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| March 09, 2007 | Friday | Safar 19, 1428 |
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Retailers reluctant to cut prices: Pulses and rice
KARACHI, March 8: The wholesale rates of some pulses and rice have fallen in the last few days by Rs5-10 and Rs2-5 per kg, respectively, but consumers are still paying higher prices at the retail stage.... 
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Trade gap widens to record $8.89bn
ISLAMABAD, March 8: Pakistan’s trade deficit swelled to record $8.890 billion during the first eight months (July-Feb) of the current fiscal as compared to $7.504 billion the same period last year, showing a jump of 18.47...
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Pakistan to set up joint ventures with Uzbekistan
ISLAMABAD, March 8: Pakistan and Uzbekistan on Thursday agreed to establish joint ventures in pharmaceutical industry, manufacturing of medical equipment and exchange of technology in health sector....
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ECB hikes rates to five-year high
FRANKFURT, March 8: The European Central Bank shrugged off political pressure and recent jitters on world financial markets to raise its key interest rates to a five-and-a-half-year high on Thursday....
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Stocks recover 137.6 points on active buying
KARACHI, March 8: Share market on Thursday consolidated overnight gains as investors remained active buyers around the current levels on the blue chips counters as broker worries linked to post-CLN regime...
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Oil prices ease
LONDON, March 8: World oil prices drifted lower on Thursday as traders consolidated gains made on the back of tumbling energy stockpiles in major consumer the United States....
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Dollar up against euro
LONDON, March 8: The dollar strengthened against the euro on Thursday after the European Central Bank met market expectations and raised benchmark interest rates in the 13-nation eurozone....
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Decision on securities’ overhaul plan delayed
FRANKFURT, March 8: The European Central Bank will delay a final decision on a radical overhaul of securities settlement in Europe until next year, after eurozone finance ministers and some market players expressed doubts....
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Listless trading on cotton market
KARACHI, March 8: Physical business on the cotton market on Thursday remained at low ebb as both spinners and mills kept to the sidelines for no apparent bearish reasons....
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Preparations for Hannover participation reviewed
ISLAMABAD, March 8: Minister for Industries, Production and Special Initiatives Jahangir Khan Tareen on Thursday reviewed the activities and preparations undertaken by the Engineering Development Board (EDB) for organising Pakistan’s biggest ever participation at world’s leading technology exhibition Hannover 2007....
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China withdraws cheap loans to exporters
BEIJING, March 8: China abolished on Thursday its trade-boosting discounted lending rates for its major export firms, a move designed to trim its massive and growing trade surplus....
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Ecuador seeks WTO mediation
GENEVA, March 8: Ecuador on Thursday asked the World Trade Organisation to set up a panel to rule on its dispute with the European Union over banana imports into the 27-nation bloc, trade sources said....
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Malaysian palm oil up
KUALA LUMPUR, March 8: Malaysian crude palm oil futures jumped 1.6 per cent on Thursday, boosted by firm soyaoil and ahead of a price outlook conference next week that is widely expected to give a bullish forecast....
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Gold prices
LONDON, March 8: Gold extended gains on Thursday to move further away from a six-week low on renewed interest from investors and firmer oil prices, dealers said....
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Port Qasim
KARACHI, March 8: Low shipping activity was witnessed at the port where oil tanker M.T. Elka Vissiilki was allotted berth on Fotco terminal during the last 24 hours, says a PQA press release....
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Karachi Port operations
KARACHI, March 8: Six ships carrying containers and to load rice and cement are due to arrive at the outer anchorage on Friday, according to KPT sources....
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