Sunday 2 December 2012

LATEST NEWS UPDATE: 03.12.2012



Ties with Pakistan now on firm grounds: US
WASHINGTON: US Secretary of State Hillary Clinton and Foreign Minister Hina Rabbani Khar will meet in Brussels on Tuesday on the sidelines of a Nato meeting as the United States and Pakistan rebuild their ties on a firmer footing, says the State Department.
Asked if Pakistan was seeking more funds, the department’s spokesperson Victoria Nuland said at a briefing the two countries had a number of economic projects in Pakistan and the meetings in Washington had reviewed those to ensure that they were targeted properly and on track.
Both sides were looking at possibilities “to encourage increased investment and to open markets,” she said when a journalist suggested that Pakistani Finance Minister Abdul Hafeez Shaikh was in Washington “essentially on a fund-raising trip.”
Ms Nuland noted that Secretary Clinton met President Asif Ali Zardari and Foreign Minister Khar during the UN General Assembly in September as well.
US special envoy Marc Grossman was in Pakistan in October and the two sides also held a number of working-group meetings while more meetings are planned in Islamabad later this month.
‘So obviously, the pace of interaction is much more back to normal now and puts the relationship on this firmer footing we’ve both sought,” Ms Nuland said, adding that since July the US and Pakistan have been working regularly on improving their strained ties.
Meanwhile, in a meeting with USAID Administrator Rajiv Shah, the Pakistani delegation and their American counterparts also reviewed various US assisted programmes in Pakistan aimed at boosting the country’s economic growth.—Correspondent
Turkey’s defense, Pakistan top Clinton’s agenda
WASHINGTON: US Secretary of State Hillary Rodham Clinton is heading to Europe to discuss Turkey’s defense and US relations with Pakistan.    
Her first stop is the Czech Republic for talks on energy policy in a country heavily dependent on Russian fuel.
Clinton joins Nato foreign ministers in Brussels to discuss Turkey’s request for Patriot missile assistance.
Violence is raging in neighboring Syria, which is believed to have several hundred ballistic surface-to-surface missiles capable of carrying chemical warheads, a particular concern for Turkey, a Nato member.
On Friday, Nato said it will deploy the Patriots within weeks after the move is approved.
Clinton also is to meet Pakistan’s foreign minister, Hina Rabbani Khar.  Her trip, which began Sunday, ends Friday with visits to Ireland and Northern Ireland.

LATEST/BRIEF  NEWS:

PAKISTAN (Brief News):
o  KHI: Seminary administrator gunned down
o  Two bodies found in Karachi
o  Man gunned down near Al-Asif, Karachi
o  NASC meets over CNG price issue today
o  Pakistan is the biggest victim of terrorism: Indian MP
o  Altaf warns against imposing judicial martial law




WOLRD(Brief News):
o   Mursi calls December 15 referendum, Islamists rally
o   Suicide bombers attack U.S. base in Afghanistan
o   Analysis: Greek deal puts euro zone in slow recovery room
o   Hamas complains to Egypt after Israeli army kills Gazan
o   Syrian rebels bombed, opposition open to peacekeepers
o   Grand jury probing meningitis-linked pharmacy: newspaper
o   Analysis: Drugmakers step up search for hearing loss medicines
o   At least three dead after Japan tunnel collapse: TV
o   Soyuz rocket blasts off from French Guiana
o   Emails suggest SEC's Schapiro delayed JOBS Act rule amid concerns about legacy
o   PM says Greek pension funds won't join debt buy-back
o   Exclusive: News Corp to name Thomson as Publishing Co CEO next week - sources
o   Hearing for U.S. soldier in WikiLeaks centers on prison treatment
o   Little progress in U.S. "fiscal cliff" talks
o   Mexico's Pena Nieto takes power vowing to end violence
o   Syria rebels bombed as opposition open to peacekeepers
o   Merkel reaffirms support for Israel after U.N. vote
WOLRD BUSINESS(Brief News):
o   Chancellor Osborne says sticking with austerity plan
o   Britain's Osborne says sticking with austerity plan
o   Analysis: Steel reprieve comes at price for France's Hollande
o   Spain's Rajoy says it may be difficult to meet deficit target
o   Analysis: Greek deal puts euro zone in slow recovery room
o   Toyota China sales tumble again in Nov, though pace eases: executive
o   Emails suggest SEC's Schapiro delayed JOBS Act rule amid concerns about legacy
o   Fed trio spars on low-rate policy ahead of December meeting
o   Merkel does not rule out future Greek debt "haircut"
o   Boeing union says trying to halt calls for wildcat strike
o   Fed officials spar on effectiveness of current monetary policies
o   Holdout investors seek deposit from Argentina by December 10
o   French unions rage at Hollande over Mittal deal
o   Chinese tycoon must reapply for approval on Iceland resort: media
o   PM says Greek pension funds won't join debt buy-back
Business News:
Pakistan
EXCHANGE FOR CURRENCY NOTES:

U.S.A              97.47
S.Arabia         25.99
U.K                 156.39
Japan              1.1818
Euro               126.67
U.A.E             26.54

BULLION RATES IN RUPEES PER 10 GRAMS
KARACHI
Gold Tezabi (24-ct)     Rs 54,171
Silver Tezabi                Rs 102.00



 Mon, 3 Dec 2012

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Oil prices up in Asia on Middle East fears
SINGAPORE: Crude prices rose in Asia Monday after UN chief Ban Ki Moon warned that Israel s new resettlement plans

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CNG stations closed for three days in Lahore
Lahore: CNG Stations have been closed in Lahore region for the next three days as part of Gas Load Management Plan

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Asim meets Ahmadijejad, gas pipeline discussed
TEHRAN: Advisor to Prime Minister on Petroleum and Natural Resources, Dr Asim Hussain, called on Iranian President

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Dr Asim meets Iranian petroleum minister
TEHRAN: Advisor to Prime Minister on Petroleum and Natural Resources, Dr. Asim Hussain held meetings with the Iran

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Marketers jack up LPG prices once again
The LPG

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OGRA approves raise in gas tariff
ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) has given approval to an increase in gas tariff and sent th

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KSE gains 336 points during the week
KARACHI: Karachi Stock Exchange (KSE) was seen buoyant all through the week making a handsome gain aggregating to

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CNG stations shut for 6th consecutive day in Lahore
LAHORE: The CNG stations are shut on the sixth consecutive day following the call of CNG Association in protest ag

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Karachi Stock Exchabge tops yet another record peak
KARACHI: Local stocks hit a record high for the fourth day in a row on Friday, closing the week up nearly 3 percent

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IMF urges Pakistan to reduce budget deficit
WASHINGTON: The International Monetary Fund on Thursday urged Pakistan to reduce its large budget deficit to bolst

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CNG stations closed for 5th consecutive day in Lahore
LAHORE: The CNG stations are shut on the fifth consecutive day following the call of CNG Association in protest ag

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Asian markets rise, yen weakens on Japan stimulus
HONG KONG: Asian markets mostly climbed on Friday after data showed the US economy grew more than first expected i

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Oil prices lower in Asian trade
SINGAPORE: Oil prices eased in Asian trade Friday as investors took profit from a rise in New York, while markets

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Yen slips in Asia as risk sentiment turns up
TOKYO: The yen lost more ground in Asian trade Friday, hitting a seven-month low against the euro as risk sentiment

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Govt rejects OGRA proposed CNG price hike
ISLAMABAD: Advisor to the Prime Minister for Petroleum, Dr Asim Hussain Thursday set aside the Oil and Gas Regulatry


















MOHAMMED SALEEM MANSOORI

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