Friday 27 April 2012

Nobody can disqualify me except Speaker: PM

YOUSUF-RAZA-GILANI ISLAMABAD: Challenging the opposition to bring a no confidence motion against him, Prime Minister Yousuf Raza Gilani on Friday said nobody can remove him from his office except the Speaker.
"Am I not an elected Prime Minister. Do I not represent 180 million people of Pakistan. Nobody can remove me from the office of Prime Minister except you Madam Speaker. This is in the law and the constitution," he said in his maiden address in National Assembly after conviction by the Supreme Court.
"Whatever the decisions, an elected Prime Minister cannot be removed without due process," he added and addressed the Speaker, "I also want to tell that Madam Speaker you are not merely a post office. But, you also have to apply your own mind on disqualification."
"But, if the Parliament denotifies me, I will be honored. This is up to the custodian of the House," Gilani said.
Talking on the key opposition party PML-N, its leadership and Leader of the Opposition Chaudhry Nisar Ali Khan, the Prime Minister said, nobody can impose his decision or wish on us. "We are elected people and strived to uphold the constitution and respect of institutions."
"They cannot act like God. We have majority in both the Houses of the Parliament. They (Nawaz, Shahbaz and Nisar) should respect others. I challenge them if they have courage, they should move a no confidence motion against me," Gilani asserted.
Copyright APP (Associated Press of Pakistan), 2012

Wednesday 29 February 2012

PRECIOUS-Gold edges back after fall on Bernanke comment

PRECIOUS-Gold edges back after fall on Bernanke comment

Thu Mar 1, 2012 12:45am GMT

SINGAPORE, March 1 (Reuters) - Spot gold gained more than half a percent on 
Thursday, pulling back from a fall of 5 percent in the previous session after 
U.S. Federal Reserve Chairman Bernanke failed to signal further bond buying, dashing
hopes of more monetary easing.
 
FUNDAMENTALS 
    * Spot gold rose 0.6 percent to $1,705.19 an ounce by 0020 GMT, after posting
 its biggest one-day drop in more than three years
 
Gold will remain attractive as long as real interest rates stay low, analysts 
have said. 
 
In contrast to a selling frenzy in spot and futures markets, the SPDR Gold Trust
the world's biggest gold-backed exchange-traded fund, gained 0.7 percent on the day
to 1,293.676 tonnes, its highest in two and a half months. 


Latest Gold News

Latest Gold News