Monday, 24 September 2012

LATEST NEWS UPDATE: 25.09.2012







SC to get draft of Swiss letter today
ISLAMABAD: Law Minister Farooq H. Naek will appear before the Supreme Court on Tuesday and present the draft of a letter to be sent to the Swiss authorities relating to alleged graft cases against President Asif Ali Zardari.
Prime Minister Raja Pervez Ashraf had assured the Supreme Court on Sept 18 that his law minister would write the letter to implement its NRO judgment.
Talking to newsmen outside the parliament house, Information Minister Qamar Zaman Kaira said Mr Naek would submit the draft of the letter on Tuesday.
Responding to a question, he said if the court didn’t agree with the substance of the letter changes could be made as per its directions.
He refused to accept that the government had taken a U-turn on the issue and said that in accordance with the court ruling the government was trying its best to find a middle way.
When asked to share something from the contents of the letter, Mr Kaira said the government would present its argument and let the court accept the letter or ask for some changes.
The minister said: “We are hopeful that the issue will be resolved amicably.” He said the government’s letter would lead to withdrawal of the letter sent by former attorney general Malik Qayyum to the Swiss government.
When contacted, former Senate chairman and Supreme Court lawyer Wasim Sajjad, who was consulted by the law minister while drafting the letter, refused to say anything specific about the contents of the letter and said: “I have no right to speak on behalf of the government.”
According to one source, the government will simply disown Malik Qayyum’s letter and argue that he had sent it without authorisation by the then government.
Therefore, the source added, Mr Naek would argue that the government had nothing to do with Mr Qayyum’s correspondence with the Swiss government relating to the alleged money laundering cases against Mr Zardari.
Secondly, the source said, the government would elaborately refer to the constitutional provisions and international conventions which provided immunity against prosecution to a sitting head of state.
Talking to Dawn, a senior lawyer of the Supreme Court said the court in its order had already observed that Mr Qayyum’s letter should be withdrawn because it lacked validity.
“But it depends upon how the government plays with this very fact. Simple disassociation will not be enough, the court would insist on specifics such as the government withdraws Mr Qayyum’s letter and something about the status of cases in question. Let’s see what transpires in the court,” he said.
The lawyer said the government would deliberately leave the letter open-ended so that it could buy time in the process which would be its primary focus at the moment.
Naek presents Swiss letter draft in SC
ISLAMABAD: Federal Law Minister Farooq H. Naek presented an authority letter on behalf of Prime Minister Raja Pervez Ashraf and a draft of the Swiss letter in the Supreme Court of Pakistan as the hearing on the NRO verdict case resumed on Tuesday, DawnNews reported.
A five-member bench led by Justice Asif Saeed Khosa heard the case.
Naek approached approached the rostrum and presented an authority letter on behalf of Prime Minister Raja Pervez Ashraf and the draft of the letter, to be sent to Swiss authorities related to to alleged graft cases against President Asif Ali Zardari, in accordance to the courts earlier directives.
The letter was addressed to Geneva’s attorney general, said the Federal Law minister.
Justice Khosa while giving his remarks said that it would have been better if the draft included complete reference to the letter written by former attorney general Malik Qayyum for the quashment of graft cases.
The court took a recess of 15 minutes to review the prime minister’s  authority letter and the draft of the Swiss letter.
Earlier, Federal Minister for Religious Affairs Syed Khursheed Shah had arrived at the SC premises.
Attorney General of Pakistan Irfan Qadir  had also arrived at the court to attend the hearing.
MQM gives PPP three days to fulfill ‘valid’ demands
KARACHI: Muttahida Quami Movement (MQM) on Monday gave Pakistan People’s Party (PPP) a three-day ultimatum to fulfill their ‘valid’ demands, DawnNews reported.
In a statement issued by the Rabita Committee after its meeting held simultaneously in London and Karachi, the MQM warned the PPP government to meet it’s legitimate demands within three days or else the party’s lawmakers will sit on opposition benches.
The statement said that working in coalition with the PPP has become impossible as despite repeated assurances it has failed to meet their demands.
The PPP must not consider our tolerance and sincerity as our weakness, it added.

It said that the party will however continue fighting for survival of the democracy and will continue supporting all right steps taken by the incumbent government.

