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November 02, 2007 Friday Shawwal 20, 1428 Portfolio investment reaches record level KARACHI, Nov 1: Highest-ever inflow of foreign exchange was witnessed in a single month, which was a record for Pakistani stock market.... Flour, pulses, poultry, rice become costlier KARACHI, Nov 1: Barring some vegetables, prices of almost all essential items notably flour varieties, pulses, ghee and cooking oil, rice, tetra milk, poultry products etc.,...   Aptma opts lint imports to stabilize local prices LAHORE, Nov 1: Textile spinners on Thursday decided to restrain their purchase of domestic cotton for next four days and escalate imports in a bid to stabilise the market that has... Customs duty collection falls by Rs29.14m KARACHI, Nov 1: Revenue collection on account of customs duty during first quarter (July-Sept) of current fiscal showed a nominal decline of Rs29.14 million at Rs22.460... Oil jumps to record above $96 LONDON, Nov 1: The price of oil on Thursday rocketed to a record $96.24 per barrel on worries over tight supplies, before sliding on profit-taking, dealers said.... FWB earns Rs256m profit in 2006 KARACHI, Nov 1: The First Women Bank earned a pre-tax profit of Rs256 million in the year 2006 against Rs220 million last year.... Stocks fall like ninepins on rumours of emergency KARACHI, Nov 1: The KSE 100-share index on Thursday took another massive plunge of 390 points or 2.7 per cent on panic-selling triggered by rumours of imposition of martial law or... UBL Funds, KASB Bank Announce results KARACHI, Nov 1: Scores of stock market-listed companies announced their results on Thursday.... Firms misuse free market economy to boost profits ISLAMABAD, Nov 1: Contrary to the economic theory, consumers in Pakistan do not get benefit of price reduction despite upsurge in production owing to markets being ruled by monopolists.... JS Capital Protected Fund III raises Rs1.36bn KARACHI, Nov 1: JS Investments Limited (formerly known as JS Abamco Limited) announced that it had successfully raised Rs1.36 billion in recently launched JS Capital Protected Fund III (CPF III).... Dollar recovers slightly against euro LONDON, Nov 1: The dollar clawed back some ground against the euro on Thursday after slumping to a record low overnight as the Federal Reserve cut US interest rates as expected.... New steel mill KARACHI, Nov 1: The first phase of construction of the second steel mills in Pakistan being set up by Saudi investors Al- Tuwairiqi Group of companies in Karachi was launched on Wednesday near Port Qasim adjacent to Pakistan Steel.... Hyundai to boost sales in India BANGALORE, Nov 1: The Indian arm of South Korean carmaker Hyundai said on Thursday it plans to boost car sales by two-thirds next year, using a new manufacturing plant to close the gap on market leader Suzuki.... Prices stay firm amid active lint demand KARACHI, Nov 1: Cotton prices on Thursday remained stable around the previous levels as spinners were not inclined to go beyond the level of Rs3,200 per maund for their export parity reasons.... Karachi Port operations KARACHI Nov 1: Ten ships including three to load cement and clinker are expected to arrive at the outer anchorage on Friday, according to KPT sources.... Port Qasim KARACHI, Nov 1: Three ships to load/offload containers, chemicals and furnace oil were accommodated berths during the last 24 hours, said a PQA press release on Thursday.... CBR formally converted into FBR ISLAMABAD, Nov 1: On completion of all legal formalities, the government on Thursday formally converted the Central Board of Revenue (CBR) into Federal Board of Revenue (FBR) as part of tax administration reform project.... India’s trade gap narrows NEW DELHI, Nov 1: India’s trade deficit narrowed by almost $2 billion in September from a year ago as exports surged despite strong rupee gains against the dollar, the government said on Thursday.... Strauss-Kahn takes charge at IMF WASHINGTON, Nov 1: Former French finance minister Dominique Strauss-Kahn formally took charge of the International Monetary Fund on Thursday pledging to overhaul the institution’s relevance and finances.... Cellphone service KARACHI, Nov 1: Warid Telecom has added ZEM prepaid international roaming service to its international roaming product portfolio for its prepaid customers.... Asian stock markets close mixed HONG KONG, Nov 1: Asian stocks saw mixed fortunes on Thursday with many investors remaining cautious about the outlook for the US economy despite the Federal Reserve’s latest interest rate cut.... European stocks slip LONDON, Nov 1: European stock markets slid on Thursday despite an overnight rally on Wall Street, as investors digested another US interest rate cut and runaway crude oil prices.... Palm oil prices higher JAKARTA, Nov 1: Indonesian crude palm oil prices rose 1.4 per cent to a fresh high of 7,886 rupiah ($0.868) a kg on Thursday, boosted by gains in the Malaysian market.... Gold nears $800 on inflation worries LONDON, Nov 1: Gold prices hit a 28-year high on Thursday, a hair’s breadth away from the key $800 mark, stoked by a tumbling dollar, record-high oil and inflation concerns....

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