Sunday, 12 May 2013


Latest News in Brief

Obama commends democratic transition in Pakistan
WASHINGTON: US President Barack Obama congratulated Pakistan Sunday on its parliamentary elections and said Washington was ready to work “as equal partners” with the government that emerges.
Nawaz Sharif, the apparent winner of Saturday’s election, was in talks to form a new government in a stunning comeback for a former prime minister who was deposed in a 1999 coup and spent years in jail and exile.
Sharif has been less vocal against US drone strikes than his main rival Imran Khan, and is considered a pragmatist with whom Washington can work.
“My administration looks forward to continuing our cooperation with the Pakistani government that emerges from this election as equal partners in supporting a more stable, secure, and prosperous future for the people of Pakistan,” Obama said in a statement.
He congratulated “the people of Pakistan on the successful completion of yesterday’s parliamentary elections.”
“The United States stands with all Pakistanis in welcoming this historic peaceful and transparent transfer of civilian power, which is a significant milestone in Pakistan’s democratic progress,” he said.
“By conducting competitive campaigns, freely exercising your democratic rights, and persevering despite intimidation by violent extremists, you have affirmed a commitment to democratic rule that will be critical to achieving peace and prosperity for all Pakistanis for years to come,” he said.

o    N-250 Karachi : Re-polling at over 40 polling stations ordered
o   ECP vows to take stern action against troublemakers in NA-250, Karachi polling
o   Separate Karachi from Pakistan if you don't like MQM mandate: Altaf
o   Manmohan greets Sharif, invites him to visit India
o   PTI protests rigging in Karachi, other parties join
o   Detach Karachi, if its mandate is unacceptable: Altaf
o   FPCCI felicitates Nawaz on his historic success
o   Will Pakistan finally stand up against illegal US drone attacks?

WOLRD(Brief News):
o   'Best Mother's Day' ever for mother of freed Cleveland captive
o   Sharif poised to form strong government after Pakistan poll
o   Benghazi police bombed for second time in three days
o   Turkey says Syrian forces behind border town bombings
o   IRS official knew in 2011 of 'Tea Party' targeting: watchdog report
o   Bangladesh arrests top Islamist leader on war crimes charges
o   Bulgarians vote in election unlikely to soothe anger
o   Kuwait Airways to sign $3 billion-plus Airbus deal: paper
o   India IT watchdog investigating breach in ATM heist
o   Egypt says thwarts suicide attack on foreign embassy
o   Rafsanjani's last-minute entry transforms Iranian race
o   Joy, disbelief as relatives embrace rescued Bangladesh factory worker
o   G7 to press on with bank reforms, Japan escapes censure
o   Murder case against Cleveland kidnapping suspect tough to prove
o   Car bombs kill 43 in Turkey near Syrian border
o   Texas man held on pipe bomb charge denies role in fertilizer blast
o   Sharif stages comeback in landmark Pakistan election
o   Armed man with hostages barricaded inside New Jersey house
o   Egypt's Mubarak says too early to judge Mursi: newspaper
o   White House offices reopened after brief evacuation
o   Indian companies at center of global cyber heist
o   Domestic abuse cases never snared accused Cleveland abductor
o   ECB's Draghi says no call for G7 central banks to do more


  • India IT watchdog investigating breach in ATM heist
  • Qatar postpones planned float of $12 billion investment firm
  • Kuwait Airways to sign $3 billion-plus Airbus deal: paper
  • Egypt given $3 bln Qatari deposit at 3.5 pct: official
  • India government IT watchdog investigating breach in ATM heist
  • Mali ups 2013 spending by nearly 40 pct as donors restore aid
  • Bank Muscat says mulling options to recover card fraud money
  • German finance minister against idea of ECB buying ABS: magazine
  • Germany pushing for faster reform in euro zone: magazine
  • Fed queries Bloomberg over reporters' access to client data
  • Indian companies at center of global cyber heist
  • Thermo Fisher sued over sale of Mexico plant used by drug cartel
  • Fed says in touch with Bloomberg on potential client data access
  • Dimon might leave JPMorgan if stripped of chairmanship: WSJ

Business News:

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U.K                 154.31
Japan              1.0050
Euro               130.71
U.A.E             27.03

Gold Tezabi (24-ct)   Rs48,000
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