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 Editorials[1-2 of 2 stories]  

The state of economy
EDITORIAL (September 08, 2010): According to newspaper reports, Federal Finance Minister Dr Hafeez Sheikh pleaded with all the key power players in the country, including the military, to demonstrate 'fiscal responsibility' to avert what he reportedly referred to as a 'complete economic breakdown.'



Afghan people's longing for peace
EDITORIAL (September 08, 2010): According to a recent opinion poll on public attitudes in Afghanistan, conducted by the Afghan Centre for Socio-Economic and Opinion Research, about 74 percent Afghans favour negotiations with the Taliban provided the Taliban first stopped fighting. They also say the Taliban should be given share in power if they agree to stop fighting.



Fiscal response to the flood aftermath
EDITORIAL (September 07, 2010): It is more than apparent that fresh fiscal measures have to be taken to respond to the new situation, arising from large-scale devastation caused by floods.



A victory for democracy
EDITORIAL (September 07, 2010): On Friday, the National Assembly unanimously passed two resolutions moved by PML-N and MQM. The PML-N resolution expressed resolve to strengthen democracy while the MQM resolution sought the eradication of feudalism and corrupt elements in the establishment.



IMF emergency aid
EDITORIAL (September 06, 2010): The response of the multilateral institutions to the flood calamity in Pakistan is very positive. They are not only prepared to continue their existing programmes, but are also quite willing to extend assistance on a fast track basis under other facilities.



Floods damage: need for fair assessment
EDITORIAL (September 06, 2010): All the provincial governments are making exaggerated claims of flood losses ahead of the Council of Common Interests (CCI) meeting, which was scheduled for Friday, but has been postponed because the Punjab Chief Minister needs time to deal with the aftermath of the latest terrorist attack in Lahore.



Targeted killings in Karachi
EDITORIAL (September 05, 2010): Over the years, Karachi has experienced periodic spasms of uncontrollable violence, marked by brutal targeted killings. The most favoured mode has been the drive-by shootings, with the killers invariably remaining untraced.



Report on lynching of brothers
EDITORIAL (September 05, 2010): Former Justice Kazim Malik's report on the death of two brothers at the hands of a mob in Sialkot city last month, largely vindicates the public perception that the local administration, particularly the police, had connived in stage-managing the gruesome lynching drama.



Dastardly attack in Lahore
EDITORIAL (September 04, 2010): Three blasts, at least two by suicide bombers, conducted outside a prominent Imambargah in Lahore killed about 30 unwary mourners. They were part of an annual procession taken out to commemorate the martyrdom of Hazrat Ali, the fourth caliph of Islam. About two hundred participants were injured, some of them seriously, which could increase the tally of the dead as frequently happens in cases of the type.



Sino-Indian tensions over Kashmir
EDITORIAL (September 04, 2010): China has refused visa to an Indian general, interestingly for Pakistan, because he oversees military operations in a 'disputed' area. Lieutenant General B.S. Jaswal, the top military officer in Indian-occupied Kashmir was to travel to China to participate in a high-level exchange programme.


  

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The Rupee
Interbank closing rates for dollar on Tuesday.
BuyingRs 86.01
SellingRs 86.06
Dollar crosses Rs 86 mark
7481.03  73.24
Sectoral Indices 
Market at Close
BRIndex-30 7,489.56
KSE-30 Index 9,551.50
KSE-100 Index 9,748.14
LSE-25 Index 3,081.39
ISE-10 Index 2,527.85
Gold Per 10gm 33,985.00
KCA Spot Rate 6,400.00
Libor Rate 0.49669
World Indices
Index Closing Chg%
DJIA 10,340.69 1.03
Nasdaq 2,208.89 1.11
S&P 1,091.84 1.15
FTSE 5,407.82 0.60
DAX 6,117.89 0.60
CAC-40 3,643.81 1.11
Nikkei 9,226.00 0.80
H.Seng 21,401.80 0.20
Sensex 18,645.06 0.46
NY Closing
Euro 1.2881
Sterling 1.5346
Swiss Franc 1.0112
Yen 83.7680
Gold 1257.50
Cotton 91.450
Oil 73.84
Economic Indicators
Annual2009/10
Foreign Debt $53.01bn
Per Cap Income $1046
GDP Growth 4.1%
Average CPI 11.73%
MonthlyJuly
Trade Balance $-1.45 bln
Exports $1.78 bln
Imports $3.24 bln
WeeklySeptember 02, 2010
Reserves $16.12 bln
 









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