Sunday, 16 December 2012

LATEST NEWS UPDATE: 17.12.2012



Afghan govt, Taliban to meet this week
PARIS: France said on Sunday officials from the Afghan government, Taliban and other factions would meet this week near Paris to discuss the country's future as NATO troops prepare to pull out in 2014.
Speaking on RFI radio, Foreign Minister Laurent Fabius, whose country withdrew the last of its combat troops from Afghanistan on Saturday, said Afghan President Hamid Karzai had given his green light to the meeting.
"Discreet talks have been taking place between different factions for three years," Fabius said.
"If you want peace, it's usually between people who don't agree, and over there they don't talk to each other. So there will be discussions, but it won't be negotiations."
Karzai's government has failed to draw the Taliban into face-to-face-talks. The forthcoming event is the first time representatives from the Taliban, members of the Afghan High Peace Council and influential figures from the Northern Alliance who fought the Taliban for years are taking part.
A Taliban spokesman said there would only be speeches at the conference and there would be no political commitments and no negotiations would take place.
The officials are due to meet between Wednesday and Friday at a secret location to the north of Paris, which will be entirely closed off, said Camille Grand, director of the Foundation for Strategic Research, a think tank which is organising the event.
"They have been invited on an individual basis," he said." The idea is to get them to talk freely and behind closed doors," he told Reuters, adding that there would be 20 participants. He declined to name the individuals attending.
Fabius said France had no direct involvement in the process other than hosting it. Sources said French officials would be present.
Attacks by Taliban insurgents rose slightly during the main part of the Afghan fighting season this year as some US forces withdrew and the transition to a lead role for Afghan security forces picked up pace, according to a Pentagon report released on Dec. 10. (REUTERS)
 LATEST/BRIEF  NEWS:
PAKISTAN (Brief News):
o   PPP will again return to power: PM Raja
o   Altaf promises continued support to govt
o   4 killed in Quetta firing incidents
o   MQM to protest in front of SC Karachi Registry
o   Karachi: terrorist involved in target killings arrested
o   Avalanche kills six Indian troops on Siachen
o    Indian interference in Balochistan taken up: Malik
o   PPP set to table bill in NA today





WOLRD(Brief News):
  • Obama to join mourning Connecticut families in search for answers
  • Japan's LDP back in power with two-thirds majority with ally
  • China to keep steady policies, deepen reforms in 2013
  • Egyptians narrowly back constitution, say rival camps
  • Iran warns against Patriot deployment on Syria frontier
  • Militants battle Pakistani police after attacking airport
  • Boehner offers tax increase for entitlement cuts: source
  • Clinton sustains concussion; Benghazi testimony postponed
  • Gun control movement tries to shed election losing reputation
  • Obama to speak Sunday at Connecticut vigil for shooting victims
  • Obama expected to nominate Kerry to head State Department
  • Nine dead as Taliban attack airport in North West Pakistan
  • Violence flares in Cairo as Egyptians vote
  • Obama urges solidarity as America mourns shooting victims
  • Nigerian governor, ex-security head die in air crash
  • Obama to nominate Senator Kerry for secretary of state: media
  • Russia opposition leaders held as protesters defy police
  • Nigerian governor, ex-security head die in air crash
  • Clinton sustains concussion; Benghazi testimony postponed
  • United Continental pilots ratify new contract
  • Japan heads to polls, conservative LDP seen returning to power
  • Children in Connecticut rampage, all 6 and 7, shot repeatedly
  • Nelson Mandela had gallstones removed, recovering: South Africa
  • Patriot missiles in Turkey threaten "world war:" Iran army chief
WOLRD BUSINESS(Brief News):
o   Italy can confront market tension without ECB aid: central bank
o   Renault taps Logan creator for $5,500 India car
o   Tax evasion costs Greece 5 pct of GDP : EU tax chief
o   School murders silence "cliff" rhetoric as deadline nears
o   United Continental pilots ratify new contract
o   India's Prime Minister says to speed up sale of stakes in state firms
o   Greek economy may start to grow in 2014, minister says
o   UBS faces $1.6 billion fine over Libor rigging: paper
Business News:
FDI falls by 27pc in five months
KARACHI, Dec 14: The foreign investment fell further in the first five months of the current fiscal, State Bank reported on Friday.
Details show that foreign direct investment fell by 27 per cent to $305 million compared to $419 million during the same period of last year.
However, portfolio investment showed some positive development as it increased to $144 million compared to net outflow of $81 million in the same period of last year.
The combined impact of FDI and portfolio investment, showed a growth of foreign private investment by 33 per cent to $450 million.
Pakistan
EXCHANGE FOR CURRENCY NOTES:

U.S.A              98.27
S.Arabia         26.20
U.K                 158.38
Japan              1.1710
Euro               128.60
U.A.E             26.76



BULLION RATES IN RUPEES PER 10 GRAMS
KARACHI



Gold Tezabi (24-ct)      Rs 53,785
Silver Tezabi                 Rs 985.71




















 Mon, 17 Dec 2012

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Crude up in Asia on China demand hopes
SINGAPORE: Oil was up in Asia Monday on trader expectations of a hike in Chinese crude demand after a key survey s

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Asian markets mixed, Tokyo up on election result
HONG KONG: Asian markets began Monday mixed on concerns at the lack of progress in US talks aimed at averting the

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Microsoft, Motorola file to keep patent case details private
SEATTLE: Microsoft Corp and Google Inc s Motorola Mobility unit have requested a federal judge in Seattle to keep

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Faisalabad: Gas suspension enters 8th day
FAISALABAD: The industrial sector of Faisalabad region has come to a halt as gas supply has been suspended for industry

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PTA, Transparency International sign MoU for 3G bidding
ISLAMABAD: Pakistan Telecommunication Authority (PTA) and Transparency International Pakistan (TIP) have signed a

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Karachi stocks rise in cautious trading
KARACHI: Stocks rose on Friday, but the market remained dull as investors waited for a monetary policy announcement

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State Bank policy rate down at 9.50 percent
KARACHI: The State Bank of Pakistan (SBP)Friday reduced the interest rate by 50 basis points bringing it down to 9

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Sindh consumers set to face 24hr CNG closure
KARACHI: All the CNG outlets in Sindh region will shut down for 24 hours from Friday 12:00 AM till Saturday midnight

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CNG station owners submit audited accounts to OGRA
ISLAMABAD: All Pakistan CNG Association (APCNGA) on Friday said that over 1,000 owners of the CNG stations have su

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Crude up in Asia on positive China data
Chinese manufacturing hitt

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Faisalabad workers, industrialists resent gas holidays
FAISALABAD: The workers as well as the industrialists in the city here strongly resented forced holidays due to we

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Yen weak in Asian trade ahead of Japan elections
TOKYO: The yen was under pressure in Asia on Friday ahead of weekend elections expected to usher in a new government

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Import payments weigh down on rupee
The rupee

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Stocks thrive on dovish monetary policy hopes
KARACHI: Equities in the local capital market rose on Thursday, supported by expectations that the central bank with

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Dollar near nine-month high on yen in Asian trade
TOKYO: The dollar rose to its highest level in nearly nine months against the yen in Asia on Thursday as the safe-








MOHAMMED SALEEM MANSOORI

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