Wednesday March 10, 2010 
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 Articles & Letters[1-4 of 4 stories]  
 Articles   |   Letters  

Renaming NWFP
ARTICLE (March 10, 2010): There is a likelihood of the curtain finally dropping on the issue of a new nomenclature for NWFP, a dispute that has continued to hang fire for the last many decades. When Abdul Ghaffar Khan, called Bacha Khan by his followers, suggested the name Pushtunistan in the newly created and insecure Pakistan, his opponents accused him of working for carving out a separate state out of the country.



GOOD MORNING: Sultan Ahmed: in memoriam
ARTICLE (March 10, 2010): A former English-language newspaper editor, Sultan Ahmed, passed away in Karachi on 2nd March 2010, bringing to culmination a formidable and rather fascinating career. He was 87 - and gave as many as almost 65 years to print media - and wrote prolifically with sustained passion, compassion and insight into an amazing variety of themes, engaging them with the seriousness and profundity that was warranted.



Iraqi candidates see opportunity to topple bruised al-Maliki
ARTICLE (March 10, 2010): Iraqi Prime Minister Nuri al-Maliki wasn't running for office in last years provincial council elections. Yet he seemed so strong, and so popular, that his party used his image everywhere on posters ahead of the polls. His face still looked down from banners and posters across the country ahead of Sunday's parliamentary polls, but a series of bombings and sectarian disputes have bruised his image as the champion of post-war unity and security.



Partly Facetious: It's not cricket
ARTICLE (March 10, 2010): "The PCB in its infinite wisdom has decided to fine Shahid Afridi and Kamran Akmal 3 million rupees and ban them from playing cricket for one year."



Commissioner (Legal) clarifies
ARTICLE (March 09, 2010): It is wrong to suggest that I have blocked a proposal by the Karachi Stock Exchange regarding Margin Financing, and Borrowing and Lending of Securities, and that the letter to the Chairman Policy Board ie Finance Secretary was written to clarify my position vis-à-vis this allegation.



Legacy of March 9, 2007
ARTICLE (March 09, 2010): March 9, 2007 was, undoubtedly, a tragic day in our history - the Chief Justice of Pakistan was barred to perform his functions on the pretext of filing of reference against him under Article 209 of the Constitution of Pakistan. What happened on that sad day and thereafter is now well documented in the judgement of the apex court reported as Chief Justice of Pakistan Iftikhar Muhammad Chaudhry v President of Pakistan PLD 2010 SC 61.



SPOTLIGHT: Despite shortcomings media are doing a great job of exposures: 18th amendment: many a slip between the cup and the lip
ARTICLE (March 09, 2010): The Parliamentary Comm-ittee for Constitutional Reforms (PCCR) is about to deliver the much delayed reforms to purge the Constitution of the dross attached to it by the 17th Amendment, while also attempting to resolve some other issues of long standing like the quantum of provincial autonomy and changes to the concurrent list. Main features of the changes needed were already outlined in the Charter of Democracy (CoD) drawn up by ML-N's Nawaz Sharif and Benazir Bhutto of PPP in May 2006.



South Korea's nuclear dreams hinge on new deal with US
ARTICLE (March 09, 2010): South Korea, which has spent decades developing nuclear power to make up for its lack of oil, now hopes to become a global leader in atomic energy as the world turns away from fossil fuels. A Seoul-led consortium, triumphing over more experienced competitors, won a 20.4 billion dollar contract last December to build four nuclear plants in the United Arab Emirates.



Partly Facetious: How about an NRO for Taliban!
ARTICLE (March 09, 2010): "Rehman Malik has given the abductors of the five-year-old British boy 48 hours to return the boy."



A farewell to Shaukat Tarin
ARTICLE (March 08, 2010): The Pakistani media has been almost unanimous in singing a dirge after the decision of Finance Minister Shaukat Tarin to resign was rather clumsily made public by the Prime Minister of this country - in an aside seconds prior to the commencement of the post-breakfast press briefing with the PML (N) leadership as a mike, unbeknown to him, was turned on.


  

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The Rupee
Interbank closing rates for dollar on Tuesday.
BuyingRs 84.50
SellingRs 84.55
All-round gains seen
8581.05  2.75
Sectoral Indices 
Market at Close
BRIndex-30 8,574.76
KSE-30 Index 10,257.84
KSE-100 Index 9,784.98
LSE-25 Index 3,081.63
ISE-10 Index 2,393.34
Gold Per 10gm 30,600.00
KCA Spot Rate 5,650.00
Libor Rate 0.39438
World Indices
Index Closing Chg%
DJIA 10,564.38 0.11
Nasdaq 2,340.68 0.36
S&P 1,140.45 0.17
FTSE 5,602.30 0.10
DAX 5,885.89 0.17
CAC-40 3,910.01 0.17
Nikkei 10,563.92 0.04
H.Seng 21,208.29 0.74
Sensex 17,098.33 0.27
NY Closing
Euro 0.7352
Sterling 0.6666
Swiss Franc 1.0751
Yen 89.911
Gold 1122.30
Cotton 80.330
Oil 81.49
Economic Indicators
Annual2008/09
Foreign Debt $50.1bn
Per Cap Income $1046
GDP Growth 2.0%
Average CPI 20.77%
MonthlyJanuary
Trade Balance $-1.62 bln
Exports $1.7 bln
Imports $3.32 bln
WeeklyMarch 04, 2010
Reserves $14.80 bln
 









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