Monday 13 May 2013

LATEST NEWS UPDATE: 14.05.2013



John Kerry congratulates Nawaz Sharif over the phone
WASHINGTON: US Secretary of State John Kerry is hoping to visit Pakistan soon, once the new government of incoming prime minister Nawaz Sharif is in place, a US official said Monday.
The two men already spoke on the phone on Sunday, when the top US diplomat called Sharif "to congratulate him on his strong showing in Saturday's elections," State Department spokeswoman Jen Psaki told reporters.
Kerry also told Sharif "that he looks forward to working with the government as the government is formed in Pakistan."
Ties between the two countries soured after the killing of Osama bin Laden in 2011 by US Navy SEALS when he was tracked down to his compound in the Pakistani town of Abbottabad, after a decade on the run.
The killing of 24 Pakistani soldiers in a US-led NATO air strike in November 2011 then led Islamabad to cut off land routes into Afghanistan used by US troops for re-supplying their forces.
Ties were gradually mended, but tensions remained and one thorn in the relationship is US drone strikes targeting Taliban and Al-Qaeda militants in the northwestern tribal belt.
Sharif has already promised Pakistan's "full support" as the United States withdraws combat troops from Afghanistan, but said he would raise the issue of drone strikes with US leaders.
Washington would be hoping to enhance its cooperation with Islamabad on issues such as counter-terrorism, once the government is formed, Psaki said.
Sharif has "indicated he wants to work closely with the US. We would like to have a positive, productive relationship as well on a number of these issues," Psaki said, adding that first the new government needed to be formed. (AFP)
Cameron congratulates Nawaz
London: British Prime Minister David Cameron has telephoned Pakistan Muslim League-Nawaz (PML-N) chief Nawaz Sharif to congratulate him on his party's success in general elections.
Cameron, who took time out of an official US tour to telephone Sharif, agreed to work with him to strengthen bilateral relationship.
"The Prime Minister spoke to Nawaz Sharif earlier today to congratulate him on his party's success in the recent Pakistani elections. They agreed that the strong bond between the UK and Pakistan was a huge asset and that they would work together to strengthen the relationship further," a Downing Street spokesperson said in London.
"The Prime Minister welcomed Nawaz Sharif's commitment to prioritise economic reforms. The two leaders also agreed on their shared commitment to the trilateral process and its importance in achieving peace in Afghanistan and the wider region," he added.
Pakistani PM-in-waiting Sharif, 63, who is set to return to office 14 years after he was ousted in a military coup, campaigned on a pro-business agenda and stocks in Karachi hit an all-time high on Monday on hopes he could revive the country's shattered economy.

BRIEF: (PAKISTAN)
o   Sherry Rehman steps down as Pakistan envoy to US
o   Manmohan Singh not to visit Pakistan
o   John Kerry congratulates Nawaz, hoping to visit Pakistan soon
o   Cameron congratulates Nawaz
o   Nawaz accepts Singh’s India visit invitation: Indian paper
o   Imran demands recounting of votes on 25 NA seats in Punjab




WOLRD(Brief News):
o   Nationalists cash in on Bulgarians' unhappiness
o   Pakistan's Sharif seeks to ease mistrust with India
o   Argentina faces very different debt default if loses legal fight
o   Factbox: Argentina's upcoming payments on foreign-currency bonds
o   Iran's Ahmadinejad may face charges over election appearance with aide
o   UK PM to push for strengthening Syria opposition in U.S. talks
o   Pakistan's Sharif picks Dar as finance minister to revive economy
o   Syrian minister blames 'murderer' Erdogan for bombings: Russian TV
o   British PM Cameron moves to quell party revolt over Europe
o   Four remaining kidnapped Turks to be freed soon: Afghan Taliban
o   Analysis: Iran election opens up as surprise candidates enter race
o   UK's Cameron on U.S. trip to learn Boston lessons, discuss Syria
o   China premier to visit India, Pakistan on first foreign trip
o   Insight: Nigeria's Islamists staging bolder, deadlier comeback
o   Analysis: Malta unlikely to follow Cyprus into crisis
o   Saudi Arabia to punish men over Christian woman convert: paper
o   Australian government avoids recession but voters say thanks for nothing
o   Indonesia president to name new finance minister this week
o   Taiwan gives Philippines ultimatum after fatal shooting of fisherman
o   Nineteen shot in New Orleans Mother's Day parade
o   Bulgaria rightists seek to cobble together government
o   Bulgaria nationalists say will not back leading party
o   Rightist GERB has lead in Bulgaria vote: exit polls
o   After bombings,Turkey says world must act against Syria
o   U.S. broadcast TV ratings slide pressures ad rates at "upfronts"
o   North Korea names another new armed forces minister
o   Malian army heads for rebel-held northern town of Kidal
o   Cameron on U.S. trip to learn Boston lessons, discuss Syria
o   Italy PM Letta warns coalition allies as tension mounts
o   Rightist GERB holds lead in Bulgaria's election
o   Syrian opposition to meet to decide whether to join peace talks
o   Analysis: Iran election race opens up as surprise candidate enter
o   Sharif poised to form government after Pakistan poll
o   Guatemala's Maya finally find justice over civil war crimes
o   Malian army approaches rebel-held northern town of Kidal
o   Obama hails Pakistan for elections, pledges equal partnership
o   Turkey says world must act against Syria after bombings
o   Syrian war death toll rises to 82,000: opposition group
o   Egyptian lawyer denies that Mubarak spoke to paper

WOLRD BUSINESS(Brief News):
  • Dell committee asks Icahn for more information
  • Stock futures dip after record high; retail sales on tap
  • Uganda revises upwards its 2012/2013 coffee exports forecast
  • Lufthansa says April passenger traffic stagnant
  • Hyundai recalls 121,835 SUVs in China to fix brake light switch
  • Dollar rise hits oil, gold; euro sags on ECB cut bets
  • Sappi unit to up prices for speciality paper from July
  • Risks to China recovery seen as factory output underwhelms
  • Ivory Coast inflation rises to 3.9 pct in April
  • S.Africa's Imperial to pay $27 mln for Nigeria stake
  • Profits drop at Mauritius's Sun Resorts
  • Kenyan shilling falls but support seen from tea inflows
  • Mauritius tourism numbers disappoint in April
  • Miner Lonmin posts profit jump as wage battle looms


Business News:
Pakistan

EXCHANGE FOR CURRENCY NOTES:

U.S.A              99.28
S.Arabia         26.47
U.K                 152.36
Japan              0.9740
Euro               128.74
U.A.E             27.03


BULLION RATES IN RUPEES PER 10 GRAMS
KARACHI
Gold Tezabi (24-ct)    Rs46,971
Silver Tezabi               Rs805.71




MOHAMMED SALEEM MANSOORI

 


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