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| October 18, 2008 | Saturday | Shawwal 18, 1429 |
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Industries receiving inflated power bills
KARACHI, Oct 17: Industrialists and exporters have started receiving inflated power bills under the new tariff structure. They are approaching their respective associations for options to counter the impact of the substantial tariff hike...... 
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Minister admits no short cut formula: Congestion at ports
KARACHI, Oct 17: Minister for Privatisation and Ports and Shipping Naveed Qamar on Friday admitted that the Karachi Port and Port Qasim suffered from congestion and there is no short cut solution to the problem....
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Short cane crop may push up sugar price
KARACHI, Oct 17: Sugarcane growers are set for rich cash bargain this season from a crop that is being estimated 35 to 40 per cent less than last year....
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Mills fear 30pc fall in crop
KARACHI, Oct 17: The Pakistan Sugar Mills Association (PSMA) expects a short crop of sugarcane by around 20 to 30 per cent during in coming season 2008-09 compared to last year....
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Rupee sheds 2.7pc against dollar
KARACHI, Oct 17: The rupee weakened 2.78 per cent to a record low of 84.40 to the dollar on Friday after reserves fell by $570 million and on pressure from import payments, dealers said....
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OCAC asks govt to cut HSD imports
KARACHI, Oct 17: In a bid to curtail the foreign exchange outflow, the Oil Companies Advisory Committee (OCAC) has asked the government to gradually reduce imports of high speed diesel in...
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Body to propose steps to cut import bill
ISLAMABAD, Oct 17: Prime Minister Syed Yousuf Raza Gilani has constituted a high-powered committee to investigate the failure of the policy-makers to curtail the flow of imports bill, which if not addressed may cause a sever balance of payments crisis....
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Oil price rebounds above $71
LONDON, Oct 17: Oil prices rebounded on Friday above $71 a barrel on speculation the Opec crude producers’ cartel could cut production at an emergency meeting next week, traders said....
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European stocks bounce in choppy trade
LONDON, Oct 17: Stock markets bounced from valley to peak on Friday in choppy trade that saw big gains in Europe but a loss of momentum on Wall Street, with investors frazzled in the face of a looming global slowdown....
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KSE 100-share index fails to break inertia
KARACHI, Oct 17: Trading volume on the stock market on Friday fell to a an all-time single-session low at 0.193m shares as investors were worried over the falling foreign exchange reserves and the value of the rupee against the dollar....
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Dollar up
LONDON, Oct 17: The dollar edged higher against the euro in volatile trading on Friday, with investors anxious and uncertain about the direction of the global economy.The...
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Karachi Port operations
KARACHI, Oct 17: Ten ships including to wheat carriers with 75,000 tons of the commodity are due to arrive at the outer anchorage on Saturday, according to KPT sources....
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Port Qasim
KARACHI, Oct 17: Three ships to load/offload containers, rice and diesel oil were accommodated berths during the last 24 hours, said a PQA press release on Friday....
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Lint prices fall on panic-selling
KARACHI, Oct 17: The cotton prices on Friday suffered sharp fall on panic-selling by ginners followed by reports of steady arrivals of phutti into the ginneries and problems on the textile export front owing to turmoil on the world markets....
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Palm oil lower
JAKARTA, Oct 17: Malaysian palm oil futures gave up gains of more than 3 per cent to finish lower on Friday, unsettled by fears that a global recession will cut demand, traders said....
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Gold eases in London
LONDON, Oct 17: Gold eased below $800 an ounce on Friday, extending the previous session’s 5 per cent price drop, as a firmer dollar pressured the metal....
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Asian stock markets mostly lower
HONG KONG, Oct 17: Asian stocks were mainly lower on Friday as investors remained cautious following a volatile trading week and despite a rally on Wall Street overnight....
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PSMA chairman
KARACHI, Oct 17: Abdul Wajid has been elected chairman Pakistan Sugar Mills Association (PSMA) for the term 2008-09....
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Steel plant
KARACHI, Oct 17: The estimated investment of the DRI plant of Al Tuwairqi Steel Mills in Karachi due to start production in the middle of next year amounts to over $265 million....
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Karachi market rates
KARACHI, Oct 17: The following were Friday commodity market rates in rupees....
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