Sheikh, former Minister of State for Health and PML-Q MNA, through Secretary National Assembly to confirm the information given in the newspaper alleging she has been an Australian-Pakistani for at least 16 years.
Verdict against dual national lawmakers
On Sept 20, the Supreme Court had disqualified 11 members of parliament and provincial assemblies, but had spared Malik for the time being. The only sentence Malik received for submitting a false declaration was a court observation that he could not be considered sagacious, righteous, honest and ameen.
However, like other lawmakers, the minister will be facing legal proceedings by the Election Commission of Pakistan (ECP) which may entail a punishment of up to seven years and also require him to reimburse all monetary benefits drawn by him up to July 11, 2012, for the period he occupied the public office.

LATEST/BRIEF  NEWS:

PAKISTAN

o   Pakistan reach World T20 semis
o   5 killed in overnight Karachi violence
o   Dr Asim warns of tough winters ahead
o   Flood affectees still remain stranded
o   Zardari returns home after foreign tour
o   Nawaz Sharif leaves for Italy
o   Russian FM Lavrov to arrive in Islamabad today
o   Kayani to begin 4-day Moscow visit today
o   SC hears Asghar Khan plea today
o   Ghinwa Bhutto announces to take out rally from Garhi Khuda Bukhsh to Karachi against SPLGO
o   IMF declares Pakistani financial condition unsatisfactory, demands to end power subsidy
o   Militants shifting focus from Pakistan to N Africa: Tunisia
o   President convenes NA session on Friday





WORLD

o   Toyota says September U.S. auto industry sales best since March 2008
o   Air Canada to form leisure group
o   DT in talks to merge T-Mobile USA with MetroPCS
o   Wall Street slips on Spain, earnings worries
o   U.S. officials see more financial crisis cases after JPMorgan suit
o   Boeing engineers reject four-year contract offer
o   NBC top in TV premiere week for first time since 2003
o   Major League Baseball renews deals with Fox, Turner
o   Irish deficit on target at end of third-quarter, spending a worry
o   Dolan says Dish had been happy with Voom HD channels
o   Rajoy says Spain won't request aid this weekend
o   Don't rubber-stamp CNOOC-Nexen deal: Canada opposition
o   Analysis: Uneasy role for IMF in euro zone crisis
o   What's in a name? For some Wall St. brokerages, not much anymore
o   Portugal finance minister likely to detail new austerity steps
o   Analysis: Romney would send consumers healthcare bill, with benefits
o   Iran to enrich uranium to 60 percent if nuclear talks fail
o   Iran's Ahmadinejad says Syria crisis may engulf region
o   Pennsylvania judge halts voter ID law for November 6 election
o   Clinton will respond to lawmakers, cooperate in Benghazi probe: spokeswoman
o   U.S. officials sought security before Libya attack: lawmakers
o   Georgian opposition celebrates as both sides see victory
o   Libya yet to work out U.S. cooperation in Benghazi probe
o   Our revolution has been stolen, say Libya's jihadists
o   Syria's Assad tours Aleppo, orders more troops into battle: paper
o   Samsung allowed to sell Galaxy Tab in U.S. as court lifts ban
o   Yemen forces kill three Qaeda leaders in bomb factory raid
o   Vatican butler alleges harsh conditions after arrest
o   Hollande party split on French deficit goal
o   GM, Ford see slower truck sales as Toyota gains
o   Border Patrol agent killed, another wounded in Arizona
o   Rajoy says Spain won't request aid this weekend
o   Chicago teachers vote whether to ratify deal that ended strike
o   As controversy swirls, Chesapeake picks Webb as lawyer
o   Before debate, Romney calls Obama weak on foreign policy
o   Exclusive: In-fighting raises concern over Volvo Car recovery - sources
o   BOJ seen on hold; eyes delay in meeting inflation goal
o   Undersea 6.2 magnitude quake strikes off northeast Japan
o   Analysis: Obama, Netanyahu got what they hoped for at U.N. meeting
o   Kin of Colorado theater victims want guns discussed in presidential debate
o   Fighting spreads in Aleppo Old City, Syrian gem
o   Pope's butler set to testify at Vatican trial
o   Exclusive: Spain ready for bailout, Germany signals "wait"- sources
o   Samsung files lawsuit against Apple over latest iPhone
o   End of payroll, Bush tax cuts top "fiscal cliff" fears: study
o   Bernanke tackles critics of Fed's growth push
o   Analysis: Obama, Netanyahu got what they hoped for at U.N. meeting
o   Korea peninsula could face "thermonuclear war," North tells U.N.
o   Ahead of debate, Romney calls Obama weak on foreign policy
o   Georgian opposition celebrates as both sides see victory
o   WTO chief says Doha rescue in U.S., China's hands
o   Medvedev points Facebook's Zuckerberg towards Russian IT sector
o   White House targeted in cyber attack
o   Analysis: After U.S. embassy attack, West uneasy over Saleh's role
o   Romney slams Obama over Middle East, calls for new course
Business News:
EXCHANGE FOR CURRENCY NOTES:

