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January 11, 2008 Friday Muharram 01,1429 Small farmers to get loans without collateral KARACHI, Jan 10: The State Bank of Pakistan has developed a financing scheme on group-based methodology for small farmers involved in crop and non-crop activities to improve access to finance to... Exporters fail to boost earnings: Cheap financing KARACHI, Jan 10: The State Bank of Pakistan on Thursday disclosed that despite doling out much higher amount of cheap money under the Export Finance Scheme (EFS), the exporters had been...   Stocks finish lower on renewed selling KARACHI, Jan 10: Stocks on Thursday again finished lower after an early rally was intercepted by renewed selling triggered by reports of bomb blast in Lahore, killing more than two dozen and injuring over five dozen persons.... Rupee seen Recovering after political turmoil ends KARACHI, Jan 10: The rupee is expected to recover from a six-year low against the dollar once the political situation stabilises, the central bank governor said on Thursday.... Cotton estimate may be revised MULTAN, Jan 10: The Cotton Crop Assessment Committee is expected to revise its cotton crop assessment from 14.1 to 11.00 million bales in a meeting here on Friday, Dawn has learnt.... Euro sharply higher LONDON, Jan 10: The euro rose sharply against the dollar late Thursday after the European Central Bank and the Bank of England both left their key lending rates unchanged, dealers said.... Meeting to take up coal upfront tariff issue today KARACHI, Jan 10: The issue of an upfront tariff for coal-fired electric power generation plants to be based on coal excavated from Thar, Badin and Lakhra mines in Sindh is on... Country condition for wheat import withdrawn ISLAMABAD, Jan 10: The Trading Corporation of Pakistan (TCP) has lifted the condition of country specific import of wheat and would now open its tender for 610,000 tons of wheat on January 16, officials told Dawn on Thursday.... Risks to economy rising, says report ISLAMABAD, Jan 10: Risks to Pakistan’s economy are rising due to unstable politics which might impact the prospects for foreign investments, says Merrill Lynch.... Costly DAP to hit wheat crop size this year LAHORE, Jan 10: The shortage of DAP fertiliser in the market for the current wheat crop has pushed up the price of the chemical to Rs1,825 per 50kg bag from Rs925 last year, reducing its usage by half a million bags.... Oil prices Extend losses LONDON, Jan 10: Oil prices extended heavy recent losses on Thursday, with traders focusing on worries about slower US economic growth which would dampen global demand for crude, traders said.... World’s cheapest car unveiled NEW DELHI, Jan 10: India’s Tata Group unveiled on Thursday a $2,500 car billed as the world’s cheapest.... Cotton prices ease as mills slow down intake KARACHI, Jan 10: Cotton prices on Thursday modestly eased from the recent higher levels as mills slowed down their daily intake in an apparent effort to forestall fresh speculative rise, analysts said.... Karachi Port operations KARACHI, Jan 10: Six ships carrying general cargo, chemicals and to load cement are due to arrive at the outer anchorage on Friday, according to KPT sources.... Port Qasim KARACHI, Jan 10: Shipping activity remained active at the Port Qasim where two ships C V ACX Jasmine and M T Yanaseni, carrying containers and chemicals took berths at the Qasim International Container Terminal and Engro terminal, respectively, on Wednesday.... FBR urged to extend date for tax returns KARACHI, Jan 10: The All-Pakistan Tax Bar Association (APTBA) has urged the Federal Board of Revenue (FBR) to extend the date for filing of returns of total income in respect of corporate sector to Jan 31.... BoE avoids further rate cut LONDON, Jan 10: The Bank of England on Thursday left its key interest rate at 5.50 percent, opting against a second cut in a row despite the twin threats of rising inflation and slowing economic growth.... Developing Asian states seen growing at slow rate RAWALPINDI, Jan 10: Developing countries in Asia and the Pacific region are expected to see a moderate slowdown in economic growth, from 8.2 per cent in 2007 to 7.8... Asian stocks HONG KONG, Jan 10: Asian shares closed mostly down on Thursday with Japanese stocks sliding to a near 19-month low as investors turned cautious over a cloudy global economic outlook.... Karachi market rates KARACHI, Jan 10: The following were Thursday’s commodity market rates in rupees.... Gold falls but holds near record high LONDON, Jan 10: Gold softened in choppy trade on Thursday but held near record highs, with dealers expecting the market to undergo a period of consolidation before hitting the $900 an ounce target....

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