Latest Pakistan news of September 11, 2009

President Zardari criticizes Obama Administration policy of linking Pakistan - Afghanistan
US must give drone technology to Pakistan - Musharraf
Pakistan inflation tracks back to 20 months low - State Bank of Pakistan considers interest rate cut
Turing backs from Pakistan and Afghanistan would be disastrous - Pentagon officials
Early profit taking mars KSE trading - Index down by 88.79 points

President Zardari criticizes Obama Administration policy of linking Pakistan - Afghanistan

Islamabad (Dawn.com): ‘Afghanistan and Pakistan are distinctly different countries and cannot be lumped together for any reason,’ said the Pakistani President during an interview with Financial Times. The Pakistani president was critical of the Obama Administration policy of linking Afghanistan and Pakistan to end Taliban insurgency. A clear unwillingness of aligning joint framework policy with the neighboring Afghanistan, which is referred to AfPak by the US officials, reflected from President Zardari’s words.

US must give drone technology to Pakistan - Musharraf

Washington (Dawn.com): Former Pakistan President, Musharraf, told Fox News that US must transfer drone technology to Pakistan. The reason cited by him for such technology transfer is to help Pakistan take the top Al-Qaeda and Taliban targets in the country. He said, ‘I personally believe that drones should be given to Pakistan because the sensitivity is American troops or any foreign troops coming into Pakistan.’

Pakistan inflation tracks back to 20 months low - State Bank of Pakistan considers interest rate cut

Islamabad (Dawn.com): The inflation rate that touched its highest in October this year by over 25% receded to the 20 months lowest in August. The reports issued by Federal Bureau of Statistics show that since October the CPI dropped by 10.69%. The improvement in food supply is cited to be the reason of the drop in inflation rate. Taking benefit of decline in inflation State Bank of Pakistan is considering interest rate cut to accelerate the ailing economic growth.

Turing backs from Pakistan and Afghanistan would be disastrous - Pentagon officials

Washington (Dawn.com): Pentagon press secretary was talking to press about the Pakistan and Afghanistan situation. He told the newsmen that, ‘If indeed we were to turn our backs on Afghanistan again, and in the process essentially turn our backs on Pakistan again, that it would be a road to disaster.’ ‘We have to show our friends and allies, whether it be Pakistan or any of the other central Asian nations, that we are committed to them, that we are their friends and allies. And we are not going to turn our backs as we have in the past.’

Early profit taking mars KSE trading - Index down by 88.79 points

Karachi (Business Recorder): After a bull run a day earlier, the investors at the Karachi Stock Exchange resorted to heavy selling. Although the market opened with a positive note the positivism turned sour as the investors started to offload their holding. As a result the KSE-100 index declined to 8,991.19 at the end of the day.

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