Thursday, 11 October 2012

LATEST NEWS UPDATE: 12.10.2012



National Assembly set to lag on accountability law
ISLAMABAD: With only a day left of its current session, the National Assembly appeared on Thursday to be facing a lag on a new accountability law for holders of public office despite earlier government plans for a quick work.
As it became clear the National Accountability Commission Bill introduced three days ago would not come before the present session ending on Friday because the house standing committee on law and justice failed to complete the scrutiny of the 48-clause draft before adjourning until Oct 18, opposition leader Chaudhry Nisar Ali Khan threatened from outside the chamber that the PML-N would “strongly react” to any bulldozing.
On a request from Law and Justice Minister Farooq H. Naek while introducing the bill on Monday, Deputy Speaker Faisal Karim Kundi had directed the standing committee, dominated by the ruling Pakistan People’s Party and its allies, to submit its report “as soon as possible”, giving rise to speculations that the bill could be rushed through the house as early as Thursday or before its scheduled prorogation.
But such a quick march after a three-year hold-up of a discarded previous accountability bill was ruled out by the standing committee’s adjournment when it appeared bogged down on some controversial clauses and another session of the lower house seemed unlikely this month because many parliamentarians would be away in Saudi Arabia for Haj due in the last week of the month.
As the bill was missing from its Thursday’s agenda, the house was left with some low-key business, including the passage of an official bill empowering the federal capital to make new entries of punishable traffic violations into the existing law.
Before adjourning until 10am on Friday, the house also passed two resolutions calling for an effective monitoring of the polio vaccination campaign and voicing a “serious concern” over what it called “growing trends of obscenity and indecency” in the electronic media and “unchecked flow of blasphemous and vulgar material” through the Internet.
While the previous Public Office (Accountability) Bill introduced in 2009, which too provided for an independent accountability commission to replace the present National Accountability Bureau functioning under a Musharraf-era decree, was discarded after hanging fire for three years because of the standing committee’s failure to reach a government-sought consensus, the new draft is touted by the government as one designed to remove controversies on issues like qualifications for the commission chairman and the start of the time for its applicability.
The new bill provides for consultation between the prime minister and the leader of opposition in the National Assembly and a complicated procedure for the standing committee’s approval of the appointment of the chairman, who must be either a former Supreme Court judge or a former Grade 22 federal government official, and for the enforcement of the law from Oct 1, 2002.
But Chaudhry Nisar, in a statement issued by his office, urged the media and members of the civil society to raise their voice against what he called “travesty of justice and daylight robbery” that he said was taking place through the new draft.
“The PML-N will strongly react to the bulldozing of the bill as is currently being done in the standing committee on law and justice,” he said, adding that such an enactment “will give a free hand to the looters and plunderers of the national wealth”.
“Never in the history of any civilised and democratic parliament of the world has a similar law been introduced, the basic purpose of which is to give a free hand to those who squandered and plundered public money,” he said without specifying the objectionable clauses.
SNAKE-CHARMERS FOR VACCINE: In some lighter moments of the day, Bushra Rahman, a poetess and member of the government-allied Pakistan Muslim League-Q, suggested employing snake-charmers to cure snake-bites if government hospitals in Islamabad lacked anti-venom vaccine.
Minister for Capital Administration and Development Nazar Mohammad Gondal, responding to a call-attention notice, denied any vaccine shortage, Ms Rehman, one of the five movers of the notice, said although she would not doubt the minister’s statement, the authorities should consider employing some “saperas” to treat snake-bites if there was really a shortage of vaccine.
Mr Gondal insisted that a newspaper report about vaccine shortages was wrong, but told the PML-N member: “Send them if some saperas are out of job.”

LATEST/BRIEF  NEWS:

PAKISTAN

o   Shun ulemas not slam Malala attack:Altaf
o   US reiterates all out help for Malala
o   Drone attacks: Pakistan protests with US
o   High-level meeting chaired by President
o   CNG stations to remain closed for two days in Sindh
o   Malala is recovering but slowly: Doctors
o   US in touch with Pakistan over Malala incident: State Dept
o    Attack a bid to discourage girls education: Iftikhar
o    ICC to help restore international cricket in Pakistan: PCB
o   Four gunned down overnight in Karachi
o   UN envoy Gordon Brown to visit Pakistan after Malala attack
o   Pakistan open to world mediation


