Thursday, 21 March 2013

LATEST NEWS UPDATE: 22.03.2013



LATEST NEWS UPDATE:

 Report urges US not to attempt to control Pakistan politics

WASHINGTON: The United States should work with — not attempt to control — Pakistan’s internal political processes, says a new US report released on Wednesday.
The — “Previewing Pakistan’s 2013 Elections” — also warns that whoever wins the next elections should try to resolve the problems the country faces or be prepared to face accountability.
“Only Pakistanis themselves are capable of establishing a more stable, democratic system capable of balancing diverse interest groups and effectively addressing the country’s challenges,” says author Colin Cookman who wrote this report for a Washington think tank, Centre for American Progress. The report points out that as Pakistan’s political and economic structures shift to lower the barriers for entry, multiple political actors compete to establish the rules of the game.
While “a powerful military with a history of interventionism still waits in the wings, the future course of Pakistan’s political system is highly uncertain,” it warns.
The report notes that US efforts in past decades to advance its interests in Pakistan “through direct contact with favoured military or political elite partners have proven unsustainable, and attempts to repeat such practices are likely to become more unworkable as the system shifts towards greater multi-polarity, at least for the near term.”
Reviewing the last five years of democratic rule, the author notes that Pakistan’s more decentralised post-2008 political system has forced the prioritisation of consensus policies on many issues, and may prove more democratic in its ability to accommodate diverse elected and unelected interest groups. The author also argues that the system has been slow to respond to militant separatism, terrorist violence and economic stagnation and failed system also failed to ease tense relations with regional neighbours and international partners. “Whichever coalition of political leaders finds itself in power after elections this summer will face accountability for inaction on these issues, which cannot be deferred indefinitely,” the report warns.
It encourages the US to make efforts to support Pakistan’s democratic evolution and the success of its upcoming elections. Such efforts should include a public commitment to neutrality and respect for the electoral processes, coupled with support for an international observation mission.
It also urges US diplomatic and military officials to continue to engage with a broad array of Pakistani civilian leaders and military officials, while making it clear that the United States “does not favour any specific electoral outcome and strongly opposes any disruption of the constitutional process or intervention during the caretaker period”.
Musharraf to announce about return to Pakistan today
ISLAMABAD: Pakistan’s former military ruler Pervez Musharraf is expected to announce his plan to return to Pakistan or otherwise today , Geo News reported.
Musharraf who was in Saudi Arabia to perform Umra will reach Dubai today, where he would address a press conference to announce his plan.
Sources said that the former military dictator held meetings with the members of Saudi ruling family during his stay in the kingdom.
The sources said that a Saudi diplomat advised Musharraf not to return to Pakistan.
The sources further claimed that Pakistan Muslim League-Nawaz chief and former prime minister Nawaz Sharif has also been asked to shun harsh behavior towards the former president.
Musharraf had announced a few days ago that he would land in Pakistan on March 24. A spokesman for his party also said on Thursday that the former president would return to Pakistan as per schedule.
Latest News in Brief(Pakistan):
o   Last day for MPs panel to select caretaker prime minister
o   US drones kill four in North Waziristan
o   Pakistan beat South Africa to level series
o   Pakistan rejects involvement in 1993 Mumbai blasts
o   MQM to field candidates from all seats in country: Altaf
o   18 arrested as police swoop down on criminals in Lyari
o   Shahid Nadeem Baloch appointed Sindh IGP
o   Balochistan interim CM-elect Ghous Bukhsh to take oath today
o   Expats reluctant to invest in Pakistan
o   Travel sanctions loom over Pakistan
o   Mengal will return to Pakistan on 25th
o    Zardari for early convening of Pak-Iran-Afghanistan summit

WOLRD(Brief News):
o   ECB gives Cyprus bailout ultimatum, banks face cutoff
o   Gaza rockets hit southern Israel town cited by Obama
o   Insight: Bipartisan Senate group on path to immigration bill
o   Joy as Kurd rebel leader due to call Turkey truce
o   Blast kills 12 at Pakistani camp for people fleeing violence
o   Trust in Kenya's top judge tested by election challenge
o   North Korea issues fresh threat to U.S., South probes hacking
o   Syrian rebels take towns near ceasefire line with Israel
o   Hacking highlights dangers to Seoul of North's cyber-warriors
o   After Israeli backslapping, Obama faces Palestinian discontent
o   Most Americans back path to citizenship for illegal immigrants: poll
o   Marines identify seven who died in Nevada mortar blast
o   Fed holds firm to stimulus plan despite brighter economy
o   Senate approves funding bill to avert government shutdown
o   Blackstone asks Oracle's Hurd if he wants to run Dell: source
o   Guatemalan survivors revisit horror of war in ex-dictator's trial
o   Boeing plans 787 battery test flights for end of week: sources
o   Afghanistan, NATO strike compromise on pullout plan
o   U.S. seeks swift transfer of Congo warlord to Hague court
o   Britain's growth halved, Osborne turns to Bank of England for help
o   IMF chief's apartment searched in French compensation case
o   Colorado prison chief shot dead on eve of gun laws signing
o   After Israeli backslapping, Obama faces Palestinian discontent
WOLRD BUSINESS(Brief News):
o   Exclusive: Euro zone call notes reveal extent of alarm over Cyprus
o   Jane's publisher IHS beats first-quarter estimates
o   ECB gives Cyprus bailout ultimatum, banks face cutoff
o   Pay strike grounds 40 percent of Lufthansa flights
o   Scholastic quarterly loss doubles as Hunger Games sales dip
o   British budget deficit and retail data offer rare positive news
o   Standard Chartered says it made false comments on sanction breaches
o   Analysis: Brazil bond investors expect inflation to stay high
o   EADS CEO sees more defense industry consolidation
o   S.Africa's Palabora says underground mine strike ends
o   Cyprus, European data sends shares, euro lower
o   Stock futures signal flat to lower open
o   Cyprus expects to clinch support program by Monday: central bank
Business News:
Pakistan
EXCHANGE FOR CURRENCY NOTES:

U.S.A              98.18
S.Arabia         26.45
U.K                 150.00
Japan              1.0336
Euro               128.42
U.A.E             27.00

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




 Fri, 22 Mar 2013

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MOHAMMED SALEEM MANSOORI

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