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| November 28, 2006 | Tuesday | Ziqa'ad 6, 1427 |
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Textile machinery allowed from India: Ministry issues SRO
KARACHI, Nov 27: The Pakistan government has allowed the import of most of the textile machinery from India under a recently extended positive list of importable items.... 
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SBP gives in on software procurement issue
KARACHI, Nov 27: The State Bank has been pushed to suspend its decision barring the banks from spending above certain amount in procurement of IT solutions....
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CBR fails to improve NTN system
ISLAMABAD, Nov 27: The Central Board of Revenue (CBR) has failed to reform the reporting system of the National Tax Numbers (NTNs) despite divergence of huge resources to streamline the information management system of the tax machinery....
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No sting in notices to 88 brokers
KARACHI, Nov 27: The notices served by the Securities and Exchange Commission of Pakistan to 88 stock brokers, following the opposition’s demand after the release of forensic investigation report last week, are more of a bark than a bite....
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Banks hiring ‘goons’ to recover auto loans
KARACHI, Nov 27: With the sharply increasing delinquency ratio of 5 to 10 per cent on auto-leasing the banks have come up with employing goons in the recovery operations to settle with their defaulting customers, it has transpired....
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Value-added textile bodies to form group
LAHORE, Nov 27: Leaders of four bodies representing garments and apparels manufacturers and exporters are scheduled to meet in Karachi on Wednesday to forge an “informal alliance” and form a group...
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Packers plan increase in ghee, oil prices
KARACHI, Nov 27: Consumers will have to bear a second increase in prices of branded ghee and cooking oil within a short span of six months....
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Stock market undergoes technical correction
KARACHI, Nov 27: Stocks on Monday ran into technical selling at last week’s inflated levels but the two-way activity was relatively slow as was reflected by sharp fall in the turnover figure....
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30-year govt bond
KARACHI, Nov 27: Pakistan plans to issue a 30-year government investment bond and the new paper will be sold for the first time at the next long-term bond auction, a senior finance official said on Monday....
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Oil prices up
LONDON, Nov 27: World crude prices rose on Monday after oil kingpin Saudi Arabia suggested that Opec might need to cut output further at its next meeting in December, analysts said....
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Lint prices stay firm on active demand
KARACHI, Nov 27: Cotton prices on Monday remained stable around the previous levels but some of the fine lots were sold higher by Rs25 per maund on active mill demand....
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Accountants’ moot held in Turkey
KARACHI, Nov 27: World Congress of Accountants was held in Istanbul, Turkey early this month at which 5,000 delegates from 120 countries participated, a member of the Pakistan delegation who returned recently said on Monday....
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Third ECO ministerial meeting today
LAHORE, Nov 27: Industries and Production minister Jahangir Khan Tareen will preside over the third three-day ministerial meeting of the Economic Cooperation Organisation (ECO) on industrial development due to begin on Tuesday....
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Karachi Port operations
KARACHI, Nov 27: Five ships carrying steel, tallow and containers are expected to arrive at the outer anchorage on Tuesday, according to KPT sources....
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Visit
KARACHI, Nov 27: A delegation of the Chamber of Commerce and Industry of Russian Federation is visiting Pakistan in the first week of next month. During their five-day stay, the delegation will establish Russia-Pakistan Business Council....
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Fuel oil tender
SINGAPORE, Nov 27: Pakistan State Oil has awarded its regular import tender for up to 780,000 tons of high-sulphur fuel oil for December-February delivery at lower premiums, traders said on Monday....
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CEO for Smeda
KARACHI, Nov 27: The Union of Small and Medium Enterprises (Unisame) has urged the government to appoint a chief executive officer for the Smeda from the private sector in order to make the body more pragmatic and realistic towards SMEs issues....
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Appointed
KARACHI, Nov 27: Proctor and Gamble has appointed Syed Qaiser Shareef as country manager, Pakistan, says a press release....
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Licences revoked
KARACHI, Nov 27: The deputy collector of customs of Appraising Intelligence Branch (AIB) has revoked licences of 37 customs agents and fined Rs15,000 per goods declaration (GD)....
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Palm oil up
KUALA LUMPUR, Nov 27: Malaysian crude palm oil futures closed up 2.4 per cent on Monday, after hitting their highest level in more than 2 1/2 years because of firm soyaoil prices....
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