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| October 23, 2007 | Tuesday | Shawwal 10, 1428 |
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Remittances show 21.7pc increase in 1st quarter
KARACHI, Oct 22: The remittances sent by overseas Pakistanis registered over 21 per cent increase during the first quarter of the current fiscal year.The rising inflows of remittances continued to trim... 
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Karachi bourse grew by 38pc in last fiscal
KARACHI, Oct 22: The Karachi Stock Exchange (KSE) recorded growth of 38 per cent during the year ended June 30, 2007, with the index closing the year at all-time high at 13,772 points....
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New fund launched
LAHORE, Oct 22: The Bank of Punjab (BoP) and the Pak Oman Asset Management Company (POAMC) jointly launched an open-end mutual fund — POBOP Advantage Plus Fund — on Monday....
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Thai exports jump 10.4pc
BANGKOK, Oct 22: Thailand’s exports jumped 10.4 per cent year-on-year in September on the back of steady European demand for hi-tech goods and agricultural products, the commerce ministry said on Monday....
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Hong Kong inflation
HONG KONG, Oct 22: Inflation in Hong Kong held steady at 1.6 per cent as smaller increases in the cost of tour packages and a government subsidy on rent offset higher food prices, the government said on Monday.A...
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Oil prices slip from record peaks
LONDON, Oct 22: World oil prices slumped further from record highs on Monday as a rout on global stock markets ignited worries about a slowdown for crude demand, analysts said....
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More FDI likely from Arab states, China
ISLAMABAD, Oct 22: Pakistan is likely to attract more foreign direct investment (FDI) in the coming years mainly from Arab states and China due to its aggressive privatisation policy and economic growth....
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Govt may set 24m tons wheat target for 2007-08
ISLAMABAD, Oct 22: The Federal Committee on Agriculture (FCA) is likely to set the wheat production target at 24 million tons for 2007-08, which would be 1.5...
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Gold prices reel back from record high
KARACHI, Oct 22: After touching an all time high level last Saturday gold prices slightly reeled back in line with the world prices when trading resumed in local market on Monday....
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TRG sells subsidiary for $1.75m
KARACHI, Oct 22: TRG Pakistan Limited announced at the Karachi Stock Exchange on Monday that the Resource Group International Limited had sold substantially all the assets of its subsidiary, Central Voice, LLC, which was expected to generate $1.75...
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Dollar firm after record low against euro
LONDON, Oct 22: The dollar recovered lost ground in late European trade on Monday as nervous investors looked to the traditional safe haven of the US unit in the face of heavy stock market losses, dealers said.They...
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Karachi Port operations
KARACHI, Oct 22: Two ships carrying containers and steel are due to arrive at the outer anchorage on Tuesday, according to KPT sources.Over a dozen ships were berthed during the last...
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‘Doha accord possible this year’
BRASILIA, Oct 22: A global trade deal could be sealed by the end of this year if rich countries drop objections in the area of agriculture, Brazilian President Luiz Inacio Lula da Silva said on Monday....
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Brisk trading on cotton market
KARACHI, Oct 22: Trading on the cotton market on Monday resumed on a firm note as ginners raised their asking prices followed by reports that arrivals of phutti were progressively drying up....
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SBP chief honoured in US
KARACHI, Oct 22: Governor State Bank of Pakistan Dr Shamshad Akhtar has been conferred upon the award of the ‘Best Central Bank Governor for Asia 2007’ to acknowledge her outstanding contribution...
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Bear Stearns, China’s Securities alliance
NEW YORK, Oct 22: US investment bank and brokerage Bear Stearns and China’s CITIC Securities Co. Ltd announced a strategic alliance on Monday in a deal involving investments of at least $2 billion ....
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Asian stock markets lower
TOKYO, Oct 22: Asian stocks fell sharply on Monday as jittery markets took their cue from a slump on Wall Street, where lacklustre US corporate earnings rattled investors still nervous about a credit squeeze....
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German growth back on track
FRANKFURT, Oct 22: German growth was back on track in the third quarter, boosted by exports and a strong industrial performance after a second quarter slowdown, the Bundesbank said in its monthly report on Monday....
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Palm oil drops 1.8pc
KUALA LUMPUR, Oct 22: alaysian palm oil futures ended 1.8 per cent lower on Monday as rival soybean oil and crude oil fell, pulling prices from record highs hit last week....
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European stocks dive
LONDON, Oct 22: European stocks tumbled on Monday, mirroring steep losses across Asia after a pre-weekend US slump sparked by uncertainty over the US economic outlook and record high oil prices, analysts said....
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