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Islamabad, Friday, September 10, 2010

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Kardar new SBP Governor

ISLAMABAD—The president of Pakistan has named Shahid Kardar the governor of the central bank for three years, State Bank of Pakistan spokesman Syed Wasimuddin said Thursday. The post has been lying vacant for more than three months.

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Stocks flat, rupee weakens

KARACHI—Pakistani stocks ended almost flat on Thursday as investors stayed on the sidelines ahead of the long weekend because of the Muslim festival of Eid-ul-Fitr, dealers said. Markets will be closed from Friday and reopen on Tuesday. The Karachi Stock Exchange, benchmark 100-share index .KSE ended 0.12 percent, or 11.80 poin

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Euro zone on brink of sustainable recovery

LUXEMBOURG—The euro zone is on the brink of a sustainable recovery and the European Central Bank is likely to discuss removing some support measures at its December meeting, Governing Council member Yves Mersch said on Thursday.

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		Global competitiveness ranking reflects difficult
		Chinese commodities slide drags metals lower