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ImageThe head of the United Nations High Commissioner on Refugees (UNHCR) mission in Afghanistan Peter Nicklaus acknowledged what he termed 'the biggest mistake' ever made by the entity he serves: "we thought if we gave humanitarian assistance then macro-development would kick in ... it's the income that counts, the livelihood. In very simple terms we need to find jobs for the people coming back."

ImageWhether the glass is half empty or half full, the Pakistan-India talks on conventional and nuclear weapons confidence-building measures (CBMs) held in Islamabad this week failed to offer a clear reply to this question. The two-day expert level talks moved both ways. While it showed clear move in certain areas in some others it copiously projected Indian intransigence by sticking to the status quo.
ImageFinancial institutions of a country play a vital role in its development by channelising national savings into investment. The level of efficiency at which they can play such a role is, therefore, very important for the policymakers of a country, particularly the monetary authorities who are charged with the responsibility of looking after its banking system.
ImageLahore being the hardest hit by a dengue fever epidemic earlier this year, the Lahore Development Authority (LDA) is getting ready for another spell, which is likely to start in the second week of February and last till the first week of April. The other day, the LDA hosted an awareness seminar on "Causes and Prevention of Dengue Fever", where its Director General noted that it is not a disease but a social problem, which can be controlled by involving the community. He advised the people to make use of anti-mosquito sprays in their homes and offices.
ImagePresident Zardari's moves have never been easy to figure out; so is his speech he made at the graveside of Benazir Bhutto before a large crowd that had gathered there to grieve her fourth death anniversary. To some, it is the last hurrah of a man who has decided to go down fighting. "We want to live in history and not in headlines," he declared, committing himself to follow the path of Aung San Suu Kyi. But to many others, President Zardari has tried to bring down the political temperature that had shot up many degrees in the wake of over-heated political scenario in general and the Memogate case in particular.
ImageSyed Ahmed Mujtaba Gilani, the brother of Prime Minister Yousuf Raza Gilani, revealed that more than 150,000 youths have been trained under the PM's Hunarmand Pakistan programme and are now part of the country's human resource pool. Few would challenge the need for such a programme though many may well challenge the qualifications of the Prime Minister's brother to run it or indeed the numbers he claimed had been trained.
ImageIt was good to know that while some of the multilateral financial institutions were reluctant to offer assistance to Pakistan due to a variety of reasons, World Bank continues to be actively engaged with the country and had no such inhibitions. According to its latest announcement, it has agreed to lend up to $5.5 billion to the country over three years under a new lending strategy focused on boosting the economy and helping the poorer, less integrated regions including the tribal areas near the Afghan border.

China Wholesale

brindex
9098.8   Arrow 29.37
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Banking Review 2011


The Wall

ArrowEuro 1.3158
ArrowSterling 1.5815
ArrowSwiss Franc 0.9182
ArrowYen 76.6015
ArrowGold 1740.300
ArrowCotton 96.340
ArrowOil 97.840
Index Closing Chg%
Arrow DJIA 12,862.20 1.23
Arrow Nasdaq 2,905.66 1.61
Arrow S&P 1,344.90 1.46
Arrow FTSE 5,901.07 1.81
Arrow DAX 6,766.67 1.67
Arrow CAC-40 3,427.92 1.52
Arrow Nikkei 8,831.93 0.51
Arrow H.Seng 20,757.00 0.08
Arrow Sensex 17,605.00 0.99

The Rupee

Interbank closing rates for dollar on Saturday.
BuyingRs 90.40
SellingRs 90.45
Rates keep coming down

Annual2010/11
Foreign Debt $59.53bn
Per Cap Income $1254
GDP Growth 2.4%
Average CPI 14.10%
MonthlyDecember
Trade Balance $-2.41 bln
Exports $1.85 bln
Imports $1.26 bln
WeeklyJanuary 26, 2012
Reserves $16.802 bln
ArrowBRIndex-30 9,104.17
ArrowKSE-30 Index 11,258.08
ArrowKSE-100 Index 11,982.62
ArrowLSE-25 Index 3,122.96
ArrowISE-10 Index 2,627.71
ArrowGold Per 10gm 50,914.00
ArrowKCA Spot Rate 5,700.00
ArrowLibor Rate 0.76850

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