Wednesday, 20 March 2013

LATEST NEWS UPDATE: 21.03.2013



 Latest News in Brief(Pakistan):
o   Zahid Alvi to be sworn in as Sindh caretaker CM today
o   Will move court over caretaker setup in Sindh: Nawaz
o   Rangers arrest seven in Karachi raids
o   Karachi violence claims another 11 lives
o   SC to resume Karachi unrest case hearing today
o   SC to resume Karachi unrest case hearing today
o   May 11 polls: Nominations to be filed from March 25 to 30
o   Pervez Musharraf announces to take part in polls from all provinces
o    US should dump Pakistan:Haqqani
o   Zardari for Tapis early implementation

WOLRD(Brief News):
o   Cyprus seeks Russian bailout aid, EU threatens cutoff
o   Obama arrives in Israel amid low expectations
o   Litigation forces Deutsche Bank to restate profits
o   American Realty Capital offers to buy Cole Credit trust
o   FedEx profit falls 31 percent on air freight weakness
o   Italian president seeks way out of political stalemate
o   Britain's Osborne boxed in by austerity on budget day
o   Al Qaeda claims attacks on Iraq invasion anniversary
o   Majority supports U.S. benefits for same-sex couples: Reuters/Ipsos poll
o   JPMorgan, MF Global Inc trustee reach $546 million settlement
o   Analysis: Small and mid-sized banks face interest-rate struggles
o   China's Xi says willing to promote dialogue between Koreas
o   Turkey targeted in bomb attacks before expected rebel ceasefire
o   NATO forces say agree to leave key Afghan province near Kabul
o   Insight: In heartland, Obama's move against jet loophole hits turbulence
o   Fed to stick to stimulus as Cyprus rekindles global risks
o   Nevada military depot mortar explosion kills seven Marines
o   Obama's gun control plans weaken in Senate
o   China's new diplomats signal thaw with Japan, keeping U.S. at bay
o   Bombs kill nearly 60 on Iraq invasion anniversary
o   Alleged chemical attack kills 25 in northern Syria
o   Italian president seeks way out of political stalemate
o   Cyprus lawmakers reject bank tax; bailout in disarray
o   North Korean elite beating sanctions, one plasma TV at a time
o   Pope sets tone for humbler papacy, calls for defense of the weak
o   Nevada military depot mortar explosion kills seven Marines
o   Microsoft backs review of foreign bribery allegations
o   Democratic leader says assault weapon ban lacks support in Senate
o   Pakistani girl shot by Taliban starts at English school
o   Judge OKs Hostess's Twinkies, Ding Dongs sale
o   Insight: International court's credibility in dock over failed prosecutions
o   Zimbabwe approves constitution curbing presidential powers
o   Housing starts point to growing economic momentum
o   Mali needs aid to rebuild north, stop militant return: France
o   Ryanair lifts Boeing with $16 billion 737 order
WOLRD BUSINESS(Brief News):
o   Mauritius 3-yr Treasury bond yield falls to 3.55 pct
o   Uganda fund plans move into Kenya stocks, private equity
o   American Realty Capital offers to buy Cole Credit trust
o   Spain's Sacyr says affiliates win $228 mln Mozambique contracts
o   Kenya's Nation Media Group posts 25 pct profit jump in 2012
o   Bank of England split on QE, worried about sterling
o   Analysis: Small and mid-sized banks face interest-rate struggles
o   Morocco inflation eases to 2.2 pct in February
o   JPMorgan, MF Global Inc trustee reach $546 million settlement
o   Centamin's Egypt operations to continue during appeal
o   Litigation forces Deutsche Bank to restate profits
o   Stock futures gain, Fed in focus
o   S.Africa's c.bank holds rates, CPI outlook deteriorates
Business News:
Pakistan
EXCHANGE FOR CURRENCY NOTES:

U.S.A              99.08
S.Arabia         26.42
U.K                 149.61
Japan              1.0369
Euro               128.36
U.A.E             26.98

BULLION RATES IN RUPEES PER 10 GRAMS
KARACHI
Gold Tezabi (24-ct)   Rs51,857
Silver Tezabi              Rs900













Wed, 20 Mar 2013

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Karachi Stock Exchange makes modest gains
KARACHI: Local capital market extended its rally on Wednesday to make modest gains as Karachi Stock Exchange s (KS

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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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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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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.b

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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 reco

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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


MOHAMMED SALEEM MANSOORI

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