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| October 17, 2008 | Friday | Shawwal 17, 1429 |
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Joint Kashmir chamber to boost border trade
ISLAMABAD, Oct 16: Trade representatives from across the Line of Control in Kashmir have formally announced the formation of a joint Chamber of Commerce and Industry to facilitate cross border trade.... 
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Rupee falls to new lows against dollar
KARACHI, Oct 16: The US dollar disappeared from the kerb market on Thursday and the inter-bank market witnessed a severe shortage of the greenback pushing the rupee to all-time lows of Rs86-87 and Rs82 in both the markets, respectively....
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Refineries face default on LCs: PSO’s liquidity crunch deepens
KARACHI, Oct 16: While the liquidity position of Pakistan State Oil (PSO) is already at a critical level, two local refineries have sent an SoS to the state-run oil company to...
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Companies announce results
KARACHI, Oct 16: Companies on Thursday announced their financial results for varying periods....
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Foreign investors show interest in power sector
ISLAMABAD, Oct 16: Investors from the UK, US and UAE here on Thursday showed interest in investing in the fast-track private power projects advertised by the government for international bidding....
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Water shortage may hit wheat crop
KARACHI, Oct 16: An official of the ministry of agriculture confirmed on Thursday that rice crop close to harvesting will be 11 per cent more than the last year, but sugarcane crop is expected to drop by 30-40 per cent....
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Services export down by 3.7pc
ISLAMABAD, Oct 16: Services sector export dipped by 3.71 per cent in the first two months (July-Aug) of the current fiscal year over the same months last year....
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Reserves
KARACHI, Oct 16: The country’s total liquid foreign reserves fell to $7,749.7 million in the week ended on October 11, 2008, the State Bank of Pakistan announced on Thursday....
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Oil price tumbles below $67
LONDON, Oct 16: Oil prices slumped further on Thursday, with Brent crude sliding under $67 a barrel -- the lowest level for more than 15 months -- as slowing energy demand took its toll, traders said....
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Stocks make no headway on ‘floor’ confusion
KARACHI, Oct 16: The KSE 100-share index on Thursday remained static at the previous level of 9,184.24 for the third session in a row as investors were still in two minds...
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Cotton prices maintain firm trend
KARACHI, Oct 16: Cotton market maintained a firm trend on Thursday as spinners and mills continued to build up long positions at the current levels amid a loud whispering of supply-based price flare-up....
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Karachi Port operations
KARACHI, Oct 16: A dozen ships carrying wheat, urea and to load cement are expected to arrive at the outer anchorage on Friday, according to KPT sources....
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Port Qasim
KARACHI, Oct 16: Two container ships were accommodated berths during the last 24 hours, said a PQA press release on Thursday....
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Asia better prepared for crisis
JAKARTA, Oct 16: Painful reforms launched amid the maelstrom of the 1997-1998 Asian economic downturn have put the region in good shape to weather the much deeper crisis now gripping global markets, economists said....
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US industry output dips to 34-year low
WASHINGTON, Oct 16: US industrial production plunged a shock 2.8 per cent in September, the steepest fall in 34 years, due to hurricanes in the Gulf of Mexico and a strike at Boeing, the Federal Reserve said on Thursday....
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Nafa dividend
KARACHI, Oct 16: National Fullerton Asset Management Limited (Nafa) has announced interim dividend on its income funds for the quarter (July-September 2008)....
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Arab stocks slide
KUWAIT CITY, Oct 16: Arab stock markets fell on Thursday for a second day, led by a more than six per cent plunge on the Dubai Financial Market, as recession fears continue to haunt the global economy....
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Asian stocks extend overnight battering
HONG KONG, Oct 16: Asian markets were battered on Thursday, with Tokyo suffering its worst loss in 21 years, as traders were spooked by renewed fears of a global recession....
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Europe urges global finance reforms
PARIS, Oct 16: Calls mounted on Thursday for an overhaul of the global financial system as stocks took a new hammering and Switzerland took drastic action to defend its prized banks with a $60bn package for UBS....
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Karachi market rates
KARACHI, Oct 16: The following were Thursday commodity market rates in rupees....
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