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| March 23, 2008 | Sunday | Rabi-ul-Awwal 14, 1429 |
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Cellphone imports dip 21pc in Feb
KARACHI, March 22: There has been a slowdown in import of mobile phones and a leading importer has attributed the decline to reasons like rising food inflation, increase in snatching incidents,... 
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Flour mills seek cut in cash margin on credits
KARACHI, March 22: Flour millers have urged the State Bank of Pakistan to reduce cash margin on their bank credits from 25 to 10 per cent, and also to resume the facility of running finance for their businesses....
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Oil import bill up by 33.6pc in 8 months
ISLAMABAD, March 22: The country’s oil import bill soared by 33.68 per cent during the first eight months of the current fiscal year causing fast depletion in the foreign exchange reserves....
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New policy to offer 1m jobs annually: Resource mobilisation
ISLAMABAD, March 22: Official planners have finalised recommendations to merge the informal sector into the formal one to achieve new resource moblisation, particularly by encouraging development of cottage industry across the country....
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‘Trade across LoC to start in 3 months’
NEW DELHI, March 22: Indian Minister of State for Commerce and Industry Jairam Ramesh has said trade across Line of Control (LoC) will start within three months....
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US, S. Arabia discuss chaotic oil markets
RIYADH, March 22: US Vice President Dick Cheney and Saudi King Abdullah discussed chaotic energy markets here, focusing primarily on medium-and long-term ways to promote stability, a US official said on Saturday....
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CSF doing survey on Pakistan’s economy
ISLAMABAD, March 22: The Competitiveness Support Fund (CSF) is in the process of carrying out the 2008 executive opinion survey to rank Pakistan’s economy for the WEF Global Competitiveness Report 2008-09....
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Investment treaty with Prague likely
LAHORE, March 22: A task force has been set up to formulate recommendations for increasing economic cooperation with the Czech Republic with maximum participation of the private sector....
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Prices of 27 items go up
ISLAMABAD, March 22: The weekly inflation, measured through the Sensitive Price Index (SPI), increased by 17.07 per cent during the week ended on March 21, over the corresponding period last year, according to the Statistics Division data issued on Saturday....
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Textile exports down
ISLAMABAD, March 22: The textile and clothing exports declined by 2.92 per cent to $6.831 billion during the first eight months (July-Feb) of the current fiscal year from $7.03...
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Investment under CFS rises
KARACHI, March 22: The CFS investment on the Karachi Stock Exchange last week showed and increase of two per cent reflecting investor confidence in the share market’s viability in the coming weeks....
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BoE, Fed deny mortgage plan
LONDON/WASHINGTON, March 22: The Federal Reserve and Bank of England denied a report on Saturday that they were in talks over possibly using public funds to make mass purchases of mortgage-backed securities to ease the global credit crisis....
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Banks investment doubles in eight months
KARACHI, March 22: Banks investment in government papers doubled between July 2007 and February 2008, reflecting a lower credit growth towards the economy....
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Cotton market lacks lustre
KARACHI, March 22: Trading activity on the cotton market on Saturday remained insipid as both ginners and spinners appeared to be still in holiday mood and did not make fresh commitments....
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Karachi Port operations
KARACHI, March 22: Six ships carrying containers and gas oil are expected to arrive at the outer anchorage on Sunday, according to KPT sources....
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US sanctions against Iran
WASHINGTON, March 22: The US slapped sanctions on British and Armenian firms on Friday for unauthorized re-exports of aircraft to Iran, officials said....
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IMF increases scrutiny of sovereign wealth funds
WASHINGTON, March 22: The International Monetary Fund signalled on Friday that it was ratcheting up its scrutiny of sovereign wealth funds (SWFs) due to their rapidly growing financial clout....
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‘Exchange rates don’t reflect reality’
LJUBLJANA, March 22: Global exchange rates should reflect economic fundamentals, which is not the case now, Slovenian Finance Minister Andrej Bajuk said in an interview with local daily Delo published on Saturday....
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Port Qasim
KARACHI, March 22: Six ships carrying containers, palm oil, wheat, chemicals and diesel oil were accommodated berths during the last 24 hours, said a PQA press release on Saturday....
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