Sunday, 10 February 2013

LATEST NEWS UPDATE:11.02.2013


ECP reconstitution: Hearing of Qadri’s
ISLAMABAD: The Supreme Court of Pakistan will take up Tahirul Qadri’s petition, filed for the reconstitution of the Election Commission of Pakistan (ECP), Monday (today), Geo News reported.
Three-member bench, headed by Chief Justice Iftikhar Muhammad Chaudhry and comprising Justice Gulzar Ahmed and Justice Sheikh Azmat Saeed will hear the case.
Dr Tahirul Qadri himself will represent his case before the apex court.
The Supreme Court has issued notices to Tahirul Qadri, Attorney General, Chief Election Commissioner and the Federation.
Qadri had filed a petition in the Supreme Court on February 7 according to which the appointments made to the Election Commission were not in accordance with articles 213 and 218 of the constitution.




LATEST NEWS UPDATE:
 Latest News in Brief:
o   No power will be allowed to delay polls: Zardari
o   Shahzeb case: Jatoi’s age report to be presented today
o   PPP to gain two-thirds majority in polls, claims PM
o   No match for Zardari in politics: Malik
o   My petition is not meant for delay in election: Qadri
o   Malik calls on President Zardari in Lahore


WOLRD(Brief News):
o   Obama to face tough crowd in State of the Union address
o   Northeast digs out from blizzard; new storm brews
o   Cantor says children of illegal immigrants should get U.S. citizenship
o   36 dead in stampede at Hindu festival in India
o   3 killed in Calif. helicopter crash while filming reality show
o   Hospital releases 3 New Orleans shooting victims
o   Gunbattle rocks Gao after rebels surprise French, Malians
o   Opposition "would talk to Assad in northern Syria"
o   Top U.S. general backed arming Syrian rebels "conceptually"
o   Carnival cruise ship adrift off Mexican coast after fire
o   NATO's Afghanistan force gets new U.S. commander
WOLRD BUSINESS(Brief News):
o   Analysis: France runs into German wall on EU growth drive
o   U.S. Air, AMR near $11 billion merger, deal seen within week : sources
o   Emirates sees new 777 model in six to nine months
o   Egypt consumer inflation climbs to 6.3 pct in year to January
o   Rwandan inflation rises to 5.67 pct in Jan: stats office
o   Insight: Apple and Samsung, frenemies for life
o   Boeing completes ''uneventful'' test flight of 787 Dreamliner
o   France's Renault recalling over 60,000 cars in China: Xinhua
o   Chrysler says Alfa Romeo will eventually outsell Fiat in U.S
o   Opposition slams Venezuela devaluation, shoppers fret
o   IAG boss: Boeing to fix Dreamliner but it may be months
o   Bank of Italy seeks more powers in wake of Monte Paschi troubles
o   Spain's "bad bank" rebuffs three investment funds
o   ECB's Visco says markets watching Italy closely
o   Italy's Berlusconi revives tax amnesty proposal
Business News:

SBP leaves key policy rate unchanged at 9.5

KARACHI: The State Bank of Pakistan (SBP) said on Friday it was leaving its key policy rate unchanged at 9.5 percent.
Last year, the government cut the interest rate by two percentage points in an effort to boost growth.
But economic pressures are building ahead of elections due in several months. The government is unwilling to cut subsidies but has made little progress in increasing revenue from taxes to fund spending.
"There is a shortfall in revenue collection and subsidies are also mounting pressure on our economy," said SBP Governor Yaseen Anwar. "Inflation is also increasing."
Pakistan
EXCHANGE FOR CURRENCY NOTES:

U.S.A              98.78
S.Arabia         26.34
U.K                 155.30
Japan              1.0567
Euro               132.49
U.A.E             26.89


BULLION RATES IN RUPEES PER 10 GRAMS
KARACHI
Gold Tezabi (24-ct) Rs 53,700
Silver Tezabi Rs 968.57

 Fri, 8 Feb 2013

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Oil rebounds in Asian trade
SINGAPORE: Oil rebounded in Asian trade Friday on geopolitical concerns after crude producer Iran rejected a US of

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Euro up in Asia after ECB meeting
TOKYO: The euro rose in Asian trade on Friday after European Central Bank (ECB) President Mario Draghi shrugged of

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Asian markets mostly up, Tokyo hit by strong yen
HONG KONG: Asian shares mostly rose Friday following a sell-off in the previous session, but Tokyo was hit by a st

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Pakistan stocks close lower, rupee weakens
KARACHI: Pakistan s stock market closed lower on Thursday with investors cashing in shares after the market hit an

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China begins to import cotton from India, not Pakistan
KARACHI: China has opted for importing cotton from India instead of Pakistan, as energy crisis in Pakistan has giv

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Asian markets mostly down ahead of China data
HONG KONG: Asian markets were mostly down on Thursday with traders in Japan booking profits following the Nikkei s

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Google boosts mobile ad campaigns
SAN FRANCISCO: Google began Wednesday letting businesses target mobile ads based on how close smartphone users mig

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Oil up in Asian trade ahead of ECB meeting
SINGAPORE: Oil was up in Asian trade Thursday as investors awaited the results of a European Central Bank (ECB) me

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Dr Asim announces 2-day/week gas supply for Punjab Textile sector
ISLAMABAD: Advisor for Petroleum, Dr Asim Hussain Wednesday announced two-day gas supply per week for the Textile

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Yen plunges after BoJ chief says he will quit early
TOKYO: The yen plunged to its lowest level in nearly three years against the dollar in Asian trade on Wednesday af

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Oil prices higher in Asia
SINGAPORE: Oil prices rose in Asian trade on Wednesday, supported by healthy economic indicators in the world s ma

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CNG pumps closed for 24 hours in Sindh
KARACHI: The CNG stations across Sindh have been closed for 24 hours from 8:00 AM Wednesday (today) till 8:00 AM o

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Sindh: SSGC issues weekly CNG shutdown schedule
KARACHI: Under gas load management plan, the CNG stations in Sindh will remain out of business on Wednesday and Fr

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Oil prices slip in Asian trade
SINGAPORE: Oil prices fell in Asian trade on Tuesday in line with a sell-off in regional equities, analysts said,

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Asian markets reverse rally on new European fears
HONG KONG: Asian markets tumbled on Tuesday, bringing a recent rally to a juddering halt, as Wall Street and Europe






MOHAMMED SALEEM MANSOORI

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