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| October 23, 2008 | Thursday | Shawwal 23, 1429 |
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New petroleum policy finalised: Incentives to exploration firms
ISLAMABAD, Oct 22: The government has finalised a new five-year petroleum policy which offers various fiscal incentives to exploration companies with a more simplified procedure of licencing and award of contracts, it is learnt.... 
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KSE signs MoU with Singapore bourse
KARACHI, Oct 22: A memorandum of understanding (MoU) was signed on Wednesday between the Karachi Stock Exchange (KSE) and the Singapore Exchange Limited (SGX) to collaborate for the benefit of the...
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ADB to launch trade facilitation plan for Pakistan
RAWALPINDI, Oct 22: Pakistan will be the first country where the Asian Development Bank plans to launch its Trade Finance Facilitation Programme (TFFP), aimed at attracting private capital to support development in the poorest countries of Asia....
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Trade sans e-logistics costing billions
KARACHI, Oct 22: Speakers at a conference were unanimous in their views that the country was losing billions of dollars per annum for not adopting e-logistics in its trade and commerce....
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Credit to farm sector up by 28pc
KARACHI, Oct 22: Agriculture sector attracted 28 per cent more credits during the first quarter than the corresponding period of last year....
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Stocks fall as volume hits new low
KARACHI, Oct 22: Stocks on Wednesday remained under pressure and fell further as a section of investors tried to liquidate in part their long positions but failed to find any willing buyer even at a discount....
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NFC proceedings may be further delayed
KARACHI, Oct 22: The proceedings of the recently-constituted National Finance Commission (NFC) may be further delayed after the change of guards at the finance ministry as the responsibility is said to...
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SSGC serves over 2m customers
KARACHI, Oct 22: The customer base of Sui Southern Gas Company (SSGC) has risen to 2.072 million, of which 2.045 million are domestic, 22,558 commercial and 3,561 industrial customers....
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MoUs signed with Saudi investors
KARACHI, Oct 22: Pakistani entrepreneurs have signed several memorandums of understanding (MoUs) with investors in Saudi Arabia for setting up industries in agriculture, dairy farming, livestock, fisheries, food processing, manufacturing and power generation in Pakistan....
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Oil price plummets to $65.28
LONDON, Oct 22: The price of oil plunged close to $65 per barrel here on Wednesday, hitting a 17-month low after news that US energy stockpiles rose across the board last week, traders said....
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Brisk lint buying on falling prices
KARACHI, Oct 22: Cotton prices on Wednesday eased further by Rs75 per maund as ginners holding long positions indulged in hasty-selling to get their stocks disposed of at the prevailing prices, floor brokers said.In...
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Karachi Port operations
KARACHI, Oct 22: Six ships including Baltimor carrying 41,900 tons of imported wheat and a cement loader are due to arrive at the outer anchorage on Thursday, according to KPT sources....
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Port Qasim
KARACHI, Oct 22: Berthing was slow as only two container ships were accommodated berths during the last 24 hours, said a PQA press release on Wednesday....
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Citi’s grant for housing research
KARACHI, Oct 22: Citi Foundation endorsed a research programme of Acumen Fund titled “Pakistan Housing Knowledge Pillar” that seeks to better understand customer behaviour and product preferences and design appro- priate financial products to better serve low income communities....
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Import cess collection jumps 145pc in Sindh
KARACHI, Oct 22: The Sindh government raised Rs2.7 billion from infrastructure cess on imports during the first quarter (July-September) of the current fiscal year compared to Rs1.1...
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Task force on exports
KARACHI, Oct 22: The Trade Development Authority of Pakistan (TDAP) on Wednesday formed a permanent task force to resolve problems faced by the exporters....
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Rupee closes weaker
KARACHI, Oct 22: The rupee on Wednesday closed marginally weaker at 81.30-50 to the dollar compared with Monday’s close of 81.25-75. It has lost 24.2 per cent against the dollar this year....
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Software
KARACHI, Oct 22: Under an agreement signed with Siemens, Aisha Steel Mills will implement its SAP EPR modules including financials, supply chain and project systems....
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Trade team
KARACHI, Oct 22: The FPCCI is leading a trade delegation to Amritsar, India, on the invitation of PHD chamber of commerce and industry....
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Gold falls on firmer dollar
TOKYO, Oct 22: Gold fell about 1 per cent on Wednesday, extending the previous day’s 3 per cent decline as firmness in the dollar overshadowed the precious metal’s appeal as an alternative investment....
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Asian shares tumble on corporate results
HONG KONG, Oct 22: Asian stocks tumbled again on Wednesday -- with the major markets taking big hits -- on growing concerns that the global economy is about to go into a deep recession....
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Kenyan tea prices mixed
NAIROBI, Oct 22: Kenyan tea prices were mixed at this week’s auction with top grades fetching higher prices, while some lots were withdrawn because of muted demand traders said on Wednesday....
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Karachi market rates
KARACHI, Oct 22: The following were Wednesday commodity market rates in rupees....
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