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| September 13, 2008 | Saturday | Ramazan 12, 1429 |
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Buyback of NBP shares may take two months
KARACHI, Sept 12: The National Bank of Pakistan has finally decided to buy back its floating shares, but the president of the bank said the process might take at least two months.... 
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Separate ministry to focus on livestock
KARACHI, Sept 12: The Sindh government is giving top priority to development of livestock to bring down milk and meat prices in the province....
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Crop Insurance scheme may be delayed
KARACHI, Sept 12: Reports of acute water shortages -- as much as 40 per cent--in coming Rabi may adversely affect the launching of crop insurance scheme, which was set for a formal launch next month....
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Price of 16-kg ghee, oil tin falls further: Flour becomes costlier
KARACHI, Sept 12: The price of 16-kg tin of ghee and cooking oil has been on the decline due to falling palm oil rates in the world markets, while the price of Atta No....
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WTO talks need quick restart
GENEVA, Sept 12: Negotiations to revive the Doha Round must restart “very quickly” for a global trade deal to be salvaged after July’s failed ministerial meeting, mediators of the seven-year-old talks said on Friday....
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Inflation biggest challenge: ADB
TOKYO, Sept 12: Inflation rather than an economic slowdown is the greatest risk and biggest policy challenge for developing countries in Asia, the head of the Asian Development Bank said on Friday....
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Stocks extend overnight losses
KARACHI, Sept 12: The share market finished the weekend session on an easy note on Friday as leading investors remained conspicuous by their absence apparently because of tension between Pakistan and...
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Auto sales decline in July,August
KARACHI, Sept 12: The cumulative automobile sales (cars and light commercial vehicles) fell by 50 per cent during July-August 2008-2009 to 16,997 units as compared to 33,960 units in the same period of the last fiscal year....
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Oil price jumps from six-month lows
LONDON, Sept 12: Oil prices on Friday rebounded from six-month lows as Hurricane Ike forced the closure of energy production facilities in the Gulf of Mexico, traders said....
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EU may not impose duties on China steel
BRUSSELS, Sept 12: The European Union will not impose anti-dumping duties for now in the first of three investigations into Chinese steel imports, sources familiar with one of the most sensitive EU-China trade cases said on Friday....
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US to provide 50,000 tons wheat in aid
ISLAMABAD, Sept 12: The United States has agreed to provide 50,000 tons of wheat to Pakistan under a food-aid programme, with shipment likely in October or November, a Food Ministry official said on Friday....
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Dollar falls Sharply vs euro
LONDON, Sept 12: The dollar wilted against the euro on Friday on an unexpected fall in US retail sales in anxious trading reflecting market uncertainty surrounding the fate of ailing US investment giant Lehman Brothers....
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Brisk trading on cotton market
KARACHI, Sept 12: Brisk trading was witnessed on the cotton market on Friday as spinners and mills continued to build-up long positions at the falling prices amid fresh active selling by the ginners....
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Karachi Port operations
KARACHI, Sept 12: Nine ships including Jasper Arrow, a car carrier with 549 units are expected to arrive at the outer anchorage on Saturday, according to KPT sources....
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Port Qasim
KARACHI, Sept 12: Five ships scheduled to load/offload containers, clinker, palm oil and chemicals were allotted berths on Thursday, said a PQA press release on Friday....
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Eurozone output slumps in July
BRUSSELS, Sept 12: Eurozone industrial production fell 0.3 per cent in July, official Eurostat figures showed on Friday, providing more evidence that the bloc is teetering on the edge of a recession....
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Economic ties
MOSCOW, Sept 12: Russian President Dmitry Medvedev on Friday said Moscow would pursue economic cooperation with Asia amid growing tensions between Russia and the West over the conflict in Georgia....
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Asian stocks close mostly higher
HONG KONG, Sept 12: Asian stocks closed mostly higher on Friday as dealers took a lead from Wall Street on hopes that troubled US bank Lehman Brothers could find a suitor....
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Palm oil futures edge up
JAKARTA, Sept 12: Malaysian crude palm oil futures rose more than 3 percent on Friday lifted by firmer crude oil and soyabean oil prices, and as traders tried to cover their short positions following recent sell-offs, dealers said....
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Precious metals bounce back
LONDON, Sept 12: Gold bounced more than 2 per cent in Europe on Friday from the previous session’s 11-month low, reflecting gains across the board for precious metals, as the dollar retreated from highs against the euro....
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Karachi market rates
KARACHI, Sept 12: The following were Friday commodity market rates in rupees....
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