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| September 24, 2008 | Wednesday | Ramazan 23, 1429 |
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KSE places ban on blank/short sale
KARACHI, Sept 23: The Karachi Stock Exchange clamped a ban on blank selling in October future contract and short sale in ready market for one month, effective Wednesday, Sept 24.... 
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Ban urges world leaders to adopt new trade deal
UNITED NATIONS, 23 Sept 8: Secretary-General Ban Ki-moon warned on Tuesday that the global financial crisis endangers the UN campaign to fight poverty and he called for global leadership to restore...
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Urea import to solve shortage problem
MULTAN, Sept 23: Punjab minister for agriculture Malik Ahmad Ali Aulakh said on Tuesday that 500,000 tons of urea fertilisers was being imported from Saudi Arabia to fill the demand-supply gap...
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US refineries remain closed
WASHINGTON, Sept 23: The US Department of Energy said on Tuesday six oil refineries in Texas remained shutdown due to Hurricane Ike....
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Stocks perk up on fresh market fund proposal
KARACHI, Sept 23: Stocks on Tuesday showed signs of recovery in response to reports of proposed market support fund of Rs20 billion mooted at Monday’s meeting between the KSE high-ups and...
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Eurozone business activity at 7-year low
BRUSSELS, Sept 23: Business activity in the 15 nations sharing the euro slumped in September to the lowest level since just after the attacks on the United States in 2001, according to a survey on Tuesday, fuelling fresh recession fears....
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Sindh trading more in blames than wheat
KARACHI, Sept 23: Has wheat trading and flour business in Sindh become an underworld operation? This question has emerged from trading of accusations between leaders of the Sindh chapter of All-Pakistan Flour Mills Association and the provincial food department....
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Moody’s downgrades Pakistan bond outlook
ISLAMABAD, Sept 23: Moody’s Investors Service on Tuesday downgraded outlook on Pakistan’s government bond rating to negative from stable, saying the country could face difficulties repaying its debts....
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Poultry rates hit new peak
KARACHI, Sept 23: There is no relief for consumers in the rates of poultry products, and farmers and wholesalers have pushed up rates to Rs126 per kg for live bird and Rs220 to 230 per kg for meat....
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Oil prices slip after historic one-day gain
LONDON, Sept 23: Oil prices fell on Tuesday in choppy trade marked by profit-taking one day after New York crude soared more than $16 in its biggest-ever daily jump....
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Lint prices inch up amid brisk buying
KARACHI, Sept 23: Cotton market on Tuesday maintained a bullish trend as spinners and mills continued to build-up long positions in an apparent effort to grab the floating stock of fine lots....
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US finance chiefs urge Congress to back rescue plan
NEW YORK, Sept 23: Top US finance chiefs pressed Congress on Tuesday to back a sweeping rescue package for troubled banks, warning of damaging consequences if it failed to act quickly,...
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Saudi GDP Expands 3.4pc in 2007
RIYADH, Sept 23: Saudi Arabia’s gross domestic product (GDP) grew by 3.4 per cent in 2007 while riding on unprecedented cash flow due to strong crude markets, its budget surplus reached 12.3...
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Karachi Port operations
KARACHI, Sept 23: Seven ships including three to load 50,000 tons of cement are due to arrive at the outer anchorage on Wednesday, according to KPT sources....
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Port Qasim
KARACHI, Sept 23: Five Ships scheduled to load/offload containers, cement, furnace oil and chemicals were accommodated berths during the last 24 hours, said a PQA press release on Tuesday....
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ECB offers 180bn euros
FRANKFURT, Sept 23: The European Central Bank said on Tuesday it had allotted 180 billion euros (266 billion dollars) during regular refinancing operations that saw strong demand for the funds available....
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Asian stocks fall on jitters over bailout plan
HONG KONG, Sept 23: Share prices fell across most of Asia on Tuesday, as doubts mounted over whether a drastic rescue package for the US financial sector could avert an economic meltdown....
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Gold slips in Europe
LONDON, Sept 23: Gold fell 1 per cent in Europe on Tuesday as the dollar recovered some lost ground versus the euro and investors took profits after the previous session’s gains....
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Palm oil prices lower
KUALA LUMPUR, Sept 23: Malaysian crude palm oil futures fell as much 2.9 per cent on Tuesday, erasing some of the week’s gains as weaker crude oil prices spilled over to vegetable oil amid fears of slowing overseas demand....
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Karachi market rates
KARACHI, Sept 23: The following were Tuesday commodity market rates in rupees....
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