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| December 02, 2006 | Saturday | Ziqa'ad 10, 1427 |
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OGDC GDS sold cheap to investors: Market reaction
KARACHI, Dec 1: Except the government, everyone at the market thought that shares in Oil and Gas Development Company Limited (OGDC) to international investors had been sold cheap.... 
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Prices of onion, tomato, ghee, pulses rise
KARACHI, Dec 1: Consumers paid higher price last month to buy onion, tomato, garlic, ghee and cooking oil, butter, and some pulses, while they enjoyed some relief by paying less for poultry products, moong, potato etc....
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Moratorium on taxes sought
KARACHI, Dec 1: The industry is seeking moratorium on non-revenue taxes, levies and surcharges to make the products competitive in the world market and help arrest the rapidly falling exports of...
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SBP annual report being released today
KARACHI, Dec 1: The State Bank of Pakistan’s annual report for 2005-06 is being released with considerable delay on Saturday at a press conference by SBP Governor Dr Shamshad Akhtar....
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Iran to set up auto plant in Pakistan
LAHORE, Dec 1: Iran has expressed interest in setting up an auto plant in Pakistan like similar units put up by Tehran in Azerbaijan and Syria....
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MCB Bank to open overseas branches
KARACHI, Dec 1: MCB Bank is planning to open overseas branches in Toronto, Dubai, Bahrain and Qatar etc., while it has set target to expand its local network to 1,000 branches....
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Low ‘strike price’ of OGDC share triggers selling
KARACHI, Dec 1: The below market expectations ‘strike price’ of OGDC’s Global Depository Shares (GDSs) dragged down the entire blue chips sector along with it in the minus column on panic-selling and analysts feared the worst may still have to come....
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Palm oil lower
KUALA LUMPUR, Dec 1: Malaysian crude palm oil futures closed down 2.7pc on Friday as the ringgit currency strengthened against the dollar and prices of rival soyoil declined....
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Dubai Ports drops bid to manage Gwadar port
DUBAI, Dec 1: The UAE''s DP World has dropped a bid to manage Gwadar port due to commercial reasons, a local newspaper said on Friday. “We have looked carefully at this...
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Bidding for fertilizer firm today
ISLAMABAD, Dec 1: Bidding for the sale of minimum 90 per cent shares of Lyallpur Chemicals and Fertilisers Limited (LCFL) is being held here on Saturday....
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Oil prices slip
LONDON, Dec 1: World oil prices fell slightly on Friday, though remained close to two-month high points on concerns over falling energy supplies, dealers said....
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Dollar falls
LONDON, Dec 1: The dollar tumbled further on Friday after a key survey of US manufacturing activity showed a contraction in November, with the euro rising above $1.33...
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Trading gets slow on cotton market
KARACHI, Dec 1: Trading activity on the cotton market on Friday considerably slowed down as ginners raised their asking prices as growers held on to their phutti stocks....
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Karachi Port operations
KARACHI, Dec 1: Eight ships carrying fertiliser, steel coils and containers are due to arrive at the outer anchorage on Saturday, according to KPT sources....
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Port Qasim
KARACHI, Dec 1: Three ships to load and offload containers and LPG were accommodated berths at QICT and EVT during the last 24 hours, said a PQA press release on Friday....
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ABL wins award
KARACHI, Dec 1: Allied Bank Limited (ABL) has been declared “bank of the year 2006” by British financial magazine -- The Banker, published by Financial Times Business Limited....
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