Thursday 28 February 2013

LATEST NEWS UPDATE: 01.03.2013



Latest News in Brief:
o   President Zardari meets Senator Abidi
o   Faisal Raza Abidi likely to get important responsibility
o   Elections will be held in any case, says PM
o   Neither I, nor party advised Ebad to resign: Altaf
o   Pakistan, South Africa first T20 today
o   Two more die in Karachi firing incidents
o   Continued violence claims six lives in Karachi
o   Ambassador Rehman, US Senator Casey discuss bilateral ties
o   Zardari to discuss caretaker setup with PPP leaders today
o   NAB recovers Rs185.2m in Tawana Pakistan Project scam
o   Pakistan for long-term ties with Russia


WOLRD(Brief News):
o   Israel, Turkey row over Zionism deepens rift between ex-allies
o   UK PM's party humbled in vote as anti-EU party surges
o   Malaysia police raid village to end stand-off, says armed group
o   Donors step up ties with Somalia; praise rebuilding efforts
o   Iran nuclear talks show progress, Western diplomat says
o   Bombs kill at least 22 in Iraqi capital
o   Hungary PM seen picking his "right hand" to head central bank
o   Now a 'simple pilgrim,' Benedict resigns papacy
o   Syrian rebel put his dreams on hold in civil war
o   Syrians find makeshift homes in ancient structures
o   South African police, a force in turmoil
o   WHO: Slight cancer risk after Japan nuke accident
o   Top leaders agree on posts ahead of China congress
o   Rodman tells Kim Jong Un he has 'friend for life'
o   Study: Daisies sprout in King Richard I's heart
o   Officials: France in Mali until July or later
o   China sets its 5th manned space mission for summer
o   Titanic II: Billionaire launches plans for replica of doomed ship
o   Report: UK stripping terrorism suspects of citizenship, US killing some of them

WOLRD BUSINESS(Brief News):
o   RBC profit rises 12 percent; bank raises dividend
o   CIBC profit falls four percent on Lehman Brothers charge
o   Severfield plans rights issue, amends debt facility
o   Manchester United to play in Bangkok on 2013 tour
o   London mayor says EU bank bonus cap helps New York, Singapore
o   Kenya Commercial Bank profit up 14 percent
o   Britain's Old Lady shows appetite for new thinking
o   BAT benefits as emerging market smokers try top brands
o   Kenya's KCB full-year profit rises 14 pct
o   EU clinches deal to cap bankers' bonuses
o   Caterpillar plans to cut 1,400 jobs in Belgium
o   Kenyan shilling rallies to 2013 peak ahead of elections
o   Allianz German unit focuses on growth without mergers
o   ANA puts Dreamliner fleet architect in charge of airline business
o   PayNet Canada commercial lending index highest since 2008
Business News:
Pakistan
EXCHANGE FOR CURRENCY NOTES:

U.S.A              99.08
S.Arabia         26.42
U.K                 150.30
Japan              1.0742
Euro               130.23
U.A.E             26.98


BULLION RATES IN RUPEES PER 10 GRAMS
KARACHI
Gold Tezabi (24-ct)    Rs 52,071
Silver Tezabi               Rs 942.85


  Fri, 1 Mar 2013

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Sindh CNG outlets to be closed for 24 hours today
KARACHI: All CNG stations across Sindh including Karachi would be closed for 24 hours today from 8 AM to Saturday

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Yen slips after Tokyo picks new Bank of Japan chief
TOKYO: The yen weakened in Asia on Friday after Japan nominated a new central bank chief known to favour aggressive

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POL prices go up; petrol by Rs3.53/ltr, diesel 4.35
ISLAMABAD: The Oil Gas Regulatory Authority has notified an upward revision in petroleum products prices, Geo Ne

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Petroleum Ministry rejects summary for fuel price increase
ISLAMABAD: The summary seeking an increase in the price of petroleum products has been rejected by Pakistan s petrol

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EU to resume Pakistan fish imports after six years
ISLAMABAD: The European Union is to resume imports of seafood from Pakistan, officials said, ending a six-year sus

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Asian markets rise on Wall St rally, ECB comments
HONG KONG: Asian markets rose Thursday after the Dow on Wall Street hit a more than five-year high, while the head

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Crude up in Asia on strong US data
SINGAPORE: Oil prices rose in Asia Thursday, supported by better-than-expected US housing data and durable goods o

-
Sindh CNG outlets reopen today
KARACHI: All the CNG stations in Sindh would reopen today (Thursday) at 8 AM after 24-hour closure. Long qu

-
Major increase in POL prices likely from March 1
ISLAMABAD: A major hike in prices of petroleum products is likely from March 1, as Oil and Gas Regulatory Authority

-
Pakistan earns $1.05 bln through seafood exports in five years
ISLAMABAD: Pakistan has earned more than US $ 1.05 billion through exports of seafood to different countries during

-
Dollar mixed in Asia after Bernanke comments
TOKYO: The dollar was mixed in morning Asian trade after Federal Reserve head Ben Bernanke said the bank s stimulus