U.S.A              95.75
S.Arabia         25.53
U.K                 154.50
Japan              1.2257
Euro               123.48
U.A.E               26.07



BULLION RATES IN RUPEES PER 10 GRAMS
KARACHI
Gold Tezabi (24-ct)       Rs 53,871
Silver Tezabi                  Rs 1,002.85

Wed, 3 Oct 2012

-
Crude down in Asia on Spanish bailout denial
SINGAPORE: Crude prices slipped in Asia on Wednesday after Spanish Prime Minister Mariano Rajoy played down expect

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Dr Asim warns of tough winters ahead
ISLAMABAD: Advisor to the Prime Minister on Petroleum, Dr Asim Hussain Tuesday warned the nation of tough winters

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Rupee extends losses against US dollar
KARACHI: In the currency market, the rupee ended weaker at 94.90/94.95 to the dollar compared to Monday s close of

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Discount rate cut hopes give Karachi stocks a lift
KARACHI: Stocks at the local equities market closed higher on Tuesday as investors remained optimistic about the m

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Proposal to export further 0.2m tons sugar
KARACHI: Sugar Advisory Board (SAB) has submitted a proposal to the government to allow further 0.2 million tons o

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KSE upbeat on interest rate cut hopes
KARACHI: Karachi Stock Exchange (KSE) seems to have resumed its upward drive on the expectation of a further cut i

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Asian markets boosted by US manufacturing data
HONG KONG: Asian markets rose Tuesday following better-than-expected manufacturing data from the United States that

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Dollar, euro rangebound ahead of eurozone events
TOKYO: The dollar and the euro stayed within a tight range Tuesday, as investors waited for further developments

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Crude up in Asia on upbeat US manufacturing data
SINGAPORE: Crude was higher in Asia Tuesday after data showed the US manufacturing sector bounced back in September

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CNG price to be matched with other fuels: Dr Asim
(CNG)

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Rupee closes weaker against greenback
KARACHI: In the currency market, the rupee ended weaker at 94.88/94.94 to the dollar compared to Friday s close of

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Karachi stocks scale a 4-year peak
KARACHI: Capital market closed higher on Monday after the inflation rate hit a 33-month low, boosting the confident

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USD hits an all-time intra-day high vs rupee
KARACHI: The value of US dollar against rupee in the inter-bank has peaked at the highest in history, as during th

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Asian markets down on China, Europe worries
HONG KONG: Asian shares were broadly lower Monday as Chinese manufacturing activity slipped, Japanese business con

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Euro falls in Asia on Spain worries
TOKYO: The euro fell against other currencies in Asia on Monday as investors shunned risk amid worries over Spain


MOHAMMED SALEEM MANSOORI

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