Wednesday 28 November 2012

LATEST NEWS UPDATE: 29.11.2012





Karachi law and order case: SC resumes hearing
KARACHI: The Supreme Court on Wednesday resumed the hearing in the Karachi law and order case.
A five-judge bench of the apex court, headed by Justice Anwar Zaheer Jamali, is seized with the hearing of a case pertaining to the implementation of the apex court order in the suo motu case related to frequent targeted killings in Karachi. The other bench members are Justices Khilji Arif Hussain, Sarmad Jalal Osmany, Amir Hani Muslim and Athar Saeed.
Earlier during Monday’s hearing, the bench had observed that the constituencies in Karachi should be delimited in a manner that they comprise “mixed population” to avoid political polarisation and issued notice to the secretary of the Election Commission of Pakistan after an ECP official submitted that the process of delimitation of constituencies in the city could not be initiated.
Last year, the Supreme Court had given its detailed order in the case after the chief justice had taken suo motu action on the security situation in the city.

LATEST/BRIEF  NEWS:

PAKISTAN (Brief News):








o   Nobody is above the law, says CJ
o   Pak-US ties fully repaired, says Khar
o   Shikarpur: Twelve killed in bus accident
o     Khi voter lists verdict reserved: SC
o   Sindh CNG stations re-open one day earlier
o    Robber nabbed after shootout in Karachi
o   Afghan FM due in Islamabad tomorrow
o   President to give poll date in March 2013






WOLRD(Brief News):
o   Obama pushes tax agenda, Congress in stand-off
o   Egypt protests continue in deadlock over Mursi powers
o   EU approves Spain bank restructuring, opens door to aid
o   Syria says 34 killed in Damascus bombings
o   Congo M23 rebels say withdrawing forces
o   Palestinians win support from Swiss, Danes for U.N. vote
o   Euro zone central banks may roll over their Greek bonds: document
o   U.S. declines to name China currency manipulator
o   Analysis: Confusing hard and soft power in emerging markets
o   The biggest struggle yet for Citi's repairman
o   Analysis: U.S. pilots vote on deals, other airline staff agitate
o   Greece, markets satisfied by EU-IMF Greek debt deal
o   Fed's Evans wants more easing, Fisher wants limits
o   Report challenges key Pentagon spending assumption
o   Rice meeting with senators fails to dampen criticism
o   Judge orders tobacco companies to admit deception
o   Syria launches air strikes as combat rages in Damascus
o   Egyptians challenge Mursi in nationwide protests
o   Greece, markets satisfied by EU-IMF Greek debt deal
o   HP rebuffs ex-Autonomy CEO, warns of legal action
o   Merchants appeal $7.2 billion card-fee settlement
o   Samples taken from Arafat corpse for poison tests
o   Obama promotes tax agenda, Congress in stand-off
o   ACLU sues over policy barring women from combat
o   Judge orders tobacco companies to admit deception
o   Rice meeting with U.S. senators fails to dampen criticism
o   Obama to meet executives, go to Pennsylvania for fiscal push
o   Business spending plans improve despite fiscal cloud
o   November consumer confidence hits more than four-year high
o   ConAgra finally wins Ralcorp in $5 billion store-brand food bet
o   Palestinians say no rush to join international court after U.N. vote
o   France to back Palestinian U.N. status
o   Congo rebels say will withdraw from Goma
o   Satellite photo shows increased activity at North Korean launch site
o   China defense chief says military buildup no threat to the world
o   Air strike on Syrian olive press kills, wounds dozens
o   Insight: Sandy gives New York oil supply lesson
o   Schapiro stepping down at SEC, Walter to step in
WOLRD BUSINESS(Brief News):
o   China certain to hit 7.5 percent 2012 GDP growth target: Commerce Minister
o   German media lament "never-ending story" of Greek bailouts
o   Euro zone central banks may roll over their Greek bonds: document
o   Greek banking stocks plunge for second day on debt buyback concerns
o   EU approves Spain bank restructuring, opens door to aid
o   UK retailer Comet set to close another 125 stores
o   Spain's banks must cut branches, bondholders to share losses: EU Commission
o   Stock futures signal flat to lower open
o   UAE buys into BP's UK fields as relations improve
o   Standard Chartered top economist Lyons steps down
o   China investment levels excessive, risks are rising: IMF research
o   Vivendi's SFR telecom unit to cut 856 jobs
o   Exclusive: Calpers triggers legal fight with bankrupt San Bernardino over pension debt
o   Kenya inflation seen close to bottom in November
o   European shares dip on U.S., Greek worries
Business News:
Pakistan

EXCHANGE FOR CURRENCY NOTES:

U.S.A              97.06
S.Arabia         25.88
U.K                 155.41
Japan              1.1856
Euro               125.52
U.A.E             26.43

BULLION RATES IN RUPEES PER 10 GRAMS
KARACHI
Gold Tezabi (24-ct)      Rs 54,385
Silver Tezabi                Rs 1,002.85




Thu, 29 Nov 2012

-
Oil prices bounce back in Asian trade
SINGAPORE: Oil prices rebounded in Asian trade Thursday on hopes the United States will reach a deal to avoid the

-
Asian markets rise on US fiscal deal hopes
HONG KONG: Asian markets tracked Wall Street higher on Thursday as investors following talks in the United States

-
Dollar mixed in Asia on ''fiscal cliff'' remarks
TOKYO: The dollar was mixed in Asian trade on Thursday as markets look for signs of a deal in solving a US budgetary

-
Owners refuse to open CNG stations
LAHORE: The CNG Owners Association is adamant on not providing relief to the commuters and motorists who have been

-
SIM retailing ban to kill thousands of jobs: traders
KARACHI: Traders have flatly rejected a ban that bars the shopkeepers from selling of mobile phone SIM cards at re

-
Sindh CNG stations to open Thursday 9AM: SSGC
KARACHI: The Compressed Natural Gas (CNG) outlets in Sindh will open for the consumers at 9:00 AM tomorrow (Thursday)

-
Strong demand for dollar weakens rupee
KARACHI: The rupee on Wednesday weakened at 96.53/96.58 to the dollar, compared to Tuesday s close of 96.12/96.22,

-
Karachi Stock Exchange on record-making spree
KARACHI: Local capital market hit a record high for the second straight session on Wednesday, surging above 16,500

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LPG price goes up by Rs15 per kg
b

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OGRA incapable as regulator: Dr Asim
ISLAMABAD: Advisor to Prime Minister for Petroleum and Natural Resources Dr Asim Hussain has said that the Oil and

-
Euro slips after buying on Greek rescue fizzles
TOKYO: The euro slipped in Asian trade on Wednesday after a buying spree sparked by Greece s bailout deal fizzled

-
CNG stations in Sindh shut for 48 hours
KARACHI: CNG stations in Sindh will remain closed for 48 hours starting from 9 am Wednesday to 9 am on Friday, Geo

-
Oil prices mixed in Asian trade
SINGAPORE: Oil prices were mixed in Asian trade Wednesday as investors focused on US budget talks and doubts emerged

-
CNG strike enters third day in twin cities
ISLAMABAD/RAWALPINDI: The unannounced strike of CNG stations entered into the third day on Tuesday against the red

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Rupee loses against greenback; o/n rates flat
KARACHI: In the currency market, the rupee weakened at 96.12/96.22 to the dollar, compared to Monday s close of 96













MOHAMMED SALEEM MANSOORI

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