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| November 17, 2007 | Saturday | Ziqa’ad 06, 1428 |
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Slight fall in Oct core inflation recorded
ISLAMABAD, Nov 16: The core inflation – non-food and non-energy -- exhibited a slight decline as it stood at 5.7 per cent in October 2007 as against 5.8... 
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India buys 35,000 tons cement from Pakistan
NEW DELHI, Nov 16: India has imported 35,000 tons of cement from Pakistan during the last three months....
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Poultry sector to get bank loans
KARACHI, Nov 16: Poultry industry, which produces 20 per cent of the total meat production, may get bank loans to improve and modernise the industry, and meet the capital requirement for running and stabilising business....
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Pakistan uged to import 4,000MW from CARs
ISLAMABAD, Nov 16: The World Bank has advised Pakistan to start working on import of 4,000MW of cheap electricity from Central Asian states, besides working on domestic sources to overcome electricity...
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Dollar slides on dismal US data
LONDON, Nov 16: The dollar weakened against the euro here on Friday on economic data from Washington, notably on industrial output, that painted a bleak picture of the US economy....
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Implications of rising biofuel use unknown : Food security, poverty
RAWALPINDI, Nov 16: The recent high petroleum prices were creating new markets for agricultural products that can be used as feedstock for the production of biofuels, said a new report of the Food and Agriculture Organisation (FAO) of the United Nations....
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Oil prices rebound
LONDON, Nov 16: Oil prices rose back above $95 on Friday on predictions that Opec will not discuss raising output at its weekend summit and amid fresh tensions over Iran....
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Opec readies for summit
RIYADH, Nov 16: Opec ministers on Friday hammered out the agenda for a rare summit of the cartel this weekend, with record oil prices, the environment and Venezuelan pressure to politicise the group set for discussion....
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Oil, gas Discovery in Sindh
KARACHI, Nov 16: The Oil and Gas Development Company Ltd (OGDCL) on Friday announced a small oil and gas discovery in Sindh which will raise company’s oil output by 229 bpd and gas by 10.46...
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India’s power deficit hits 10-year high
NEW DELHI, Nov 16: India’s peak power deficit touched a 10-year high of 14.6 per cent between April and October, new data shows, due to an exceptional spurt in demand and worse-than-expected capacity addition....
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US securities
WASHINGTON, Nov 16: Foreign acquisition of long-maturity US securities totalled $5.8 billion (euro3.96 billion) in September, recovering from record sales the previous month, according to a US Treasury Department report released on Friday.—AP...
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Singapore key exports
SINGAPORE, Nov 16: Singapore’s main exports rose at an annual rate of 6.8 per cent in October, boosted by robust shipments of petrochemical and pharmaceutical goods, the government said on Friday....
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Eurozone trade surplus rises in Sept
BRUSSELS, Nov 16: The eurozone saw a sharp improvement in its trade surplus in September despite the strength of the 13-nation bloc’s shared currency, official EU data showed on Friday....
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Stocks cut losses on selected buying
KARACHI, Nov 16: The share market on Friday resisted larger fall as a section of investors covered positions on selected counters at the attractively lower levels signalling that the worst may now be over.“All...
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Indian inflation edges higher
NEW DELHI, Nov 16: India’s inflation rate has risen to 3.11 per cent, driven by higher food and petrol product prices, but still is riding at five-year lows, official data showed on Friday....
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Lint prices rise on active buying
KARACHI, Nov 16: Cotton prices on Friday showed a modest increase of Rs25 per maund as spinners continued to build-up long positions at the prevailing prices....
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Hong Kong GDP up 6.2pc
HONG KONG, Nov 16: Hong Kong’s economy in the third quarter to September remained robust, growing 6.2 per cent year-on-year, the government said, on the back of strong private consumption....
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Karachi Port operations
KARACHI, Nov 16: Nine ships carrying steel plates, general cargo and containers are due to arrive at the outer anchorage on Saturday, according to KPT sources....
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Port Qasim
KARACHI, Nov 16: Four ships scheduled to load/offload containers, edible oil and diesel oil were accommodated berths during the last 24 hours, said a PQA press release on Friday....
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Company news
KARACHI, Nov 16: JCR-VIS Credit Rating Company has maintained the entity ratings of Taurus Securities Limited (TSL) at ‘A-/A-2’ (Single A minus/A-Two), says a press release....
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China hike seen likely as investment rises
BEIJING, Nov 16: Chinese urban fixed asset investment gained pace in the first 10 months of 2007, official data showed on Friday, capping a week of strong data that has raised expectations of an interest rate hike....
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Mobile TV projects
MADRID, Nov 16: Spanish infrastructure and telecoms conglomerate Abertis said on Friday it had reached an agreement with the Chinese government to develop mobile television projects....
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Asian stocks close down amid US woes
HONG KONG, Nov 16: Asian stocks closed down on Friday with Hong Kong sliding 4.0 per cent after shares tumbled in the US over concerns about the health of the world’s biggest economy....
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Gold price recovers
LONDON, Nov 16: Gold regained strength on Friday as bargain hunters and investors resurfaced to take advantage of the metal’s sharp drop the previous day....
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Palm oil tumbles
KUALA LUMPUR, Nov 16: Malaysian crude palm futures tumbled on Friday as financial players scrambled to book profits following comments from country’s commodities minister that demand was being hurt by soaring prices....
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Karachi market rates
KARACHI, Nov 16: The following were Friday’s commodity market rates in rupees....
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