LATEST NEWS UPDATE: 19.12.2012

LATEST/BRIEF  NEWS:

PAKISTAN (Brief News):

o   Ki-moon decries polio workers killings

o   Altaf tells workers to cancel protests

o   Nawaz Sharif calls on Arbab Raheem, JUP Chief Owais Noorani in Dubai

o   UN condemns deadly attacks on polio workers

o    President condemns attack on Polio workers

o    World financial institutes not funding Pak-Iran Gas Pipeline, says President Zardari

o   Karachi belongs to eveyone: President

o   Pakistan allows 500,000 T sugar exports

WOLRD(Brief News):

Newtown students to return to classes in wake of school massacre Syrian rebels take control of Damascus Palestinian camp Iran defiant on enrichment ahead of possible nuclear talks Hopes rise for "fiscal cliff" deal as Obama, Boehner meet International war crimes court acquits Congolese warlord On eve of South Korea vote, Park sounds father's battle cry Judge rejects Apple injunction bid vs. Samsung Israel sees new U.S. poise, including military, to curb Iran Pakistan gunmen shoot five health workers Analysis: U.S. policy gridlock holding back economy? Maybe not Even without Congress, Obama could act to restrict guns Insight: Afghans turn to AK-47, fearing Taliban return or civil war Egypt opposition to protest against "invalid" constitution Iran says it, world powers must end nuclear stalemate Apple's iPhone 5 starts strong in China but shares pressured Blast in Pakistani market kills at least 15 people Hopes rise for "fiscal cliff" deal as Obama, Boehner meet Japan's next PM piles pressure on BOJ, vows to resolve China row Funerals begin for Newtown victims as schools confront tragedy Boehner opens door to tax hikes, shifts fiscal cliff talks

WOLRD BUSINESS(Brief News):

o   U.S. budget deal hopes lift shares, commodities

o   American Railcar offers to buy Greenbrier for about $543 million

o   S.Africa's rand rallies on Zuma re-election

o   African Minerals scraps plan for new port, expects to save $1 bln

o   Lloyd's of London insurers eye $375 million Sandy hit

o   UK inflation unexpectedly stays at highest since May

o   BOJ to mull 2 percent inflation target as Abe turns up heat

o   External risks impede China recovery, more easing seen

o   Stock futures point to higher open

o   Ukraine-Russia gas price talks postponed

o   Spain banks bad loans hit new high in October

o   Kenyan shilling steady, sees support from tea inflows

o   Renault to sign Algeria factory deal on Wednesday

o   Cerberus to sell gunmaker Freedom Group after shootings

o   S.Africa's stocks extend gains to fresh lifetime highs

Business News:

Pakistan

EXCHANGE FOR CURRENCY NOTES:

U.S.A              98.98

S.Arabia         26.39

U.K1               60.49

Japan              1.1775

Euro               130.37

U.A.E             26.95

BULLION RATES IN RUPEES PER 10 GRAMS

KARACHI

	Gold Tezabi (24-ct)    Rs 54,085 Silver Tezabi              Rs 990
Wed, 19 Dec 2012
-		World shares at three-month high on US budget deal hopes NEW YORK: Global stocks advanced to their highest levels since September on Tuesday on signs of compromise in U.S.
-		Lumia sell-out no proof of Nokia turnaround HELSINKI: It s too soon to bet that Nokia s (NOK1V.HE) on the road to recovery after its new Lumia smartphones wer
-		Crude prices rise in Asia on US fiscal hopes SINGAPORE: Oil prices rose in Asia Tuesday, with hopes rising of a US deal to avert the fiscal cliff after a meeting
-		Yen weak in Asian trade ahead of BoJ meeting TOKYO: The yen weakened in Asian trade on Tuesday as markets look to a Bank of Japan (BoJ) meeting for signs of mo
-		Dollar reaches all time high of Rs99.25 b
-		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
-		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
-		FSD: Gas suspension enters 10th day FAISALABAD: The industrial sector of Faisalabad region has come to a halt as gas supply has been suspended for ind
-		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
-		Faisalabad: Gas suspension enters 8th day ended for industry
-		PTA, Transparency International sign MoU for 3G bidding ISLAMABAD: Pakistan Telecommunication Authority (PTA) and Transparency International Pakistan (TIP) have signed a
-		Karachi stocks rise in cautious trading KARACHI: Stocks rose on Friday, but the market remained dull as investors waited for a monetary policy announcement
-		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
-		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
-		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 suspend

MOHAMMED SALEEM MANSOORI