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| May 21, 2008 | Wednesday | Jamadi-ul-Awwal 15, 1429 |
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Orix Bank tries rebuilding life
KARACHI, May 20: Orix Investment Bank Pakistan Limited announced at the stock exchange on Tuesday that it proposed to raise capital up to Rs500 million by the issue of convertible, non-voting... 
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Pakistan equity roundtable held in London
KARACHI, May 20: The Securities and Exchange Commission of Pakistan (SECP), in collaboration with the FTSE Group (the global Index providers), arranged a “Pakistan equity roundtable” in London on May 15, a statement released by the SECP said on Tuesday....
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$5m ADB loan
RAWALPINDI, May 20: The Asian Development Bank has agreed to provide a technical assistance loan worth $5 million to Pakistan from its special funds resources aimed at increasing farm income and...
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CCP okays MCB Bank’s deal with Maybank
KARACHI, May 20: The Competition Commission of Pakistan (CCP) has approved an agreement singed on May 3 to sell 20 per cent shares of the MCB Bank to the Maybank of Malaysia....
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Efforts to cut trade deficit urged
ISLAMABAD, May 20: The Senate Standing Committee on Commerce on Tuesday called for serious efforts to cut the rising trade deficit and revive the industrial and manufacturing sector in the country....
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Grey cloth prices jump on high demand
FAISALABAD, May 20: Prices of grey fabrics have registered a sharp increase because of the textile exporters’ influx into the markets....
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Stocks fall slows down
KARACHI, May 20: After a steep fall earlier stocks showed smart recovery followed by active short-covering at the lower levels on the blue chip counters triggered partly by positive signals from...
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FIA to help exporters on double bill of lading
KARACHI, May 20: The Federal Investigation Agency (FIA) chief assured exporters on Monday that cases pertaining to issuance of double bill of lading (D/L) by freight forwarders would be taken up,...
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Prices of sugar, pulses go up again
KARACHI, May 20: Prices of sugar and some pulses increased further....
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Oil crosses $129/barrel on tight supplies
LONDON, May 20: The price of oil rocketed to a record high $129.58 on Tuesday as investors dived into a market driven higher by concerns about tight global energy supplies and strong demand, analysts said....
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Rupee tumbles
KARACHI, May 20: The rupee slumped to a record closing low against the dollar on Tuesday as oil importers bought the US currency to meet record high crude prices....
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Cotton prices touch record peak
KARACHI, May 20: Cotton prices on Tuesday rose to a record level of Rs4,000 per maund as spinners were in a defiant mood to grab the floating stock irrespective of their export parity levels....
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Dollar falls against euro
LONDON, May 20: The dollar tumbled against the euro on Tuesday after higher-than-expected German wholesale inflation figures were compounded by fresh record highs for oil, which will keep pressure on prices, dealers said....
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Karachi Port operations
KARACHI, May 20: Four ships carrying containers and coal are expected to arrive at the outer anchorage on Wednesday, according to KPT sources....
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Port Qasim
KARACHI, May 20: Three ships scheduled to load/offload containers, chemicals and diesel oil were accommodated berths during the last 24 hours, said a PQA press release on Tuesday....
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‘Top bankers accountable for risks’
LAUSANNE, Switzerland, May 20: Warren Buffett, the world’s richest man, said on Tuesday that few banking chief executives appeared willing to assume responsibility for the risks their institutions take....
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KCCI’s plea to diversify exports
KARACHI, May 20: The Karachi Chamber of Commerce and Industry has underlined the need for diversification of exports to get more share in regional and international markets....
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Diploma in logistics
KARACHI, May 20: Pakistan International Freight Forwarders Association (PIFFA) has awarded certificates to the first batch of 35 candidates who have passed out the Diploma in Logistics and International Freight Forwarding....
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Asian stocks close mostly down
HONG KONG, May 20: Asian stocks closed mostly down on Tuesday as the Chinese market tumbled nearly 4.5 per cent following an earthquake warning and Taiwan slid almost 2.5...
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Palm oil prices lower
KUALA LUMPUR, May 20: Malaysian crude palm oil futures slipped on Tuesday as a lower-than-expected increase in exports and expectations of rising vegetable oil supplies weighed on the market....
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Gold demand falls 16pc
LONDON, May 20 : Global demand for gold fell 16 per cent year-on-year to 701 tons in the first quarter of 2008, the lowest quarterly figure in five years, as bullion...
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Karachi market rates
KARACHI, May 20: The following were Tuesday commodity market rates in rupees....
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