Tuesday, 12 February 2013

LATEST NEWS UPDATE:13.02.2013



34,000 U.S. troops to exit Afghanistan within a year

WASHINGTON: President Barack Obama's announcement to withdraw half the US force in Afghanistan shows his determination to end the war, but leaves open the question of long-term American support for Kabul.
In his State of the Union address on Tuesday, Obama unveiled plans to scale back American forces from 66,000 to 32,000 within 12 months, as part of a long-standing goal by Washington and its allies to pull out nearly all combat troops by the end of 2014.
"Tonight, I can announce that over the next year, another 34,000 American troops will come home from Afghanistan. This drawdown will continue. And by the end of next year, our war in Afghanistan will be over," Obama said.
Obama has yet to say how many troops he wants to keep in Afghanistan after the NATO withdrawal in 2014, but officials have indicated the White House wants a much smaller presence than initially favored by the Pentagon.
The US will help its allies confront an evolving Al-Qaeda threat and be more transparent with the American people in the fight against terror groups, President Barack Obama said.
Al-Qaeda was now a "shadow" of the group that was behind the September 11, 2001 attacks on the US, Obama said in his annual State of the Union address.
But he warned lawmakers gathered in the imposing US Congress: "Different Al-Qaeda affiliates and extremist groups have emerged -- from the Arabian Peninsula to Africa. The threat these groups pose is evolving."
To battle the threat, the US does not need "to send tens of thousands of our sons and daughters abroad, or occupy other nations," Obama said.
"Instead, we will need to help countries like Yemen, Libya and Somalia provide for their own security, and help allies who take the fight to terrorists, as we have in Mali."
The United States has been providing support to French troops, who deployed in northern Mali last month to help the Malian army flush out Al-Qaeda-linked rebels who seized control of the area last year.
But amid a fierce debate about more secretive US actions, Obama said Washington would not shy away from taking "direct action against those terrorists who pose the gravest threat to Americans."
The issue burst into the spotlight after Obama was forced last week to give lawmakers access to secret documents outlining the legal justification for drone strikes that kill US citizens abroad who conspire with Al-Qaeda.
The move came on the eve of the Senate hearing on Obama's nomination of his top White House anti-terror adviser John Brennan to lead the Central Intelligence Agency in his second term.
Some senators had warned they would use Brennan's confirmation as leverage to force the administration to share more information on the legal and constitutional grounds for the US government killing its own citizens.
Obama aides have insisted that killing Al-Qaeda suspects, including occasionally US citizens, in hotspots like Yemen complies with US law and the Constitution, even when no intelligence links the targets to specific attack plots.
Obama said the administration had worked to keep Congress "fully informed" of counterterrorism efforts. He acknowledged though that "in our democracy, no one should just take my word that we're doing things the right way."
"So, in the months ahead, I will continue to engage with Congress to ensure not only that our targeting, detention and prosecution of terrorists remains consistent with our laws and system of checks and balances, but that our efforts are even more transparent to the American people and to the world," Obama added.

LATEST NEWS UPDATE:
 Latest News in Brief:
o   PML-Q leaders call on President Zardari in Lahore
o   Chaudhry brothers talk seat adjustment with President
o   Swiss AG says cases dismissed: Farooq Naek
o   No official letter received from Swiss: Naek
o   Obama to announce major Afghanistan pullout
o   SC to hear Dr. Qadri petition on ECP dissolution today
o   Elections to be held on time: PM Ashraf
o   Pakistan close to an Olympic ban, says IOC
o   Nine more lose lives in Karachi violence
o   Prime minister wants to meet Altaf Hussain in London

WOLRD(Brief News):
o   China joins U.S., Japan, EU in condemning North Korea nuclear test
o   Legacy, political calendar frame Obama's State of the Union address
o   Pope's sudden resignation sends shockwaves through Church
o   G7 fires currency warning shot, Japan sanguine
o   Syrian rebels prepare for push on eastern oil city
o   Iran converting some higher-grade enriched uranium to fuel: official
o   Barclays to ax 3,700 jobs as new boss lays out revival
o   LA homicide detectives sift 700 clues in manhunt for ex-cop
o   Obama may issue order Wednesday on defense against cyber attacks: sources
o   Egypt protesters, police clash on Mubarak anniversary
o   Economy, deficit top voter issues ahead of Obama speech: poll
o   Senate vote on Hagel seen this week, approval expected
o   Syria rebels seize dam, blast on Turkish border
o   Nasdaq talked with Carlyle about going private: sources
o   Ireland moves to quell horsemeat fears, calls meeting
o   Los Angeles police get 600 clues in hunt for ex-cop wanted in killings
o   Rebels' raid poses Mali guerrilla war threat for French
o   Scotland "new state" outside EU, U.N. if splits: Britain
o   G7 expected to issue statement to cool currency rhetoric
o   Methane blast kills 18 at Russia coal mine
o   Two women, gunman killed in Delaware courthouse gun battle
o   Novo Nordisk hit hard as U.S. rebuffs insulin drug
o   Israel holds 10 women for wearing prayer shawls at holy site
o   Syrian army, rebels clash in Damascus
WOLRD BUSINESS(Brief News):
o   Italy regulator bans short-selling of Finmeccanica shares
o   UK inflation stuck at highest level since May
o   Drugmakers eye Africa's middle classes as next growth market
o   UK fines UBS $15 million for failings in AIG fund sale
o   Moody's says downside risks to global economy have abated
o   Barclays to ax 3,700 jobs as new boss lays out revival
o   Barclays to close four units, place others under review
o   Yen steady, euro dips after G7 urges against FX war
o   G7 reaffirms commitment to market exchange rates
o   G7 fires currency warning shot, Japan sanguine
o   Japan's Aso: G7 recognizes Japan steps not aimed at affecting FX
o   Nokia protests against Indian tax probe
o   India investigating kickbacks in Finmeccanica deal: defense ministry source
o   Barclays to axe 3,700 jobs as new boss lays out revival
o   G4S takes 70 million pound loss to settle 2012 Olympics dispute
Business News:
Pakistan
EXCHANGE FOR CURRENCY NOTES:

U.S.A              98.88
S.Arabia         26.37
U.K                 154.75
Japan              1.0488
Euro               132.44
U.A.E             26.92


BULLION RATES IN RUPEES PER 10 GRAMS
KARACHI
Gold Tezabi (24-ct)   Rs 53,228
Silver Tezabi             Rs 955.71

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MOHAMMED SALEEM MANSOORI

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