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| May 29, 2008 | Thursday | Jamadi-ul-Awwal 23, 1429 |
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KSE prays for end to ‘uncertainty’
KARACHI, May 28: Amid a bloodbath on the Karachi Stock Exchange, which saw the KSE-100 index bleed by 567 points or 4.42 per cent on Wednesday, market participants were frantically praying... 
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Team off to meet Zardari
KARACHI, May 28: A delegation of members of the Board of directors, accompanied by some senior stockbrokers, had taken off for Islamabad to meet PPP leader Asif Ali Zardari, reports from various sources suggested late in the evening....
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Tussle over launching of new tractor
KARACHI, May 28: The Al-Ghazi Tractors, the makers of Fiat tractors, and the Dewan Automotive Engineering are engaged in a tussle over the launching of a new tractor....
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Arab states keen to invest in Sindh
KARACHI, May 28: Senior diplomats of Saudi Arabia, Bahrain and Oman have expressed the intentions of their respective governments and investors to set up agro-based projects in Sindh....
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Brown calls for global solution to oil ‘shock’
LONDON, May 28: British Prime Minister Gordon Brown warned on Wednesday that the world faced an era-defining oil “shock” that required urgent action, as European leaders argued how best to contain protests over soaring fuel prices....
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Oil prices drift higher
LONDON, May 28: World oil prices rebounded towards $130 per barrel on Wednesday, reversing earlier losses in volatile trade amid lingering worries about stretched global energy supplies, analysts said....
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Imported garments flood local market
KARACHI, May 28: The textile apparel industry, faced with a tough competition in the world market, is also unable to compete with cheap imported garments and fabrics in the domestic market....
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Small farmers to get loans at 2pc mark-up
KARACHI, May 28: The Sindh government launched the second phase of food security and productivity enhancement of small farmers -- crop maximization -- project at a cost of Rs49.5...
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14 telecom firms get licences for AJK, NAs
ISLAMABAD, May 28: For the first time in the history of Pakistan, the government has opened the telecom market for fair competition in Azad Jammu and Kashmir and the Northern Areas....
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Turkish envoy keen to boost trade
HYDERABAD, May 28: Consul General of Turkey Erdem Mutaf said on Wednesday that trade relations existed between Turkey and this region, which is now Pakistan, since 19th century and there is a need to increase the trade volume between them....
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Iran sees gas pipeline deal by mid-year
NEW DELHI, May 28: Iran’s ambassador to New Delhi said Tehran hopes to finalise a gas pipeline deal with India and Pakistan by mid-year, in an interview released on Wednesday....
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Sugar tender
KARACHI, May 28: The Trading Corporation of Pakistan (TCP) has floated a tender for the sale of 25,000 metric tons of imported refined sugar....
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Stocks lose 567.27 points on negative reports
KARACHI, May 28: The KSE 100-share index on Wednesday again plunged by 567.27 points or 4.42 per cent at 12,254.98, eroding Rs170 billion from the market capital on panic selling triggered...
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Cotton market maintains bullish trend
KARACHI, May 28: Cotton market maintained a bullish trend on Wednesday as ginners further raised their asking prices owing to tight ready position and falling unsold stocks....
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Dollar gains after strong US data
LONDON, May 28: The dollar recovered some lost ground against the euro on Wednesday after much better-than-expected US durable goods data offset the impact of higher German inflation, dealers said....
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Bangladesh GDP growth revised downward
DHAKA, May 28: Bangladesh’s economy has estimated to have grown by 6.05 per cent during 2007-08, the finance ministry sources say....
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Karachi Port operations
KARACHI, May 28: Seven ships carrying chemical, containers and to load naphtha and clinkers are due to arrive at the outer anchorage on Thursday, according to KPT sources....
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Chamber flays PTCL
SUKKUR, May 28: The Sukkur Chamber of Commerce and Industry has urged the Pakistan Telecommunication Company Limited (PTCL) to withdraw the proposal to charge calls made to ‘17’ (Inquiry)....
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Rural Growth Centre inaugurated
KARACHI, May 28: Regional Vice President for South Asia of the World Bank Praful C Patel has expressed full support of his organisation to Pakistan Poverty Alleviation Fund (PPAF) in its...
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Asian stocks close mostly down
HONG KONG, May 28: Asian stocks closed mostly down on Wednesday as crude prices slipped farther from record peaks, hitting oil company shares, but stayed high enough to fan worries that inflation will slow economic growth....
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Palm oil prices fall 4pc
KUALA LUMPUR, May 28: Malaysian crude palm oil futures dropped nearly 4 per cent on Wednesday as weakening crude oil prices and lack of demand weighed on the market....
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Gold falls
LONDON, May 28: Gold extended losses to trade below $900 an ounce on Wednesday, as a sharp decline in oil prices lowered the metal’s appeal as a hedge against inflation....
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Karachi market rates
KARACHI, May 28: The following were Wednesday commodity market rates in rupees....
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