Pakistan news of May 10, 2008
2008-05-10 16:13:35 (GMT) (Caymanmama.com - Pakistan News News)Pakistan news of May 10, 2008
Deadlock on the judiciary restoration issue – Nawaz / Asif meeting in London did not bring results
Nation waits for May 12, PML – N to decide their position by the D-day
Rupee value slips against Dollar
Debate on need of new foreign policy ends
Stocks market falls due to the fall in value of Pakistani rupee
Deadlock on the judiciary restoration issue – Nawaz / Asif meeting in London did not bring results
London: The meeting of the party leader to finalize the restoration of judges did bear results. Nawaz Sharif left after the meeting saying that he will wait till May 12 for the decision from Asif Ali Zardari after which he will be deciding the course of action.
Nation waits for May 12, PML – N to decide their position by the D-day
Islamabad: The chief of Pakistan Muslim League (N) has sent message to it coalition partners that they will quit the alliance if the points set in Murree declaration about the restoration of judiciary are not complied with. The party members will be meeting on May 12, 2008 to decide the future.
Rupee value slips against Dollar
Karachi: The Pakistani rupee fell against dollar by 3.5% yesterday. The value of Rupee touched 69.45 per one dollar. The State Bank of Pakistan stepped in to stop the down slide to gain the level of 66, but this step taken by the governing bank was short lived. With the fresh down slide in the value of Rupee, inflation can be seen knocking the doors.
Debate on need of new foreign policy ends
Islamabad: The need to refresh Pakistan’s foreign policy and looking towards east was stressed by the Foreign Minister Shah Mahmood Qureshi. The Eastward drift in the foreign policy would not mean that the government will retrace its steps on the international commitment and work with its allies on war against terror but will not compromise on the national interests.
Stocks market falls due to the fall in value of Pakistani rupee
Karachi: The KSE-100 index lost 160 points yesterday. Index stood at 14,228.67 at the end of the day trading session. The falling value of the local currency overshadowed the trading sentiments.
For more details on the above Pakistan News of May 10, 2008 visit: http://www.dawn.com/2008/05/10/index.htm
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