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| September 27, 2006 | Wednesday | Ramazan 3, 1427 |
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SCBP becomes largest bank: Paid-up capital
KARACHI, Sept 26: Standard Chartered Bank has become the largest bank in Pakistan in terms of paid-up capital after the acquisition of Union Bank. Its paid-up capital is now higher than National Bank of Pakistan.... 
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Poultry prices touch new peak
KARACHI, Sept 26: On the eve of Ramazan the poultry dealers jacked up prices of live bird by Rs8 to Rs104 per kg from Rs96, suggesting that the government has no control on price movements of this industry....
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Fertiliser sales fall by 15pc in August
KARACHI, Sept 26: Fertiliser sales declined by 15 per cent during August 2006 according to the figures released by the National Fertiliser Development Centre (NFDC)....
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Early resumption of Doha talks urged
ISLAMABAD, Sept 26: The South Asian business community has urged Director General World Trade Organisation (WTO) Pascal Lamy to play a proactive role for early resumption of stalled negotiations on Doha...
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US senators to decide soon on China tariffs bill
WASHINGTON, Sept 26: Two US senators leading a drive to punish China over its currency regime said on Tuesday they would decide in the coming days on whether to proceed with a punitive tariffs bill....
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Shariah certificate awarded
KARACHI, Sept 26: Takaful Pakistan Limited, a leading Islamic insurance provider in the country, has been awarded ‘Shariah Compliance’ certification from its Shariah Supervisory Board (SSB)....
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IT, telecom firms eyeing Pakistan, says PM
ISLAMABAD, Sept 26: Prime Minister Shaukat Aziz said on Tuesday Pakistan was geared to become the regional centre and strategic market for software development and research and development activities in information technology....
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Sell-off plan reviewed
ISLAMABAD, Sept 26: A meeting of the Privatisation Commission Board here on Tuesday reviewed progress on all the transactions included in the privatisation programme for the fiscal year 2006-07 and took a number of decisions to expedite these transactions....
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Kuwait bans fish imports from Pakistan
KUWAIT CITY, Sept 26: The Gulf state of Kuwait on Tuesday slapped an indefinite ban on all fish imports from Iran and Pakistan on health grounds, Commerce and Industry Minister Falah al-Hajeri said....
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US consumer confidence rebounds
WASHINGTON, Sept 26: US consumers see a brighter economic picture ahead, shaking off some of the gloom of recent months linked to soaring energy costs, a survey showed on Tuesday....
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Dollar gains
LONDON: The dollar gained ground on the euro on Tuesday, powered by a larger-than-expected rebound in US consumer confidence....
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KSE index recovers overnight losses, up 53.28 points
KARACHI, Sept 26: The KSE 100-share index on Monday recouped the overnight loss on the strength of the oil sector but the broader market did not show signs of revival recovery owing to falling demand....
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Russia turns screws on foreign oil groups
MOSCOW, Sept 26: Russia on Tuesday turned up the heat on foreign oil companies operating in the country, telling Shell it would have to clean up environmental damage on Sakhalin Island and warning Total and TNK-BP of impending inspections....
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Oil mixed amid Opec pledge not to cut output
LONDON, Sept 26: World oil prices travelled in different directions on Tuesday after Opec signalled that it would not cut output before December to help strengthen crude futures....
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Cotton prices ease further
KARACHI, Sept 26: Cotton prices on Tuesday eased further from the recent highs on near-panic selling by ginners, as the arrival of phutti (seed cotton) continued to flood their ginneries for the last couple of days....
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Karachi Port operations
KARACHI, Sept 26: Five ships carrying palm oil, DAP fertiliser and chemicals are due to arrive at the outer anchorage on Wednesday, according to KPT sources....
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Iraq may again start buying costly US wheat
KANSAS CITY, Sept 26: High prices for American wheat are a concern for Iraq as it seeks fresh supplies for the country’s bread-making and other needs, but the war-torn country is...
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Port Qasim
KARACHI, Sept 26: Shipping activity remained brisk at the port where three ships carrying containers and diesel oil took berths during the last 24 hours, said a PQA press release here on Tuesday....
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Javed Rahim elected new BCCI president
QUETTA, Sept 26: Javed Rahim Paracha of Progressive Business Group was elected unopposed president of Balochistan Chamber of Commerce and Industry (BCCI) for the year 2006-07 here on Tuesday....
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Romania ready for industrial alliance
KARACHI, Sept 26: Romania is prepared to develop valuable industrial collaboration with the business community from Pakistan, Chamber of Commerce and Industry of Romania Vice-President Jose Iacobescu said on Tuesday....
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Kenya tea industry
MOMBASSA, Sept 26: Kenya must mechanise tea picking for the industry to survive spiralling production costs and diversify into products such as green tea that are attracting more demand worldwide, exporters said on Tuesday....
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Asian stocks close mostly lower
HONG KONG, Sept 26: Asian stocks closed mostly lower on Tuesday with profit takers cashing-up in late trade on early gains made on the back of an improved overnight performance by Wall Street....
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Gold prices higher
LONDON, Sept 26: Gold advanced more than one per cent on Tuesday tracking higher crude oil prices, but traders remained cautious in chasing prices higher ahead of the release of key US data....
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European shares climb
LONDON, Sept 26: European stock markets advanced on Tuesday, with the energy sector boosted by a slight recovery in crude oil prices, and after a bright overnight performance on Wall Street, dealers said....
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