Wednesday, 19 September 2012

LATEST NEWS UPDATE: 20.09.2012



US Haqqani sanctions come into affect
WASHINGTON: US sanctions against the Pakistan-based Haqqani network of militants have come into force following the Obama administration’s decision to designate the group a ”foreign terrorist organization.”     
Secretary of State Hillary Rodham Clinton said earlier this month that the step would be taken. The decision was formalized Wednesday with the publication of the announcement in the Federal Register.
The move freezes any assets that the group or its members have in US jurisdictions. It also bans Americans from doing business with them.
The Taliban-allied Haqqani network is responsible for numerous attacks in Kabul, the Afghan capital. Among the attacks is last September’s rocket-propelled grenade assault on the US Embassy and Nato headquarters.

 

1)AG Irfan Qadir removed as prosecutor in Malik Riaz contempt case, SC rules: ISLAMABAD: The Supreme Court of Pakistan (SC) on Thursday ruled that Attorney General of Pakistan Irfan Qadir will not serve as the prosecutor in a contempt of court case against real estate tycoon Malik Riaz Hussain, Geo News reported.
The SC has also sought a list of senior lawyers from the registrar for the appointment as prosecutor in the case. The SC detached AG Irfan Qadir from the Malik Riaz contempt case due to his biased behaviour.
The apex court on Monday had reserved the judgment as to whether AG Irfan Qadir could serve as prosecutor or not in the contempt case.
The attorney general had also submitted a request to make Chief Justice of Pakistan, Iftikhar Mohammad Chaudhry a witness in the case, adopting the position that judges have appeared before the court in the past. Justice Ejaz Afzal however, told the attorney general that being a prosecutor in the instant case, he was not supposed to defend the accused.
He further reminded the AG that he had been accused of being biased. Irfan Qadir however replied that Dr Arsalan Iftikhar had levelled accusations against him. The attorney general submitted that in order to prove Malik Riaz wrong it is important for the chief justice to appear before the court. He further requested the court to make Chief Justice of Pakistan Iftikhar Mohammad Chaudhry the prosecutions witness.
The court however, observed that the list of evidences, the learned attorney general was submitting shows as if he was defending the accused.
“Being a principal law officer, you should remain in your own jurisdiction”, the court asked the AG. Irfan Qadir however contended that he was an impartial law officer and assisting the court as per law.
Justice Ejaz Afzal however, observed that the court would examine as to whether the learned attorney general could serve as prosecutor in the instant case. Dr Abdul Basit, counsel for Malik Riaz while appearing before the court contended that as per law, the court was not authorised to change the prosecutor. He further submitted that when the issue related to the chief justice of Pakistan, senior judges should hear the instant case instead of the present bench.
Dr Basit further argued that his client Malik Riaz should be freed if the chief justice does not appear as witness in the case since the contempt proceedings began as a result of Malik Riaz scandalizing and levelling serious charges at the chief justice at a press conference.
He further contended that since the dignity of the office of prime minister was increased when the former prime minister appeared before the court in a contempt case, therefore, the dignity of the court would also be increased, if the chief justice appeared before the court as a witness in the instant case.
2) Dual nationality: SC disqualifies MPs: ISLAMABAD: Supreme Court of Pakistan (SC) has announced the judgment on the petitions challenging dual nationality Thursday according to which all the members of the Parliament holding dual nationality have been disqualified, Geo News reported.
The case was heard by a three-member bench headed by Chief Justice of Pakistan Iftikhar Muhammad Chaudhry and comprising other two members Justice Jawwad S Khawaja and Justice Khilji Arif Hussain
The court had reserved the judgment on September 18.
During Tuesday’s proceedings, the judges said that dual nationality holders could not be given the authority to make laws.
Justice Khilji Arif referring to British nationality said that the British Nationals think themselves as slaves of the Queen and added that the common man has the right to ask the member parliament about his dual nationality.
Chief Justice remarked that no compromise could be made on dual nationals in parliament making laws relating to country’s security.

 LATEST/BRIEF  NEWS:

PAKISTAN

o   US urged to understand Pakistan concerns
o   Murtaza Bhutto paid rich tribute
o   Ban Ki-moon blasts anti-Islam filmmaker
o   'Terrorists could target Friday rallies'-Rehman Malik
o   First hajj flight leaves from Lahore
o   Great classical Urdu poet Mir Taqi Mir’s anniversary today
o   PM invites political leaders on Yaum-e-Ishq-e-Rasool, urges tolerance
o   Khar, USAID chief discuss economic cooperation
o   FM Khar urges US to understand Pakistan''s concerns
o   Top US Senator seeks to cut all aid to Pakistan
o   Zardari meets Zulfiqar Mirza, Fehmida Mirza
o   Karachi unrest: 14 more dead in 24 hours
o    Peshawar blast FIR registered against unknown terrorists

