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TCP to float tenders for sugar
ISLAMABAD, Nov 8: To facilitate early payment of arrears to the growers, inject liquidity into the sugar mills and also to protect interest of all the stakeholders, including growers, consumers and... 
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Chinese garments swarm local market
KARACHI, Nov 8: This year, it will be Eidul Fitr for the Chinese fabric and children garment makers as their items have swarmed the local markets through illegal channels....
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Banks, DFIs still glued to stock market
KARACHI, Nov 8: Banks and development finance institutions did retract from the stock market when the equity price bubble burst in September-October, but the pace of their retreat was very slow....
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China to extend $500m credit
ISLAMABAD, Nov 8: China will provide a credit line of $500 million to Pakistan on soft-term basis, which will be utilized for the projects to be undertaken with the assistance of...
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SPI declines by 0.38pc
ISLAMABAD, Nov 8: Federal Bureau of Statistics (FBS) on Saturday reported a 0.38 per cent decline in Sensitive Price Indicator (SPI) during the week ending Nov 6, 2003 which also saw...
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Constitution of new NFC award shortly
KARACHI, Nov 8: The federal government is understood to have given approval to the name of Dr Gulfaraz Ahmad as non-statutory private member of Balochistan on the National Finance Commission, sources...
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OGDCL granted 2 exploration licences
ISLAMABAD, Nov 8: The government on Saturday granted two petroleum exploration licences to the Oil and Gas Development Company Limited over Block No 3372-17 (Dhudial) Zone 1, covering an area of...
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Trade team to leave for India on 11th
KARACHI, Nov 8: A 70-member trade delegation representing wide-range of industries is scheduled to leave for India via Lahore on November 11 to participate in 7-day international trade fair in Delhi....
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10pc export tax on yarn sought
KARACHI, Nov 8: The textile associations representing value-added sector have demanded an export tax of at least 10 per cent on yarn and total abolition of refinance facility on its export...
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IPO to open tomorrow
ISLAMABAD, Nov 8: The initial public offering (IPO) of shares of Oil and Gas Development Company Limited for the public subscription will be formally opened from Monday (Nov 10)....
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Budget deficits and developmental spending
KARACHI, Nov 8: The Public Sector Development Programme has a multiplier effect, more so in emerging markets and “crowds in” private investment. It improves economic growth rates and per capita incomes....
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Russia, China, S.Korea to finalize mega gas project
SEOUL, Nov 8: Russia, China and South Korea will decide next week on whether to include energy-starved North Korea in a $11 billion project to pipe Siberian natural gas into the...
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US Senate eyes Internet access deal
WASHINGTON, Nov 8: US senators on Friday abandoned an attempt to vote on a bill to permanently ban Internet access taxes but said they hoped to agree by next week on...
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Bank of America cuts investment staff
NEW YORK, Nov 8: Bank of America Corp, the No. 3 US commercial bank, said on Friday it was reducing its investment banking staff by about 1.5 per cent as part...
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Canadian spot natural gas prices fall
SAN FRANCISCO, Nov 8: Canadian benchmark spot natural gas prices fell on Friday on lighter weekend energy demand and weaker US physical gas prices, reversing the previous day’s gains....
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Norwegian, French firms join bidders for Iran’s oilfield
TEHRAN, Nov 8: French oil giant Total and Norway’s state-run oil firm Statoil have joined talks for contracts to develop Iran’s massive Azadegan oil field, the state news agency IRNA reported...
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NY gold up despite jobs growth
NEW YORK, Nov 8: COMEX gold ended higher on Friday, rescued by short covering in rumor-filled trade after safe-havens fell on the best evidence yet that the US economic recovery had...
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Egypt, India ink long-term deal for wheat, sugar
INDORE, Nov 8: Egypt has finalised a long-term agreement with India to buy wheat and sugar in exchange for items like rock phosphate and cotton, a senior Indian official said on...
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Dollar drops in profit-taking move after jobs data
NEW YORK, Nov 8: The dollar fell on Friday, giving up gains built on stronger-than-expected US jobs report as investors who bid up the greenback ahead of the data decided to...
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WTO panel to probe Mexico duty on US rice
WASHINGTON, Nov 8: The World Trade Organization has established a dispute settlement panel to investigate US allegations that a Mexican anti-dumping duty on American rice is illegal, the US Trade Representative’s...
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