Wednesday, 7 December 2011

BRIEF NEWS UPDATE: 08.12.2011


US wishes Zardari well, dismisses coup rumors
WASHINGTON: The United States Wednesday wished Pakistani President Asif Ali Zardari well after aides said he suffered a heart attack and dismissed rumors that the civilian leader was being pushed out.
“We have seen the reports. We certainly wish him a speedy recovery,” said White House spokesman Jay Carney.
Zardari’s illness sparked media reports that he is contemplating resignation, but loyalists ruled out the idea he may step down.
State Department spokesman Mark Toner, asked if the United States was worried that a quiet coup was underway against the embattled president, said:
“No concerns and no reason to believe” the speculation.
“Our belief is that it’s completely health-related,” Toner told reporters.
Business News


Thu, 8 Dec 2011
-Oil mixed in Asia ahead of EU summit
SINGAPORE: Crude was mixed in Asian trade Thursday ahead of a crunch European Union summit as doubts lingered over 
-Euro eases in Asia ahead of EU summit
TOKYO: The euro eased against major currencies in Asian trade Thursday as investors nervously monitored headlines 
-Bears take away 88 points from KSE
KARACHI: Stocks at Karachi Stock Exchange (KSE) fell on Wednesday as institutions sold their holdings on deteriora 
-Pak rupee at record low of 89.36 to $
KARACHI: The Pakistani rupee traded at a record low early on Wednesday weighed by import payments and a bleak outl 
-New austerity budget approved in Greece after clashes
ATHENS: Greek lawmakers early Wednesday approved a 2012 budget pledging tough fiscal goals demanded by EU partners 
-Oil mixed in Asia ahead of EU summit
SINGAPORE: Crude prices were mixed in Asia Wednesday as traders awaited a European Union summit later this week th 
-CNG stations to remain closed for 18 hrs in Sindh
KARACHI: The CNG stations in Sindh would remain closed for 18 hours from 11:00 pm Thursday till 5:00 pm Friday, Ge 
-P to place euro nations on credit watch
BRUSSELS: Efforts to stabilize Europe s financial crisis were thrown into disarray late on Monday as the 17 countr 
-Anti-Wall Street regrouped in Washington
WASHINGTON: Hundreds of anti-Wall Street protesters and union activists on Monday began to arrive in Washington fo 
-No shortage of fertilizers for Rabi crops: Pervaiz Elahi
ISLAMABAD: Federal Minister for Industries Chaudhary Pervaiz Elahi has assured the farmers that there would be no 
-Asian markets mostly higher on euro hopes
HONG KONG: Asian markets mostly rose Monday, lifted by strong US jobs data and Italy s agreement of new austerity 
-Oil up in Asia on Iranian tensions
SINGAPORE: Oil prices rose in Asian trade Monday after Iran s military reportedly said it had shot down a US drone 
-China says U.S. solar ruling smacks of protectionism
SHANGHAI: China said it was "deeply concerned" about a preliminary ruling by a U.S. trade body that trade practice 
-Samsung up after beating Apple in court
SEOUL: Shares in Samsung Electronics Co rose nearly 2 percent early on Monday after a U.S. court rejected a bid by 
-Faisalabad industries face 4th day gas cut
FAISALABAD: Gas supply to Faisalabad industries remained suspended on fourth consecutive day on Sunday, Geo News report




LATEST/BRIEF NEWS:


·        President Zardari s Dubai visit health related : US
·        Parliament body on national security meets today
·        President Zardari is fine, Dr. Asim asserts
·        Qaeda chief Osama not in action since long before raid
·        Veena Malik FHM controversy: magazine responds
·        Karachi:CNG closure for 18hrs from 11pm
·        Mirza hints at returning to Pakistan
·        Bilawal, Gilani chair meeting to discuss Senate polls
·        State Dept defends Pakistan aid
·        US evacuating Shamsi air base
·        Mission impossible for Pakistani progressives?

Mohammed Saleem Mansoori

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