Monday, 28 May 2012

LATEST NEWS UPDATE: 28.05.2012


Leon Panetta says that U.S will not be held hostage by Pakistan
US Defense Secretary Leon Panetta vowed Sunday not to let the United States be “gouged” by Pakistan on the price it charges for overland deliveries of American military supplies to Afghanistan. Pakistan closed the land route to
US supplies in November as punishment for a botched US air strike that mistakenly killed 24 Pakistani soldiers, but have been in negotiations to reopen the border crossing.
The supply lines impasse is just one of a host of issues that have opened deep schisms in relations between the two countries, supposed allies in the US battle against extremists. Relations plunged to an all-time low after a US
raid by US special operations forces killed al Qaeda leader Osama bin Laden in a compound in a Pakistani garrison town on May 2, 2011.
The United States has moved gingerly to make up with the Pakistanis, who were incensed that they learned of the raid only after it had been carried out. But the issue flared anew last week when a Pakistani court sentenced a doctor
who helped the United States gather DNA data used to track down bin Laden to 33 years in prison for helping the Americans.
“It is so difficult to understand and it’s so disturbing that they would sentence this doctor to 33 years for helping in the search for the most notorious terrorist in our times,” Panetta said. “What they have done here,” he added,
“does not help in the effort to try to re-establish a relationship between the United States and Pakistan.” 


LATEST/BRIEF  NEWS:

·       Firing on bus claims 3 lives in Kurram
·       At Indo-Pak border, visa-free 40 metres
·       Four killed in Rawalpindi firing
·       Seven killed in US drone strike in NWA
·       Ahmadinejad critic re-elected
·       India's intentions honest for Pak ties
·       PML-N, PTI moving Supreme Court today against Gilani and Speaker
·        Rawalpindi reckless shooting kills 4
·       Passenger bus attacked in Kurram Agency, three killed, six injured
·       President chairs meeting on law and order today
·       Rs3,314m budget approved for FY 2012-13
·       Fauzia Wahab in critical condition


Business News:
  Mon, 28 May 2012
-Oil rises on Iran fears, easing of eurozone worries
SINGAPORE: Oil prices edged higher in Asian trade Monday as major crude producer Iran and Western powers failed to 
-Asian markets rise after Greece opinion poll
HONG KONG: Asian markets rose on Monday as an opinion poll indicated a victory for pro-austerity conservatives in 
-Asian markets rise after Greece opinion poll
HONG KONG: Asian markets rose on Monday as an opinion poll indicated a victory for pro-austerity conservatives in 
-At India-Pakistan border, a visa-free 400 metres
NEW DELHI: In a significant move that could show the way for putting in place a liberal visa regime between them, 
-Euro firms on pro-austerity boost in Greece
TOKYO: The euro firmed against the dollar and yen in a "relief rally" in Asia Monday as opinion polls suggested Gr 
-India to guarantee safe gas transit from TAPI
NEW DELHI: India will pay USD 13 per million British thermal unit (MMBTU) for buying natural gas through the much 
-Facebook deflates any thought of new tech bubble
NEW YORK: The horrendous stock market debut for Facebook suggests investors are not ready to jump in and create an 
-Headway on electricity import from India soon: Naveed Qamar
TANDO MUHAMMAD KHAN: Federal Minister for Water and Power, Naveed Qamar Saturday said talks were underway over imp 
-Hafeez says no `unpleasant surprise'' in upcoming budget
ISLAMABAD: Federal Minister for Finance, Dr. Abdul Hafeez Shaikh said Friday that the government would not put any 
-OGRA raises wellhead gas prices for OGDC
KARACHI: Oil and Gas Regulatory Authority (OGRA) has notified wellhead gas price for Oil and Gas Development Autho 
-LPG price jacked up by Rs5-6 per kg
KARACHI: Liquefied Petroleum Gas LPG marketing companies have increased price by Rs5-6 per kilo after depletion of 
-Oil dips in Asia on eurozone debt woes
SINGAPORE: Oil prices eased in Asian trade Friday on growing fears about the eurozone s debt troubles but the fall 
-Facebook IPO debacle raises investor dander
NEW YORK: The spate of complaints and investigations over the Facebook stock offering suggests big institutions ha 
-Asian shares slip as European woes persist
HONG KONG: Asian markets mostly fell Friday and the euro sat at near-two year lows as weak European data added to 
-Euro under pressure in Asian trade
TOKYO: The euro remained under pressure in Asian trade on Friday as markets fretted over Europe s economy and fear

MOHAMMED SALEEM MANSOORI

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