Wednesday, 24 October 2012

LATEST NEWS UPDATE: 24.10.2012




SC resumes Karachi law and order case
KARACHI: The Supreme Court on Wednesday resumed the hearing in the Karachi law and order case, DawnNews reported.
A five-member larger bench, headed by Justice Anwer Zaheer Jamali, was hearing the case.
Earlier on Tuesday, the bench had rejected  the Sindh Government’s progress report on implementation of the apex court’s order in the suo motu case on Karachi killings.
The bench had observed that the city’s security situation would have been much better and the court would not have had to rehear the case if its order had been implemented in letter and spirit.
The bench had also expressed its displeasure over the delayed submission of the report.
Last year, the Supreme Court had given its detao;ed order in the case after the chief justice had taken suo motu action on the security situation in the city.

LATEST/BRIEF  NEWS:

PAKISTAN










o  Pilgrims begin Hajj rituals
o  Nine more fall prey to target killing
o  Extortion slips on decline in Khi: CCPO
o   US endorses Durand Line as Pak-Afghan border
o  ECP decides against Maliks disqualification
o  American poll rivals one on drone hits in Pakistan
o  Govt rejects PML-N stance on FIA probe




WOLRD:
o   Obama on attack in foreign policy debate, but Romney steady
o   Before meningitis outbreak, firm avoided sanctions
o   Iran says may stop oil sales if sanctions tighten
o   Over 100,000 Syrian refugees in Lebanon now: UNHCR
o   Insight: Sewage, "sloppy fits" and a tomb - Goldman's India build
o   Bomb wounds Israeli officer on Gaza border
o   Papal butler's alleged accomplice goes on trial on November 5
o   BBC chief says sex abuse claims "very grave"
o   BBC chief says sex abuse claims "very grave"
o   UCI backs Armstrong ban
o   Apple set to unwrap mini-iPad to take on Amazon, Google
o   Yahoo's new CEO Mayer takes on the mobile challenge
o   Obama, Romney now tied in presidential race: Reuters/Ipsos poll
o   Obama says reports Iran, U.S. agreed to hold talks "not true"
o   Obama faces tough call on Iran oil sanctions
o   Syria rebels pessimistic on mediator's ceasefire plan
o   AIG in multistate settlement over life policies
o   Meningitis probe could hit hospital drug supplies: U.S.
o   Obama aggressive in foreign policy debate with Romney
o   Yahoo's new CEO Mayer takes on the mobile challenge
o   Russia condemns United States for human rights record
o   Gunmen, soldiers fight in Lebanon in spillover from Syria
o   Rosneft beefs up with TNK-BP purchase
o   Obama, Romney now tied in presidential race: Reuters/Ipsos poll
o   Russia's jailed punk rock band members sent to prison camps
o   Obama and Romney meet for final debate as race tightens
o   "Sickened" UCI strips Armstrong of Tour wins
o   Three militants planned major suicide attack in UK: court
o   South African prison van bombed, at least five dead
o   On Turkey's Syrian frontier, fears of a sectarian spillover
o   Caterpillar slashes forecast again, sees weaker economy
o   Jordanian soldier killed in clash with militants
o   Estranged wife of suspected Wisconsin spa gunman among dead
o   BBC editor steps aside over cover-up scandal
o   BBC crisis deepens as UK's Cameron demands answers
o   RBS should examine future of Citizens: UKFI
o   DuPont to cut 1,500 jobs as economic storm worsens
o   Stock futures drop on revenue concerns as earnings roll in
o   TNK-BP deal may limit Rosneft's ability to do deals-FAS
o   No anti-trust concerns over TNK-BP deal: Russia government
o   Bernanke probably won't stand for third term at Fed: NYT
o   S.Africa's rand falls more than 1.5 pct vs dollar
o   Total declared force majeure on gas to Nigeria LNG
o   As unconventional U.S. oil, gas boom, so do jobs: report
o   RadioShack posts wider-than-expected loss
o   Insight: Sewage, "sloppy fits" and a tomb - Goldman's India build
o   Spain says very close to meeting 2012 deficit target
o   Spain's Reyal Urbis in talks to refinance 4 billion euros of debt
o   BBC chief says sex abuse claims "very grave"
o   Steep asset discounts set for Spain's bad bank: source

Business News:
Pakistan
EXCHANGE FOR CURRENCY NOTES:

U.S.A              96.40
S.Arabia         25.71
U.K                 154.36
Japan              1.2072
Euro               125.84
U.A.E               26.25


BULLION RATES IN RUPEES PER 10 GRAMS
KARACHI
Gold Tezabi (24-ct)      Rs 52,414
Silver Tezabi                 Rs 917.14

Wed, 24 Oct 2012

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Oil prices rebound in Asia, US data in focus
SINGAPORE: Oil prices rebounded in Asia on Wednesday after slumping in New York, with traders hopeful that US data

-
Asian markets lower after Wall St tumbles
HONG KONG: Asian markets fell on Wednesday, following big losses on Wall Street after weak reports and forecasts f

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Earning hopes boost KSE; rupee still flat
KARACHI: Local stocks closed higher on Tuesday as expectations of announcements of healthy earnings gave the market

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ECC: summary for monthly POL review not presented
ISLAMABAD: The meeting of Economic Coordination Council (ECC) Tuesday failed to review a proposal seeking revision

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SBP to buy govt. paper in reverse repo
KARACHI: The Central Bank said it would buy government paper from commercial banks on Tuesday in as even-day revered

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Yen under pressure in Asian trade
TOKYO: The yen was under pressure in Asia on Tuesday as the euro and dollar touched multi-month highs against the

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Asian markets mostly up, earnings season in focus
HONG KONG: Asian markets were mostly higher Tuesday but gains were limited as traders took a breather from recent

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Oil up in Asia on bargain hunting
SINGAPORE: Crude rebounded in Asia on Tuesday as traders returned to the market after prices plunged on oil demand

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''CNG rate at 80pc of petrol intolerable''
ISLAMABAD: President All Pakistan Compressed Natural Gas (CNG) Association, Gayas Paracha warned that in case the

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Karachi stocks up; rupee, overnight rates flat
KARACHI: Stocks closed higher on Monday, driven by optimism over upcoming earnings announcements, traders said.br

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Middle East oil disruptions to hit Asia first: IEA
SINGAPORE: Asia will be the first to feel the impact of any Middle East oil supply disruption as regional demand s

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Profit-taking sends Asian markets lower
HONG KONG: Asian shares were hit by profit-taking on Monday after last week s healthy gains, while heavy losses on

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Euro mixed in Asian trade
TOKYO: The euro was mixed in Asian trade on Monday after Spanish Prime Minister Mariano Rajoy s right-leaning part

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World oil prices mixed in Asian trade
SINGAPORE: World oil prices were mixed in Asian trade Monday, with sentiment subdued as investors kept to the side

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POL, CNG price decrease approved
ISLAMABAD: The Ministry of Petroleum has approved a decrease in price of petroleum products, which would be effect









MOHAMMED SALEEM MANSOORI

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