LATEST NEWS UPDATE: 25.06.2012

President’s immunity and dual posts challenged in SC

ISLAMABAD: President Asif Ali Zardari’s immunity and dual posts held by him were challenged in the Supreme Court on Monday, DawnNews reported.
Advocate Mahmood Akhtar Naqvi has filed a petition against the immunity and dual positions held by the President.
The petitioner has referred to Article 33 of the constitution of Pakistan and said that president of the country cannot hold two offices.
President Asif Ali Zardari is also serving as the co-chairman of Pakistan People’s Party (PPP).
Naqvi is of the view that holding two offices is wrong on President Zardari’s part.

Rehman Malik protests Afghan militant incursion

ISLAMABAD: Adviser to prime minister on interior affairs, Abdul Rehman Malik on Monday expressed his grievances to Afghanistan over the Afghan militant attack on Pakistani security personnel in Upper Dir area on Sunday, DawnNews reported.
Malik contacted the Afghan Interior Minister to submit his complaint over the incident and blamed Afghan authorities for not preventing the cross border movement of militants into Pakistan.
A cross border attack by Afghan militants in Upper Dir area resulted in the deaths of 10 security personnel whereas another 10 were missing.
Pakistan security forces killed 15 militants in retaliatory action.
The security forces’ team was patrolling on the Pak-Afghan border when it was attacked by the militants who crossed the border. Sources said that the team was sent to the location on the information of militant presence in the area.

Parliament will decide on NATO route: PM

 KARACHI: Prime Minister Raja Pervaiz Ashraf said Sunday that the solution of the country’s problems is Parliament and democracy. Prime Minister Ashraf was speaking to the media following his visit to Quaid-e-Azam Muhammad Ali Jinnah’s mausoleum.
The new prime minister when asked about NATO supplies replied that the decision would be made by the Parliament.
Ashraf added that his government would be paying special attention to the energy crisis and the law and order situation. “We are giving priority to law and order issues,” Ashraf said.
The new prime minister emphasised that neither he nor his party believed in the politics on confrontation and would continue to pursue the policy of reconciliation.
Earlier, PM Ashraf visited the mausoleum of Quaid-e-Azam Muhammad Ali Jinnah along with Sindh Governor Dr Isratul Ebad Khan, Chief Minister Syed Qaim Ali Shah, Federal Ministers Qamar Zaman Kaira, Manzoor Wattoo and others.
The Prime Minister laid floral wreath on the mausoleum and offered fateha. It was the first visit of Raja Pervaiz Ashraf after being elected as the Prime Minister of Pakistan.

LATEST/BRIEF  NEWS:

·       26/11 key suspect held at Delhi airport

·       Key plotter of Mumbai Attacks arrested: Indian police

·       Firing incident kills three in Karachi

·       Five more bodies found in Karachi

·        Pakistan, China cooperating in space technology

·       Democracy intact, says Raja

·       Gilanis actions given legal cover

·       Pakistan proposes steps to reduce trade gap with Bangladesh

·       ANF conducting raids to arrest Musa in drug case

·       Traders suffered Rs1.5 billion losses last month

·       Chinese keen to invest in Pakistan

·       New PM should write Swiss letter, says Naheed

Business News:

Mon, 25 Jun 2012 - Oil up in Asia on Gulf of Mexico supply disruption SINGAPORE: Crude prices rose in Asia on Monday as the onset of Tropical Storm Debby forced oil and gas operators - Asian markets slip on EU summit concerns HONG KONG: Asian markets fell Monday on pessimism over the likelihood that a European summit this week will come u - Euro weakens in Asia ahead of EU summit TOKYO: The euro weakened in Asia on Monday as traders looked for safer assets amid concern ahead of a European Uni - Slash in petroleum prices proposed again ISLAMABAD: Petroleum prices throughout the country are expected to reduce by Rs3 from July 1, Geo News reported Sa - Pakistan?s GDP growth encouraging: SBP report KARACHI: Pakistan s economic growth of 3.7 percent during FY12 is higher than 3.0 percent realized in previous year - SBP to buy govt. paper in reverse repos KARACHI: Pakistan s central bank said it would buy government paper from commercial banks on Friday in seven-day a - Dollar slips in Asian trade TOKYO: The dollar slipped in Asian trade Friday following falls on Wall Street triggered by worries over global gr - Asian markets slip on US losses, weak manufacturing HONG KONG: Asian markets slipped Thursday following big losses on Wall Street in the wake of weak manufacturing data - Oil up in Asia on short-covering SINGAPORE: Oil prices inched up in Asian trade Friday as wary traders bought up cheap crude to recoup some of their - Pakistan rupee loses vs dollar; o/n rates unchanged KARACHI: In the currency market, the rupee weakened to close at 94.36/41 to the dollar, compared to 94.21/26 on We - Karachi stocks fall ahead of prime minister election KARACHI: Country s apex bourse closed lower on Thursday amid fresh political uncertainty ahead of a vote to elect - Pakistan forex reserves fall to $15.0465 billion ISLAMABAD: Pakistan s foreign exchange reserves fell to $15.0465 billion in the week ending June 15from $15.417 bi - Microfinancers allowed funds from NBFCs, capital market KARACHI: The State Bank of Pakistan (SBP) has allowed microfinance providers (MFPs) to mobilize funding from non-b - Oil down in Asia SINGAPORE: Oil prices fell in Asian trade Thursday on rising US crude stockpiles as traders lamented the lack of f - Euro slips, dollar rises in Asian trade TOKYO: The euro slipped in Asian trade Thursday on concerns Spain s troubled banks may need a bigger bailout, while

MOHAMMED SALEEM MANSOORI