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| July 11, 2007 | Wednesday | Jamadi-us-Sani 25, 1428 |
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Pakistan urged to get investment grade status: 6-8pc GDP for 10 years
ISLAMABAD, July 10: The international financial institutions (IFIs) have asked Pakistan to “attain investment grade status” by the global rating agencies to qualify for increased foreign investment.... 
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S&P lowers rating outlook for Pakistan
KARACHI, July 10: Standard & Poor''s Rating Services on Tuesday affirmed its ''B+/B'' foreign currency and ''BB/B'' local currency sovereign credit ratings on Pakistan....
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Agriculture credit exceeds target by 22.4 per cent
KARACHI, July 10: Credit disbursement to agriculture sector exceeded the annual target for 2006-07 with a growth of 22.4 per cent over the previous year....
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World oil prices hit 11-month high
LONDON, July 10: World oil prices climbed on Tuesday, with Brent North Sea crude breaching $76 a barrel to reach the highest point since August 2006 on supply concerns in the United States and Nigeria....
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China to invest $800 million this year
KARACHI, July 10: Adviser to the prime minister on Finance Dr. Salman Shah on Tuesday asked Pakistani entrepreneurs to capitalise on investment opportunities with Chinese investors through joint ventures....
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Apparel Forum hits back at textile minister
KARACHI, July 10: Textile manufacturers-cum-exporters’ trade bodies have lashed out at Federal Textile Minister Mushtaq Ali Cheema for making highly irresponsible and baseless statement with regard to private sector’s efficiency....
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Stocks falter as military action triggers panic-selling
KARACHi, July 10: Stocks on Tuesday fell across a broad front on mid-session hasty selling triggered by reports of military operation to end the Lal Masjid standoff, but larger fall was averted....
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India car sales rise by 16pc
NEW DELHI, July 10: Indian car sales climbed 16 per cent in June as heavy discounts offset hardening interest rates, according to data released on Tuesday....
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MoU signed
KARACHI, July 10: The Federation of Pakistan Chambers of Commerce & Industry (FPCCI) and Japan External Trade Organisation (Jetro) on Tuesday signed a MoU to provide technical assistance under the latter’s Expert Services Abroad programme for improving business environment....
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20 leadingtextile firms to attend US apparel fair
ISLAMABAD, July 10: Twenty prominent textile exporters from Pakistan will participate in the ‘Material World’, the premier apparel, textiles and accessories event of the United States....
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Subsidy on import of polyester sought
LAHORE, July 10: Pakistan’s polyester is 22 per cent more expensive than China’s synthetic fibre because the local manufacturers price their product at import parity to ensure protection against the manmade fibre imports....
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Euro hits record high against dollar
LONDON, July 10: The euro hit a record high of $1.3740 on Tuesday as investors bought the single currency on prospects of higher eurozone interest rates and concerns about the health of the US economy....
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Viscose fibre exempted from FED
ISLAMABAD, July 10: The government has exempted viscose staple fibre from federal excise duty (FED) till October 15, 2007....
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Canada lifts lending rate to 4.50pc
OTTAWA, July 10: The Bank of Canada on Tuesday hiked its key lending rate by 0.25 percentage points to 4.50 per cent, hoping to quell mounting inflationary pressures with its first rate increase in a year....
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Cotton prices rise on active buying
KARACHI, July 10: Cotton prices on Tuesday rose further higher as spinners and mills again indulged in panic-buying to grab the floating stocks of current crop....
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Boosting exports to US under GSP scheme
ISLAMABAD, July 10: Pakistan is eying to increase export of those commodities which enjoy duty concessions to United States under the generalised system of preference (GSP)....
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Frenchman backed as new IMF head
BRUSSELS, July 10: France won key EU backing on Tuesday for former French finance minister Dominique Strauss-Kahn to lead the International Monetary Fund despite British calls for a candidate from outside Europe....
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Karachi Port operations
KARACHI, July 10: Ten ships including four cement carriers to load 40,000 tons of the commodity are expected to arrive at the outer anchorage on Wednesday, according to KPT sources....
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Port Qasim
KARACHI, July 10: A record cargo volume of 117,000 tons comprising 102,000 tons of import and 15,000 tons of export tonnage was handled during the last 24 hours, said a PQA press release on Tuesday....
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Istanbul airport
NEW DELHI, July 10: A consortium led by India’s GMR Infrastructure won a $2.7bn deal on Tuesday to manage the second airport in Turkey’s biggest city Istanbul....
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Poultry rates
KARACHI, July 10: The following are Wednesday’s poultry market rates:...
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Asian stocks mixed
HONG KONG, July 10: Asian stocks closed mixed on Tuesday with investors opting to consolidate, amid some profit taking, on the latest rally after Wall Street registered only mild gains overnight....
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Gold prices higher
LONDON, July 10: Gold eased from a one-month high on Tuesday as traders lightened positions ahead of a key speech by the Federal Reserve chairman, but selling was limited due to stronger oil and industrial metals prices....
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Malaysian palm oil up
KUALA LUMPUR, July 10: Malaysian crude palm oil futures ended 0.8 per cent higher on Tuesday as higher prices of rival soybean oil and a slowdown in production supported the market....
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European shares slip
LONDON, July 10: Europe''s main stock markets retreated Tuesday on profit-taking as dealers contemplated to Danone''s takeover bid for Dutch baby food group Numico....
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