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| November 09, 2006 | Thursday | Shawwal 16, 1427 |
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Dwindling reserves threatening economy
ISLAMABAD, Nov 8: With higher imports and slowing down privatisation, the foreign exchange reserves have started to deplete alarmingly and could cover just three to four months of imports from about nine-month coverage two years back, Dawn has learnt.... 
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Inclusion of PSF in DTRE scheme sought
KARACHI, Nov 8: Exports of blended value-added textile goods is declining owing to high cost of polyester staple fibre (PSF) which had been removed in the last budget from the Duty and Tax Remission Rules for Export (DTRE) scheme....
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Cement sector turns loser at bourses
KARACHI, Nov 8: Cement sector has turned the underdog of the stock market. The fact that only a couple of months ago for the financial year ended June 30, 2006 cement sales had touched 18.4...
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SBP to set up task force for Islamic banking
KARACHI, Nov 8: The State Bank has decided to establish a task force for Islamic banking aimed to sustain its long-term growth and increase its market share, said Governor State Bank Dr....
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Hungary to invest in energy, telecom sectors
ISLAMABAD, Nov 8: Hungary is considering an investment framework to help its investors invest in Pakistan''s various fields, including oil and gas and telecom sectors. "We have decided to greatly facilitate...
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Stocks lose 44 points amid volatile trading
KARACHI, Nov 8: Stock market on Wednesday failed to extend the overnight recovery as follow-up support turned shy owing to some negative news including killing of three dozen army men in a terrorist attack and some CFS-related technical factors....
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LPG prices decline on low demand, more imports
KARACHI, Nov 8: Price of liquefied petroleum gas (LPG) has further gone down to Rs45-47 per kg from Rs50-51 prevailing towards the end of last month (October)....
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State Bank sucks in Rs44.8bn
KARACHI, Nov 8: The State Bank picked up Rs44.883 billion through auction of treasury bills on Wednesday but no significant change was witnessed in the cut-off yields of the papers....
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Oil prices climb
LONDON, Nov 8: World oil prices rose strongly on Wednesday following a larger-than-expected fall in US stocks of distillates, which includes heating fuel, ahead of the peak-demand northern hemisphere winter....
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CNG buses, tractors exempted from WT
ISLAMABAD, Nov 8: The Central Board of Revenue (CBR) on Wednesday exempted CNG buses and agricultural tractors from six per cent withholding tax on import. The decision was announced through an...
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Global piracy
DAKAR, Nov 8: The year 2006 is set to become a record year for counterfeit and pirated products, ranging from fashion accessories to recorded music, Senegal''s customs chief told an international forum on piracy on Wednesday....
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Lint prices maintain firm outlook
KARACHI, Nov 8: Steadier conditions prevailed on the cotton market on Wednesday as spinners and mills continued to build-up long positions at the prevailing prices. Bulk of the ready off-take again...
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Pakistan to participate in next Europasia
KARACHI, Nov 8: To rise up to its role of driver of development the private sector needs to focus on the productivity and competitiveness in Pakistan....
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IBA’s centre of excellence
KARACHI, Nov 8: Setting up of a new centre for entrepreneurial excellence at the Institute of Business Administration (IBA) will help train young managers in the latest management techniques....
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Karachi Port operations
KARACHI, Nov 8: Four ships carrying palm oil and containers are expected to arrive at the outer anchorage on Thursday, according to KPT sources....
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Palm oil lower
KUALA LUMPUR, Nov 8: Malaysian crude palm oil futures closed lower on Wednesday as players took gains from a recent rally that lifted prices to two-year highs....
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Asian stocks tumble
HONG KONG, Nov 8: Asian stocks tumbled on Wednesday as investors fled to the sidelines and waited as voters in the United States went to the polls for congressional elections....
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Karachi market rates
KARACHI, Nov 8: The following were Wednesday’s commodity market rates in rupees....
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