Thursday March 18, 2010 
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 Editorials[1-3 of 3 stories]  

Increase in PSDP
EDITORIAL (March 18, 2010): The Prime Minister, while on a visit to the Planning Commission, which he committed to undertaking on a quarterly basis, stated that he had directed the Ministry of Finance to release 300 billion rupees for the Public Sector Development Programme (PSDP) within the current fiscal year.



Resurgence of terrorist attacks
EDITORIAL (March 18, 2010): After a relative lull in terrorist activity inside the major cities of the country during the last two months, there is suddenly an outburst of suicide attacks in the country. In the latest event of the series, two suicide bombers struck R.A. Bazaar area in Lahore cantonment on Friday turning it into a killing field.



Guns for hire
EDITORIAL (March 18, 2010): Americans leave nothing to chance when they fight their enemies, or so it seems. If required - and that is not once in a blue moon, but a regular practice - they use napalm bombs and hellfire missiles to attack and destroy their enemies, and in the process, very often, take lives of innocent non-combatant civilians. And as they openly rain fire, they send in hired assassins to take care of their adversaries' leadership.



Shahbaz's common cause with Taliban
EDITORIAL (March 17, 2010): What Punjab Chief Minister Shahbaz Sharif said on Sunday does not behove a politician aspiring to be a national leader. Pointing out what he considered to be a common cause between the Taliban and his own party, he said both had opposed Musharraf. And since the party is in the driving seat in Punjab, the Taliban should desist from targeting the province.



Power sector allocation
EDITORIAL (March 17, 2010): During the first ten months of the current fiscal year, the federal government was able to release only 38 percent of its budgetary commitment to the Water and Power Development Authority (Wapda) for power projects.



Promoting consumer rights
EDITORIAL (March 17, 2010): Monday was the World Consumer Rights Day; its theme for this year, "Our Money, Our Rights". Except for some small NGO generated activity the day passed quietly. The newspapers did not carry special supplements nor did the government ministers address special meetings to mark the day, as is customary on so many other occasions.



Remittances: ADB proposal needs critical examination
EDITORIAL (March 16, 2010): The government and the State Bank of Pakistan have been taking a number of measures to increase the flow of home remittances in the country through banking channels. This is deemed necessary to improve the balance of payments of the country and discourage the use of informal channels for the purpose. Thankfully, such efforts have yielded handsome gains in the form of a substantial rise in home remittances in the recent period.



The forthcoming Pak-US strategic dialogue
EDITORIAL (March 16, 2010): Upgraded in terms of participation and expanded in terms of scope, the Pak-US strategic dialogue in Washington, next week, will contend with an enormous agenda, with issues on the table ranging from giving a last big push to their co-operative effort against the Taliban, to removing bilateral mistrust to deepening American involvement in people-focused programmes.



How does Strauss-Kahn look at global economy?
EDITORIAL (March 15, 2010): Speaking to business students at a university in Johannesburg on 9th March, IMF Managing Director Strauss-Kahn made certain observations which were quite interesting, but out of the ordinary. He cautioned that the world needs to prepare for the next economic crisis, even as it begins to recover from the worst recession since the Great Depression.



Distribution of profits from natural resources
EDITORIAL (March 15, 2010): In states with the federal form of government, provinces claim political primacy, as it is they who consciously decide to form the state, unlike the unity states where the constituting units come into being and exit essentially in line with administrative requirements. Pakistan was created as a federal state and it remains so.


  

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The Rupee
Interbank closing rates for dollar on Wednesday.
BuyingRs 84.25
SellingRs 84.30
Dollar drifts lower
8556.86  199.43
Sectoral Indices 
Market at Close
BRIndex-30 8,556.78
KSE-30 Index 10,344.15
KSE-100 Index 10,007.87
LSE-25 Index 3,152.94
ISE-10 Index 2,457.77
Gold Per 10gm 30,857.00
KCA Spot Rate 5,500.00
Libor Rate 0.40188
World Indices
Index Closing Chg%
DJIA 10,733.67 0.45
Nasdaq 2,389.09 0.47
S&P 1,166.21 0.58
FTSE 5,644.63 0.40
DAX 6,024.28 0.89
CAC-40 3,957.89 0.48
Nikkei 10,744.03 0.95
H.Seng 21,330.67 0.25
Sensex 17,519.26 0.17
NY Closing
Euro 0.7282
Sterling 0.6528
Swiss Franc 1.0546
Yen 90.321
Gold 1122.30
Cotton 81.170
Oil 82.70
Economic Indicators
Annual2008/09
Foreign Debt $50.1bn
Per Cap Income $1046
GDP Growth 2.0%
Average CPI 20.77%
MonthlyFebruary
Trade Balance $-964 bln
Exports $1.53 bln
Imports $2.50 bln
WeeklyMarch 15, 2010
Reserves $14.725 bln
 











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