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| November 23, 2006 | Thursday | Ziqa'ad 1, 1427 |
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Moody’s upgrades Pakistan bond rating: Risks identified
ISLAMABAD, Nov 22: Moody’s Investors Service on Wednesday upgraded Pakistan’s foreign and local currency government bond ratings to B1 from B2, but expressed "reservations concerning the deteriorating current account balance, persistent inflationary pressures and a relaxation of fiscal policy".... 
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Farm lands value around Karachi cut drastically
KARACHI, Nov 22: The Sindh Revenue Board has announced valuation of agricultural lands around Karachi for the purpose of levy of stamp duty on registration of sale deeds....
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OGDC share offering to be ‘up to’ 15pc
KARACHI, Nov 22: As the book building process of the offer for shares of Oil and Gas Development Company Limited (OGDC) to international investors is underway, an official of the Privatisation...
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Rs4.4bn loans to 101 industrialists written off: ZTBL chief briefs PAC
ISLAMABAD, Nov 22: President of Zari Taraqqiati Bank (ZTBL) R A Chughtai on Wednesday admitted that corruption, nepotism and an ageing batch of officers had plagued the bank, which wrote off...
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Pakistan may import 2m bales of cotton
KARACHI, Nov 22: The country may have to import around two million bales of cotton even after harvesting the estimated 12.7 million bales during the current season 2006-07....
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Islamic states asked to reform tax system
ISLAMABAD, Nov 22: Prime Minister Shaukat Aziz has asked tax officials of the Islamic countries to address rampant malpractices by reducing human interface and taking away the discretionary powers of tax collectors....
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PS board okays Rs1.4bn for repairs
ISLAMABAD, Nov 22: The Board of Directors of Pakistan Steel Mills Corporation here on Wednesday approved Rs1.4 billion ($23 million) for carrying out "critical repairs" in order to increase mills'' production from 62 per cent to 90 per cent annually....
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Sugar price falls
KARACHI, Nov 22: The retail price of sugar has fallen to Rs33-34 from Rs35-36 per kg on November 1 after a declining trend at the wholesale stage during the last one week....
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Stocks gain 23 points on institutional support
KARACHI, Nov 22: Leading shares on Wednesday finished with an extended gain on active follow-up support after investors have an overview of the US experts forensic investigation report and termed it positive, ending prevailing uncertainty about its contents....
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Active trading on cotton market
KARACHI, Nov 22: Trading activity on the cotton market was fairly active as spinners and mills continued to build up long positions at the current rates....
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SBP suspends earlier circular
KARACHI, Nov 22: The State Bank on Wednesday suspended an earlier circular which barred banks from procurement of software and IT solutions....
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Exporters seek early release of Rs17bn ST refunds
ISLAMABAD, Nov 22: Textile exporters have requested the prime minister to direct the Central Board of Revenue (CBR) to make immediate payment of sales tax refunds of Rs17bn pending for the last two years....
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Yields on T-bills unchanged
KARACHI, Nov 22: The State Bank of Pakistan kept cut-off yields unchanged on treasury bills in an auction held on Wednesday, suggesting that there was no sign of easing of tight monetary policy in the near-future....
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Palm oil lower
KUALA LUMPUR, Nov 22: Malaysian crude palm oil futures closed marginally lower on Wednesday, as players took profits after a strong rally, but the decline was limited by firm soyaoil prices....
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European shares
LONDON, Nov 22: European stock markets rose on Wednesday, with the aerospace sector grabbing investors'' attention on the eve of public holidays in both the United States and Japan, dealers said.London''s...
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Asian stocks higher
HONG KONG, Nov 22: Asian stocks rallied to a sharply higher close on Wednesday with investors moving in after a meek and mixed performance by the markets over the past week....
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Port Qasim
KARACHI, Nov 22: Brisk shipping activity was witnessed at the port where three ships carrying containers, chemicals, and diesel oil were accommodated on berths at QICT, Engro Vopak terminal and Fotco...
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Karachi Port operations
KARACHI, Nov 22: Two vessels carrying containers are due to arrive at the outer anchorage on Thursday, according to KPT sources....
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