 LATEST/BRIEF  NEWS:

PAKISTAN

o   Khi: Four blood brothers among 9 killed
o   Four killed in Karachi since last night
o   Zardari, Hillary discuss Pak-US ties
o   Hillary for moving on with friend Zardari
o   British MPs seek travel ban on Bilour
o   3-day ultimatum to PPP: MQM
o    Many issues being delayed for over four years, says Haider Abbas Rizvi
o   US drone kills four in North Waziristan
o   Naek produces draft of Swiss letter to SC
o   Pakistan to play against Bangladesh in T20 WC match
o   Largest expansion of Masjid-e-Nabawi inaugurated
o   World must stand together against extremists: Clinton
o   Ch Ahmad Mukhtars brother joins PML-N

WORLD

o   Japan protests as Chinese ships enter disputed waters
o   China closes in on Bo Xilai after jailing ex-police chief
o   Insight: U.S. poised to hand over $197 million to another solar panel start-up
o   Euro zone to boost bailout fund firepower to 2 trillion euros: report
o   German business mood worsens despite ECB bond plan
o   Eyes wide shut, world watches Syria bleed
o   Clinton summit highlights good business practices
o   Obama thanks Egypt's president over embassy protection
o   Exclusive: North Korea plans agriculture reforms
o   From Nigeria to Athens, Muslim protests rumble on
o   Iran accuses IAEA of passing nuclear secrets to Israel
o   Euro zone to boost bailout fund firepower to 2 trillion euros: report
o   America's hidden unemployed: too discouraged to count
o   Analysis: Coal fight looms, Keystone-like, over U.S. Northwest
o   Suicide bomber kills two, wounds 46, at Nigerian church
o   Iran denies hacking into American banks
o   Dangerous and deepening divide between Islamic world, West
o   Siemens denies Iranian nuclear sabotage claims
o   Romney pulls in big bucks in southern California
o   Turnover at top of IRS as tough 2013 tax season nears
o   China delays diplomatic reception with Japan
o   Top China official visits Afghanistan, signs security deal
o   Iran lawmaker accuses IAEA of passing nuclear secrets to Israel
o   Obama seeks victory in Wisconsin under clouds of recall, Ryan
o   Free Syrian Army rebel leaders move from Turkey to Syria
o   Daughter of former Iranian president Rafsanjani taken to prison
o   U.S. stops 20 Iran officials attending U.N. assembly
o   Apple seeks U.S. Samsung sales ban, $707 million more in damages
o   Romney tax release shows 14.1 percent rate in 2011
o   Strauss-Kahn group rape inquiry to be shelved: report
o   Free Syrian Army rebel leaders move from Turkey to Syria
o   Crews extinguish fire at Venezuela's El Palito refinery
o   Analysis: IPhone 5 defines Apple success, Tim Cook-style
o   Iran's Revolutionary Guard says expects Israel to launch war
o   Libyan Islamist militia swept out of bases
o   Afghanistan bans Pakistani papers over "propaganda"
o   Libyan Islamist militia swept out of bases
o   Bahrain says it arrested 29 during protest on Friday
o   Standard Chartered inks $340 million deal with NY regulator
o   Apple iPhone 5 fever rages despite grumbling over maps
o   Gold dips from near 7-mth high; stimulus support stays
o   Brent crude oil falls $2 as growth worries deepen
o   Mauritius business confidence falls in Q3: survey
o   U.S. says complied with WTO ruling on Boeing subsidies
o   European lawmakers to question regulators over Libor
o   Tables turn on Spain with pressure to seek bailout
o   Euro zone uncertainty puts shares, euro on back foot
o   Foxconn China plant closed after clash involving 2,000
o   Stock index futures signal early losses
o   Base Resources raises budget for Kenyan titanium project
o   Petra Diamonds forecasts 30 pct growth in annual production
o   EADS says BAE talks productive, expects to meet deadline
o   Nigerian central bank bars loans to big debtors post-crisis
o   Kenyan shilling holds on to support at 85 vs dollar, seen firmer
o   Mauritius trade deficit widens 43.8 pct yr/yr in July
Business News:
EXCHANGE FOR CURRENCY NOTES:

U.S.A              95.55
S.Arabia         25.45
U.K                 154.70
Japan              1.2190
Euro               124.14
U.A.E             25.99


BULLION RATES IN RUPEES PER 10 GRAMS
KARACHI
Gold Tezabi (24-ct)      Rs 53,142
Silver Tezabi            Rs 981.42

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MOHAMMED SALEEM MANSOORI















































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