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November 16, 2007 Friday Ziqa’ad 05, 1428 60 per cent fall in retail sales : Oct 18 carnage, emergency KARACHI, Nov 15: Retailers of various items said on Thursday that overall sales have declined by 50 to 60 per cent while commodity wholesalers claim that lifting of goods by retailers... Auto industry plan approved ISLAMABAD, Nov 15: The government has approved the Auto Industry Development Programme (AIDP) to provide a predictable and transparent investment opportunity....   Govt to pay half of PTCL staff layoff cost ISLAMABAD, Nov 15: The government will pay over Rs17 billion out of public money as 50 per cent share of Rs35 billion layoff cost of rendering more than 29,000 employees of Pakistan Telecommunications Company Limited jobless through voluntary separation scheme (VSS).... Indian lint import via land sought KARACHI, Nov 15: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has asked the government to allow import of cotton from India through land route.... Oil prices slide on low demand estimates LONDON, Nov 15: World oil prices fell sharply on Thursday on easing supply concerns as Opec lowered its estimate for demand growth and the US government revealed a surprise increase to crude stockpiles, traders said.... SECP re-elected to IOPS ISLAMABAD, Nov 15: The International Organisation of Pension Supervisors (IOPS) has re-elected the Securities and Exchange Commission of Pakistan (SECP) as member of the executive committee along with Chile, India, Italy and Jordan.... Pakistan to raise NTBs issue at Saarc meeting ISLAMABAD, Nov 15: Pakistan will raise the issue of non-tariff barriers (NTBs) later this month at a special Saarc meeting on a plea that these barriers restrict export of Pakistani essential commodities to the highly protected Indian market, Dawn has learnt.... Banks add Rs25bn to NPLs in nine months KARACHI, Nov 15: Despite much slower credit disbursement, the commercial banks’ non-performing loans (NPLs) have started piling up which is in contrast to last year’s trend.... Developing states hopeful of WTO deal GENEVA, Nov 15: Developing countries said on Thursday a successful global trade deal is “within our grasp,” despite substantial differences with richer countries on agriculture and internal splits over industrial goods.... Euro slips against dollar LONDON, Nov 15: The euro slipped against the dollar here on Thursday following US inflation data that analysts said could make it more difficult for the Federal Reserve to cut interest rates.... Urea import KARACHI, Nov 15: The Trading Corporation of Pakistan (TCP) will import 150,000 metric tons of urea from Saudi Arabia to meet the domestic demand.... Reserves KARACHI, Nov 15: Pakistan’s total liquid foreign exchange reserves went up by $15 million to more than $16.387 billion this week.... Stocks suffer more losses on political uncertainty KARACHI, Nov 15: Political uncertainty continued to take its toll on the share market on Thursday as a section of leading investors, including some foreign ones sought an honorable exit but failed to find willing buyers even at the declining prices.... Oil production ISLAMABAD, Nov 15: The daily production of oil has reached around 70,000 barrels and gas over 4 billion cubic feet in the country this year.... Sindh receives 4th batch of 194 internees : NIP coming to an end KARACHI, Nov 15: As the National Internship Programme (NIP) approaches its end with the arrival of fourth batch of 194 incumbents in Sindh, the fate of scores of internees still hangs... Karachi Port operations KARACHI, Nov 15: Five ships carrying containers and to load cement are expected to arrive at the outer anchorage on Friday, according to KPT sources.... Trading gets firm on stable cotton prices KARACHI, Nov 15: Cotton market on Thursday maintained a firm outlook as prices remained stable around the previous levels amid an actively traded session.... BD to house Saarc standards organisation DHAKA, Nov 15: Bangladesh will house the Saarc standards body in Dhaka for institutionalising the process of standardisation of various goods to be traded among the eight-member South Asian bloc, reports a Dhaka based English language daily on Thursday.... Port Qasim KARACHI, Nov 15: Shipping activity gets slow at Port Qasim where only one ship carrying containers was accommodated on berth at QICT during the last 24 hours, says a PQA press release.... BD to double its textile exports DHAKA, Nov 15: Bangladesh expects to nearly double its earnings from textile exports by 2010 despite stiff competition in the global market, a textile sector leader said on Thursday.... Asian stocks close mostly down HONG KONG, Nov 15: Asian stocks closed mostly down on Thursday with investors taking profits as concerns about US economic prospects loomed once again.... European shares slide LONDON, Nov 15: European stocks dropped on Thursday after losses returned to Asian bourses and Wall Street overnight as markets again focused on worries over the global credit squeeze, dealer said.... Malaysian palm oil firmer KUALA LUMPUR, Nov 15: Malaysian crude palm futures ended firmer on Thursday, after a volatile session as the market was torn between steady export growth estimates from cargo surveyors and declines in soyaoil and crude markets.... Karachi market rates KARACHI, Nov 15: The following were Thursday’s commodity market rates in rupees....

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