Monday 29 April 2013

LATEST NEWS UPDATE:30.04.2013



Latest News in Brief(Pakistan):

Altaf condemns killing of two MQM workers in Hyderabad
HYDERABAD: Chief of the Muttahida Qaumi Movement (MQM) Altaf Hussain on Tuesday strongly condemned the killing of two of his party workers who were gunned down in Hyderabad on Monday night, DawnNews reported.
The deceased identified as Nadeem Ajmeri and Manzoor Ahmed were killed when unknown assailants opened fire in the Latifabad area of Hyderabad.

Latest News in Brief


BRIEF: (PAKISTAN)
o   BB murder case: Musharraf sent to jail on 14 days judicial remand
o   Interior ministry fears Musharraf ‘s kidnapping
o   Karachi violence claims five lives
o   Altaf condemns killing of MQM workers
o   MQM workers being targeted-killed: Altaf
o   PTI’s Imran Khan brazens out Pakistan campaign trail
o   India will retaliate massively, if Pakistan uses nukes: Shyam Saran
o   Pakistan appoint Australian Woodhill batting coach
o   Balochistan: Independent candidate killed in Jhal Magsi, polls postponed
o   Balochistan: Candidate killed in Jhal Magsi area, polls postponed
o   Sindh govt to convene 20-party APC today
o   Zardari, Altaf discuss hardships in electioneering
o   PPP, MQM, ANP vow to contest polls despite terror hits
o   Army on the move to save elections


WOLRD(Brief News):
o   Syrian prime minister survives Damascus bombing, six die
o   Italy's new government begins life in climate of crisis
o   Little hope of more survivors as Bangladesh toll nears 400
o   Gunmen surround Libyan foreign ministry
o   Explosion shakes central Prague, as many as 40 injured
o   Royal hoax caller to testify at inquest into UK nurse's death
o   Yemenis languish in Guantanamo prison with scant hope of release
o   Florida teenager's shooter faces deadline in court
o   Analysis: The maze behind EU "treaty change"
o   U.S. identifies four American victims in Afghan crash
o   Exclusive: Boston bomb suspects' parents retreat to village, cancel U.S. trip
o   Lawmakers press Obama to take action on Syria
o   Egypt's Mursi backs down, to seek compromise on judges
o   Fire breaks out in Bangladesh building where 377 die
o   Feminist author Mary Thom, 68, killed in NY motorcycle crash
o   Building collapses in northern France, three dead
o   Two policemen shot as new Italy government sworn in
o   Gunmen surround Libyan foreign ministry to push demands
o   Dell investors may still gain after Blackstone pullout: Barron's
o   Iraq watchdog suspends 10 TV channels for inciting violence
o   Deutsche Bank has "zero tolerance" for tax evaders: CEO
o   Iceland seeks end to austerity with new center-right government
WOLRD BUSINESS(Brief News):
  • RLPC-Banks see big opportunities in Nigerian syndicated loans
  • Still good reasons to join the euro: ECB's Asmussen
  • KazMunaiGas eyes $10 bln investment to boost reserves
  • Russia's VTB wins sovereign backing for $3.3 billion share issue
  • Santander CEO Saenz steps down after legal battle
  • Zambia leaves benchmark interest rate unchanged at 9.25 pct
  • VW brand bears brunt of crisis as first-quarter profit halves
  • Bayer to buy birth-control devices maker for $1.1 billion
  • Verizon seen having clear path to funds for Vodafone deal
  • Analysis: Tax strategy may be key to Verizon Wireless deal
  • Global shares rise, dollar falls on central bank expectations
  • Economic mood in euro zone sours again in April
  • German banks say U.S. reserves plan will disadvantage Europeans
  • German trade association slashes 2013 export, import forecasts

