Tuesday, 20 September 2011

DAILY BUSINESS NEWS IN BRIEF:21.09.2011


26 Shia pilgrims shot dead in Mastung

* Gunmen order Iran-bound pilgrims off their bus, line them up and open fire

* Lashkar-i-Janghvi claims responsibility

* President, PM condemn killings

QUETTA/Islamabad: At least 26 Shia pilgrims were killed and six others sustained injuries in Ganjidori area of Mastung, about 30 kilometers from Quetta, when a group of armed men attacked a passenger bus carrying Shia pilgrims from Quetta to Iran.

According to eyewitness Khushal Khan, the driver of the bus, the passenger bus, carrying 45 passengers, an overwhelming majority of whom were Shia pilgrims, was on its way to Taftan, a town shares border with Iran, from Quetta when intercepted by assailants armed with sophisticated weapons and rocket launchers. “The assailants asked the passengers to come out, lined them up and then opened fire on them. I fled the scene along with other passengers,” Khusal told the reporters.

The banned outfit Lashkar-i-Janghvi claimed the responsibility for the attack and its spokesperson who introduced himself as Ali Sher Haideri said his organization will continue to target people from Shia community.

Assistant Commissioner Shahnwaz Nosherwani confirmed that 26 people were killed and six others sustained injuries in the attack.

According to eyewitness accounts, the assailants were in two vehicles. “They blocked the way using a pickup truck and stopped the second vehicle beside the bus. The assailants, who were 8 to 10 in number, asked all the passengers onboard to come down,” they said, adding that the firing lasted for about 10 minutes.

Home Secretary Nasebullah Bazai termed the incident as sectarian violence and said they had no prior information about the pilgrims’ journey.

This was the second major attack during this month targeting the people from Shia community. At least 13 people, including children and women, were killed and over 55 others received injuries in a suicide attack on the first day of Eidul Fitar.

President Asif Ali Zardari and Prime Minister Yousaf Raza Gilani strongly condemned the attack and directed authorities to capture those responsible. mohammad zafar/app

Seven get death in Sialkot lynching case

*Six awarded life imprisonment

* DPO among 10 policemen to serve three years jail


SIALKOT: In a landmark decision, an Anti-Terrorism Court (ATC) in Gujranwala on Tuesday handed down death punishments to seven accused and life imprisonment to six others in a case in which two brothers, Mughees and Muneeb of Sialkot, were brutally lynched in full public view in August last year.

Ten policemen, including District Police Officer (DPO) Waqar Chohan, were also awarded three years in jail.

Teenage brothers Hafiz Mugheez and Hafiz Muneeb were mercilessly tortured to death by a mob in the presence of police officials at Buttar village in Sialkot on August 15, 2010. The lynching outraged the nation and received massive media attention.

Later, Chief Justice Iftikhar Muhammad Chaudhry took a suo motu notice of the lynching and later transferred the case to ATC.

Parents and other relatives of the Hafiz brothers welcomed the court’s decision. They hailed the chief justice for taking suo motu notice on the case and for taking the case to its logical conclusion. They also praised the media for projecting the incident and siding with the suppressed people.

The government lawyers also expressed their satisfaction over the decision of the court and described it as a message to barbaric people. They said that in future the people would think 10 times before committing such crimes. inp

Business News

   Tue, 20 September 2011

-
LPG price to go up by Rs13/kg
He

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Oil prices rebound, but Italy downgrade weighs
New York"s main contract, light sweet crude for delivery in October, added $1...08 to $86...78 a barrel... Brent North Sea oil for November

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Euro falls after S&P downgrades Italy
The dollar was range

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Oil prices mixed as economic worries weigh
New York"s main contract, WTI light sweet crude for October delivery, was down five cents to $85...65 a barrel in morning trade, and Brent North Sea crude for November climbed 48 c

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Islamabad stocks shade green
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SECP passes 12 orders, showcauses 34 cos
The enforcement actions mainly pertained to violations of takeover ordinance, unauthorized inter-corpor

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Thar coalmining, powerplant MoU inked
Speaking at the signing ceremony of the Memorandum of Understanding

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Efforts afoot to up sector set in stone
He said in message during the 7th BUILD Asia 2011 exhibition at Expo that Karachi Pakistan Stone Development Company (PASDEC) is endeavoring to develop the country"s Marble and Granite sector on modern lin

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Rupee firms; o/n rates up
The rupee h

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KSE ends on a flat note
"Unc


BRIEF NEWS:
·      US presses Pakistan over Haqqani network
·      US woman is world’s shortest
·      Rabbani Khar meets Netherlands’FM.Mirwaiz
·      7 get 4 count death in Sialkot case
·      Ex-Afghan President Rabbani killed
·      Karachi: accused in murder case held
·      US planned to attack Britain in 1930
·      Pak cricket team return home
·      President condemns Mastung bus attack
·      DHA attack wasnot suicidal: Malik
·      LPG priceto go up by Rs.13/Kg
·      Mastung bus driver tells what he saw
·      Salim Shahzad widow records statement
·      New Libya leaders hailed at UN
·      Obama decries Rabbani killing


 Mohammed Saleem Mansoori


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