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| March 13, 2007 | Tuesday | Safar 23, 1428 |
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Changes in monetary policy suggested: Deficits unsustainable
ISLAMABAD, March 12: Pakistan''s current account and trade deficits are "unsustainable" in the long run and will require adjustments in monetary or exchange rate policies, says a latest Pakistan-USAID joint report.... 
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Improved quality control boosts price of molasses: $31m exports in 2006
KARACHI, March 12: The country has so far fetched around $31.38 million on export of about 0.495 million tons of molasses during the current season (2006-07)....
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42pc rise in current account deficit
KARACHI, March 12: Country’s current account deficit rose alarmingly high in the first seven months mounting pressure on the government to earn or borrow more dollars to bring the balance sheet of the national economy at equilibrium....
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Strategy to raise textile exports
ISLAMABAD, March 12: The textile ministry will work out a strategy for the implementation of the recommendations approved by the prime minister for increasing exports....
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WPI up by 7.14pc
ISLAMABAD, March 12: The wholesale price of commodities increased by 7.14 per cent during the July-February period of the current fiscal year over the same period of last year....
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Equity prices slip in cautious trading
KARACHI, March 12: Trading on the stock market on Monday resumed on a cautious note as leading investors kept to the sidelines amid fears of brewing political uncertainty after suspension of Chief Justice of Pakistan on allegations of misconduct....
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Adamjee’s joint venture in life insurance
KARACHI, March 12: Adamjee Insurance Company Limited (AICL) is in advanced stage of talks with two foreign insurance companies for a joint venture in life insurance business....
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Food prices push up inflation
ISLAMABAD, March 12: Led by almost 10 per cent increase in food inflation, the over all consumer prices jumped again to 7.39 per cent in February 2007 over the same month...
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Balochistan invites Canadian investors
QUETTA, March 12: Industrialists from Canada have shown keen interest to invest in oil and gas, minerals, tourism and other sectors in Balochistan. A high-level investment delegation headed by Chief Secretary K....
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Aziz for curbing price spirals
ISLAMABAD, March 12: Prime Minister Shaukat Aziz has said that controlling inflation rate and rising prices is essential to ensure that the benefits of economic growth are transferred to common people....
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Euro rises against dollar
LONDON, March 12: The euro rose against the dollar on Monday as confidence in the US economy remained shaky, dealers said, while the yen strengthened and the pound was sold off as investors unwound their “carry trades.”...
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Oil prices fall on Opec meeting
LONDON, March 12: World crude oil prices fell further on Monday as traders'' attention turned to this week''s Opec cartel output meeting and forecasts of warmer weather in the United States....
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Libya opens bourse
TRIPOLI, March 12: Libya has inaugurated a stock market with its headquarters in the capital, the official Jana news agency reported on Monday. It said a ceremony took place in Tripoli...
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Prices ease on cotton market
KARACHI, March 12: Cotton prices on Monday eased by Rs25 per maund from the weekend levels owing to quality differentials for the average lots from the central Sindh ginneries....
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US, S. Korea cite progress in FTA talks
SEOUL, March 12: The United States and South Korea made significant progress in less sensitive issues on Monday, the chief US negotiator said, as they wrapped up free trade talks ahead of a looming end-month deadline....
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Karachi Port operations
KARACHI, March 12: Seven ships carrying cars, containers and to load molasses are due to arrive at the outer anchorage on Tuesday, according to KPT sources....
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Port Qasim
KARACHI, March 12: Three ships to load/offload containers, seeds and chemicals were accommodated berths at during the last 24 hours, said a PQA press release on Monday....
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Asian stocks higher
HONG KONG, March 12: Asian stock markets closed higher again on Monday, recovering to within sight of levels seen just before the global equity sell-off sparked by heavy losses in Shanghai earlier this month, dealers said....
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Gold up
LONDON, March 12: Gold pared gains on Monday after rising on a weaker dollar, as investors sold their trading positions due to the metal''s inability to retain recent advances....
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Palm oil prices
BANGKOK, March 12: Malaysian palm oil futures ended higher on Monday despite poor export figures as players covered short positions on expectations prices would rise. The benchmark third-month May contract on...
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