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| November 21, 2007 | Wednesday | Ziqa’ad 10, 1428 |
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FBR assures transparency in goods clearance
KARACHI, Nov 20: Chairman Federal Board of Revenue Abdullah Yousuf said that nobody would be allowed to derail the Customs Administrative Reforms (Care) system, whose primary objective is to facilitate trade by ensuring quick and hassle-free clearance of import goods.... 
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Brave buyers in uncertain market
KARACHI, Nov 20: Two brokers bidding farewell out of the trading hall: “bye, bye”, is overheard and turns to “buy, buy”. Every small investor at the stock market is switching from...
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Ogra okays 6.56pc raise in gas prices from Jan 1
ISLAMABAD, Nov 20: The Oil and Gas Regulatory Authority (Ogra) on Tuesday allowed 6.56 per cent increase in the prescribed prices of natural gas for all consumer categories throughout the country, to be effective from January 1, 2008....
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Dollar sags on US economy concerns
LONDON, Nov 20: The dollar plunged to another historic low point against the euro on Tuesday, as the greenback was plagued by concerns over the US economy amid a global credit squeeze, dealers said....
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Facility centres in textile, garment cities proposed
ISLAMABAD, Nov 20: The caretaker government is considering a proposal to set up “Common Facility Centres” (CFCs) in the proposed Textile and Garment Cities to help improve the efficiency of the Small and Medium Enterprises (SMEs)....
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Oil prices nearing $96 on supply concerns
LONDON, Nov 20: World oil prices rose strongly on Tuesday, nearing $96 a barrel on lingering supply concerns and as the US unit tumbled against major rivals, traders said....
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Irish IT firms holding talks for cooperation
ISLAMABAD, Nov 20: As IT companies take more and more help from outsourcing of service-providers, half a dozen high-tech Irish firms have entered negotiations for cooperation after getting attracted by the rich potential of Pakistan IT industry....
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EDB takes notice of short supply of auto parts
RAWALPINDI, Nov 20: The Engineering Development Board (EDB) has taken serious notice of the problems being faced by manufacturers of automotive parts, and on Tuesday it asked the Pakistan Association of...
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Turkey signs power deal with Iran
ANKARA, Nov 20: Turkey on Tuesday signed an agreement with neighbouring Iran for joint power production projects despite US pressure against investment in the Islamic republic....
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US housing starts rebound
WASHINGTON, Nov 20: US housing starts rebounded 3 per cent in October after falling sharply in the prior month, a government survey revealed on Tuesday....
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China, Asean sign food safety pact
SINGAPORE, Nov 20: China and Southeast Asia on Tuesday signed a pact on food safety at a regional summit here, pledging to cooperate to protect consumers and improve the handling of potential health threats....
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Stocks add 75 points on fresh buying
KARACHI, Nov 20: Stocks on Tuesday maintained their re-...
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Lint prices maintain firm outlook
KARACHI, Nov 20: Cotton market on Tuesday maintained a firm outlook as prices remained stable around the previous levels amid an actively traded session....
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US firm bids for UK bank
LONDON, Nov 20: US private equity group JC Flowers has submitted a takeover bid for stricken British home loan provider Northern Rock, a source close to the matter said....
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UK public finances
LONDON, Nov 20: Britain’s public finances fared badly last month, owing to flat tax revenues and higher government spending, official data showed on Tuesday....
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Karachi Port operations
KARACHI, Nov 20: Four ships carrying containers, crude oil and to load cement are expected to arrive at the outer anchorage on Wednesday, according to KPT sources....
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UAE okays $9.5bn budget
DUBAI, Nov 20: The government of oil-rich United Arab Emirates has approved a 2008 state budget of 34.9 billion dirhams ($9.5 billion), a rise of almost 20 per cent over the previous year, the official WAM news agency reported on Tuesday....
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Asian stocks close mostly down
HONG KONG, Nov 20: Asian stocks closed mostly down on Tuesday but trimmed losses with a clutch of key bourses, including Tokyo and Hong Kong, bouncing into the black despite concerns about the US economy....
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World stocks rebound
LONDON, Nov 20: World stocks trimmed losses on Tuesday with many exchanges rebounding into the black as analysts said a recent global sell-off was overdone, despite lingering concerns about the US economy....
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Malaysian palm oil lower
KUALA LUMPUR, Nov 20: Malaysian crude palm futures fell 0.7 per cent on Tuesday, struck down by losses in rival soyaoil during Asian hours despite an increase in exports, traders said....
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