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February 16, 2008 Saturday Safar 08, 1429 March 2005 market crash and Benazir’s assassination KARACHI, Feb 15: How much did it cost the country to commission the team of forensic investigators in order to establish the cause of death of Benazir Bhutto on Dec 27?... Roosevelt Hotel sell-off ordered ISLAMABAD, Feb 15: The Cabinet Committee on Privatisation (CCoP) here on Friday directed the Privatisation Commission (PC) to arrange a presentation indicating various options and modes of privatisation by the financial...   Dollar breaches Rs63 barrier on short supply KARACHI, Feb 15: The US dollar on Friday breached psychological barrier of Rs63 posing serious threat to the exchange rate mechanism and creating more space for further upward movement.... Stocks close pre-election session on steady note KARACHI, Feb 15: The stock market on Friday closed the pre-election session on a steady note amid selective price flare-up and active trading, leaving a level-playing ground for both the bulls and bears during the post-election session.... Euro gains LONDON, Feb 15: The dollar suffered losses against the euro on Friday on heightened fears the US economy was heading toward recession.... Oil tops $96 on supply worries LONDON, Feb 15: Oil prices topped $96 on Friday as global supply concerns were stoked by persistent fears over problems in Nigeria and Venezuela, traders said.... Vegetable rates shoot up KARACHI, Feb 15: After an increase in prices of ghee, cooking oil and tea on Thursday, consumers received a further pre-election setback owing to a price flare-up of almost all vegetables.... Surcharge withdrawn KARACHI, Feb 15: Foreign shipping lines, which had earlier imposed congestion surcharge on import cargo, have withdrawn the same from Feb 11, shipping lines sources said.... Tarin to step down as KSE chief KARACHI, Feb 15: Mr Shaukat Tarin would cease to hold the office of chairman of the Karachi Stock Exchange from next month, it was learnt on Friday.... PSO declares cash dividend KARACHI, Feb 15: The Pakistan State Oil’s board of management has declared a cash dividend of Rs6 per share to its shareholders for the first half of financial year 2007-08 ended Dec 31, 2007.... WTO ideas on Doha impasse gets mixed reaction GENEVA, Feb 15: Developing countries on Friday welcomed WTO proposals to reduce barriers to farm trade but voiced reservations on those calling for a further opening of their own markets for industrial goods.... MCB Bank declares highest profit KARACHI, Feb 15: MCB Bank has so far emerged as the best-performing bank in terms of profits and earning per share as the National Bank of Pakistan has yet to declare its results.... China’s trade surplus climbs by 22.6pc BEIJING, Feb 15: China’s trade surplus climbed 22.6 per cent in January from the same month a year ago, state media said on Friday, but economists said a stronger currency could soon put a dent in the rising trend.... Body on auto industry meets RAWALPINDI, Feb 15: The first meeting of Auto Industry Development Committee (AIDC) was held here on Friday.... Karachi Port operations KARACHI, Feb 15: Eight vessels carrying chemicals and containers are due to arrive at the outer anchorage on Saturday, according to KPT sources.... Port Qasim KARACHI, Feb 15: Berthing activity was dull as only container vessel was accommodated berth during the last 24 hours, said a PQA press release on Friday.... CSF report on Pakistan being prepared KARACHI, Feb 15: The Governor of State Bank of Pakistan, Dr Shamshad Akhtar, has asked the Competitive Support Fund (CSF) to prepare an action-oriented report, with clear implications to Pakistan’s sectors to improve its competitiveness on a global footing.... WB team visits Overseas Chamber KARACHI, Feb 15: A delegation comprising Yusupha Crookes, Country Director of the World Bank and his team held an interactive session with Zubyr Soomro, President, Overseas Investors Chamber of Commerce and Industry and members at the Chamber.... Electioneering mars cotton trading KARACHI, Feb 15: Trading on the cotton market on Friday remained insipid as major trading centres were closed owing to weekly holiday and a good bit of electioneering by some of the leading ginners.... Japan keeps rates steady TOKYO, Feb 15: The Bank of Japan left its super-low interest rates unchanged Friday amid fears of slowing growth or even recession in Asia’s largest economy due to the widening fallout from the US subprime loan crisis.... European shares plunge on US woes LONDON, Feb 15: European stock markets closed sharply lower on Friday, hit by further losses on Wall Street after much weaker-than-expected US economic data unsettled already nervous investors again.... Asian shares down on Bernanke’s comments HONG KONG, Feb 15: Asian shares closed mostly down on Friday after gloomy comments about the US economy from the head of its central bank, but some key bourses still managed to rise over the week.... Malaysian palm oil up KUALA LUMPUR, Feb 15: Malaysian crude palm oil futures rose 2.7 per cent to a new high on Friday as China rushed to lock in supplies, while the global appetite for... Platinum higher LONDON, Feb 15: Platinum rose more than 1 per cent on Friday to trade just below record highs above $2,000 an ounce as investors bet on strong prices due to output losses in top producer South Africa.... Karachi market rates KARACHI, Feb 15: The following were Friday’s commodity market rates in rupees....

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