WORLD

o   Biden seeks to reclaim campaign momentum in debate with Ryan
o   Gunmen kill U.S. embassy employee in Yemen
o   Russia says Turkey endangered lives by grounding plane
o   China's Mo Yan wins Nobel prize for literature
o   Muted 2013 looms for Asian economies
o   Exclusive: Bentley, Lamborghini may delay SUVs
o   Spanish government says had not expected S&P downgrade
o   IMF urges Europe to put brake on deep budget cuts
o   Fed's Yellen says Europe, housing strains stifling U.S. recovery
o   Analysis: Justice Kennedy the key to campus affirmative action
o   BofA mortgage workforce swells even as it tightens belt
o   Romney takes slight lead over Obama in presidential race: Reuters/Ipsos poll
o   S&P cuts Spain credit rating to near junk
o   Analysis: BAE-EADS merger collapse shifts focus to smaller deals
o   JPMorgan's Dimon hits back at government over Bear Stearns suit
o   Turkey briefly detains Syrian plane as tension heightens
o   Supreme Court justices challenge affirmative action at universities
o   Pakistani doctors remove bullet from girl shot by Taliban
o   California gasoline prices ebb at last after record run
o   U.S. sets steep final duties on Chinese solar panels
o   Romney takes slight lead over Obama in presidential race: Reuters/Ipsos poll
o   Pakistani doctors remove bullet from girl shot by Taliban
o   California man linked to anti-Islam film denies violating probation
o   Analysis: After BAE-EADS - small deals, not mega-mergers
o   S&P cuts Spain credit rating to BBB-minus, near junk
o   Back to drawing board after Berlin halts BAE, EADS deal
o   Analysis: After California pump price spike, NY heating oil could be next
o   Cell receptor research wins Americans chemistry Nobel
o   US Airways flight attendants to take strike vote
o   Obama nominates top Marine as Afghan commander
o   Exclusive: EBay tests deals on services, takes on Groupon
o   Wholesale inventories up; sales post gain
o   Japan's Softbank in talks for $12.8 billion Sprint stake: source
o   Italy says Finmeccanica can seize on EADS-BAE collapse
o   Muted 2013 looms for Asian economies
o   Gunmen kill U.S. embassy employee in Yemen
o   S.Africa manufacturing output up 3 pct y/y in August
o   Oil pushes over $115 on Syria tension
o   Olympic visitors give UK economy mild lift in August
o   Carrefour shares rise after positive signs in home market
o   Exclusive: Bentley, Lamborghini may delay SUVs - sources
o   Rating cut piles pressure on Spain to seek aid
o   Greece's biggest company, bottler CCH, quits for Switzerland
o   European banks drag heels on loan sales: survey
o   Nigeria to issue 75 bln naira in 5-, 7-, 10-year bonds
o   Greek central government deficit narrows in January-September, revenues stagnate
o   IMF urges Europe to put brake on deep budget cuts


Business News:
EXCHANGE FOR CURRENCY NOTES:

U.S.A              96.35
S.Arabia         25.69
U.K                 154.40
Japan              1.2348
Euro               123.97
U.A.E              26.23

BULLION RATES IN RUPEES PER 10 GRAMS
KARACHI
Gold Tezabi (24-ct)     Rs 54,000
Silver Tezabi               Rs 994.28


 Fri, 12 Oct 2012

-
Google in industry''s "defining fight" with Apple, Schmidt says
SAN FRANCISCO: Google Inc Executive Chairman Eric Schmidt expects more than a billion mobile devices around the world

-
US court clears Samsung phone, setback for Apple
WASHINGTON: A U.S. appeals court overturned a preliminary injunction on the sale of Samsung Electronics Co Ltd s G

-
CNG stations to remain closed for two days in Sindh
KARACHI: CNG pumps would remain closed for two days across Sindh from 9:00 AM tomorrow (Friday) to 9:00 AM Sunday,

-
CNG closed for 3 days in Faisalabad region
FAISALABAD: The eight districts of Faisalabad region will be without CNG from Thursday for three consecutive days

-
P cuts Spain rating
TOKYO: The euro weakened in Asia on Thursday after Standard Poor s cut Spain s sovereign debt rating, while trade

-
Crude up in Asia on Middle East tensions
SINGAPORE: Crude prices rose in Asia Thursday with Middle East supply risks coming to the fore after Turkey warned

-
IMF calls for action as eurozone crisis festers
TOKYO: The IMF prodded the world s rich countries for swifter action on Thursday as Europe s debt crisis drags on

-
Amazon''s Kindle Fire 4G tablets get watchdog''s okay
SAN FRANCISCO: Amazon.com Inc received approval from the U.S. Federal Communications Commission to sell its high-e

-
EADS, BAE call off world''s biggest arms merger
PARIS/BERLIN/LONDON: EADS and BAE Systems called off the world s largest defense and aviation merger on Wednesday,

-
KSE 100-share index gains 65 points
nded 0.42 percent, or 65.58 points, higher at

-
Global financial confidence "very fragile", euro crisis key threat: IMF
TOKYO: The International Monetary Fund urged European policymakers to deepen the financial and fiscal ties within

-
Saudi oil minister pledges to satisfy market needs
RIYADH: Saudi Oil Minister Ali al-Naimi said on Tuesday that the oil-rich Gulf kingdom will work to satisfy global

-
US stocks sink on sour IMF growth outlook
NEW YORK: US stocks skidded Tuesday after the IMF cut its global economic growth forecasts and investors braced fo

-
Asian markets mostly rise, stimulus hopes lift
HONG KONG: Most Asian markets rose on Tuesday as bargain hunters moved in following the previous day s losses, wit

-
World oil prices recover in Asia
SINGAPORE: World oil prices recovered in Asian trade Tuesday as investors bought on the dip amid Syria-Turkey tens




MOHAMMED SALEEM MANSOORI

No comments:

Post a Comment