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Sunday, 29 January 2012
PAKISTAN-DAILY BRIEF NEWS: DAILY BRIEF NEWS UPDATE:30.01.2012
PAKISTAN-DAILY BRIEF NEWS: DAILY BRIEF NEWS UPDATE:30.01.2012: SC gives memo commission two more months to finish work ISLAMABAD: The Supreme Court on Monday granted the judicial commission probi...
DAILY BRIEF NEWS UPDATE:30.01.2012
SC
gives memo commission two more months to finish work
ISLAMABAD: The Supreme Court on Monday granted the judicial commission
probing the memo scandal two more months to complete its work, DawnNews
reported.Headed by Chief Justice Iftikhar Mohammad Chaudhry, a nine-judge Supreme Court bench resumed the hearing on the petitions of PML-N chief Nawaz Sharif and others on the secret memo reportedly sent by then ambassador to US Husain Haqqani to former US joint chiefs of staff Admiral Mike Mullen to pre-empt a military takeover.
The original tenure of the commission ends today.
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Mon, 30 Jan 2012
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Lahore: CNG stations closed for 3 days
LAHORE: All the CNG stations, under the gas load management plan, in Lahore region have been closed at 6:00 AM tod |
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India won''t cut Iranian oil imports: finance minister
CHICAGO: India, the world s fourth-largest oil consumer, will not take steps to cut petroleum imports from Iran de |
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Iran says oil price could reach $150 per barrel on EU
embargo
TEHRAN: Iran said on Sunday that oil prices could reach $150 per barrel as a result of the European Union s ban on |
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Sindh CNG stations reopen after 24 hr suspension
KARACHI: CNG stations in Sindh including Karachi reopened on Sunday at 9 am after facing 24 hours suspension, Geo |
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World leaders slam eurozone foot-dragging on debt
crisis
DAVOS: World economic leaders turned their fire on the eurozone Saturday at a Davos forum increasingly frustrated |
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CNG stations closed for 24 hrs in Sindh
KARACHI: All the CNG stations across Sindh province including Karachi, under gas load management plan, have been s |
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Greek debt talks still cloud more upbeat Davos
DAVOS: The global elite had talked itself into an upbeat frame of mind as the Davos forum neared its climax on Sat |
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Rupee secures a firm close vs greenback
KARACHI: The rupee, in the currency market, Friday ended firmer at 90.22/27 to the dollar, compared with Thursday |
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KSE vaults as investors indulge in OGDC
KARACHI: Stocks at the local equities market ended higher on Friday as investors bought energy shares such as Oil |
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Euro under pressure as market watches Greek talks
TOKYO: The euro remained under pressure in Asia on Friday as market players awaited developments in Greece s talks |
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Asian markets rise on Greece hopes
HONG KONG: Asian markets rose Friday on tentative hopes that Greece will be able to agree a deal with creditors on |
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Oil prices higher in Asian trade
SINGAPORE: Oil rose in Asian trade Friday on expectations the US economy saw robust growth in the final quarter of |
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Muneer Kamal reelected as chairman KSE
KARACHI: Muneer Kamal has been unanimously re-elected as chairman of the board of Karachi Stock Exchange (KSE) at |
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Forex reserves slip to $16.802 billion
KARACHI: Pakistan s liquid foreign reserves slipped by $ 101 million to more than $ 16.802 billion on January 20,2 |
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Gold price soars by Rs1500 per tola
KARACHI: Gold price on Thursday registered a whopping increase of Rs1500 per tola in local markets after the yellow |
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Thursday, 26 January 2012
PAKISTAN-DAILY BRIEF NEWS: DAILY BRIEFNEWS UPDATE: 27.01.2012
PAKISTAN-DAILY BRIEF NEWS: DAILY BRIEFNEWS UPDATE: 27.01.2012: Memogate: PCNS summons Mansoor Ijaz on Feb 10 ISLAMABAD: The Parliamentary Committee on National Security (PCNS) has summoned Manso...
DAILY BRIEFNEWS UPDATE: 27.01.2012
Memogate: PCNS summons Mansoor Ijaz on Feb 10
ISLAMABAD: The Parliamentary Committee on National Security
(PCNS) has summoned Mansoor Ijaz, the main characters in memogate scandal, on
February 10, Geo News reported.The meeting, chaired by Senator Raza Rabbani,
reviewed security arrangements for Mansoor Ijaz and termed them satisfactory.
The committee convened its next meeting on Feb 10 and asked Ijaz to appear
before it on the same day.
US
wants Pakistan to drop IP project
WASHINGTON: The United States is working with Pakistan to help it
deal with the consequences if it agrees to abandon the Iran pipeline project,
says the US State Department.“Pakistan is one of the countries that we’re working with, primarily from the US Embassy” in Islamabad, the department’s spokesperson Victoria Nuland told a briefing in Washington when asked if the United States was also urging Pakistan not to buy gas from Iran.
Earlier this month, US President Barack Obama signed into law new sanctions against Iran.
The measure, which Congress passed as part of the 2012 National Defence Authorisation Act, penalises foreign financial institutions that do business with Iran’s central bank, as Pakistan will have to if it buys gas.
“We’re talking to countries around the world about the implication of this legislation and our efforts to cut global dependence on Iran,”
Ms Nuland said. Asked if Washington was encouraging Pakistan to buy cheaper gas from US companies, the State Department official said: “I don’t have anything specific on where those conversations are leading, but we are talking about all kinds of diversification.”
The US media reported earlier this week that the US has stepped up efforts to persuade Pakistan to abandon not only the gas pipeline project, but also to stop purchasing liquefied natural gas from its western neighbour in return for cheaper gas from US companies.
The reports said that US embassy officials in Islamabad had held several meetings with senior Pakistani officials to learn more about the country’s current LNG import and about the IP gas pipeline project.
US experts quoted in the media say that the Iranian gas will cost $12 per million British thermal units (mmbtu) while LNG would cost $18 per mmbtu.
The United States could help Pakistan buy LNG at $4.5 per mmbtu.
American experts also say that US energy companies have increased gas supply in recent years, causing natural gas prices to fall 5.7 per cent on January 12, to their lowest level in over two years.
And Pakistan should benefit from this change. The experts also argue that it will be cheaper for Pakistan to import gas from Turkmenistan.
The Pakistanis say that they too knew bringing gas from Turkmenistan would be cheaper but they fear that the situation in Afghanistan would not allow the construction of the proposed Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline.
The multi-billion-dollar Iran-Pakistan gas pipeline deal with Tehran, which was signed in June 2010, aims to export a daily amount of 21.5 million cubic metres (or 8.7 billion cubic metres per year) of Iranian natural gas to Pakistan.
Maximum daily gas transfer capacity of the 56-inch pipeline, which runs over 900 km inside Iran before entering Pakistan, has been given at 110 million cubic metres.
The project was originally known as the Iran-Pakistan-India (IPI) pipeline project. But India left the project in October 2007.
Iran has already constructed more than 900 kilometres of the pipeline on its soil.
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