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| October 24, 2007 | Wednesday | Shawwal 11, 1428 |
China-made cellphones enter local market
KARACHI, Oct 23: China-made cellphones of various popular brands with names spelled differently to avoid copyright and piracy laws have entered the local markets in a big way over the last six months....
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45 per cent increase in filing of income tax returns
KARACHI, Oct 23: The Regional Tax Office (RTO), Karachi, has received record number of tax returns and statements for the tax year 2007. The total number of returns filed up to...
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Due diligence for sale of HEC
ISLAMABAD, Oct 23: Five parties pre-qualified for taking part in the privatisation process of Heavy Electrical Complex (HEC) are in the process of completing the important phase of due diligence of the transaction in the data room....
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Pakistan gets top place in new S&P index
KARACHI, Oct 23: Standard and Poor’s (S&P) has launched new ‘Select Frontier Index’ that includes companies from emerging economies and has placed Pakistan at the top of the index in terms of weight of the companies....
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Current year wheat target fixed at 24m tons
ISLAMABAD, Oct 23: The government on Tuesday set current year’s wheat output target at 24 million tons and finally reduced last year’s production estimates by 260,000 tons to 23.3 million tons....
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Sri Lanka to recapture tea market in Pakistan
ISLAMABAD, Oct 23: Sri Lankan High Commissioner to Pakistan Dr W.B Dorakumbure said on Tuesday Colombo was trying to recapture the lost market for tea in Pakistan under the Free Trade Agreement (FTA) now in operation between the two countries....
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225MW power plant signed
ISLAMABAD, Oct 23: The implementation agreement for 225MW Bhikki power project by Halmore Power Generation Company was signed on Tuesday at Private Power Infrastructure Board (PPIB)....
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Oil prices drop
LONDON, Oct 23: Oil prices extended losses on Tuesday amid worries that slower US economic growth could dampen global demand, dealers said....
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Bearish spell continues on stock market
KARACHI, Oct 23: Stock market on Tuesday remained under pressure for the second consecutive session as leading investors continued to unload their long positions on selected counters but the decline was...
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Business travel cost
NEW YORK, Oct 23: Business travel costs around the world are expected to see a big surge in 2008 with air fares pushed up by rising fuel prices and hotels rates squeezed by growing demands, a survey showed on Tuesday....
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Cotton prices hit seasonal peak
KARACHI, Oct 23: Cotton prices on Tuesday soared to new seasonal peak levels amid conflicting reports about the size of the crop in the Punjab, but phutti arrivals of 2.7m...
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Karachi Port operations
KARACHI, Oct 23: Five ships carrying containers and coal are due to arrive at the outer anchorage on Wednesday, according to KPT sources....
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Asian stocks close up
HONG KONG, Oct 23: Asian stocks closed mostly higher on Tuesday with investors staging a technical rebound after overnight gains on Wall Street offered some respite from the latest sell-off....
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Palm oil prices higher
JAKARTA, Oct 23: Malaysian palm oil futures inched up on Tuesday with the benchmark January contract rose 14 ringgit to 2,728 ringgit ($885) per ton....
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