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| March 13, 2008 | Thursday | Rabi-ul-Awwal 4, 1429 |
Steel bar prices up to Rs65,000
KARACHI, March 12: Prices of steel bars surged to Rs65,000 per ton on Wednesday as compared to Rs53,000 per ton two months back....
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Austrians eye joint ventures
LAHORE, March 12: There is a great potential for stronger economic and trade ties between Pakistan and Austria and the Lahore Chamber of Commerce and Industry (LCCI) could play an effective role in multiplying the existing trade volume....
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Hub estate free from IPR violations
KARACHI, March 12: The Intellectual Property Organisation (IPO) has declared Hub Industrial Estate as free from intellectual property rights (IPR) violations....
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Oil strikes all-time high at $109.85
LONDON, March 12: Oil prices hit a record high $109.85 on Wednesday as the dollar plumbed new all-time lows against the euro, which overshadowed news of a rise for US energy inventories, traders said....
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Steps being taken to boost dairy investment
KARACHI, March 12: The Board of Investment (BoI) is taking steps to boost investment in dairy farming sector....
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KSE 100-share index soars above 15,000
KARACHI, March 12: The Karachi Stock Exchange (KSE) 100-share index on Wednesday soared above the barrier of 15,000 points aided by strong short-covering in the leading base shares on some positive...
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Another wheat crisis brewing
KARACHI, March 12: Another wheat and flour crisis is brewing owing to belated announcement of unrealistic procurement price by the government....
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ABL arranges Rs13bn for Maple Leaf
KARACHI, March 12: Allied Bank will provide the largest financing of Rs13 billion to a cement factory in Pakistan....
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$8bn telecom investment
ISLAMABAD, March 12: Telecom companies have invested over eight billion dollars during the last four years, particularly in the mobile sector whose investment share accounts for 73 per cent....
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SECP takes note of NIB Bank’s ‘oversight’
Sher Baz Khan...
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Dubai’s interest in KSE termed a good omen
ISLAMABAD, March 12: The reported interest by the Dubai Stock Exchange to take a 40 per cent stake in the Karachi Stock Exchange (KSE) would ultimately prove a good omen for the both....
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Dollar hits new low vs euro
LONDON, March 12: The dollar plunged to new lows against the euro on Wednesday as the impact of central bank action to bolster ailing credit markets faded, leaving players focused on an expected cut in US interest rates next week....
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6-month T-bill cut-off yield at 9.8686pc
KARACHI, March 12: The cut-off yield on benchmark 6-month bills rose at an auction on Wednesday to 9.8686 per cent from 9.8024 per cent, the central bank said....
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Karachi Port operations
KARACHI, March 12: Four ships carrying containers and crude oil are due to arrive at the outer anchorage on Thursday, according to KPT sources....
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Port Qasim
KARACHI, March 12: Two ships to unload canola seeds and chemicals were accommodated berths during the last 24 hours, said a PQA press release on Wednesday....
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Lint prices rise as NY futures rebound
KARACHI, March 12: Cotton prices on the local market on Wednesday quoted higher by Rs50 to Rs100 per maund after a relative lull for the last couple of sessions....
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Services export falls by 29pc
ISLAMABAD, March 12: The services sector exports declined by 29 per cent in the first seven months (July-January) of the current fiscal year to $1.621 billion against $2.283...
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Reframing of investment policy urged
ISLAMABAD, March 12: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has urged the government to reframe policy to enhance foreign investment in the country....
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Gold rises on weaker dollar
LONDON, March 12: Gold gained on Wednesday on a struggling dollar and strong oil prices, and analysts said the metal was expected to trade in range in the near term....
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Asian stock markets sharply higher
HONG KONG, March 12: Asian stocks rose sharply on Wednesday after the US and other central banks triggered a Wall Street surge by agreeing a huge cash injection into ailing credit markets....
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Palm oil futures lower
KUALA LUMPUR, March 12: Malaysian palm oil futures slipped more than 3 per cent on Wednesday as China’s Dalian soyoil market plunged on fresh concerns that Beijing may release more vegetable oil stocks to arrest spiralling inflation....
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Karachi market rates
KARACHI, March 12: The following were Wednesday’s commodity market rates in rupees....
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