Thursday, 22 November 2012

LATEST NEWS UPDATE: 23.11.2012


Forex reserves fall 0.22 pc to $13.814bn
KARACHI: Pakistan's foreign exchange reserves dropped to $13.814 billion in the week ending Nov 16, from $13.845 billion the previous week, State Bank of Pakistan said.
RESERVES Week ending Previous Week Change/pct
($ billions) Nov 16
 Held by SBP 9.125 9.242 -1.27
Held by 4.689 4.602 1.89
Commercial banks
Total 13.814 13.845 -0.22
Remittances from Pakistanis abroad rose 15.04 percent to $4.964 billion in the first four months, July to October, of the 2012/13 fiscal year, from $4.315 billion in the same period last year.
In October, remittances totalled $1.365 billion.
The monthly average remittances for July-October 2012/13 period comes out to $1.241 billion. (REUTERS)

 LATEST/BRIEF  NEWS:


PAKISTAN (Brief News):







o   Will not let Islam be hijacked: Zardari
o   Karachi: Bomb found, defused in Orangi
o   Karachi: Two die in overnight firing
o   Muharram security: Public holiday in Sindh, Balochistan, Gilgit
o   Pakistan ID cards remove ghost voters, target poor for aid
o   Pillion riding banned in many cities of country till Muharram 10
o   Nawaz Sharif meets Turkish PM in Islamabad
o   ECC approves ban on old vehicles’ import, increase on wheat price by Rs. 150 per 40 kgs
o   Global Vision, Islamabad Declaration great achievements of D-8 Conference: Foreign Secretary
o   Two terrorists arrested from Lahore
o   SC gives a day to president for a second thought
o   Kayani rules out army operation in Karachi
o    Ahmadinejad roars Iran and Pakistan wont be scared off
o    Malik foresees terror strikes till Ashura
o   D-8 urges $500b boost in trade by 2018






WOLRD(Brief News):
o   Gaza ceasefire takes hold but mistrust runs deep
o   Holiday shopping marathon starts as consumer sentiment shaky
o   Global shares rally on brighter global economic outlook
o   Euro zone faces deepest downturn since early 2009
o   China angers neighbors with sea claims on new passports
o   China's manufacturing growth quickens; HSBC flash PMI at 13-month high
o   Samsung wins U.S. court order to access Apple-HTC deal details
o   Congo rebels reject call to leave Goma
o   GM to buy Ally's Europe, Latin America operations
o   Syrian jets blast rebels in Damascus suburb
o   Jesse Jackson Jr. resigns from House, citing health
o   Legal, financial fallout loom for SAC in insider trading case
o   Sudan makes arrests after foiled "sabotage attempt:" state-linked media
o   Syrian jets blast rebels in Damascus suburb
o   Twinkies maker Hostess wins court OK to close
o   Factories post rebound, consumer sentiment shaky
o   Analysis: Intel Inside - Looking inward for CEO may be best bet
o   United found not liable for alleged 9/11 security lapse
o   Factories post rebound, consumer sentiment shaky
o   FDA took 684 days to warn meningitis-linked firm: files
o   Ally to sell Europe, Latin America operations to GM
o   Analysis: Intel Inside - Looking inward for CEO may be best bet
o   Hamas-Israel ceasefire takes hold but mistrust runs deep
o   Greece's lenders fail again to clinch debt deal
o   Goma rebels say they will "liberate" all Congo
o   Facebook to share data with Instagram, loosen email rules
o   Turkey asks NATO for missile defense against Syria
o   World powers want new nuclear talks with Iran quickly
o   Bomb kills 3 soldiers, 2 civilians in Pakistan
o   Mali kidnapping won't pressurize France: Hollande
o   Syrian jets bomb Damascus suburb for second day
o   India executes last surviving Mumbai attacker, sparks celebrations
o   Al Jazeera studio in Cairo set ablaze after angry protest
o   In HP-Autonomy debacle, many advisers but little good advice
o   Jobless claims fall, still high due to Sandy
WOLRD BUSINESS(Brief News):
o   Banks in Hungary eye post-austerity growth plan
o   EU attempts tricky balancing act in toxic budget row
o   Cyprus says close to bailout deal with EU/IMF lenders
o   Spain starts 2013 funding with 3.9 billion-euro bond sale
o   Zambia's Zambeef sees FY revenue up 22 pct
o   Exclusive: India's fiscal deficit could reach 5.5-5.6 percent of GDP in 2012/13 - source
o   Global shares rally on brighter global economic outlook
o   Spain's Santander considers sale of U.S. car finance unit
o   SABMiller boosted by emerging markets, Foster's
o   Fitch cuts Sony, Panasonic debt ratings to "junk" status
o   Zimbabwe retail group OK H1 earnings up 21 pct
o   Malawi inflation quickens to 30.6 pct y/y in October
o   Citadel Capital in joint venture to import LNG to Egypt
o   Kirsten on the defensive as bowlers battered
o   GM rolls out China-developed electric car in world's top auto market
Business News:

