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March 28, 2008 Friday Rabi-ul-Awwal 19, 1429 Current account deficit reaches record $8.4bn KARACHI, March 27: The current account deficit crossed the full year target within eight months of the current fiscal year making the problem as big as it never was for the government yet to be formed in Islamabad.... Oil prices spike above $107 LONDON, March 27: Oil prices jumped above 107 dollars on Thursday as concerns about tight supplies were stoked by news that saboteurs had blown up an Iraqi export pipeline, traders said....   Industrial areas to have own security force KARACHI, March 27: An industrial peacekeeping force would be raised by the development and management companies of Korangi, Landhi, North Karachi and Federal B Area industrial estates to maintain law and order in their respective areas.... Pakistan may face burden of external debt-servicing ISLAMABAD, March 27: Pakistan is likely to face a higher external debt-servicing burden as repayments of rescheduled non-ODA Paris Club stock resume in 2008 and some foreign currency bonds mature.... PR fails to enhance cargo service to India KARACHI, March 27: Exporters are unable to meet the higher Indian cement demand due to irregular and insufficient railway service, which could haul around 150,000 tons per month and fetch around $10.5... Reserves KARACHI, March 27: The total liquid foreign reserves held by the country stood at $ 13,499.1 million on March 22.This was stated in a news release issued by the SBP here on Thursday.... US economy WASHINGTON, March 27: The US economy grew at a tepid 0.6 per cent annual pace in the fourth quarter of last year, the government said on Thursday in a final unrevised reading.... Money rates ease, rupee firmer KARACHI, March 27: Short-term money rates fell sharply on Thursday amid increased liquidity and dealers said they expected rates to remain around current levels for the rest of the week.Overnight... Zarai Bank’s profit up ISLAMABAD, March 27: The Zarai Taraqiati Bank Ltd (ZTBL) has posted pre-tax profit of over Rs1.7 billion in the year ending on Dec 31, 2007.... Cement prices hit all-time highs KARACHI, March 27: The powerful cartel of cement makers continues to cash the rising demand as they have further increased the rate of 50 kg bag by Rs5-10 on Thursday.... Poultry rates up in southern Punjab MULTAN, March 27: With an acute shortfall in the broiler production in the southern Punjab, poultry meat and live bird rates have touched the highest-ever peak in the region.... Dollar regains against euro, yen LONDON, March 27: The dollar clawed back ground on Thursday against the euro and the yen, as dealers took profits before the publication of official economic growth data in the US, analysts said.... Stock market continues upward march KARACHI, March 27: The share market on Thursday maintained its winning streak and sought further higher level as investors continued to build up long positions on banking, oil and cement sectors followed by reports of higher interim profits.... Activity picks up on cotton market KARACHI, March 27: Physical activity on the cotton market on Thursday picked up as some of the ginners lowered their asking prices ending the current standoff between them and the spinners... Karachi Port operations KARACHI, March 27: Three ships carrying containers and to load naphtha are expected to arrive at the outer anchorage on Friday, according to KPT sources.... Port Qasim KARACHI, March 27: Four ships to load and unload containers, cement, palm oil and diesel oil were accommodated berths during the last 24 hours, said a PQA press release on Thursday.... Philippines needs more investment MANILA, March 27: Foreign aid donors on Thursday praised the Philippines for its strong economic growth but warned more investment is needed if growth is to be sustained.... Bumpy road seen for Tata after Jaguar buy NEW DELHI, March 27: India on Thursday revelled in Tata Motors’ purchase of British luxury motoring icons Jaguar and Land Rover even as analysts warned the $2.3bn... Company news KARACHI: Meezan Islamic Fund (MIF), the largest equity fund in the private sector in the country, has received 5-star ranking from JCR-VIS Credit Rating Company. MIF is an open-ended fund of... Mixed trend continues on Asian share markets HONG KONG, March 27: Asian stocks closed mixed on Thursday after another batch of disappointing economic figures in the US shoved Wall Street into negative territory and sent regional players into the wings.... German consumers FRANKFURT, March 27: German consumers have a slightly brighter outlook this month despite chronic financial turbulence, but a full rebound could be hampered by tenacious inflation, a survey by the GfK institute showed on Thursday.... Palm oil prices plunge KUALA LUMPUR, March 27: Malaysian crude palm oil futures fell almost 4 per cent on Thursday as investors booked profit after this week’s strong gains.... Karachi market rates KARACHI, March 27: The following were Thursday’s commodity market rates in rupees....

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