Monday, 12 November 2012

LATEST NEWS UPDATE: 13.11.2012



Petraeus was 'right' to resign: Panetta
ON BOARD A US MILITARY AIRCRAFT: David Petraeus was right to resign as director of the CIA over an affair because the position requires "personal integrity," Pentagon chief Leon Panetta said Monday.
Panetta, who led the Central Intelligence Agency for two years before moving to the Defense Department, said Petraeus's resignation was "a very sad situation to have a very distinguished career like that end in this manner."
"My heart obviously goes out to him and his family. But I think he took the right step," said Panetta, speaking to reporters aboard a US military jet bound for Australia.
"I think it's important when you're director of the CIA, with all of the challenges that face you in that position, that personal integrity comes first and foremost."

Asked if Petraeus had begun his affair while he was still the US general commanding international troops in Afghanistan, Panetta said he did not know.
Accounts from other officials and media reports say the retired four-star general began his relationship with his biographer, Paula Broadwell, after he left his post in Kabul.
Asked about complaints from lawmakers that President Barack Obama's White House had failed to inform Congress the FBI was investigating emails between Petraeus and his lover, Panetta admitted those concerns needed to be examined.
"That's another issue I think we ought to look at," said Panetta, who served as a member of the House of Representatives for years.
"As a former director of the CIA, and having worked very closely with the intelligence committees, I believe that there is a responsibility to make sure the intelligence committees are informed of issues that could affect the security of those intelligence operations."
It was vital that the spy agency not be derailed by the scandal, he added.
"Having served there, in the first two years of this administration, I think it's really important to continue to have the CIA to stay on track, doing a job that's absolutely essential for our national security," he said.
"They have a very important mission focused on intelligence and intelligence operations and I think it's very important to get someone strong, capable and dedicated to be able to continue that effort."

LATEST/BRIEF  NEWS:

PAKISTAN

Brief News:









o    Pakistan elected member of UNHRC
o   Six men eliminated in Wali's case so far
o   Pak Army to be on alert in Sindh on Moharram 9 & 10
o   Former President Iskander Mirza being remembered today
o   16 hurt in Hub hand grenade attack
o   President Zardari signs Drug Regulatory Bill
o    Ten more shot dead in different parts of Karachi
o   Karachi: Two policemen injured in hand grenade attack on picket near Al-Asif Square
o   Senators demand army in Karachi, Quetta
o   India backs a stable Pakistan: Manmohan
o    ECP extends date to file affidavits
o   PPP govt to leave a disastrous legacy: Nawaz
WOLRD:
o   Republicans say deal can be done on U.S. "fiscal cliff"
o   Threat-focused Iran launches 'biggest ever' air drills
o   Buried in a bleak text, hope for a Chinese political experiment
o   BBC head of news "steps aside" over abuse scandal
o   More than one U.S. soldier shot Afghans, says local investigator
o   Analysis: European austerity protests far from revolution
o   Syria's opposition groups strike unity deal against Assad
o   Yemen's main oil export pipeline shut after bombings
o   Myanmar quake death toll at 11, aftershocks rumble
o   Identity of second woman emerges in Petraeus' downfall
o   Analysis: Groupon fights for its life as daily deals fade
o   Obama to meet labor, business leaders for fiscal talks
o   Japan economy shrinks, recesssion looms
o   Tampa woman identified as source of FBI's Petraeus probe
o   BBC head says broadcaster must reform or die
o   Analysis: Hyundai's focus on quality risks emerging market share
o   How debts and double-dealing sparked Japan-China islets row
o   Obama hails veterans, pledges continued support
o   Israel says may escalate as Hamas joins Gaza clashes
o   Two killed in Indianapolis explosion and fire
o   Polish police clash with protesters on national holiday
o   Analysis: Hyundai's focus on quality risks emerging market share
o   Petraeus may be called in U.S. inquiry on Benghazi: Feinstein
o   BBC must reform or die, says Trust chairman
o   Syria bombards rebel area near Turkish border
o   Israel fires guided missile to warn Syria over shelling
o   Greece votes on budget to unlock aid
o   Strong quake in central Myanmar kills at least six
o   Syrian opposition strikes unity deal
o   Northeast cleans up from storm Sandy, death toll rises
o   Libya's Afriqiyah Airways buys 4 more Airbus A350s
o   NSGB shares suspended after acquisition report
o   Telecom Egypt eyes deal with government on mobile service
o   Ensign profit falls on reduced demand
o   Global shares dip on U.S. fiscal cliff, Greece woes
o   Genel expands in Somalia
o   Mauritius Sun Resorts 9-month loss widens
o   Kenya sees 2013 growth rising on strong farms output
o   Amplats threatens South Africa strikers with sacking
o   Starbucks, Amazon and Google to face UK lawmakers over tax
o   SAS to cut jobs and sell assets in survival plan
o   Stock index futures signal mixed open
o   Ex-BBC boss set to take reins at New York Times
o   Telecom Egypt says Q3 net up 3 pct, beats consensus
o   Exxon's PNG LNG project costs balloon to $19 billion
Business News:
Pakistan
EXCHANGE FOR CURRENCY NOTES:

U.S.A              96.86
S.Arabia         25.83
U.K                 154.05
Japan              1.2190
Euro               123.27
U.A.E              26.37

BULLION RATES IN RUPEES PER 10 GRAMS
KARACHI
Gold Tezabi (24-ct)     Rs 53,571
Silver Tezabi                Rs 938.57












 Tue, 13 Nov 2012

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Crude down in Asia on US fiscal cliff fears
SINGAPORE: Crude prices fell in Asia Tuesday as traders fretted over the looming US "fiscal cliff", analysts said.

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Euro weaker in Asian trade on Greece concerns
TOKYO: The euro weakened in Asian trade on Tuesday after eurozone finance ministers delayed until next week a final

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Asian markets fall on US, Europe woes
HONG KONG: Asian markets fell Tuesday on uncertainty over the global outlook owing to the looming US fiscal cliff

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Overseas workers remittances hit $1.365bn in Oct
KARACHI: Overseas Pakistani workers remitted a historic amount of $1,365.10 million in October, 2012 as against $1

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Rupee strengthens against US dollar
KARACHI: In the currency market, the rupee strengthened to 95.81/95.86 to the dollar on light activity, compared t

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KSE eases towards 16,200 points
KARACHI: Pakistani stocks eased towards 16,200 points on Monday, as weakness in Engro Corp and oil shares offset a

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CNG stations to remain shut for 48 hours in Sindh
Ac

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ECC likely to allow monthly POL prices revision
ISLAMABAD: Economic Co-ordination Committee (ECC) in its next meeting is likely to give permission for the revision

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Asian markets mixed after China, Japan data
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Euro up in Asia ahead of finance ministers'' meeting
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Crude down in Asia after Greece budget vote
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Apple and HTC settle global patent battle
NEW YORK: Apple Inc and HTC Corp announced on Saturday a global patent settlement and 10-year licensing agreement

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Gas supply to Faisalabad industries suspended for 2 days
FAISALABAD: The production process in Faisalabad industries has been marred by the two days gas closure while the

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Assad says only ''ballot box'' can decide his future
MOSCOW: Syrian President Bashar al-Assad said his future could only be decided through the ballot box, in an inter

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Asian markets extend losses on US fears
HONG KONG: Asian markets fell on Friday, extending their losses from the previous day as fears the United States i


MOHAMMED SALEEM MANSOORI

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