WORLD

o   Elop running out of time to turn Nokia around
o   VW's Porsche to trim car output, spending in 2013
o   Heineken nears Tiger beer deal after truce with rival
o   Bank of Japan easing lifts global shares
o   Analysis: U.S. meltdowns - History lessons for the euro
o   BOJ eases policy as Japan's recovery prospects fade
o   Oil rises as Japan also opens monetary taps
o   Eni says U.S. drops corruption charges against former Nigerian unit
o   Eni says US drops corruption charges against former Nigerian unit
o   Stock index futures trade slightly higher
o   Protracted Myanmar investment law faces further delay
o   Anschutz puts sports and entertainment empire up for sale
o   South Africa's August inflation quickens to 5 pct y/y
o   German court dismisses lawsuits against Porsche
o   Burundi tea revenues fall 3.2 pct in Aug on low volumes
o   Russia says U.S. aid mission tried to influence elections
o   Back to school in Chicago as teachers' strike ends
o   China implicates Bo Xilai for first time in criminal case
o   Elop running out of time to turn Nokia around
o   BOJ eases policy as Japan's recovery prospects fade
o   French weekly fuels Mohammad row with nude cartoons
o   China's Xi meets Panetta, wants better military ties with U.S
o   China's Xi says Japan's purchase of disputed isles a farce
o   Lonmin deal stirs more South Africa mine strife
o   Romney struggles to steady campaign after secret videos
o   U.S. activist says he was deceived over anti-Muslim film
o   China says U.S. auto trade complaint driven by election race
o   Afghan militants say deadly blast was revenge for film
o   Analysis: NATO pullback heightens doubts about Afghan strategy
o   China's Alibaba buys back half of Yahoo's stake
o   Bank of America website slows; Prophet film threat made
o   Suu Kyi, in U.S. visit, says Myanmar reforms 'first hurdle'
o   Romney's Libya comments landed with a thud: Reuters/Ipsos poll
o   China says U.S. auto trade complaint driven by election race
o   Romney backer defends fundraising event
o   Anti-Japan protests reignite across China on occupation anniversary
o   Bank of America website slows; Prophet film threat made
o   NATO halts work with Afghan allies to stem insider attacks
o   Romney struggles to steady campaign after secret videos
o   Fed's focus on jobs will not waver, officials say
o   South Africa's Lonmin miners accept pay rise to end strike
o   Chicago teachers end strike, school to resume Wednesday
o   Syrian rebels battle Assad forces near Turkish border
o   Ex-police chief admits to defection in China political scandal
o   Government wins temporary freeze of military detention order
o   IAEA renews pressure on Iran after "terrorists" charge
o   Insight: Hungarians impatiently await promised "fairy tale"
o   Pakistan Supreme Court gains edge over government in graft case
o   Obama's lead over Romney narrows to 5 points: Reuters/Ipsos poll
o   Afghan militants say bomb revenge for film; 12 dead
o   Fanning furor, Justice Scalia says appeals court judge lied
o   Occupy Wall Street marks anniversary with smaller party
o   Peregrine CEO pleads guilty to fraud; to stay in jail
o   Lowe's withdraws C$1.8 billion proposal to buy Rona
o   Emanuel's court bid to end strike stalls, teachers call it "vindictive"
Business News:

EXCHANGE FOR CURRENCY NOTES:

U.S.A              95.55
S.Arabia         25.48
U.K                 155.24
Japan              1.2101
Euro               124.70
U.A.E             26.01


BULLION RATES IN RUPEES PER 10 GRAMS

KARACHI
Gold Tezabi (24-ct)     Rs 53,057
Silver Tezabi                Rs 977.14
 Thu, 20 Sep 2012

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CNG stations to remain closed on Ishq-e-Rasool (PBUH) Day
ISLAMABAD: Compressed Natural Gas (CNG) outlets across the country will remain shut in the protest against the bla

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Reviewers swoon over Apple''s "flat out lovely" iPhone 5
NEW YORK: Apple Inc s iPhone 5 has won rave reviews from tech bloggers and other reviewers who were given the fast

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Dollar soars on Bank of Japan''s easing
TOKYO: The dollar soared against the yen in Asia on Wednesday as the Bank of Japan announced additional monetary e

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Asian markets boosted by Japan bank move
HONG KONG: Asian markets rose Wednesday after Japan s central bank said it would boost a asset-buying scheme to ki

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Brent rises above $112 after Japan eases policy
SINGAPORE: Brent crude rose above $112 a barrel on Wednesday after Japan s central bank announced it would boost a

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Dollar takes breather ahead of BoJ policy decision
TOKYO: The dollar fell on profit-taking against the yen in Asia Tuesday after posting recent gains on expectations

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Asian markets mixed after Wall Street losses
HONG KONG: Asian markets were mixed on Tuesday following losses on Wall Street and as profit-takers moved in after

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Oil prices rebound in Asia on bargain-hunting
SINGAPORE: Crude prices rebounded in Asia Tuesday as traders moved in following a plunge in New York, analysts said

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CNG closed for three days in Multan
MULTAN: Around 200 CNG stations have been closed in Multan region for three days from early in the morning at 6.00

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Asian markets take breather after surge on Fed move
nces at the end of last week aft

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Oil up in Asia on Fed stimulus, Middle East unrest
SINGAPORE: Oil prices rose in Asia Monday as dealers welcomed the US Federal Reserve s plan to kick start the economy

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POL prices hiked by up to Rs6.82/litre
ISLAMABAD: In its weekly revision the Oil Gas Regulatory Authority (OGRA) has notified the change of petroleum p

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Petrol price goes up by Rs6.82/litre from tomorrow
ISLAMABAD: The ministry of finance has approved the proposal forwarded by Oil and Gas Regulatory Authority (OGRA)

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Petrol price likely to go up by Rs6.82/litre
KARACHI: The Oil and Gas Regulatory Authority (OGRA) has forwarded a proposal to the Ministry of Finance seeking a

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Petrol price may go up by Rs5.50/ltr
KARACHI: The price of petrol is likely to hike by Rs5.50 per litre, whereas diesel could go cheaper by Rs1.25/litre

MOHAMMED SALEEM MANSOORI

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