DAILY LATEST NEWS UPDATE: 05.03.2011

Pakistan testfires Hatf II missile

Pakistan on Monday successfully test fired the Short Range Surface to Surface Ballistic Missile Hatf II (Abdali).

Inter-Services Public Relations (ISPR) said Monday the military successfully test fired a short-range missile capable of carrying nuclear warheads.

The Hatf II (Abdali) has a range of 180 kilometres and carries nuclear as well as conventional warheads with “high accuracy”, the military said in a statement.

“It provides an operational level capability to Pakistan’s strategic forces, additional to the strategic and tactical level capability which Pakistan already possesses,” the statement said.

Director General Strategic Plans Division Lt. Gen. (Retd) Khalid Qidwai and Commander Strategic Force Command Lt. Gen. Tariq Nadeem Jeelani witnessed the missile test.

President Asif Ali Zardari and Prime Minister Yousuf Raza Gilani have congratulated the scientists and engineers for successful missile test.

Altaf slams slanderous cases against Hamid Mir

LONDON: MQM leader Alataf Hussain Sunday, in the strongest of words, condemned the filing of a case as well as issuance of non-bailable arrest warrants against Geo News senior anchorperson and columnist Hamid Mir.MQM leader, in a statement issued here, termed it a blatant attack on the freedom of expression.He demanded of the government to step in and had all such libelous cases dismissed.Earlier, according to media reports, Quetta Judicial Magistrate-III Muhammad Ibrahim Kakar issued a non-bailable arrest warrant for Hamid Mir as well as the chairman of the group and editor-in-chief of daily Jung newspaper. The court had issued Mir s arrest warrant in a case filed by a senior lawyer of Balochistan, Khalid Khan. The petitioner in his stance said that his column published on October 24, 2011, Mir had deliberately used contemptuous words against Pashtoon nationality that hurt the feeling of Pashtoon people. Besides the columnist, he had also made the editor-in-chief of the newspaper a party in the case.

 

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Business News

Mon, 5 Mar 2012

-India MRPL plans hefty cut in Iran oil imports
SYDNEY: Iran s biggest Indian oil client, Mangalore Refinery and Petrochemicals Ltd (MRPL), plans to cut its annua 

-Euro holds firm as market awaits data
TOKYO: The euro held firm against the dollar in Asia on Monday as investors opted to sit and wait for upcoming dat 

-Oil prices up in Asian trade
SINGAPORE: Oil prices rose in Asian trade Monday on prospects for stronger US economic growth and jitters sparked 

-LPG price surged by Rs 20 per kg
KARACHI: The prices of LPG have been raised by Rs20 per kilogram on Saturday, Geo news reported. According 

-German company awarded Iran-Pakistan gas pipeline contract
ISLAMABAD: Pakistan has issued tender for the laying of Iran-Pakistan (IP) gas pipeline in its territory to a Germ 

-CNG loadshedding duration to increase in Punjab
LAHORE: The duration of CNG suspension in the Punjab region is about to increase from two-and-a-half days to three 

-CNG stations closed for 24 hours in Sindh
KARACHI: CNG stations across the province of Sindh will remain closed for 24 hours starting 9 am Saturday, Geo New 

-KSE concretes already cemented gains
KARACHI: Local stocks, led by the cement sector, ended at its highest close since June 2008, dealers said. 

-Rupee ends weaker; o/n rates flat
KARACHI: Higher import payments following an increase in international oil prices drove the rupee down to 90.98/91 

-Inflation shoots up week-on-week basis
ISLAMABAD: The Sensitive Price Indicator (SPI), for the week ended on March 1, for the lowest income group up to R 

-End of loadshedding tied to payment of bills: Naveed Qamar
PESHAWAR: Federal Minister for Water and Power, Syed Naveed Qamar, Friday said that owing to generation capacity g 

-Euro up on gains in Asian stocks
TOKYO: The euro traded higher against the dollar and yen in Asia on Friday on improved risk sentiment spurred by g 

-Asian markets lifted by US data, European moves
HONG KONG: Asian markets upward trend since the start of the year continued on Friday as optimism was boosted by 

-Oil prices retreat in Asia after overnight surge
SINGAPORE: Oil prices retreated in Asian trade on Friday as dealers took profits from overnight gains driven by ru 

-Sindh: SSGC announces weekly CNG closure
KARACHI: All CNG stations in Sindh province including Karachi will remain close from 9am on Saturday, March 3rd to

 MOHAMMED SALEEM MANSOORI