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European stocks stable as France awaits government LONDON: Europe's main stock markets held steady on Tuesday, with Paris awaiting the formation of a new government and London returning from a long holiday weekend.The French CAC 40 benchmark index dipped 0.07 percent to 4,339.15 compared with Monday, when it rallied 2.10 percent despite the government's collapse.Frankfurt's DAX 30 retreated 0.39 percent to 9,472.90 points, having soared 1.83 percent the previous day.London's FTSE 100 index however rose 0.21 percent to 6,789.73 points compared with Friday's close, as traders played catch-up after Monday's public holiday.French and German equities jumped on Monday after European Central Bank chief Mario Draghi had hinted the prospect of quantitative easing at the Jackson Hole Symposium in Wyoming.The comments eclipsed news of a major political crisis in France, which has the second-biggest economy in the eurozone after Germany. "The CAC may be outperforming the DAX, but it's still looking to be rather middle-of-the-road in terms of ...

PM, COAS for resolving ongoing issue expeditiously in best national interest ISLAMABAD: Chief of Army Staff General Raheel Sharif on Tuesday called on Prime Minister Muhammad Nawaz Sharif here at the PM House and discussed the overall security situation.A statement from the Press Wing of the PM House said they discussed the "prevailing situation"."There was a consensus on the need to resolve the ongoing issue expeditiously in the best national interest," the statement said.Copyright APP (Associated Press of Pakistan), 2014

Treason Case: Hearing adjourned till 2nd September ISLAMABAD: The sit-ins of Pakistan Awami Tehreek (PAT) and Pakistan Tehreek-e-Insaf (PAT) at the Red Zone area of the federal capital caused the hearings of the treason trial against former President Pervez Musharraf to be adjourned without any proceedings on Tuesday (today).The case was heard in the Federal Shariat Court building today.Farough Nasim Counsel for Pervez Musharraf had pleaded to the court yesterday to give a new date for the hearing as it will be ...

Abdullah threatens to pull out of Afghan election audit KABUL: Afghan presidential candidate Abdullah Abdullah on Tuesday threatened to pull out of an audit of votes cast in the election, a move that could wreck UN efforts to rescue the country's first democratic transfer of power."If they accept our demands by tomorrow morning we will continue the process, if not, we will withdraw from the process and consider it finished," Fazel Ahmad Manawi, a senior member of Abdullah's campaign team, told reporters.He said Abdullah's ...

Russian military sources say soldiers crossed Ukraine border 'by accident' MOSCOW: Russian military sources quoted by state agencies on Tuesday said that Russian troops captured by Kiev and shown on Ukrainian television had crossed the border accidentally."The soldiers were really taking part in patrolling a section of the Russian-Ukrainian border, they crossed it most likely by accident, on an unequipped, unmarked section," a defence ministry source was quoted as saying by three Russian news agencies.Copyright AFP (Agence France-Presse), 2014

SC directs PTI, PAT to ensure free movement on Constitution Avenue ISLAMABAD: The Supreme Court on Monday directed Pakistan Tehreek-e-Insaf (PTI) and Pakistan Awami Tehreek (PAT) that they should consult with their leaders and then sit together with the attorney general to find a solution to vacate constitution avenue till tomorrow (Tuesday).The five-member larger bench headed by Chief Justice Nasir-Ul-Mulk heard the identical petitions filed by the presidents of Supreme Court Bar Association (SCBA) and High Court Bar Association, Multan Bench seeking the apex court's direction ...


Index Closing Chg%
Arrow DJIA 17,106.70 0.17
Arrow Nasdaq 4,570.64 0.29
Arrow S&P 2,000.02 0.11
Arrow FTSE 6,822.76 0.70
Arrow DAX 9,588.15 0.82
Arrow CAC-40 4,393.41 1.18
Arrow Nikkei 15,521.22 0.59
Arrow H.Seng 25,074.50 0.37
Arrow Sensex 26,442.81 0.02

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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.311 bln
Exports $2.027 bln
Imports $4.338 bln
WeeklyAugust 25, 2014
Reserves $13.925 bln