Tuesday, 24 January 2012

DAILY BRIEF NEWS UPDATE: 25.01.2012


Pentagon rejects Pakistan army report on NATO blunder

WASHINGTON: The United States rejected Monday the findings of a Pakistani probe into NATO air strikes that killed 24 Pakistani soldiers in late November, saying the investigation ignored the fact that 'mistakes' were made on both sides.At a press briefing, Pentagon spokesman John Kirby said the Pakistani army had officially delivered during the weekend a copy of the report conducted by Islamabad on the November 26 strikes against a Pakistani border post.'The statement that this was an unprovoked attack by US forces is simply false,' said Navy Captain Kirby. 'It was not an unprovoked attack,' he said. 'There were errors made by both sides here.'Underscoring its criticism of the NATO force in Afghanistan, the Pakistani military rejected Monday US efforts to apportion some of the blame to Pakistan as 'unwarranted and unacceptable.' (AFP)


Business News

Tue, 24 Jan 2012

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Gas closure: Misery continues for Faisalabad industries for 34th day
FAISALABAD: The industrial units in Faisalabad remained shut for more than a month as a result of suspension of ga

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KSE sheds 46 points, ends at 11,991
KARACHI: The Karachi Stock Exchange (KSE) benchmark 100-share index closed down 0.38 percent, or 46.28 points, at

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Euro eases against dollar, yen in Asia
TOKYO: The euro eased against major currencies in Asian trade Tuesday as investors monitored events in Europe, dea

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Oil prices mixed in Asian trade
SINGAPORE: Crude prices were mixed in Asian trade Tuesday on rising tensions in the Middle East after the European

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Local stocks lock a 2-month high
KARACHI: Karachi Stock Exchange (KSE) closed on a more than two-month high on Monday, with volume at a one-year hi

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Pak-India talks on Turkmenistan gas project Tuesday
ISLAMABAD: A Pakistan delegation headed by Federal Minister for Petroleum Dr. Asim Hussain has arrived in India to

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Rupee retreats against dollar
KARACHI: In the currency market, Monday, the rupee ended weaker at 90.21/26 to the dollar, compared with Friday s

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Euro slips ahead of finance ministers'' meeting
TOKYO: The euro slipped against the dollar and yen in Asia on Monday as the market awaited a meeting of eurozone f

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Oil prices lower on Europe debt worries
SINGAPORE: Oil prices were lower in Asian trade Monday amid renewed concerns over Europe s ability to deal with it

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Faisalabad industry sans gas 32nd day on
FAISALABAD: The industry in Faisalabad had to suffer from gas closure for the 32nd consecutive day on Sunday, Geo

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Sindh CNG stations reopen after 24 hr suspension
KARACHI: CNG stations in Sindh including Karachi reopened on Saturday at 9 am after facing 24 hours suspension, Ge

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Faisalabad IUs remain shut for 31st day
FAISALABAD: The industrial units in Faisalabad remained shut for more than a month as a result of suspension of ga

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ECC allows purchase of 100,000mn ton local sugar
ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet here on Friday took a number of decisions inc

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Dollar dwarfs rupee down to a record low
KARACHI: In the currency market, Friday, the rupee ended weaker at 90.18/23 to the dollar, compared to Thursday s

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KSE ends 2.25pc up ahead of finmin visit
KARACHI: Pakistani stocks ended on a two-month high on Friday ahead of an expected visit by the country s finance


LATEST/BRIEF NEWS:

·       US safer with Taliban momentum broken: Obama
·       Senate session: Shoot down US drones, urge lawmakers
·       Drug deaths: Six more die, overall toll at 70
·       PPL to announce result today
·       Honda Atlas posts loss of Rs143m
·       ‘Extremists can’t escape from US reach’
·       US pleased over Pak institutions talks
·       PM Gilani meets COAS, DG ISI, FM


Mohammed Saleem Mansoori

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