AIRLINK 191.15 Decreased By ▼ -5.50 (-2.8%)
BOP 10.13 Decreased By ▼ -0.01 (-0.1%)
CNERGY 6.55 Decreased By ▼ -0.14 (-2.09%)
FCCL 33.95 Increased By ▲ 0.93 (2.82%)
FFL 16.59 Decreased By ▼ -0.06 (-0.36%)
FLYNG 23.61 Increased By ▲ 1.16 (5.17%)
HUBC 126.49 Decreased By ▼ -0.80 (-0.63%)
HUMNL 13.90 No Change ▼ 0.00 (0%)
KEL 4.74 Decreased By ▼ -0.02 (-0.42%)
KOSM 6.40 Increased By ▲ 0.03 (0.47%)
MLCF 43.18 Increased By ▲ 0.96 (2.27%)
OGDC 213.90 Increased By ▲ 0.87 (0.41%)
PACE 7.23 Increased By ▲ 0.22 (3.14%)
PAEL 41.35 Increased By ▲ 0.48 (1.17%)
PIAHCLA 17.42 Increased By ▲ 0.60 (3.57%)
PIBTL 8.43 Increased By ▲ 0.14 (1.69%)
POWER 8.97 Increased By ▲ 0.15 (1.7%)
PPL 185.01 Increased By ▲ 1.44 (0.78%)
PRL 38.00 Decreased By ▼ -0.27 (-0.71%)
PTC 24.06 Decreased By ▼ -0.01 (-0.04%)
SEARL 94.75 Decreased By ▼ -0.36 (-0.38%)
SILK 1.01 Increased By ▲ 0.01 (1%)
SSGC 39.70 Decreased By ▼ -0.61 (-1.51%)
SYM 17.88 Decreased By ▼ -0.33 (-1.81%)
TELE 8.70 Decreased By ▼ -0.03 (-0.34%)
TPLP 12.55 Increased By ▲ 0.34 (2.78%)
TRG 64.32 Decreased By ▼ -0.04 (-0.06%)
WAVESAPP 10.40 Decreased By ▼ -0.04 (-0.38%)
WTL 1.77 Decreased By ▼ -0.02 (-1.12%)
YOUW 3.92 Decreased By ▼ -0.08 (-2%)
BR100 11,700 Decreased By -22.9 (-0.2%)
BR30 35,395 Increased By 36.1 (0.1%)
KSE100 113,027 Increased By 388.8 (0.35%)
KSE30 35,561 Increased By 102.5 (0.29%)

President Barack Obama urged lawmakers in the House of Representatives to pass a bill that would extend funding for infrastructure and transportation projects, warning that failure to do so would hurt US economic recovery. The US Senate recently passed a transportation bill, but a similar measure is stalled in the House.
"In a matter of days, funding will stop for all sorts of transportation projects. Construction sites will go idle. Workers will have to go home. And our economy will take a hit," Obama said in his weekly radio and Internet address, broadcast on Saturday.
"This Congress cannot let that happen. Not at a time when we should be doing everything in our power - Democrats and Republicans - to keep this recovery moving forward." Obama noted that 52 Democrats and 22 Republicans had supported the Senate version. "Now it's up to the House to follow suit; to put aside partisan posturing, end the gridlock and do what's right for the American people," he said. House Republicans say they want measures included in the bill to address rising energy costs.
The previous multi-year US transportation law expired in September 2009. Since then, programs that fund road, bridge and transit projects and gas tax collections have been kept alive by a series of temporary extensions. With long-term transportation legislation stalled for now, House Republican leaders plan another temporary extension of federal highway and transit funding that would keep construction projects and gas tax collections on track.

Copyright Reuters, 2012

Comments

Comments are closed.