Business News:
Pakistan
Caretakers accept IMF terms in principle
ISLAMABAD: The International Monetary Fund (IMF) wants Pakistan to introduce major restructuring of public sector enterprises and banking sector safeguards to protect consumers and depositors in case of a financial crisis.
This is part of a proposed bailout programme the caretaker government has agreed to in principle with the IMF under an Extended Fund Facility (EFF) worth over $5 billion to be made part of draft of the budget for 2013-14 and to be signed by the next elected government.
An official told Dawn that the package involved reforms in seven key areas. Among them is restructuring of eight major public sector enterprises continuously relying on the federal budget to operate, so that they may stand on their own feet in two years for possible divestment.
The lending agency wants Pakistan to make the best use of breathing space provided by the $5bn loan to create an environment conducive to fresh private investments and issuance of international bonds so that the country’s foreign exchange reserves are built up to a level sufficient for six months of imports and a stable exchange rate may be maintained. The State Bank has been asked to take effective steps in consultation with the government to introduce safeguards in case of failure of small banks by increasing the capital adequacy ratio and possibly setting up a common fund for facing off risks of the small and medium private commercial banks.
The programme proposes that the insurance scheme for bank depositors be expanded through an effective mechanism and strengthening of the insurance sector.
The most important requirement of the new programme will be introduction of massive reforms on the revenue front for mobilising additional resources equivalent to 2.5 per cent of the gross domestic product (GDP) in three years. At the current size of the GDP, the additional resource mobilisation works out to Rs580-600bn. Of this 1.5 per cent will have to be raised during 2013-14.
Also in the list of the conditions are power sector reforms to reduce system losses and introduce market-based electricity rates with minimum subsidies.

EXCHANGE FOR CURRENCY NOTES:

U.S.A              99.28
S.Arabia         26.47
U.K                 154.10
Japan              1.0181
Euro               129.54
U.A.E             27.03

BULLION RATES IN RUPEES PER 10 GRAMS
KARACHI
Gold Tezabi (24-ct)     Rs48,985
Silver Tezabi                Rs831.42



Tue, 30 Apr 2013

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Oil down in Asian trade
SINGAPORE: Oil was down in Asia on Tuesday as traders took profits from recent gains and ahead of the May Day holi

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Decrease in POL prices likely as OGRA moves proposal
ISLAMABAD: A downward revision of petroleum products prices effective from May 1 is likely as Oil and Gas Regulat

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Oil down in Asia on weak US data
SINGAPORE: Oil was down in Asia on Monday as weak economic data from the United States sparked concerns over a sof

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Euro up against dollar ahead of US Fed meeting
SINGAPORE: The euro rose against the dollar in Asia Monday after data showed the US economy grew at a slower rate

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Asian shares mixed after US growth data
HONG KONG: Asian markets were mixed on Monday while the dollar slipped after US economic growth data came in below

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Oil down in Asia on weak US data
SINGAPORE: Oil was down in Asia on Monday as weak economic data from the United States sparked concerns over a sof

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Smartphones dethrone feature phones in market: IDC
SAN FRANCISCO: Industry tracker IDC on Friday reported that shipments of smartphones topped those of basic mobile

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Oil prices down in Asia on profit-taking
SINGAPORE: Oil prices eased in Asia on Friday as traders cashed in recent gains following signs of strengthening U

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Dollar slips in Asia after Bank of Japan stays pat
TOKYO: The dollar sank against the yen in Asia on Friday after the Bank of Japan held off new easing measures at i

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Oil prices down in Asia on profit-taking
SINGAPORE: Oil prices eased in Asia on Friday as traders cashed in recent gains following signs of strengthening U

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Asian markets mostly higher after weak Wall St lead
HONG KONG: Asian markets were mostly up on Thursday in quiet trade after an anaemic close on Wall Street, while th

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Oil prices rise in Asia on US stockpile data
SINGAPORE: Oil prices rose in Asia Thursday, buoyed by a lower-than-expected gain in US crude stockpiles and hopes

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Sindh CNG pumps to remain open Thursday
KARACHI: All the Compressed Natural Gas (CNG) filling stations will remain open Thursday across the Sindh province

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Oil prices up in Asia ahead of US energy report
SINGAPORE: Oil prices rose slightly in Asia Wednesday on cautious hopes of a rise in energy demand in the United S

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Asian markets up on positive Wall St lead
HONG KONG: Asian markets rose on Wednesday following a rally on Wall Street, with Tokyo enjoying a healthy bump as








MOHAMMED SALEEM MANSOORI

Sunday 28 April 2013

LATEST NEWS UPDATE: 29.04.2013



Latest News in Brief


BRIEF: (PAKISTAN)
o  PPP, MQM, ANP discuss ongoing terror attacks
o  Karachi: 42 suspects detained during targeted operation
o  Three killed, two injured in overnight firings, blast in Karachi
o  Caretaker regime decides to continue pillion-riding ban in Karachi
o  Police arrest 30 accused, seize weapons during targeted operations in Karachi
o  Imran Khan needs good, humble people, says Shah Mehmood Qureshi
o  IHC takes up two Musharraf cases today
o  PML-N condemns blasts in Karachi


