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October 25, 2007 Thursday Shawwal 12, 1428 Import of 3m cotton bales likely KARACHI, Oct 24: The country will have to spend huge foreign exchange on importing around 2.5 to 3 million cotton bales to meet the expected shortfall even after harvesting around 12.8... White paper identifies irritants: Consumer financing ISLAMABAD, Oct 24: A white paper issued by the Consumers Rights Commission of Pakistan (CRCP) has identified irritants in consumer financing of the banking sector in Pakistan....   Firm US assurance to support Pakistan: Trade growth KARACHI, Oct 24: A number of senior US diplomats met business hierarchy at a series of meetings in Karachi.... Fresh EoIs received for NPCC ISLAMABAD, Oct 24: The Privatisation Commission has received seven fresh expressions of interest (EoIs) from the interested parties for acquisition of controlling interests or joint venture of the National Power Construction... Equity prices undergo fresh pruning KARACHI, Oct 24: Stocks on Wednesday showed widespread decline as selling pressure further intensified after some leading punters joined the losing club for good reasons too and liquidate in part long positions.... Several companies announce quarterly results KARACHI, Oct 24: Several companies held meetings of their Board of Directors on Wednesday mainly to declare results for the quarter ended Sept 30, 2007. Some of the financial figures were... Onion prices go up on expensive imports KARACHI, Oct 24: Onion has become costlier due to expensive imports from Afghanistan and Iran, while there has been some relief in the prices of tomato after it touched a record... Unisame seeks debate on Indian rice ban KARACHI, Oct 24: The Union of Small and Medium Enterprises (Unisame) has urged the Ministry of Food, Agriculture and Livestock (Minfal) to convene a meeting of all stakeholders to discuss the... Oil prices drop LONDON, Oct 24: World oil prices fell on Wednesday, with New York crude below $85 a barrel for the first time since mid-October, as the market expected official data to reveal a rise in US energy inventories.... FPCCI’s concern over trade deficit KARACHI, Oct. 24: The FPCCI has expressed concern over the growing trade deficit during the first quarter (July-Sept) of the current fiscal year, which amounted to $3.6... Dollar slips LONDON, Oct 24: The dollar weakened against the yen but was little changed versus the euro on Wednesday, weathering weaker-than-expected US housing data and a massive provision at investment banking giant Merrill Lynch, dealers said.... Cotton prices ease on hasty selling KARACHI, Oct 24: Cotton prices on Wednesday eased from the seasonal highs as a section of ginners indulged in hasty selling at the overnight higher levels but failed to find many willing buyers.... Karachi Port operations KARACHI, Oct 24: Eight vessels carrying palm oil, chemicals and containers and to load naphtha are expected to arrive at the outer anchorage on Thursday, according to KPT sources.... Port Qasim KARACHI, Oct 24: Three ships carrying containers, edible oil and chemicals were accommodated berths at QICT, MPT and EVT on Tuesday, said a PQA press release on Wednesday.... Asian stocks close mostly lower HONG KONG, Oct 24: Asian stocks closed mostly lower on Wednesday as fears over the subprime mortgage crisis in the United States returned to haunt regional markets, prompting a late bout of selling.... European stocks steady LONDON, Oct 24: European stocks stabilized on Wednesday as dealers sat tight ahead of important US economic data and after a volatile start to the week.... Palm oil futures firm KUALA LUMPUR, Oct 24: Malaysian palm oil futures yielded little ground on Wednesday to stand nearly 3 pc off record highs in a market split between a rebound in rival soyabean oil markets and rapidly weakening crude oil prices.... Karachi market rates KARACHI, Oct 24: The following were Wednesday’s commodity market rates in rupees.... Opec supply WASHINGTON, Oct 24: Opec and other world oil producers need to boost production to counter sagging inventory levels in the United States and other industrial nations, US Energy Secretary Sam Bodman said on Wednesday.... Conversion rates KARACHI: The following are October 25 State Bank conversion rates for foreign currency deposits, dollar bearer certificates, foreign currency bearer certificates, and special US dollar bonds....

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