-
Oil rebounds in Asia but Italy deadlock weighs
SINGAPORE: Oil prices rebounded in Asia Wednesday but analysts said sentiment remains hobbled by fears that deadlock

-
CNG supply suspended in Sindh for 24 hours
KARACHI: CNG stations in Sindh including Karachi have been closed for 24 hours that started from 8 am Wednesday, G

-
Pakistan pays $391.8m to IMF under SBA
KARACHI: Pakistan on Tuesday successfully paid the 10th installment amounting to SDR 258.4 million equivalent to U

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ECC raises margin of marketing companies, dealers on oil
ISLAMABAD: Economic Coordination Committee (ECC) has decided to raise the margin of Oil Marketing Companies and de
MOHAMMED SALEEM MANSOORI

Wednesday 27 February 2013

LATEST NEWS UPDATE:28.02.2013



US openly opposes Pak-Iran gas pipeline
WASHINGTON: In its latest opposition of Pakistan-Iran gas pipeline project, the US State Department on Wednesday said it is in Pakistan’s interest to avoid any activity that can hit it with sanctions.
The State Department said that it was providing Pakistan with alternatives that would avoid any sanctions violation.
"We recognise that Pakistan has significant energy requirements but we really think there are other long-term solutions to Pakistan's energy needs," said deputy acting spokesman Patrick Ventrell.
"And so we've been assisting as a government to contribute to the alleviation of the energy crisis in Pakistan," he said.
"It's in their best interests to avoid any sanctionable activity, and we think that we provide and are providing ... a better way to meet their energy needs in some of the assistance we're providing."
Iran's supreme leader Ayatollah Ali Khamenei on Wednesday urged the visiting Pakistani president to press ahead with a much-delayed $7.5 billion gas pipeline project despite US opposition.
"The Iran-Pakistan gas pipeline is an important example of Tehran-Islamabad cooperation, and despite hostilities towards the expansion of ties we must overcome this opposition decisively," Khamenei told Asif Ali Zardari, his office reported.
The gas pipeline project is strongly opposed by Tehran's archfoe Washington.
"Accessing safe energy source is the first priority for any country including Pakistan. In this region, the Islamic republic is the only nation that has safe energy resources and we are ready to provide Pakistan its energy needs," the all-powerful Khamenei said.
Zardari, who also met with his Iranian counterpart Mahmoud Ahmadinejad, was quoted by the leader's office as saying: "We deeply believe in boosting bilateral ties.
"The international and regional players have tried in vain to prevent expansion of Iran-Pakistan ties but the people have learnt how to act against the enemy of Islam."
The pipeline project has run into repeated problems, including Pakistan's difficulty in finding funds and opposition to the project from Washington, which has slapped Iran with a raft of sanctions over its nuclear activities.
In 2010, Iran and Pakistan agreed that Tehran would supply between 750 million cubic feet (21 million cubic metres) and one billion cubic feet per day of natural gas by mid-2015.
Islamabad has said it will pursue the project regardless of US pressure, saying the gas is needed to help Pakistan overcome its energy crisis that has led to debilitating blackouts and suffocated industry.
Iran has almost completed the pipeline work in its territory, but Pakistan has not yet started construction of 780 kilometers (490 miles) of the pipeline on its side, which is said to cost some $1.5 billion.
Sanctions-hit Iran finally agreed to finance one third of the costs of laying the pipeline through Pakistani territory to Nawabshah, north of Karachi, with the work to be carried out by an Iranian company.
Pakistani officials in mid-December said Iran had promised a $500 million loan and that Islamabad would meet the rest of the cost.
- See more at: http://www.thenews.com.pk/article-90080-US-openly-opposes-Pak-Iran-gas-pipeline-project#sthash.sKv3CmIj.dpuf

 Latest News in Brief:
o   7 held as Rangers raid Karachi areas
o   Sindh Governor Ebad returns from Dubai
o   Tauqeer Sadiq likely to be deported from UAE today
o   EU resumes imports of Pak seafood
o   U.S. Helps Millions of Young Pakistanis

