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| October 10, 2008 | Friday | Shawwal 10, 1429 |
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Bread prices shoot up: Utility stores raise sugar rate
KARACHI, Oct 9: The Utility Stores Corporation has increased the price of sugar to Rs34 per kg after its rate went up to Rs38 in retail markets. The price of the commodity was reduced to Rs30.50 per kg for Ramazan from Rs32 per kg..... 
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Zimbabwe inflation at 231m per cent
HARARE, Oct 9: Zimbabwe’s annual inflation rate soared to 231 million per cent in July, a state newspaper said on Thursday, confirming the daily hardships of a nation driven into poverty and trapped in a political impasse....
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Rs510m okayed for upgrading boats, harbour
KARACHI, Oct 9: The Sindh government has approved more funds for the renovation of Karachi Fish Harbour and the upgrading of fishing boats to meet the European Union’s (EU) standards....
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Rupee, call rates stable
KARACHI, Oct 9: Pakistan’s overnight call rates and rupee stabilised on Thursday after the State Bank of Pakistan slashed banks’ cash reserve ratio to boost liquidity amid mounting concerns over economy....
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Forex reserves rise to $8.32bn
KARACHI, Oct 9: Pakistan’s foreign reserves rose $190 million to $8.32 billion in the week that ended on Oct 4 from the previous week, the central bank said on Thursday....
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Pakistan may seek IMF credit facility
LAHORE, Oct 9: Pakistan may seek another International Monetary Fund (IMF) credit facility to improve its dwindling foreign currency stocks and cover its increasing current account deficit, officials told Dawn on Thursday....
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Banking system safe from global threats
ISLAMABAD, Oct 9: President National Bank of Pakistan (NBP) Syed Ali Raza has said Pakistan’s banking system will remain immune from international financial crisis as it is based on sound lending practices....
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WWF levy deferred
ISLAMABAD, Oct 9: The government has agreed to defer levy of the Workers Welfare Fund (WWF) on exporters and industrialists for a period of two years....
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Acquisition, takeover regulations notified
ISLAMABAD, Oct 9: In order to further strengthen the legal framework pertaining to the takeovers of listed companies, the Securities and Exchange Commission of Pakistan (SECP) has notified Listed Companies (Substantial Acquisition of Voting Shares and Takeovers) Regulations, 2008....
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Site flays rise in KESC tariff
KARACHI, Oct 9: Chairman Site Association Nisar Sheikhani has taken strong exception to the new power tariff of Karachi Electric Supply Company to be effective from September 1, which raised fuel...
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EDF board Approves Rs243m
ISLAMABAD, Oct 9: The Board of Administrators of the Export Development Fund (EDF) on Thursday approved various projects amounting to Rs243 million relating to promotion of exports in various sectors....
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SBP measures help boost stock trading
KARACHI, Oct 9: The stock market on Thursday turned in an improved performance followed by positive official statements on the economy and corrective steps taken by the central bank to arrest the persistent downturn in the value of the rupee....
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Oil prices sink below $83
LONDON, Oct 9,: Oil prices sank on Thursday as plunging stock markets outweighed news that Opec will hold an emergency meet next month to discuss the impact of the chaos on world markets.With...
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Prices tumble on cotton market
KARACHI, Oct 9: The cotton market on Thursday remained under pressure on renewed selling as official spot rates were quoted further lower by Rs75 per maund, but analysts said prices resisted fresh fall in the late-trading....
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Japan machinery orders plunge
TOKYO, Oct 9: Japan’s core machinery orders plunged at the fastest pace in two years, the government said on Thursday, reinforcing fears that Asia’s largest economy has slipped into a recession....
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Karachi Port operations
KARACHI, Oct 9: Eleven ships carrying palm oil, containers and to load ethanol are expected to arrive at the outer anchorage on Friday, according to KPT sources....
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Port Qasim
KARACHI, Oct 9: Four ships carrying containers, wheat and coke were accommodated berths during the last 24 hours, said a PQA press release on Thursday....
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Safe sales shoot up amid bank crisis
PARIS, Oct 9: Whether it’s a big steel coffer or a metal box with a padlock, safes are in high demand as French savers worried about the financial crisis decide to keep cash and jewels at home, instead of banks....
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Russian stocks rebound
MOSCOW, Oct 9: Russia’s leading stock markets closed on Thursday around 10 per cent higher, rebounding from the previous day’s sharp losses amid global financial turmoil....
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Asian stock markets mixed
HONG KONG, Oct 9: Asian stocks were mixed on Thursday as investors remained cautious about the global economy after a series of interest rate cuts by some of the world’s major central banks tried to revive confidence....
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Palm oil jumps 6.5pc
KUALA LUMPUR, Oct 9: Malaysian crude palm oil futures soared 6.5 per cent on Thursday, recouping gains from a recent sell-off as some traders sensed a floor to the market....
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Gold slips in Europe
LONDON, Oct 9: Gold fell more than 2 per cent in Europe on Thursday as investors took profits after a rise of almost $20 an ounce on Wednesday, with firmer equities attracting cash back into the stock markets....
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Karachi market rates
KARACHI, Oct 9: The following were Thursday commodity market rates in rupees....
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