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| September 16, 2007 | Sunday | Ramazan 03, 1428 |
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Services sector exports rise
ISLAMABAD, Sept 15: Services sector exports went up by 8.15 per cent in the first month of the current fiscal year over the same month last year, Federal Bureau of Statistics (FBS) said on Saturday.... 
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CDNS plans to sell products abroad
ISLAMABAD, Sept 15: The total stocks of the Central Directorate of National Savings (CDNS) rose to Rs1.067 trillion and it distributed Rs178 billion profit to its investors in 2006-07, said its senior official....
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Textile mills seek quick resolution of credit issues
KARACHI, Sept 15: Big textile companies — more than two dozen that spin yarn, weave fabric and are in manufacture of home textile — are actively involved in negotiations with the...
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Date for filing ST returns extended
ISLAMABAD, Sept 15: The Federal Board of Revenue (FBR) has extended the date for filing of sales tax returns and summary statements.An official announcement issued on Saturday said that taxpayers can...
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SPI shows increase of 1.29pc
ISLAMABAD, Sept 15: The Sensitive Price Index (SPI) increased by 1.29 per cent during the week ending Sept 14 over the previous week, according to the weekly price data released by the Federal Bureau of Statistics (FBS) here on Saturday....
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Govt to encourage private sector logistic firms
KARACHI, Sept 15: The government plans to bring trucking business into organised sector by providing funds to those who register their fleets or firms as corporate entities, official sources said on Saturday....
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Private banks more prone to NPLs
KARACHI, Sept 15: Non-performing loans (NPLs) of banks, especially that of local private banks, have started picking pace which negates the market vision that private banks are more prudent to NPLs....
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Iran says oil supply sufficient
ZURICH, Sept 15: World oil supply is sufficient and may even be more than sufficient despite a recent spike in oil prices, Iranian Oil Minister Gholamhossein Nozari told a Swiss newspaper....
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US sets conditions for Pakistan mango entry
ISLAMABAD, Sept 15: A challenging time is lying ahead for Pakistan to be able to end the monopoly of Indian mango in the US market in the next couple of years.An...
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Duty on paper import
ISLAMABAD, Sept 15: The Federal Board of Revenue(FBR) has imposed regulatory duty on import of two kinds of papers with immediate effect.The decision was taken through a customs notification released here on Saturday....
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Upgradation can give additional 2,000MW
KARACHI, Sept 15: About 2,000 megawatts of additional power can be acquired by upgrading the current capacity, technical experts suggest.If the government places an order for power turbines to complement the...
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Credit firestorm to smoulder into 2008
LONDON, Sept 14: The firestorm that has blazed through global credit markets since August will smoulder for months and is widely expected to take a toll on the currently robust world economy well into 2008....
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Prices rule firm on cotton market
KARACHI, Sept 15: Cotton market on Saturday consolidated the overnight gains as ginners held on to their positions in an apparent effort to keep prices within the current range....
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Govt urged to protect interests of small farmers: WTO talks
ISLAMABAD, Sept 15: Civil society organisations have urged the government to protect the interests of small farmers in the current WTO negotiations.The Sustainable Agriculture Action Group (Saag) — a group of...
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Sarkozy accuses ECB of helping speculators
PORTO, Portugal Sept 15: French tension with the ECB hit a high on Saturday as President Nicolas Sarkozy accused the central bank of helping speculators and hurting business by not cutting euro zone interest rates....
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Strengthening of trade corridor plan sought
ISLAMABAD, Sept 15: The ministry of commerce has proposed that national trade corridor improvement programme be strengthened for enhancing annual export of fruits, vegetables and flowers from current $130 million to $400 million in the next five years....
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Karachi Port operations
KARACHI, Sept 15: Seven ships carrying containers, coal and to load cement are expected to arrive at the outer anchorage on Sunday, according to KPT sources.Six...
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China okays five new equity funds
BEIJING, Sept 15: China has given the go-ahead to five new industrial investment funds worth a total of 56 billion yuan ($7.45 billion) to spur development of energy, high-tech and business process outsourcing firms, state media said on Saturday....
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Algeria confirms Spain gas deal
ALGIERS, Sept 15: Algeria said on Saturday that it had reached agreement with Spain over the amount of gas its energy company Sonatrach could sell through a new pipeline.Energy...
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New York oil price enjoys record high $80
LONDON, Sept 15: The price of New York crude oil leapt above $80 per barrel for the first ever time this week as investors ploughed into the market on concerns over stretched global energy supplies....
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Wall Street sees Fed rate cut
NEW YORK, Sept 15: Wall Street’s renewed vigor over the past week has come from optimism about a Federal Reserve cut in interest rates, yet it remains unclear what happens if and when the Fed delivers....
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NY cotton finishes week with strong gains
NEW YORK, Sept 15: US cotton futures ended the week with strong gains, adding 3 cents by Friday’s close, as speculators and funds continued to feed their seemingly insatiable appetite for...
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Dollar steady, sterling falls
NEW YORK, Sept 15: The dollar steadied on Friday a day after plunging to a record low on the euro, while the pound fell on jitters after a Bank of England bailout of key British lender Northern Rock....
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ECB sees upside price risks
HELSINKI, Sept 15:Inflation risks in the euro zone are on the upside, a member of the European Central Bank governing council, Erkki Liikanen, told Finnish daily Turun Sanomat....
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