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A troubled border: near the Afghanistan- Pakistan frontier |
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Pakistan lost no time in reacting to the terrorist attacks on the US. The Securities&Exchange Commission in Karachi ordered an immediate shutdown of the stock exchange for the first three trading days of the week following the attacks, after the markets went into free fall.
“They realized that Pakistan had once again become a frontline state,” says a banker in Karachi. “The government is clearly bracing itself for short-term turmoil in the financial markets.”
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