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| October 14, 2008 | Tuesday | Shawwal 14, 1429 |
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Global shares bounce back
LONDON, Oct 13: Global stock markets staged spectacular gains on Monday as governments pumped billions of dollars into banks crippled by the credit crunch, coaxing newly confident investors into buying shares.... 
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State Bank acts to improve liquidity
KARACHI, Oct 13: The State Bank of Pakistan on Monday further eased off its tight monetary stance by doubling the Limit of Time and Demand Liabilities (TDL) for Statutory Liquidity Requirement (SLR) to generate more liquidity in the banking system....
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Japanese bikes become costlier
KARACHI, Oct 13: The assemblers of Japanese motorcycles have further increased the prices by Rs1,000-1,500. It was the second rise in one month as they had pushed up rates by Rs1,500-Rs2,000 in September....
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FBR exhorts collectors to boost revenue
ISLAMABAD, Oct 13: Chairman Federal Board of Revenue (FBR) Ahmad Waqar has called for concerted efforts coupled with innovative steps to broaden the tax base and increase revenue collection....
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FPCCI wants govt to take back KESC
KARACHI, Oct 13: Business and industry leaders have demanded immediate de-privatisation of the Karachi Electric Supply Corporation (KESC). They were of the view that the power utility’s privatisation was non-transparent....
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US plan to buy stakes in banks
WASHINGTON, Oct 13: The United States plans to buy stakes in a “broad array” of banks, the top official in charge of the country’s $700 billion rescue package said on Monday as he outlined more details....
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Privatisation, investment ministries bifurcated
ISLAMABAD, Oct 13: Prime Minister Syed Yousuf Raza Gilani on Monday ordered bifurcation of the Ministry of Privatisation and Investment into two separate ministries....
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Bush vows more action
WASHINGTON, Oct 13: US President George W Bush, welcoming Italian Prime Minister Silvio Berlusconi to the White House, vowed on Monday to pursue efforts with US partners to calm global markets in upheaval....
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PM orders end to gas load-shedding
ISLAMABAD, Oct 13: Prime Minister Syed Yousuf Raza Gilani on Monday directed the authorities to defer/stop forthwith gas load-shedding for industries in the country....
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Stocks finish with modest gains
KARACHI, Oct 13: The KSE 100-share index on Monday managed to finish with a modest rise of about three points in a mixed trading session where bulk of the transactions were...
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EU govts hope bank rescues will pay off
BRUSSELS, Oct 13: Although the flurry of state rescues of banks in Europe is likely to weigh on public finances, many governments are hoping the moves will eventually pay off through dividends and other gains....
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1.3m tons wheat arrives
KARACHI, Oct 13: More than 1.306 million tons of imported wheat has arrived in the country and about 0.726 million tons is despatched to the four provinces, Utility Stores Corporation (USC) and other organisations....
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Trading gets slow on cotton market
KARACHI, Oct 13: Trading on the cotton market on Monday resumed on a subdued note as a section of ginners indulged in hasty selling fearing further fall in prices amid hectic trading....
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Karachi Port operations
KARACHI, Oct 13: Eight ships including four cement loaders are due to arrive at the outer anchorage on Tuesday, according to KPT sources....
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Port Qasim
KARACHI, Oct 13: Brisk shipping activity was witnessed at the port where five ships carrying containers, MEG, diesel and phosphoric acid were accommodated on berths at QICT, MPT, Fotco oil terminal and Engro Vopak terminal, respectively, during the last 24 hours....
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New BoI chief
KARACHI, Oct 13: Saleem H Mandviwalla, president, Lasbela Chamber of Commerce and Industry (LCCI), has been appointed chairman, Board of Investment (BoI), says a press release....
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305MW power unit to be set up at Port Qasim
ISLAMABAD, Oct 13: Progas Pakistan and KUB Malaysia Berhad have won the bid to construct a 305 MW independent power project at Port Qasim....
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Oil prices regain over $3
LONDON, Oct 13: Oil prices rose more than $3 on Monday after world leaders united to tackle a financial crisis engulfing Europe and the United States, analysts said....
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Euro rallies against dollar
NEW YORK, Oct 13: The euro surged on Monday after a unified European government plan to rescue banks from collapse helped the currency sprint away from a 1-1/2-year low against the dollar....
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Gold rises in Europe
LONDON, Oct 13: Gold rose in Europe on Monday as the dollar weakened, boosting the precious metal’s appeal as an alternative investment, and as oil prices climbed....
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Asian stock markets rebound
HONG KONG, Oct 13: Asian stocks on Monday posted heavy gains after a week of big losses, with Hong Kong up more than 10pc, as dealers reacted to a pledge by world leaders to help the battered global economy....
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Malaysian palm oil up
JAKARTA, Oct 13: Malaysian palm oil futures closed 3.5 per cent higher on Monday on a rebound, after hitting a 23-month low on Friday, supported by crude oil price rise, some traders said....
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Karachi market rates
KARACHI, Oct 13: The following were Monday commodity market rates in rupees....
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