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| November 01, 2007 | Thursday | Shawwal 19, 1428 |
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Credit to private sector plunges
KARACHI, Oct 31: Credit supply to private sector took a nosedive during the last three-and-a-half months, creating doubt about the economic growth at the desired rate of over seven per cent for 2007-08.... 
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Up-front tariff structure demanded : Coal for power projects
KARACHI, Oct 31: Over a dozen speakers on the second and final day of two-day international symposium on “Sindh Coal (Lignite) Mining Challenges and Success” on Wednesday called for setting in...
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Smuggling of petrol from Iran declines
KARACHI, Oct 31: Pakistan has imported 36,000 tons of petrol from September to October in order to meet the demand and supply gap caused by massive decline in smuggling of Iranian petrol, especially in Balochistan and other parts of the country....
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GDP growth not reflected in real sectors : FPCCI on SBP report
KARACHI, Oct 31: Leaders of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) are surprised to know from the SBP’s annual report for 2006-07 released on Monday that investment...
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Textile sector loses hope of package
KARACHI, Oct 31: Having failed to muster support from the government the textile industry is now seeking an exit strategy in place of a revival package....
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16pc drop in Hubco earnings in first quarter
KARACHI, Oct 31: The Hub Power Company Limited (Hubco) posted 16 per cent drop in earnings for the first quarter (July-Sept) of the financial year 2007-08, amounting to Rs607 million, compared...
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Fed cuts rate
WASHINGTON, Oct 31: The Federal Reserve announced on Wednesday it had cut its base federal funds interest rate by a quarter of a percentage point to 4.50...
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Pakistan’s public debt, inflation decrease
ISLAMABAD, Oct 31: Pakistan has managed to decrease public debt and contained inflation but its health and primary education pillars showed a negative trend, says the Global Competitiveness Report 2007-08 of the World Economic Forum....
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Dumping duties: Pakistan second in S. Asia
ISLAMABAD, Oct 31: Pakistan has become the second country in South Asia after India to have guarded its borders from cheaper imports as Islamabad imposed four final anti-dumping duties during the...
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China raises fuel prices
BEIJING, Oct 31: China will raise the prices of gasoline, diesel and aviation fuel by 500 yuan ($67) per ton, China’s economic planner announced on Wednesday, according to state media....
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Stocks partially recover overnight losses
KARACHI, Oct 31: The share market on Wednesday staged a snap rally followed by strong covering purchases at the lower levels in oil and banking shares on some positive news on the corporate front....
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Euro higher
LONDON, Oct 31: The dollar continued at record lows against the euro on Wednesday as stronger-than-expected US growth figures failed to alter expectations that the Federal Reserve will cut interest rates, dealers said....
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Carbon projects
LONDON, Oct 31: South Africa has set up a carbon finance arm in London to follow the lead of countries like China, India and Brazil in the potentially lucrative global carbon market....
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Buying spree continues on cotton market
KARACHI, Oct 31: Brisk trading was witnessed on the cotton market on Wednesday as spinners and mills continued to build-up long positions, even at the rising prices, aided apparently by three...
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Pakistan seeks US help for export of vegetables
ISLAMABAD, Oct 31: The United States Department of Agriculture (USDA) desires to work with the Pakistan ministry of food, agriculture and livestock (Minfal) for the promotion of plant and livestock research and export of irradiated vegetables to the American market....
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Karachi Port operations
KARACHI, Oct 31: Five ships carrying chemical, DAP fertiliser and containers are due to arrive at the outer anchorage on Thursday, according to KPT sources....
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Port Qasim
KARACHI, Oct 31: Four ships carrying containers, seeds, edible oil and iron ore were accommodated berths during the last 24 hours, said a PQA press release on Wednesday....
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11.5 per cent increase in revenue collection
ISLAMABAD, Oct 31: The Federal Board of Revenue (FBR) has collected Rs264.5 billion taxes during the July-October period of the current fiscal year as against the downward revised target of Rs264.1...
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Russian inflation
MOSCOW, Oct 31: Russia’s economy ministry on Wednesday predicted inflation could rise by up to 11 per cent this year, Interfax said, amid popular anger at rising prices ahead of parliamentary elections....
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G20 seeks push in WTO talks
GENEVA, Oct 31: The G20 group of developing economies in the WTO will meet here next month in a final attempt to drive global trade talks ahead, Brazil’s Foreign Minister Celso Amorim said on Wednesday....
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Company news
ISLAMABAD, Oct 31: British Airways is increasing frequency of its flights between Islamabad and London-Heathrow to six flights a week, to cater to the increased passenger demand between the two countries....
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Palm oil prices
KUALA LUMPUR, Oct 31: Malaysian crude palm oil futures edged higher on Wednesday to stand 1.4 per cent off this week’s record high as investors took positions after the market fell on profit-taking due to lower crude and soyaoil prices....
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