Tuesday February 09, 2010 
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Zardari hopes reforms package to be finalised by month-end
RECORDER REPORT
ISLAMABAD (March 10 2010): President Asif Ali Zardari on Tuesday said the 1973 Constitution would be restored in its real form by the end of next month if the reforms process is completed by the Parliamentary Committee on Constitutional Reforms headed by Senator Raza Rabbani.

Addressing the award ceremony of All Pakistan Newspaper Society (APNS) here, the President said he himself surrendered the power of Command and Control Authority to the Parliament. Zardari lauded the role of media for the restoration of the democracy. He said Zulfiqar Ali Bhutto and Benazir Bhutto had sacrificed their lives for democracy. He said substantial progress was made pertaining to investigation into the killing of Benazir Bhutto.

Zardari said some political forces had advised him to boycott the elections following the assassination of Benazir Bhutto. But the Pakistan People's Party decided against the boycott and as a result the country has democracy today.

He said PPP government had allowed import of paper print in 1988. He said that criticism is the beauty of the democracy and also guides the government on time. The President said the government has constituted a committee of the APNS to resolve the issue of advertisement.

According to official handout, President Zardari expressed the hope that the constitutional reforms package will be finalised by the end of current month. Spokesperson to the President former Senator Farhatullah Babar said a misunderstanding had arisen whether the President had spoken of constitutional reforms by the end of the current month or end of the next month. The spokesperson said President Zardari has all along hoped that the Constitutional reforms will be finalised this month.

Copyright Business Recorder, 2010


   
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The Rupee
Interbank closing rates for dollar on Thursday.
BuyingRs 85.70
SellingRs 85.75
Market uncertain
7481.03  73.24
Sectoral Indices 
Market at Close
BRIndex-30 7,541.30
KSE-30 Index 9,662.12
KSE-100 Index 9,879.33
LSE-25 Index 3,120.66
ISE-10 Index 2,553.13
Gold Per 10gm 34,157.00
KCA Spot Rate 6,400.00
Libor Rate 0.49669
World Indices
Index Closing Chg%
DJIA 10,415.24 0.27
Nasdaq 2,236.20 0.33
S&P 1,104.18 0.48
FTSE 5,494.16 1.20
DAX 6,221.52 0.93
CAC-40 3,722.15 1.22
Nikkei 9,239.17 1.55
H.Seng 21,257.39 0.43
Sensex Market Closed
NY Closing
Euro 1.2696
Sterling 1.5426
Swiss Franc 1.0153
Yen 83.9380
Gold 1246.50
Cotton 90.460
Oil 74.73
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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