Latest News in Brief
Obama commends democratic transition in
Pakistan
WASHINGTON: US President Barack Obama congratulated Pakistan Sunday
on its parliamentary elections and said Washington was ready to work “as equal
partners” with the government that emerges.Nawaz Sharif, the apparent winner of Saturday’s election, was in talks to form a new government in a stunning comeback for a former prime minister who was deposed in a 1999 coup and spent years in jail and exile.
Sharif has been less vocal against US drone strikes than his main rival Imran Khan, and is considered a pragmatist with whom Washington can work.
“My administration looks forward to continuing our cooperation with the Pakistani government that emerges from this election as equal partners in supporting a more stable, secure, and prosperous future for the people of Pakistan,” Obama said in a statement.
He congratulated “the people of Pakistan on the successful completion of yesterday’s parliamentary elections.”
“The United States stands with all Pakistanis in welcoming this historic peaceful and transparent transfer of civilian power, which is a significant milestone in Pakistan’s democratic progress,” he said.
“By conducting competitive campaigns, freely exercising your democratic rights, and persevering despite intimidation by violent extremists, you have affirmed a commitment to democratic rule that will be critical to achieving peace and prosperity for all Pakistanis for years to come,” he said.
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WOLRD
BUSINESS(Brief News):
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Business News:
Pakistan
EXCHANGE FOR CURRENCY NOTES:
U.S.A 99.28
S.Arabia 26.47
U.K 154.31
Japan 1.0050
Euro 130.71
U.A.E 27.03
BULLION RATES IN RUPEES PER 10 GRAMS
KARACHI
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Gold Tezabi (24-ct) Rs48,000
Silver Tezabi Rs814.28
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