THE KARACHI Stock Exchange benchmark share index ended marginally lower, with analysts saying investors wanted to see concrete action to bolster the economy.
The index rose for six consecutive years from 2002 and was one of the top performers in Asia during that period, but it has plunged 41 percent from a lifetime high in April.
The rupee closed at 76.45/55 to the dollar, unchanged from Monday's closing. It hit a record low of 77.45 on September 3 and has lost about 20 percent this year.
Zardari said the government would not seek an International Monetary Fund program but it would take IMF advice. "They will follow measures because we need to tighten our belt," he said.
Zardari also said he hoped his first foreign trip would be to China and he would go to the U.N. General Assembly session in New York.
Zardari's decision in August to begin impeachment proceedings against Musharraf led to the former army chief's resignation.
Zardari said parliament would decide on whether Musharraf should get an indemnity from any prosecution.
(Additional reporting by Augustine Anthony, Sahar Ahmed; Writing by Robert Birsel:Editing by Paul Tait)
(Reuter)
The index rose for six consecutive years from 2002 and was one of the top performers in Asia during that period, but it has plunged 41 percent from a lifetime high in April.The rupee closed at 76.45/55 to the dollar, unchanged from Monday's closing. It hit a record low of 77.45 on September 3 and has lost about 20 percent this year.
Zardari said the government would not seek an International Monetary Fund program but it would take IMF advice. "They will follow measures because we need to tighten our belt," he said.
Zardari also said he hoped his first foreign trip would be to China and he would go to the U.N. General Assembly session in New York.
Zardari's decision in August to begin impeachment proceedings against Musharraf led to the former army chief's resignation.
Zardari said parliament would decide on whether Musharraf should get an indemnity from any prosecution.
(Additional reporting by Augustine Anthony, Sahar Ahmed; Writing by Robert Birsel:Editing by Paul Tait)
(Reuter)