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| September 10, 2008 | Wednesday | Ramazan 09, 1429 |
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KSE keeps downside capped
KARACHI, Sept 9: The board of directors of the Karachi Stock Exchange (KSE) on Tuesday decided to keep the ‘floor’ mechanism in place, which keeps downside capped, until next review on Sept 25.... 
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Oil prices slide ahead of Opec output decision
LONDON, Sept 9: Oil prices slumped close to $101 a barrel on Tuesday, their lowest reading since the start of April, with Opec set to hold output at current levels.Brent...
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Industry sees stability under new president
KARACHI, Sept 9: Businessmen and industrialists see the election of Asif Ali Zardari as president of Pakistan a major step leading towards economic stability....
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Securitisation of $700m remittances planned
KARACHI, Sept 9: The government has planned securitisation of $700 million remittances being sent by overseas Pakistanis to ease pressure on the rupee....
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Korangi fish harbour to be operative in a month: Charges waived
KARACHI, Sept 9: The Korangi Fish Harbour Authority (KFHA) has waived harbour charges for boats....
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Gas prices drive millions in US to public transit
WASHINGTON, Sept 9: Millions of Americans ditched their cars and rode public transportation in the second quarter of this year compared with the same period in 2007 as high petrol prices...
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Rupee unchanged
KARACHI, Sept 9: The rupee was flat on Tuesday in dull trade and dealers said it was likely to see pressure in the long-term unless there were some foreign inflows in the market....
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Stocks shed 16 points in subdued trading
KARACHI, Sept 9: Stocks remained under pressure on Tuesday as investors kept to the sidelines awaiting official word on the extension of the price freeze and the KSE 100-share index floor at the Aug 27 level of 9,144 points....
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Growers for wheat support price before sowing
MULTAN, Sept 9: The farming community of southern Punjab has urged the government to announce the wheat procurement price before sowing of the crop in Sindh and Punjab....
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Objective treatment of sovereign funds urged
SINGAPORE, Sept 9: Singapore Prime Minister Lee Hsien Loong said on Tuesday the United States should treat investments from sovereign wealth funds objectively and avoid a “paranoid xenophobic” response....
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Dollar slips against euro
LONDON, Sept 9: The dollar was lower in late trade on Tuesday as players took profits on sharp gains made after the US government bailed out two key mortgage backers, helping ease concerns about the economic outlook....
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Cotton prices ease on hasty selling
KARACHI, Sept 9: Cotton prices on Tuesday eased from the recent highs by Rs25 to Rs75 per maund on hasty-selling by the ginners followed by reports of larger arrivals of phutti into the ginneries of central Sindh and Punjab....
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Karachi Port operations
KARACHI, Sept 9: Six ships carrying palm oil, rapeseed and to load cement are due to arrive at the outer anchorage on Wednesday, according to KPT sources....
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Port Qasim
KARACHI, Sept 9: Three ships carrying containers and diesel oil were accommodated berths during the last 24 hours, said a PQA press release on Tuesday....
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Trade officials mull resuming Doha talks
GENEVA, Sept 9: Trade officials are toying with the idea of resuming talks on the Doha Round in the coming weeks, though some say negotiating fatigue and the US election mean it is too early for another push....
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Brazil, Argentina to trade in local currency
BRASILIA, Sept 9: The presidents of Brazil and Argentina signed a deal that will let their two countries dispense with converting transactions into dollars when they trade....
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LC margin
KARACHI, Sept 9: The Karachi Wholesale Grocers Association (KWGA) has demanded immediate withdrawal of LC margin on import of pulses to ease their prices in the local market....
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Company news
PARIS: French automaker Renault outlined plans on Tuesday for the elimination of 6,000 jobs in a bid to become more competitive, sparking a strike call from a key trade union....
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Asian stock markets fall sharply
HONG KONG, Sept 9: Asian stocks fell sharply on Tuesday as euphoria sparked by the US government’s bailout of two key American mortgage finance giants began to dissipate....
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Gold prices lower
LONDON, Sept 9: Gold came under pressure on Tuesday, struggling to stay above $800 an ounce level due to a strong dollar, but robust physical demand capped losses....
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Palm oil futures fall
JAKARTA, Sept 9: Malaysian crude palm oil futures fell nearly 5 per cent on Tuesday to the lowest level in more than a year, rattled by weaker crude oil and comments from leading industry analysts, dealers said....
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Karachi market rates
KARACHI, Sept 9: The following were Tuesday commodity market rates in rupees....
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