Pakistan

EXCHANGE FOR CURRENCY NOTES:

U.S.A              96.91
S.Arabia         25.84
U.K                 154.69
Japan              1.1756
Euro               124.47
U.A.E               26.38

BULLION RATES IN RUPEES PER 10 GRAMS
KARACHI
Gold Tezabi (24-ct)          Rs 53,957
Silver Tezabi                     Rs 985.71
 Fri, 23 Nov 2012

-
Oil prices ease in Asia on Gaza truce, eurozone data
SINGAPORE: Oil prices fell in Asia Friday in thin trade following the US Thanksgiving holiday, with a truce in Gaza

-
Euro up against US dollar in Asia
SINGAPORE: The euro rose against the dollar in Asia Friday after France s assurance that a bailout deal for Greece

-
Asian shares set for weekly gain as outlook improves
SINGAPORE: Asian shares marked time on Friday but were on course for a weekly gain of nearly 2 percent, after manual

-
RIM shares rally as optimism about new devices grows
TORONTO: Shares of Research In Motion Ltd surged 17.3 percent in Toronto on Thursday on rising optimism around RIM

-
Euro zone faces deepest downturn since early 2009
LONDON: The euro zone economy is on course for its weakest quarter since the dark days of early 2009, according to

-
Pakistan forex reserves fall 0.22 pc to $13.814 billion
KARACHI: Pakistan s foreign exchange reserves dropped to $13.814 billion in the week ending Nov 16, from $13.845 b

-
New LPG policy to be unveiled next month: Dr Asim
LAHORE: Lahore High Court Chief Justice Umar Ata Bandial remarked that all the government s decisions should be in

-
Asian markets rise, China manufacturing picks up
HONG KONG: Asian markets mostly climbed Thursday as Chinese manufacturing data indicated the economy continues to

-
Euro gains in Asia on Greece hopes
TOKYO: The euro gained ground in Asia Thursday on optimism a long-sought bailout deal for Greece will be found, while

-
Facebook to share data with Instagram, loosen email rules
that of recently acquired photo-sharing service

-
OGRA increases petrol price by Rs1.57/litre
ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) has notified an increase in petrol and a decrease in diesel

-
Euro weakens as eurozone fails to agree Greek deal
HONG KONG: The euro fell in Asian trade on Wednesday and shares were mixed after eurozone finance chiefs said they

-
Crude up in Asia
SINGAPORE: Oil prices rose in Asian trade Wednesday on an unexpected fall in US crude stockpiles but eurozone mini

-
Sindh CNG stations shut for 48 hours
KARACHI: All CNG stations in the province of Sindh including this mega-metropolis city have been closed for 48 hours

-
HTC "happy" with Apple settlement, slams media estimates
TOKYO: Taiwan s HTC Corp is happy with its patent settlement with Apple Inc, but regards media reports on details











MOHAMMED SALEEM MANSOORI

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