AGL 39.58 Decreased By ▼ -0.42 (-1.05%)
AIRLINK 130.00 Decreased By ▼ -1.22 (-0.93%)
BOP 6.84 Increased By ▲ 0.03 (0.44%)
CNERGY 4.70 Decreased By ▼ -0.01 (-0.21%)
DCL 8.62 Increased By ▲ 0.18 (2.13%)
DFML 41.14 Decreased By ▼ -0.33 (-0.8%)
DGKC 81.99 Decreased By ▼ -0.10 (-0.12%)
FCCL 33.10 No Change ▼ 0.00 (0%)
FFBL 72.00 Decreased By ▼ -0.87 (-1.19%)
FFL 12.34 Increased By ▲ 0.08 (0.65%)
HUBC 110.50 Decreased By ▼ -0.24 (-0.22%)
HUMNL 14.45 Decreased By ▼ -0.06 (-0.41%)
KEL 5.21 Increased By ▲ 0.02 (0.39%)
KOSM 7.65 Increased By ▲ 0.04 (0.53%)
MLCF 38.52 Decreased By ▼ -0.38 (-0.98%)
NBP 63.70 Decreased By ▼ -0.31 (-0.48%)
OGDC 191.85 Decreased By ▼ -0.97 (-0.5%)
PAEL 25.70 Increased By ▲ 0.02 (0.08%)
PIBTL 7.30 Decreased By ▼ -0.04 (-0.54%)
PPL 152.95 Decreased By ▼ -1.12 (-0.73%)
PRL 25.80 Decreased By ▼ -0.03 (-0.12%)
PTC 17.60 Decreased By ▼ -0.21 (-1.18%)
SEARL 81.50 Decreased By ▼ -0.80 (-0.97%)
TELE 7.76 No Change ▼ 0.00 (0%)
TOMCL 33.60 Increased By ▲ 0.14 (0.42%)
TPLP 8.49 No Change ▼ 0.00 (0%)
TREET 16.69 Increased By ▲ 0.07 (0.42%)
TRG 57.35 Decreased By ▼ -0.05 (-0.09%)
UNITY 27.51 No Change ▼ 0.00 (0%)
WTL 1.35 Decreased By ▼ -0.02 (-1.46%)
BR100 10,504 No Change 0 (0%)
BR30 31,226 No Change 0 (0%)
KSE100 98,049 Decreased By -30.4 (-0.03%)
KSE30 30,536 Decreased By -22.7 (-0.07%)

A $636 billion military spending bill that would fund wars in Iraq and Afghanistan cleared a procedural hurdle in the US Senate early on Friday. The 63 to 33 vote opened the way for senators to give the measure final congressional approval on Saturday, as it has already cleared the House of Representatives.
Senate Majority Leader Harry Reid has kept lawmakers working through weekends and late into the night with the goal of passing a major healthcare overhaul before Christmas. Republicans have erected a series of procedural hurdles to try to stymie Reid and his fellow Democrats on healthcare, but are expected to support the military-funding measure.
The bill covers Pentagon operations through September 30, 2010, but the $128 billion earmarked for ongoing wars will not be enough to cover President Barack Obama's plans to send 30,000 more troops to Afghanistan. Congress eliminated funding for Lockheed Martin Corp's F-22 fighter jet, as Obama had requested. But lawmakers funded 10 more Boeing Co C-17 transport planes than the Pentagon asked for, at a cost of $2.5 billion.
Congress also kept alive the troubled VH-71 presidential helicopter, made by Lockheed, and an alternate engine made by General Electric Co and Rolls Royce Group Plc for the F-35 Joint Strike Fighter, despite the Pentagon's objections. The bill includes 1,720 earmarks costing $4.2 billion for lawmakers' pet projects, according to the watchdog group Taxpayers for Common Sense.

Copyright Reuters, 2009

Comments

Comments are closed.