Wednesday, 5 December 2012

LATEST NEWS UPDATE: 06.12.2012



LATEST/BRIEF  NEWS:

PAKISTAN (Brief News):
o   CNG stations reopen in Sindh
o   3 including prayer leader gunned down
o   Karachi: Signboards banned for 3 months
o   Sindh Assembly to adopt anti-Kalabagh Dam resolution today
o   PM, Chandio discuss upcoming polls
o    Jamaat lauds SC verdict
o    Iran, Pakistan to sign final pipeline agreement
o   BB murder report on 27th
o   Asghar Khan case buried: Khursheed
o   Zardari will not lead election campaign
o   Time not right for Pak visit: Singh
o   Kalabagh Dam sans consensus against national interest
o   Court orders Karachi voter lists verification



WOLRD(Brief News):
o   Egypt's Mursi back at palace after night of protests
o   Obama to stress need to raise debt limit "without drama"
o   Iran says extracts data from U.S. spy drone
o   EU imposes record $1.92 billion cartel fine on Philips, five others
o   Typhoon kills at least 283 in Philippines
o   Osborne tries to sweeten pill for austerity in Britain
o   Tesco set to call time on costly U.S. adventure
o   "Board and search" sea rules likely had Beijing's sign-off: official
o   Euro zone retail sales fall sharply in October
o   NATO missiles to be sent to Turkey, Syria clashes rage
o   Deal reached to end L.A. port strike
o   Greece takes bottom EU spot in global corruption index
o   Obama firm on "fiscal cliff" amid Republican disarray
o   Euro zone downturn eases slightly in November: surveys
o   Panel seeks accountability after Benghazi attacks
o   Husband of sacked Hua Xia Bank employee says wife a scapegoat: report
o   NATO warns Syria not to use chemical weapons
o   Iran says it captures drone; U.S. denies losing one
o   U.S. says penalties under anti-fraud law hit record $5 billion
o   Boeing 787 in emergency landing as inspections ordered
o   Egypt's Mursi leaves palace as police battle protesters
o   Obama to fill key posts in weeks, Hagel on Pentagon short list
o   Two sides in L.A. port strike reach deal to end week-old strike
o   U.S. fails to win early limit on Net controls at global gathering
o   NATO agrees to send Patriot missiles to Turkey
o   Baxter to buy Sweden's Gambro for $4 billion
o   Home prices post biggest jump in over six years: CoreLogic
o   Obama firm on tax rates amid Republican infighting
o   Swiss spy agency warns U.S., Britain about huge data leak
o   Vietnam condemns China's sea claims as "serious violation"
o   Typhoon hits south Philippines, 40 dead or missing: media
o   State governors to meet with Obama, Boehner on "fiscal cliff"
o   Britain says EU not looking at Israel sanctions
WOLRD BUSINESS(Brief News):
o   Spain bond sale falls short of top-end target
o   Philips, LG Electronics, four others fined $1.92 billion for EU cartel
o   EADS shareholders reach outlines of deal: sources
o   Tanzania buys more than 315,000 T oil products from Augusta Energy
o   Eni finds more gas in Mozambique
o   ArcelorMittal unblocks job-saving investment at Liege
o   Tesco set to call time on costly U.S. adventure
o   Euro zone downturn eases slightly in November: surveys
o   Osborne tries to sweeten pill for austerity Britain
o   Euro zone retail sales fall sharply in October
o   Small UK firms want government to boost retail investment: survey
o   EU air passenger numbers down 1.3 percent in October: airports body
o   China Southern seals $1.9 billion deal to buy 10 Airbus planes
o   Stock futures signal gains at open
o   Fastjet says in partnership talks with Emirates Airline
Business News:
Pakistan
SBP, BoK ink accord
KARACHI, Dec 4: State Bank of Pakistan (SBP) Governor Yaseen Anwar and the Bank of Korea (BOK) Governor Choong Soo Kim signed a Memorandum of Understanding (MoU) on cooperation and technical assistance between the two central banks in Seoul, on Tuesday, said a press release issued by the State Bank.
The signing of the MoU coincides with the visit of the President of Pakistan, Asif Ali Zardari, to the Republic of Korea.
The MoU stipulates that the two central banks would share experiences and provide technical assistance in their conduct of central banking business, including monetary management, the payment and settlement systems and foreign exchange reserve
management.

The MoU lays down the foundations of close cooperation between the two central banks in all areas of mutual interest.
EXCHANGE FOR CURRENCY NOTES:

U.S.A              97.47
S.Arabia         25.99
U.K                 157.00
Japan              1.1849
Euro               127.75
U.A.E             26.54

BULLION RATES IN RUPEES PER 10 GRAMS
KARACHI
Gold Tezabi (24-ct)     Rs 53,485
Silver Tezabi                Rs 985.71



Thu, 6 Dec 2012

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Oil prices down in Asian trade
SINGAPORE: Oil prices fell in Asian trade Thursday on signs of weaker US energy demand and as positions hardened i

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Euro eases in Asian trading
TOKYO: The euro eased slightly in Asia on Thursday as a downgrade of Greek debt and poor eurozone data weighed on

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No CNG for vehicles over 1000cc: summary
ISLAMABAD: The Ministry of Petroleum has chalked out a proposal seeking a ban on use of Compressed Natural Gas (CN

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Stocks at KSE attain new peak
KARACHI: The prices of equities at Karachi Stock Exchange (KSE) hit a record high for the second straight session,

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Oil prices rise before weekly US inventories report
LONDON: World oil prices rose on Wednesday in cautious deals before the weekly US energy stockpiles report, but ga

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200 CNG stations involved in gas theft: Asim
ISLAMABAD: Advisor to Prime Minister on Petroleum Natural Resources Dr Asim Hussain has revealed that as many as 20

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IMF loan surges by 20pc, as rupee depreciates
KARACHI: International Monetary Fund (IMF) loan has increased by 20 percent due to the persistent fall in the value

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Euro buoyant in Asia on Greece bailout
TOKYO: The euro extended its recent gains in Asian trade Wednesday as markets cheered an EU extension on Greece s

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Asian markets higher, lifted by US hopes
HONG KONG: Asian markets rose Wednesday on hopes for progress in talks in Washington aimed at avoiding the fiscal

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Oil prices up in Asian trade
SINGAPORE: Oil prices were higher in Asian trade on Wednesday but sentiment was weighed by uncertainty over untangle

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President to ink IPI agreement soon: Iran
TEHRAN: Iran foreign ministry spokesman has said that Pakistan President Asif Zardari will soon be inking an agree

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Rupee gains vs US dollar; o/n rates flat
KARACHI: In the currency market, the rupee strengthened to 96.50/96.57 against the dollar, compared to Monday s cl

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Karachi stocks scale new peak on rate cut hopes
KARACHI: Stocks hit a record high for the fifth time in six sessions on Tuesday, supported by expectations that the

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Government plans to gradually phase out CNG: Dr. Asim
ISLAMABAD: The government has planned to gradually do away with the CNG industry and the commodity would be available

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Euro eases in Asia after rally
TOKYO: The euro eased in morning Asian trade on Tuesday after hitting a six-week high in New York as Greece launch
























MOHAMMED SALEEM MANSOORI

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