Tuesday February 09, 2010 
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 Editorials[1-3 of 3 stories]  

Prospects of talks with India
EDITORIAL (February 09, 2010): During the last few days signals have emerged from India regarding the resumption of talks between the two countries. On Monday, Indian home minister P. Chidambram said that bilateral talks with Pakistan could be on the anvil if he visited Islamabad for the SAARC Interior Ministers conference being held in Islamabad on February 20.



Revaluation of Chinese currency
EDITORIAL (February 09, 2010): A day before US Treasury Secretary Timothy Giethner's observations that China would begin letting its currency appreciate, US President Barack Obama vowed to get tough on trade and exchange rates - putting currency high on a growing list of disputes with China.



Irrational price hikes
EDITORIAL (February 09, 2010): The rising cost of living has pushed people to the tether's end, leading to frequent public protests. Following the latest increase in POL prices, intra-city transporters in Lahore went on a protest strike on Wednesday, making things that much harder for people who depend on public transportation.



Challenges to growth
EDITORIAL (February 08, 2010): Pakistan Institute of Development Economies (PIDE) is a premier economic policy research organisation of the country. Serious consideration must, therefore, be given to its views whenever these are made public.



Killing of US soldiers
EDITORIAL (February 08, 2010): American boots on Pakistani soil - that is something which has never been admitted by the Pakistani authorities. Hence the confusion as to what actually happened in Kota, in the Lower Dir district, on Wednesday when a security convoy was ambushed allegedly by the Taliban, killing seven people including three foreigner-looking persons.



An extra large backlog of cases
EDITORIAL (February 07, 2010): The new policy announced by the National Judicial (policymaking) Committee, to clear the backlog of cases within a year, was widely hailed. It was maintained that if implemented in letter and spirit, it would bring the country's judiciary at par with the best in the world.



Drone attacks in North Waziristan
EDITORIAL (February 07, 2010): The CIA-operated drone attacks against suspected targets in Pakistan's tribal areas started some six years ago, but it was the deadly suicide bombing of the intelligence agency's office in Khost, Afghanistan, last December that seems to have provoked massive retaliation, with considerably stepped up attacks.



Audit findings: time to take steps in a timely fashion
EDITORIAL (February 06, 2010): According to a section of the press, citing a draft audit report, financial irregularities to the tune of 2.8 billion rupees have been identified in the Punjab government accounts. The cases include examples of financial indiscipline, bypassing of established criteria, excess payments and non-observance of rules and procedures in development and non-development expenditures.



Coalition must work together for peace in Karachi
EDITORIAL (February 06, 2010): But security was already stepped up following at least 40 target killings in last five days in Karachi. Those killed included political activists, common labourers and small traders. The incidents led to recriminations amongst the major political parties in Sindh. In the National Assembly, the opposition demanded a debate on the Karachi killings.



Twin blasts in country's financial capital
EDITORIAL (February 06, 2010): On Friday, two suicide bombers on motorcycles struck a bus and country's largest public sector tertiary-care hospital - Jinnah Post Graduate Medical Centre - where the dead and wounded of the first blast were being rushed, killing at least two dozen people in two blasts in a city largely isolated from terror attacks.


  

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The Rupee
Interbank closing rates for dollar on Monday.
BuyingRs 84.94
SellingRs 84.97
Dollar moves both ways
8622.72  41.98
Sectoral Indices 
Market at Close
BRIndex-30 8,580.74
KSE-30 Index 10,209.42
KSE-100 Index 9,809.98
LSE-25 Index 3,067.66
ISE-10 Index 2,353.59
Gold Per 10gm 30,514.00
KCA Spot Rate 4,625.00
Libor Rate 0.38625
World Indices
Index Closing Chg%
DJIA 9,908.39 1.04
Nasdaq 2,126.05 0.70
S&P 1,056.74 0.89
FTSE 5,092.33 0.60
DAX 5,484.85 0.93
CAC-40 3,607.27 1.22
Nikkei 9,951.92 1.10
H.Seng 19,550.89 0.58
Sensex 15,935.61 0.13
NY Closing
Euro 0.7329
Sterling 0.6421
Swiss Franc 1.074
Yen 89.26
Gold 1066.20
Cotton 69.160
Oil 71.89
Economic Indicators
Annual2008/09
Foreign Debt $50.1bn
Per Cap Income $1046
GDP Growth 2.0%
Average CPI 20.77%
MonthlyDecember
Trade Balance $-1.33 bln
Exports $1.58 bln
Imports $2.91 bln
WeeklyFebruary 08, 2010
Reserves $14.517 bln
 









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