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| November 16, 2006 | Thursday | Shawwal 23, 1427 |
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Demand for petrol unlikely to pick up: Furnace oil sales rise
KARACHI, Nov 15: Petrol sales remain depressed during July-October 2006 recording seven per cent decline over the corresponding period of last year owing to rising conversion of vehicles into CNG and LPG.... 
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Plan for development of auto industry unveiled
ISLAMABAD, Nov 15: The government has unveiled a pre-determined five-year tariff under the Auto Industry Development Plan (AIDP) to increase production turnover of the auto industry and annual export of parts to $10 billion (Rs600bn) and $650m (Rs39bn) respectively by 2011....
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Millers seek govt intervention: Short supply of sugarcane
KARACHI, Nov 15: Short supply of sugarcane is making Sindh sugar mills’ operations unviable and may even result in temporary winding-up of crushing, which only started in the first week of this month....
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US investigators find badla, CFS not different
ISLAMABAD, Nov 15: A US team of forensic investigators who arrived here in July to probe the March 2005 market crash were baffled by badla system and took more than two months to understand it....
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Rupee slips to 2-year low against dollar
KARACHI, Nov 15: The rupee fell to a two-year-low against the dollar on Wednesday on rising demand for the US currency for import and debt payments, but dealers said the rupee was unlikely to fall further in the near-term....
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Stocks lose half of overnight gains
KARACHI, Nov 15: Stocks on Wednesday again turned lower as follow-up support turned shy in the absence of leading market players including financial institutions and punters....
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Tuna fish stocks depleting
KARACHI, Nov 15: Pakistan Fisheries Association has again drawn the government attention towards depletion of tuna fish stocks at an alarming rate in the Pakistan territorial sea zone because of, what...
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Oil prices increase ahead of US report
LONDON, Nov 15: World oil prices rose on Wednesday ahead of a weekly US energy report which was forecast to show falling heating fuel stockpiles in major consumer, the United States, dealers said....
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Exports hit by goods transporters’ strike
KARACHI, Nov 15: Strike call by goods transporters for an indefinite period has paralysed export trade as trucks and trailers are not available for the haulage of consignments from factories to the port....
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CBR to dispose of 12,000 tax appeals
ISLAMABAD, Nov 15: The Central Board of Revenue (CBR) will work quickly to dispose of the remaining 300 tax appeals pending in the Supreme Court to facilitate the taxpayers....
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Eurozone
BRUSSELS, Nov 15: Eurozone industrial output was weaker than expected in September, falling 1pc over one month and rising 3.3pc over 12 months, data released on Wednesday by the EU''s Eurostat data agency showed....
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Active buying on cotton market
KARACHI, Nov 15: Firm trend was witnessed on the cotton market on Wednesday as spinners and mills continued to make panic buying around the current levels amid fears of a short crop....
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Mobilink completes $250m bond offering
KARACHI, Nov 15: Mobilink, a part of the Orascom Telecom group, had priced and placed $250 million of Senior Notes due in the year 2013, a company press release issued on Wednesday stated....
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Airblue to buy two planes
KARACHI, Nov 15: The Airblue airline on Wednesday signed a contract to purchase two Airbus A320 aircraft. The airline is currently negotiating for four more such planes....
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Karachi Port operations
KARACHI, Nov 15: Four ships carrying containers, crude oil and high speed diesel are due to arrive at the outer anchorage on Thursday, according to KPT sources....
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Live Securities branch
Karachi, Nov 15: Live Securities (Pvt) Ltd, a corporate member of the Karachi Stock Exchange, opened a branch in Hyderabad. According to a press release Sindh Assembly Speaker Muzaffar Hussain Shah inaugurated the new branch....
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Romanian deputy PM
KARACHI: Romanian Deputy Prime Minister Bogdan Pascu arrived here on a 6-day official visit on Wednesday. The Romanian deputy premier is accompanied by a delegation of 11 leading businessmen, representing top...
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European shares up
LONDON, Nov 15: European stock markets rose strongly on Wednesday as investors took their lead from record performances on Wall Street and in Hong Kong....
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Palm oil higher
JAKARTA, Nov 15: Indonesian palm oil prices moved higher on Wednesday responding to sharp gains in the neighbouring Malaysian market and strong local demand amid fears of tight supply due to unfavourable weather....
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Karachi market rates
KARACHI, Nov 15: The following were Wednesday’s commodity market rates in rupees....
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