Tuesday, 13 December 2011

BRIEF NEWS UPDATE: 14.12.2011


Stable relationship with Pakistan critical: Panetta

WASHINGTON: Defense Secretary Leon E. Panetta expressed confidence that the United States and Pakistan can patch up their differences, emphasizing that ?ultimately, we can t win the war in Afghanistan without being able to win in our relationship with Pakistan as well.?The secretary said restoring the strained relationship with the United States critical to long-term progress in Afghanistan. ?It is essential to stability in that region that we not only achieve a peaceful resolution with regards to Afghanistan, but that we are able to develop a more stable relationship with Pakistan as well,? he said. ?If that region is ever going to find peace, it is going to happen not only by achieving stability in Afghanistan, but also by achieving some degree of stability in Pakistan as well.?The US relationship with Pakistan has been ?difficult and complicated,? Panetta conceded. ?But it is an important relationship, and it is one we have to continue to work at.?The secretary noted that Pakistan has provided important cooperation to the United States. ?At the same time, we have had some serious difficulties with regards to some of the operations that involve groups in the federally administered tribal areas (Fata) and groups along the border,? he said.Strain between the two countries increased after the May 2 raid that took down Osama bin Laden in Pakistan, and intensified after a Nov. 26 engagement near Pakistan s border with Afghanistan that killed 24 Pakistani soldiers.He expressed hope that the investigation will shed light on ?exactly what happened,? but said he has not yet received an update on any findings.The United States also is working to get Pakistan to reopen ground supply routes into Afghanistan it closed after the border incident. ?I am confident that will happen,? Panetta said. ?I remain confident that at one point, we are going to be able to restore our normal supply routes.?For now, Panetta said he s satisfied that troops have the supplies they need to continue their operations in Afghanistan. ?Our command structure has done an incredible job ensuring that one way or another, we are able to get those supplies in,? he said.

Business News

  Wed, 14 Dec 2011
-Oil lower ahead of OPEC meeting
SINGAPORE: Oil was lower in Asian trade Wednesday, dampened by demand worries as the eurozone debt crisis showed n 
-Asian markets mostly lower as Europe woes drag
HONG KONG: Asian markets mostly fell Wednesday and the euro sat near one-year lows as traders unconvinced by Europ 
-KSE 100-share Index slides by 199 points
KARACHI: The Karachi Stock Exchange s (KSE) benchmark 100-share index ended 1.73 percent, or 199.10 points, lower 
-CNG closed in Lahore, Multan for 2nd day
LAHORE: All the CNG stations in Lahore and Multan regions were closed on Tuesday, the second day of three-day week 
-Asian markets down on eurozone debt pact worries
HONG KONG: Asian markets fell Tuesday, tracking losses on Wall Street as worries rose that a deal by European Unio 
-Euro weaker on warnings from ratings agencies
TOKYO: The euro remained weaker against other major currencies in Asia on Tuesday after credit ratings agencies was 
-Crude mixed in Asia as EU worries weigh
SINGAPORE: Crude prices were mixed in Asia Tuesday with markets rattled by worries that a European Union deal on c 
-ECC okays import of 0.2mn ton urea
ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet here on Monday decided to allow import of 200, 
-Rupee down vs dollar; o/n rates fall
KARACHI: The rupee weakened on Monday because of increased import payments especially for oil, and dealers said the 
-KSE ends on a ?flat note?
KARACHI: Stocks in the local market ended almost flat in thin volume as cautious investors stayed on the sidelines 
-Aslam Hayat appointed Chairman Karachi Port Trust
ISLAMABAD: Prime Minister Syed Yusuf Raza Gilani Monday appointed Muhammad Aslam Hayat as Chairman Karachi Port Tr 
-Oil lower despite EU deal to save eurozone
SINGAPORE: Oil weakened in Asian trade Monday as investors remained cautious despite backing from EU leaders for a 
-Euro falls after rallying on Euro debt talks
TOKYO: The euro fell against other major currencies in Asia on Monday as investors awaited further details on meas 
-Asian markets higher after EU debt deal
HONG KONG: Asian markets rose on Monday with investors cautiously welcoming last week s agreement by European lead 
-Gas supply to CNG stations halted in Lahore
LAHORE: The gas supply to all CNG stations located in Lahore has been halted for three days (Monday to Wednesday)

LATEST/BRIEF NEWS:


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·        Panetta to meet President Karzai
·        KSE 100-share Index slides by 199 points
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·      Pakistan talking again to US-led coalition: NATO
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·        Pakistan not responsible for every ill in Afghanistan, Khar tells Senate


Mohammed Saleem Mansoori

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