Tuesday, 19 March 2013

LATEST NEWS UPDATE: 20.03.2013



Latest News in Brief(Pakistan):
o   Several held in Rangers targeted operation in Karachi
o   Nawaz Sharif returns to Pakistan
o   Sindh assembly, cabinet dissolved
o   Zahid Alvi to take oath as Sindh interim CM within a day or two
o   NAB decides to setup monitoring cells in four provinces
o   Eight-member body tasked to appoint caretaker PM
o    Caretaker PM: Parliamentary body meets today
o   Punjab Assembly likely to be dissolved in 48 hours
o   Institutional interest helps KSE index gain 201 points
o    Pakistan rejects Indian allegations on Srinagar attack
o   Pak-Iran border sealed for three days
o   144 parties get election symbols

WOLRD(Brief News):
o   Obama's Israel itinerary skirts settlements but not symbolism
o   Syrian rebels say not behind chemical weapon attack, blame government
o   Syria accuses rebels of using chemical weapons
o   Government to offer childcare tax break to parents
o   Defense chief orders strategy review in response to budget cuts
o   Syria says rebels use chemical weapon in "dangerous escalation"
o   Pope calls for defence of weakest in inaugural Mass
o   Outgoing Bank of Japan head warns no quick fix to Japan's deflation
o   Egypt to ration subsidised bread: minister
o   Cyprus aims to let small savers out of deposit tax; veto still likely
o   Bombs kill 50 on Iraq invasion anniversary
o   Pope calls for defense of weakest in inaugural Mass
o   Trade, economy top agenda as China's Xi meets U.S.'s Lew
o   IMF backs Cyprus bid to help small depositors: Lagarde
o   Iraq postpones local elections in two provinces
o   Debt expert advises stretching Cypriot bonds, CDs for depositors
o   Schaeuble says Cyprus, depositors must take responsibility
o   Ohio teen faces life sentence for killing three at high school
o   Cypriot bank levy would lead to deposit outflows: central bank chief
o   Cypriot draft bill drops levy on deposits below 20,000 euros
o   China fires warning shot at North Korea banks: report
o   Defend environment, society's weakest members, pope tells Mass
o   Euro zone can't lend Cyprus more than agreed: French finance minister
o   Government partners with industry to fund $3 billion aerospace centre
o   Russia regrets U.S. not pressing charges over boy's death
o   Kenyan shilling steady, eyes tea export inflows
o   India government ally withdraws from coalition, reforms at risk
o   Indian government stable despite key ally pulling out: finance minister
o   European car sales fall 10.2 percent in February
o   Pakistan arrests suspect in murder of U.S. journalist Pearl
o   Brazil's World Cup may go well for the wrong reasons
o   Guatemalan trial of ex-dictator Rios Montt to begin
o   U.S. contractor charged with passing nuclear secrets to Chinese woman
o   Syrian opposition elects Hitto as provisional premier
o   Libya's oil, government job dependence problem persists: IMF
o   US lawmakers push to restructure Egypt aid
o   For Arizona day laborers, immigration reform can't come soon enough
o   NEWSMAKER: Embassy surrender is end of line for Congo's "Terminator"
o   Nigeria Islamists holding hostages threaten Cameroon
o   Congo ICC war suspect surrenders at US Embassy in Rwanda
WOLRD BUSINESS(Brief News):
o   Boeing signs $15.6 billion landmark order with Ryanair
o   UBS becomes latest bank to quit Euribor rates panel
o   IMF backs Cyprus bid to help small depositor: Lagarde
o   Outgoing Bank of Japan head warns no quick fix to Japan's deflation
o   Cyprus aims to let small savers out of deposit tax; veto still likely
o   Striking S.Africa workers reject Exxaro pay offer
o   Samsung working on wristwatch to rival Apple's
o   Convenience stores, online help Sainsbury top forecasts
o   IMF backs Cyprus bid to help small depositors: Lagarde
o   Inflation hits nine-month high, further rises likely
o   Stock futures signal slight losses
o   Debt expert advises stretching Cypriot bonds, CDs for depositors
o   Burundi inflation quickens to near double digits in February
o   S.Africa's formal sector employment edges up 0.3 pct in Q4 2012
Business News:
Pakistan
EXCHANGE FOR CURRENCY NOTES:

U.S.A              98.98
S.Arabia         26.39
U.K                 149.57
Japan              1.0454
Euro               127.77
U.A.E             26.95

BULLION RATES IN RUPEES PER 10 GRAMS
KARACHI
Gold Tezabi (24-ct)   Rs51,685
Silver Tezabi              Rs900




Wed, 20 Mar 2013

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Oil recovers as ECB backs Cyprus banks
SINGAPORE: Oil prices bounced in Asia Wednesday after eurozone finance ministers and the European Central Bank (EC

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Asian markets mixed after Cyprus vote
HONG KONG: Asian markets were mixed on Wednesday after Cypriot lawmakers comprehensively rejected a plan to tax sa

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Karachi Stock Exchange jumps amid high volume trade
KARACHI: A rallying banking sector landed Karachi Stock Exchange (KSE) in the green zone amid high volume trade he

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FBR freezes accounts of PIA
ISLAMABAD: Federal Board of Revenue (FBR) has seized the accounts of Pakistan International Airlines (PIA) over no

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Oil mixed in Asia as market follows Cyprus news
SINGAPORE: Oil prices were mixed in Asian trade on Tuesday, with investors closely following developments in the e

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Tokyo stocks open 1.51pc higher
TOKYO: Tokyo stocks opened 1.51 percent higher on Tuesday as the yen weakened against the dollar and euro after eu

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Oil down on controversial Cyprus bailout deal
SINGAPORE: Oil prices eased on Monday on eurozone fears after Cyprus said it planned to tax bank deposits to win b

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CNG stations closed for 24 hours in Sindh
KARACHI: The Sui Southern Gas Company (SSGC) has announced that CNG stations in Sindh will not retail gas for the

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Punjab: Gas supply to CNG pumps suspended for 5 days
LAHORE: The CNG outlets in Punjab have once again shut down for five days from 6:00 AM today, Geo News reported.

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American stocks pause after record-smashing run
NEW YORK: US markets took a needed pause Friday after a relentless 10-day run, marked by the Dow setting new record

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Oil up in Asia on weaker dollar, US jobs data
SINGAPORE: Oil prices rose in Asian trade Friday as a weaker US currency made the dollar-priced commodity cheaper

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Asian markets mostly up, dollar rebounds
HONG KONG: Asian markets mostly ended higher Thursday as bargain buying offset early losses, while the dollar clim

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NEPRA approves tariff hike by Rs 1.55 per unit
ISLAMABAD: National Electric Power Regulatory Authority (NEPRA) has approved the increase in tariff by Rs 1.55 per

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Oil prices fall in Asian trade on demand fears
SINGAPORE: Oil prices declined in Asia on Thursday after the International Energy Agency (IEA) lowered its global

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CNG stations resume supply across Sindh
KARACHI: After remaining closed for 24 hours, all the CNG filling stations across Sindh including Karachi opened T







MOHAMMED SALEEM MANSOORI

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