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October 27, 2007 Saturday Shawwal 14, 1428 Stakeholders set to begin blame game in Sindh : Falling farm credit share KARACHI, Oct 26: The banks, Sindh Revenue Department and leaders of farmers in the province are all set to trade charges and counter charges for falling share of Sindh farmers in the agriculture credits being disbursed by the banks.... Local gold prices hit record peak level KARACHI, Oct 26: The local gold prices on Friday hit a record peak level of Rs15,130 per 10 grams on the back of rising international prices....   Electronic waste being dumped in developing states ISLAMABAD, Oct 26: More than 90 per cent of the tens of millions of tons of electronic goods waste (e-waste) generated every year in the world ended up in five developing... Police raid ghee, cooking oil sales outlets : Enforcing 25pc price cut ISLAMABAD, Oct 26: Police have started raids on sales outlets of vanaspati ghee and cooking oil units across the country forcing them to reduce the price by 25 per cent.... Stocks finish weekend session with 88 points gain KARACHI, Oct 26: Stocks on Friday maintained their upward drive and finished the week on a higher note aided by strong local and foreign buying in the leading oil shares notably... 15pc rise in direct taxes witnessed in 3 months ISLAMABAD, Oct 26: The first quarter of 2007-08 (July- September) witnessed a 15 per cent increase in direct taxes as compared with the corresponding period of last financial year.... Oil price crosses $92/barrel LONDON, Oct 26: World oil prices surged to historic highs on Friday, breaching $92 for the first time in New York on rising tension in crude-rich Iran and tight US energy supplies, analysts said.... Pakistan elected to world freight body KARACHI, Oct 26: Pakistan has been elected for one of the top slots of vice president of the Federation of International Freight Forwarders Association (FIATA).... MCB’s profits up by 30pc in 9 months KARACHI, Oct 26: MCB Bank has posted an after-tax profit of Rs11.247 billion, which pushed the earning per share (EPS) of the bank to Rs17.9 during the first nine months of the calendar year 2007.... Dumping complaint BRUSSELS, Oct 26: EU steelmakers are set to ask the European Commission as soon as Monday to impose anti-dumping duties on Chinese steel imports, an industry official said, signalling what could be the start of a major trade dispute.... Dollar hits fresh record low against euro LONDON, Oct 26: The dollar came under heavy pressure on Friday, hitting record lows against the euro as players bet the Federal Reserve will have no option but to cut interest rates again next week, dealers said.... Indian shares MUMBAI, Oct 26: Indian share prices are expected to remain volatile next week and will be affected by how hedge funds react to new rules limiting the anonymous purchase of shares by foreign investors, dealers said.... BoP profit rises LAHORE, Oct 26: The pre-tax profit of Bank of Punjab rose by 24 per cent to Rs4.779 billion during the first three quarters of 2007 from Rs3.854... New software to increase SMEs productivity ISLAMABAD, Oct 26: Pakistan Software Export Board (PSEB) has successfully developed open source Enterprise Resource Planning (ERP) software, styled as AutoPlus, for small and medium Enterprises (SMEs) in readymade garments, hosiery, automotive parts and accessories, textile processing and surgical instruments industry.... Russia WTO issues may be resolved MAFRA (Portugal), Oct 26: The head of the European Commission said on Friday he was confident two issues preventing the EU from signing off on Russia’s accession to the World Trade Organisation could be solved.“I... Singapore output dips SINGAPORE, Oct 26: Singapore’s industrial output fell 2.8 per cent in September from a year earlier mainly due to a dip in pharmaceuticals production, the government said on Friday.... Karachi Port operations KARACHI, Oct 26: Six ships carrying palm oil, chemicals and containers are due to arrive at the outer anchorage on Saturday, according to KPT sources.... Port Qasim KARACHI, Oct 26: Brisk berthing activity was witnessed at the port where six ships carrying containers, chemicals, general cargo, crude oil and coke were accommodated berths during the last 24 hours, said a PQA press release on Friday.... Europe told to avoid recession VALENCIA (Spain), Oct 26: Europe should avoid falling into recession despite slower growth in the United States, European Economic and Monetary Affairs Commissioner Joaquin Almunia said on Friday.... Prices stay bullish on cotton market KARACHI, Oct 26: Cotton market on Friday showed bullish trend as prices were quoted further higher by Rs50 per maund amid conflicting reports about the damage to the crop in the Punjab cotton belt by the late pest attack.... Japan’s core consumer prices fall TOKYO, Oct 26: Japan said on Friday its core consumer prices fell for an eighth straight month in September, but there were signs that Asia’s largest economy might be finally winning its long struggle with deflation.... Asian stocks close mostly higher on US interest rate hopes HONG KONG, Oct 26: Asian stocks closed mostly higher on Friday as investors continued to buy up equities in anticipation of a cut in US interest rates being made next week....

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