Sunday 21 April 2013

LATEST NEWS UPDATE: 22.04.2013



Latest News in Brief

Musharraf treason case: SC resumes hearing
ISLAMABAD: The Supreme Court (SC) is hearing on Monday the treason case against former military ruler Pervez Musharraf.
A three-judge bench, headed by Justice Jawwad S. Khwaja, of the apex court reconstituted last week is hearing the case.
The government will tell the apex court whether it wants to initiate proceedings against the former military ruler under Article 6 of the Constitution.
The retired general is currently residing in his farmhouse at Chak Shehzad which was declared a sub-jail last week.
Legal analysts believe that this case will prevent aspiring military dictators to overthrow democratic governments and suspend the Constitution. However, some politicians are cautioning that the trial may open a Pandora’s box.
Chaudhry Shujaat Hussain, chief of Pakistan Muslim League-Quaid (PML-Q), made a statement on Sunday suggesting that the trial should not target any specific institution of the state.
Shujaat was an ally of the former president when he unlawfully ruled the country for nine years (1999-2008).

BRIEF: (PAKISTAN)
o  Five held in Karachi police operation
o  Zardari trying to rob PML-N vote bank through PTI: Shahbaz Sharif
o  ECP allows use of expired CNICs for voting
o  Police capture weapons, explosives-laden car in Karachi
o  Imran Khan hires helicopter to attend polling rallies across country
o  Tahirul Qadri addresses Awami Tehrik rally in Lahore
o  I am son of Sindh, ready to sacrifice life for it, says Altaf Hussain
o  Public will reject those, who are misleading on name of change: Ch. Nisar
o  Real tiger is inside the cage, fake roaming outside, says Aitzaz Ahsan
o  Today marks second death anniversary of Moeen Akhtar
o  KSE remains resilient despite weak corporate results
o  Judiciary helped govt complete its term: CJP
WOLRD(Brief News):
o   Surviving Boston Marathon bombing suspect awaits charges
o   U.S. arms deal with Middle East allies clear signal to Iran: Hagel
o   Bahrain hosts F1 race amid tensions, protests
o   Toyota re-styles no-frills models to drive China fightback
o   Investors brace for more stock volatility on Apple earnings
o   Insight: Battered by war, Syrian army creates its own replacement
o   Analysis: Rough start to post-Chavez era augurs badly for Venezuela
o   Rescuers struggle to reach China quake zone as toll climbs
o   Super-rich close gap between bonds and Bond Street
o   North Korea moves two more missile launchers: report
o   Napolitano elected for second term as Italy president
o   Opposition, election body differ on Venezuela vote audit
o   Bombs, mortars fail to stop first Iraq vote since U.S. exit
o   Merkel party loses support after female hiring quota dispute: poll
o   Syria opposition voices frustration with international backers
o   Kerry says doubling U.S. non-lethal aid to Syrian opposition
o   Greece's ruling conservatives regain narrow lead: poll
o   Egypt's Mursi plans cabinet reshuffle
o   Boston Marathon bombing investigation turns to motive
o   Earthquake kills 157, injures 5,700 in China's Sichuan
o   Protests build in New Delhi after child rape
o   Texas fertilizer company didn't heed disclosure rules before blast
o   FAA approves Boeing Dreamliner battery system design
o   Bahrain F1 race to go ahead amid tensions, protests
WOLRD BUSINESS(Brief News):
o    Apple's dimming luster roils suppliers, investors
o    Investors brace for more stock volatility on Apple earnings
o    Toyota re-styles no-frills models to drive China fightback
o    Super-rich close gap between bonds and Bond Street
o    Exclusive: Mexico bank reform eases legal hurdles to boost credit
o    Israeli airline staff start strike over open skies deal
o    Exclusive: Bernanke to skip Jackson Hole due to scheduling conflict
o    Global finance officials endorse World Bank target to end poverty
o    Independent Scotland would face currency problem - Osborne
o    Exclusive: In rarity, Bernanke to skip Jackson Hole due to scheduling conflict
o    Action needed to boost confidence in global economy, IMF says
o    ArcelorMittal CEO says high labor, energy costs hurt France
o    ECB's Nowotny says too early to judge if rate cut needed
o    Fed's Bernanke sees no U.S. inflation risks: Nowotny
Business News:
Pakistan

EXCHANGE FOR CURRENCY NOTES:

U.S.A              99.28
S.Arabia         26.47
U.K                 151.84
Japan              1.0084
Euro               129.73
U.A.E             27.03

BULLION RATES IN RUPEES PER 10 GRAMS
KARACHI
Gold Tezabi (24-ct)     Rs 46,714
Silver Tezabi               Rs792.85




Mon, 22 Apr 2013
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Oil up in Asia on bargain hunting
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Tokyo stocks open 1.66 pc higher

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Swiss ''could adapt'' to easing of bank secrecy: bankers

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Blackstone ends pursuit of Dell: sources

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G20 urges global community to end banking secrecy

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Yen heads down in Asia, focus on G20 meeting

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Asian shares pick up, dealers eye G20 meeting

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Oil up in Asian trade

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OGDC, Engro stoke Karachi Stock Exchange to gain 220pts

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Dollar dips against yen in Asia

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Oil down in Asian trade, Brent back below $100

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Asian markets down after US losses, Europe warning

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IMF cuts 2013 world growth forecast to 3.3 percent

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Asian markets mostly bounce after sell-off










MOHAMMED SALEEM MANSOORI

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