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| November 25, 2007 | Sunday | Ziqa’ad 14, 1428 |
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Rs30bn subsidy fails to push textile exports
KARACHI, Nov 24: After claiming about Rs30 billion as cash subsidy, concessions on bank loan rates and also on export refinance in last 30 months, the textile sector has shown an... 
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Crisis in cotton economy deepening
KARACHI, Nov 24: As crisis in cotton economy is deepening, it is causing anxiety and uncertainty in textile industry which is looking for a way out by ensuring supply of quality...
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Smuggling of scrap alarms Gadani shipbreakers
QUETTA, Nov 24: Massive smuggling of scrap from Iran and Afghanistan is badly affecting Gadani Shipbreaking industry as scrap is reaching market without any check. The chairman of Pakistan Shipbreakers Association,...
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WB warns against deadly wheat plant rust
ISLAMABAD, Nov 24: The World Bank (WB) has warned that Ug99, a new race of deadly stem rust, which has dramatically emerged recently, is expected to attack the wheat growing areas of South Asia....
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CFS rates show modest increase
KARACHI, Nov 24: The CFS rates on the Karachi Stock Exchange last week posted a fresh modest rise for the second week in a row boosted by strong demand for more funds in a rising market, analyst Muhammad Ali said....
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S. Arabia cuts key deposit rate
RIYADH, Nov 24: Saudi Arabia cut some borrowing costs on Saturday to relieve pressure on its dollar-pegged currency that has mounted on growing bets Riyadh will allow the riyal to appreciate, bankers said....
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Prices of 18 kitchen items go up
ISLAMABAD, Nov 24: Prices of 18 essential kitchen items witnessed an upward trend during the week ending Nov 23 over previous week, according to statistics released by the Federal Bureau of Statistics (FBS) here on Saturday....
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KSE elections lack hustle and bustle
KARACHI, Nov 24: Stock brokers glance with a yawn at the schedule of elections of directors to the Board of Karachi Stock Exchange, pasted on the notice board....
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SBP guidelines for branchless banking
KARACHI, Nov 24: Banking has been brought to ground level as banking services will now be offered on mobile phone, petrol pumps, post office, courier companies, chain of stores, etc....
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Automation project to expedite tax collection
ISLAMABAD, Nov 24: A fast track tax payment and transmission system will be operational from December 1, which will not only overcome procedural pitfalls in tax deposits but also be instrumental in unearthing understatement of income and tax avoidance....
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Opec eyeing lead role in major global issues
RIYADH, Nov 24: Despite all the fireworks, intense and at times heated debate, the Opec summit in Riyadh – only the third in its history - ended up earlier in the week assuring ‘adequate, timely and sufficient’ oil supplies....
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Listless trading on cotton market
KARACHI, Nov 24: Physical activity on the cotton market on Saturday came to a grinding halt as ginners stopped buying phutti owing to crisis-like situation developing on the growers’ front....
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Karachi Port operations
KARACHI, Nov 24: Seven ships carrying soyabean oil, jute and to load rice and cement are due to arrive at the outer anchorage on Sunday, according to KPT sources....
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Port Qasim
KARACHI, Nov 24: Four ships scheduled to load/offload containers, rice, chemicals and LPG were accommodated berths during the last 24 hours, said a PQA press release on Saturday....
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7 deputy collectors promoted
KARACHI, Nov 24: The FBR has promoted seven deputy collectors of Customs and Excise group (BS-18) to the post of additional collector in BS-19 with immediate effect....
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Oil and gold surge, base metals extend losses
LONDON, Nov 24: The price of crude oil surged to a record peak close to $100 a barrel in New York trading this week on the back of a falling US currency and tight energy supplies....
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‘China to be cautious with HK investment’
BEIJING, Nov 24: China will proceed prudently with plans for a landmark scheme permitting mainland residents to invest directly in Hong Kong stocks for the first time, Premier Wen Jiabao said in remarks reported on Saturday....
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Dollar closes lower
NEW YORK, Nov 24: The dollar remained weighed down on Friday by concerns that the world’s largest economy could lose momentum in future months leading to fresh interest rate cuts....
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