Sunday, 10 March 2013

LATEST NEWS UPDATE: 11.03.2013



Zardari and Ahmadinejad open pipeline work today
ISLAMABAD: President Asif Ali Zardari is visiting Iran on Monday to attend the groundbreaking ceremony of the long-awaited Pakistan-Iran gas pipeline.
The government believes the project will help Pakistan overcome the energy crisis and spur economic growth.
“President Zardari is going to Iran along with his team as per schedule to witness this ‘big event’,” the president’s spokesman Farhatullah Babar told Dawn on Sunday.
Brushing aside concerns and pressures of the United States, the spokesman said the whole world should realise that the project was being commissioned purely to meet economic needs of the country and was being executed by two sovereign states.
“The government is going to initiate this important project in view of the energy requirements. The project will bring economic prosperity, provide better opportunities to the people and help defeat militancy,” he said.
The ceremony will be held in the Iranian border city of Chabahar on Monday afternoon, according to details released by the ministry of petroleum and natural resources. Iranian President Mahmoud Ahmadinejad and Mr Zardari will jointly inaugurate the pipeline construction work.
President Zardari will be accompanied by a large delegation comprising ministers, members of parliament and political leaders.
Several heads of state have also been invited to the event.

According to the schedule, the Pakistani delegation will arrive at Chabahar Airport at 9am (Iranian time) from where it will be taken to the inauguration site which is at three-hour drive. The ceremony will take place at 12.30pm.

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Pakistan
EXCHANGE FOR CURRENCY NOTES:

U.S.A              98.98
S.Arabia         26.39
U.K                 148.54
Japan              1.0381
Euro               129.63
U.A.E             26.95

BULLION RATES IN RUPEES PER 10 GRAMS
KARACHI
Gold Tezabi (24-ct)     Rs51,385
Silver Tezabi                Rs917.14







 Mon, 11 Mar 2013

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Oil down in Asia on Chinese data, stronger dollar
SINGAPORE: Oil prices were down in Asia on Monday as Chinese industrial production showed signs of a slowdown, wit

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Asian markets mixed, China data offsets US jobs news
HONG KONG: Asian markets were mixed Monday after another record-breaking performance on Wall Street while Shanghai

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Groundbreaking of Pak-Iran gas pipeline today
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China to fund Gwadar-Rato Dero highway: sources
ISLAMABAD: With fully prepared to take charge of strategic deep water Gwadar port formally this month or next, Peo

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Pak-Iran gas deal: ADB sees no reason for sanctions
ISLAMABD: The Asian Development Bank has said there is no reason to impose sanctions on Pakistan over 75.2 billion

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Asian markets mostly rise, while yen sinks further
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KARACHI: The oil giant, Oil Gas Development Company Limited (OGDC) and Muslim Commercial Bank (MCB) Thursday bro

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CNG stations to remain closed for 24 hours from Friday
KARACHI: Sui Southern Gas Company (SSGC) has announced the schedule for closure of CNG stations for the current we

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MOHAMMED SALEEM MANSOORI

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