WOLRD(Brief News):
o   Two police officers shot as Italian government sworn in
o   Iceland set for coalition talks after government ousted
o   Gunmen surround Libyan foreign ministry to push demands
o   Germany's Greens lurch left in bid to beat Merkel
o   Rome mayor says shooting not act of terrorism
o   Owner arrested as Bangladesh building toll reaches 372
o   Gunshots fired near Italy prime minister's office, injuries
o   Italy's new economy minister aims to cut taxes and spending
o   Two Italian police hurt in shooting near prime minister's office
o   Analysis: Israeli credibility on line over Iran nuclear challenge
o   Bangladesh collapsed building owner arrested near border: police
o   Hague judges issue sharp rebuke to Kenyatta prosecutors
o   Japan's Abe says "restoration of sovereignty day" signals hope
o   Algeria president in France for tests after minor stroke
o   Former Madagascar president Ratsiraka to contest July election
o   Egypt president invites judges to discuss judicial reform crisis
o   One year on, France's Hollande says will weather poll slump
o   Factbox: France's military and defense contractors
o   France's foreign firepower threatened by budget cuts
o   Europe austerity debate to test periphery political will
o   Cuba's young see bleak future, many want to leave
o   Israeli air strike hits Gaza militant base after rocket fired: military
o   Venezuela's Capriles raised false hopes on vote audit: election body
o   Obama pokes fun at critics, media at annual press dinner
o   Venezuela's Maduro pledges continued alliance with Cuba
o   Older Boston bombing suspect spoke of "jihad" with mother: report
o   Century after peak first scaled, Alaska mountain's name still disputed
o   FBI removes boat used by Boston bombing suspect to storage
o   Kentucky woman ordained as priest in defiance of Roman Catholic Church
o   Mexico detains 108 in immigration sweep; most from Central America
o   Iceland centre-right opposition takes big early election lead
o   Pakistan "Robin Hood" aims to wrest election from the rich
o   Mississippi man linked to ricin letters charged with biological weapons use
o   Brazil's Vale agrees to pay workers as it exits Argentina mine
o   California government draws battle lines over schools funding
o   Obama chides lawmakers over flight delay fix, budget conflict
o   Four arrested as Bangladesh building toll rises to 352
o   Algerian President Bouteflika hospitalized: report
o   Sudan rebels attack city, push closer to capital
o   Hungary's leftist opposition edges towards alliance
WOLRD BUSINESS(Brief News):
  • Analysis: China's 4G bonanza to shake up mobile gear vendor market
  • Japan's ANA takes its first 787 back into the air since grounding
  • Merger of drugmakers Valeant, Actavis on hold: source
  • Brazil's Vale agrees to pay workers as it exits Argentina mine
  • FAA says air travel system to be normal Sunday night
  • Italian court rejects Nomura seizure order: sources
  • Kenya's March tea output rises 87 pct yr/yr, exports edge up
  • Egypt may be 65-70 pct self-sufficient in wheat this year -PM
  • South African mining magnate Motsepe eyes Guinea iron ore

Business News:
Pakistan

EXCHANGE FOR CURRENCY NOTES:

U.S.A              99.28
S.Arabia         26.47
U.K                 151.37
Japan              0.9992
Euro               129.04
U.A.E             27.03

BULLION RATES IN RUPEES PER 10 GRAMS
KARACHI
Gold Tezabi (24-ct)    Rs48428
Silver Tezabi              Rs814.28



Mon, 29 Apr 2013

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Oil down in Asia on weak US data
-
Euro up against dollar ahead of US Fed meeting

-
Asian shares mixed after US growth data

-
Oil down in Asia on weak US data

-
Smartphones dethrone feature phones in market: IDC

-
Oil prices down in Asia on profit-taking

-
Dollar slips in Asia after Bank of Japan stays pat

-
Oil prices down in Asia on profit-taking

-
Asian markets mostly higher after weak Wall St lead

-
Oil prices rise in Asia on US stockpile data

-
Sindh CNG pumps to remain open Thursday

-
Oil prices up in Asia ahead of US energy report

-
Asian markets up on positive Wall St lead

-
Oil up in Asia ahead of US energy report









MOHAMMED SALEEM MANSOORI