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| May 26, 2007 | Saturday | Jamadi-ul-Awwal 09, 1428 |
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NIB buys majority stakes in PICIC
KARACHI, May 25: Singapore-based Temasek Holdings Pte has acquired 56 per cent stakes in Pakistan Industrial Credit and Investment Corporation (PICIC). The NIB Bank, a subsidiary of the Temasek, announced... 
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Flour millers rule out major fall in prices: Exporters fear losses
KARACHI, May 25: Despite recent ban on export and a bumper wheat crop this year, flour millers have ruled out any substantial decline in prices....
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Nike signs soccer ball deal with local firm
ISLAMABAD, May 25: Nike — the world largest sportswear supplier — is resuming imports of about 5,000 footballs per day from a new supplier in Pakistan and will subsequently increase it...
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Poultry output to be raised: PM okays policy
ISLAMABAD, May 25: Prime Minister Shaukat Aziz on Friday approved the new poultry development policy aiming to increase the annual growth of poultry sector from the present 10-12 per cent to...
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Stocks gain 69 points despite weekend selling
KARACHI, May 25: Stocks on Friday remained in an upbeat mood and despite weekend selling managed to finish with fresh gains amid an actively traded session as the volume figure soared to well over 400m shares....
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FBI detains another Pakistani banker
KARACHI, May 25: The FBI team of United States has detained another banker in a case of insider trading committed by a Pakistani banker, in collaboration with another Pakistani employed at the Credit Suisse....
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Ukrainian help in gas pipeline projects sought
ISLAMABAD, May 25: Minister for Petroleum and Natural Resources Amanullah Khan Jadoon on Friday invited Ukraine to take advantage of attractive and investment friendly policies in the oil and gas sector...
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TDAP loses legal status
ISLAMABAD, May 25: The Trade Development Authority of Pakistan (TDAP) has been working illegally for the last over two months after the government failed to bring the authority under the act...
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Oil prices higher on supply concerns
LONDON, May 25: World oil prices firmed on Friday as traders looked once again to tight US motor fuel reserves ahead of the peak-demand US driving season which starts this weekend, analysts said....
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Trading picking up on NECL
KARACHI, May 25: The National Commodity Exchange Limited (NCEL) on Friday disclosed that a total of 307 transactions valued at Rs42 million were done during the second week of its live trading....
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PC urges early completion of sell-off transactions
ISLAMABAD, May 25: The Privatisation Commission Board on Friday directed completion of PSO, IPO of HBL and UBL GDR transactions during the current fiscal year....
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Prices rise on cotton market
KARACHI, May 25: Cotton prices on Friday showed a modest rise of Rs25 per maund for fine type after spinners sought fresh supplies from the ginners....
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US files complaint against India
WASHINGTON, May 25: The United States filed a complaint on Friday at the World Trade Organisation against India, saying its duties on alcoholic beverages and other imports violate global trade rules....
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Concern over govt policy on purchase of ghee
FAISALABAD, May 25: Pakistan Edible Oil Refinery Association (Peora) chairman Mian Mohammad Hanif said on Friday that purchase of ghee by the government from selected manufacturers would ruin local industry and disturb prices of edible oil and ghee....
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Karachi Port operations
KARACHI, May 25: Three ships carrying containers and to load cement are due to arrive at the outer anchorage on Saturday, according to KPT sources. The port during the last two...
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Port Qasim
KARACHI, May 25: Berthing activity was slow as only one ship to offload furnace oil was accommodated berth at Fotco Terminal during last 24 hours, said a PQA press release on Friday....
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Asian stocks lower
HONG KONG, May 25: Asian stocks continued to consolidate on Friday with most benchmarks closing lower as investors fret over whether or not China will face a major correction....
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Palm oil prices up
KUALA LUMPUR, May 25: Malaysian crude palm futures closed 2.2 per cent higher on Friday, hitting a fresh near-nine-year high on a spike in rival soyoil and firm exports....
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Karachi market rates
KARACHI, May 25: The following were Friday’s commodity market rates in rupees....
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Dollar falls
LONDON, May 25: The dollar weakened on Friday after data that was released on existing home sales in the United States undershot market expectations, fuelling fears about the extent of an economic slowdown there....
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Cooperation in trade
ISLAMABAD, May 25: Pakistan and South Africa on Friday underscored the need for enhanced cooperation in the areas of economy, trade and defence. This was discussed at a meeting between Senior...
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Conversion rates
KARACHI: The following are May 26 State Bank conversion rates for foreign currency deposits, dollar bearer certificates, foreign currency bearer certificates, and special US dollar bonds....
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