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| October 12, 2007 | Friday | Ramazan 29, 1428 |
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Boosting IT exports to Gulf states
ISLAMABAD, Oct 11: The Gulf Cooperation Council (GCC), the world’s third fastest growing IT sector, offers huge potential for Pakistan Information Technology industry, observes an official of Pakistan Software Export Board.... 
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FCA meeting delayed to avoid debate on wheat
KARACHI, Oct 11: The government has put off the Oct 17 scheduled meeting of the federal committee on agriculture till the first week of November to hold a full dress review...
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Stock market prosperity be widely shared
KARACHI, Oct 11: Ten million people trade on the Mumbai Stock Exchange, the number quickly multiplying from four million five years ago....
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Stakeholders dispute on proposed GST waiver : LPG imports
KARACHI, Oct 11: Stakeholders of the LPG sector have locked horns over the Petroleum Ministry’s proposal of exempting 15 per cent general sales tax on import of liquefied petroleum gas....
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Black-marketing of new currency notes going on
KARACHI, Oct 11: Despite billions of fresh currency notes issued by the State Bank, black-marketing of fresh notes is going on with very high margin up to 10 per cent in the city....
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EU growth turns out better than expected
BRUSSELS, Oct 11: Euro zone growth turned out better than expected in the first quarter, making the second-quarter slowdown more pronounced, revised data showed on Thursday....
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China’s oil demand
LONDON, Oct 11: China’s oil demand will rise as expected this year and in 2008 because its economy will keep growing strongly despite global market turmoil due to the credit crunch, the International Energy Agency said on Thursday....
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Reserves
KARACHI, Oct 11: Pakistan’s total liquid foreign exchange reserves surged to a record high at $16,182.5 million mark this week....
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Oil prices spike as US crude stocks dive
LONDON, Oct 11: World oil prices surged on Thursday close to recent record heights after news that American crude oil stockpiles fell heavily last week, traders said....
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US trade gap shrinks to $57.6 billion
WASHINGTON, Oct 11: The US trade deficit fell to the lowest level in seven months, helped by record-high sales of American products and the declining value of the dollar....
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US files fresh WTO complaint against China
WASHINGTON, Oct 11: US officials filed a World Trade Organisation complaint on Thursday challenging China’s limits on import of products of copyright-intensive industries, such as films, music and books....
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Bank holidays
KARACHI, Oct 11: The State Bank of Pakistan and all offices of SBP Banking Services Corporation, inclusive of Public Debt Offices, will remain closed from Oct 13 to 16 being public holidays declared by the government on account of Eidul Fitr.—APP...
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Euro higher
LONDON, Oct 11: The euro soared close its record high against the dollar on Thursday, powered by speculation the European Central Bank might raise its benchmark interest one more time between now and the end of the year....
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Stocks undergo mild correction
KARACHI, Oct 11: The share market on Thursday closed the last session of the holy month of Ramazan on a mixed note as a section of investors tried to unload a...
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France urged to cut back public spending
PARIS, Oct 11: France must resolutely scale back public spending in line with commitments it has made to its euro-zone partners, Eurogroup chairman Jean-Claude Juncker said....
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Karachi Port operations
KARACHI, Oct 11: Nine ships carrying palm oil, containers and to load clinkers are due to arrive at the outer anchorage on Friday, according to KPT sources....
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Buying spree continues on cotton market
KARACHI, Oct 11: Cotton market on Thursday ruled steady as pent-up mill demand figured prominently at the prevailing prices despite delivery problems owing to forthcoming Eid holidays....
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Asian stocks close mostly higher
HONG KONG, Oct 11: Asian stocks closed mostly higher on Thursday with investors focussing on domestic issues, however, a mixed performance by Wall Street overnight limited gains....
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London gold prices
LONDON, Oct 11: The price of gold soared on Thursday to the highest level since 1980, supported by renewed weakness in the US dollar, traders said....
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Malaysian palm oil up
KUALA LUMPUR, Oct 11: Malaysian crude palm oil futures ended just 1.3 percent higher on Thursday as players cashed in profits after the market scaled a four-month peak in the morning session on surging soyaoil and speculative buying....
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European stock markets climb
LONDON, Oct 11:Europe’s main stock markets rose on Thursday, with London lifted by increased prospects of a cut to British interest rates amid evidence of a housing slowdown, dealers said....
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