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| October 10, 2007 | Wednesday | Ramazan 27, 1428 |
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Oil prices recover losses
LONDON, Oct 9: Oil prices rebounded sharply on Tuesday, reversing earlier losses in volatile trading on the eve of the US government’s snapshot of American energy inventories.... 
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Government indifferent to looming wheat crisis
KARACHI, Oct 9: Is Pakistan heading towards a wheat emergency worse than 1997 wheat crisis? The issue is expected to crystallise sometime in November and December....
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State Bank reduces yields on bonds
KARACHI, Oct 9: The cut-off yields on various tenures of Pakistan Investment Bonds (PIBs) were reduced at an auction held here on Tuesday....
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Euro rallies against dollar
LONDON, Oct 9: The euro staged a modest rally against the dollar in late trading here on Tuesday as investors awaited publication of minutes from the last Federal Reserve meeting for hints as to the direction of US monetary policy....
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Special zones to help promote industries
ISLAMABAD, Oct 9: Prime Minister Shaukat Aziz said on Tuesday that the establishment of Special Economic Zones (SEZs) would help promote industrialisation, enhance Pakistan’s competitiveness, generate employment and reduce poverty in the country....
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NIB Bank, Picic merger by year-end
KARACHI, Oct 9: The legal merger of Picic, Picic Commercial Bank and NIB Bank will be completed by the end of current year, banking sources said here on Tuesday.They...
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KSE holidays
KARACHI, Oct 9: The stock market will remain closed on Wednesday and Friday on account of Shabe Qadr and Jumatul Wida respectively. The last working session will be on Thursday and it will reopen on next Wednesday after Eidul Fitr holidays....
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Free trade deals
WASHINGTON, Oct 9: Secretary of State Condoleezza Rice on Tuesday urged the US Congress to pass free trade deals with Peru, Colombia and Panama, warning that non-approval would be seen as a US “withdrawal.”...
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WTO sees no moot this year amid Doha impasse
GENEVA, Oct 9: The WTO is expected to break its own rules by not holding a ministerial conference in 2007 given the low chances of securing a global trade deal by the year’s end, trade sources said on Tuesday....
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Stocks finish with clipped gains on profit-taking
KARACHI, Oct 9: Stocks on Tuesday finished on a mixed note as late profit-selling at the inflated levels owing to holidays ahead pushed prices of some of the leading bank shares and other blue chips sharply lower....
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UK raw material costs up
LONDON, Oct 9: British manufacturers’ raw material costs rose more than expected and at their sharpest rate in more than two years last month in a sign that inflationary pressures are still a danger....
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July-Sept trade deficit widens to $3.601bn
ISLAMABAD, Oct 9: Pakistan’s trade deficit widened to $3.601 billion in the first quarter (July-September) of fiscal year 2007-08, up by 13.53 per cent from $3.172...
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Eurozone takes currency grief to China
LUXEMBOURG, Oct 9: Irked by the relentless ascent of their currency, eurozone finance ministers have decided to target China’s yuan as the chief culprit in a quest for fair play on global exchange rates and trade....
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Karachi Port operations
KARACHI, Oct 9: A dozen vessels carrying containers and steel cargo expected to arrive at the outer anchorage on Wednesday, according to KPT sources....
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Cotton prices weaker despite good demand
KARACHI, Oct 9: Cotton prices on Tuesday remained depressed due to hasty selling by the ginners despite active demand from mills and spinners....
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Port Qasim
KARACHI, Oct 9: Three ships to load and offload containers and edible oil were accommodated berths during the last 24 hours, said a PQA press release on Tuesday....
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Insider trading
STOCKHOLM, Oct 9: The Stockholm prosecutor said on Tuesday he had opened a preliminary probe into possible insider trading at stock market operator OMX that may have occurred ahead of an...
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Palm oil prices lower
KUALA LUMPUR, Oct 9:Palm oil has lost 6.4 per cent from record levels it hit in June but prices will rebound soon and test new highs by the end of the...
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Asian stocks close higher
HONG KONG, Oct 9: Asian stocks ignored a mixed performance by Wall Street overnight and closed mostly higher on Tuesday with investors focussing on domestic issues which drove many benchmarks to record closing highs....
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