WOLRD(Brief News):
o   In emotional farewell pope says he resigned for good of Church
o   World powers and Iran set new talks in nuclear dispute
o   Italy parties seek way out of election stalemate
o   China likely to appoint expert on North Korea, Japan as foreign minister
o   Japan's Abe aims to polish reform credentials
o   Storm that buried Plains slams Great Lakes region
o   One student dead after South Carolina university shooting
o   Kurdish leader sees August pullout from Turkey: media
o   Obama cites Navy threat, immigrants freed as budget cuts loom
o   Senate approves Hagel as new secretary of defense
o   Mexico arrests head of teacher's union on fraud charges
o   Gun control supporter backed by New York mayor wins Chicago vote
o   American, US Airways executives face gentle questioning in Congress
o   China February official PMI to dip, hurt by weak export demand
o   Bernanke says Fed stimulus benefits clear, downplays risks
o   In separating gun-control bills, Democrats reveal strategy
o   Afghans hold anti-U.S. rally following abuse claims
o   Powers wait to hear Iran response to nuclear offer
o   Exclusive: Juniper mulls next move after asset sale talks falter - sources
o   Sex, power scandals to loom over Vatican pre-vote talks
o   Insight: Syria rebels bolstered by new arms but divisions remain
o   Italy parties seek way out of election stalemate
o   Senate approves Hagel as new secretary of defense
o   Immigrants freed, Obama cites Navy threat as cuts loom
o   Home prices cap year with biggest rise since 2006
o   Pope praying, packing ahead of move out of Vatican
o   Mursi's opponents say will boycott Egypt elections
o   Obama plans to "listen," not present Mideast peace plan: Kerry
o   Senate panel backs Lew for Treasury secretary
o   Rocket explodes in Israel, first attack from Gaza since November truce
o   Insight: Afghan move against U.S. special forces tied to abuse allegations
o   JPMorgan Chase to cut up to 4,000 jobs in 2013
o   Analysis: EU rebuff won't free Aer Lingus from Ryanair grip
o   Consumer confidence rebounds in February
o   Insight: In Spain, banks buck calls for mortgage law reform
o   Egypt balloon crash kills 19, mostly foreign tourists
o   Home prices climb in December, best yearly gain since 2006
o   White House steps up campaign to avoid spending cuts
WOLRD BUSINESS(Brief News):
o   Three men arrested in UK insider dealing probe
o   Ghana producer price inflation slides to 11.5 pct in January
o   UK economy shrank in late 2012, recession in sight
o   Euro zone sentiment rises for fourth month in February
o   Three men arrested in London in insider dealing probe
o   Stock index futures signal mixed open
o   Investors fret that Italy may undermine ECB backstop
o   EU moves closer to imposing caps on banker bonuses
o   Pentagon F-35 program chief lashes Lockheed, Pratt
o   JPMorgan to cut up to 17,000 jobs by end of 2014
o   Italian consumer watchdog appeals to block Monte Paschi bailout
o   Japan's Amari: EU will try to prevent recurrence of debt crisis
o   Burundi tea earnings fall 12.3 pct in January on low volumes
o   Shares, euro rebound, Italy bond sale in focus
o   Argentina heads to U.S. appeals court in bond fight
Business News:
Pakistan
EXCHANGE FOR CURRENCY NOTES:

U.S.A              99.08
S.Arabia         26.42
U.K                 149.73
Japan              1.0782
Euro               129.44
U.A.E             26.98


BULLION RATES IN RUPEES PER 10 GRAMS
KARACHI
Gold Tezabi (24-ct)    Rs52,285
Silver Tezabi               Rs942.85

Thu, 28 Feb 2013

-
Crude up in Asia on strong US data
SINGAPORE: Oil prices rose in Asia Thursday, supported by better-than-expected US housing data and durable goods o

-
Sindh CNG outlets reopen today
KARACHI: All the CNG stations in Sindh would reopen today (Thursday) at 8 AM after 24-hour closure. Long qu

-
Major increase in POL prices likely from March 1
ISLAMABAD: A major hike in prices of petroleum products is likely from March 1, as Oil and Gas Regulatory Authority

-
Pakistan earns $1.05 bln through seafood exports in five years
ISLAMABAD: Pakistan has earned more than US $ 1.05 billion through exports of seafood to different countries during

-
Dollar mixed in Asia after Bernanke comments
TOKYO: The dollar was mixed in morning Asian trade after Federal Reserve head Ben Bernanke said the bank s stimulus

-
Oil rebounds in Asia but Italy deadlock weighs
SINGAPORE: Oil prices rebounded in Asia Wednesday but analysts said sentiment remains hobbled by fears that deadlock

-
CNG supply suspended in Sindh for 24 hours
KARACHI: CNG stations in Sindh including Karachi have been closed for 24 hours that started from 8 am Wednesday, G

-
Pakistan pays $391.8m to IMF under SBA
KARACHI: Pakistan on Tuesday successfully paid the 10th installment amounting to SDR 258.4 million equivalent to U

-
ECC raises margin of marketing companies, dealers on oil
ISLAMABAD: Economic Coordination Committee (ECC) has decided to raise the margin of Oil Marketing Companies and de

-
Application for GSP plus duty advantage to be submitted in March
ISLAMABAD: Pakistan would submit an application with the European Commission by the middle of March for availing t

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Land prices increase as Pakistan hands over Gawadar port to China
GAWADAR: Real estate agents see a growing trend in land prices in Gawadar as Pakistan formally handed over Gawadar

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Euro bounces in Asia after sell-off from Italy vote
TOKYO: The euro edged up in Asia Tuesday after suffering a heavy sell-off in New York as Italian national election

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Oil down as Italy polls spark new eurozone fears
SINGAPORE: Oil prices were down in Asia on Tuesday after inconclusive Italian national elections threatened instable

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Pakistan Railways liabilities top Rs58,603mn, NA told
ISLAMABAD: Minister for Railways Haji Ghulam Ahmad Bilour on Monday informed the National Assembly that Pakistan R

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KSE sheds gains as companies claim profits
KARACHI: The Karachi Stock Exchange shed some hard-earned gains on Monday after institutions offloaded inflated eq
MOHAMMED SALEEM MANSOORI