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| October 28, 2008 | Tuesday | Shawwal 28, 1429 |
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Leading tea packer pushes up rates
KARACHI, Oct 27: A leading multinational tea packer has increased rates by up to Rs46 per kg while other packers are also likely to follow the suit.... 
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NIB Bank increases capital to Rs40bn
KARACHI, Oct 27: NIB Bank has decided to increase its paid-up capital up to Rs40 billion by issuing right shares that will make it top bank in terms of paid-up capital in the country....
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PC gets 25pc of sale price for Hazara Fertiliser
ISLAMABAD, Oct 27: The Privatisation Commission has received 25 per cent (Rs335.006 million) of the sale price of Hazara Phosphate and Fertilizers Limited (HPFL)....
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Car registration plunges
KARACHI, Oct 27: Registration of new cars declined by 40 per cent to 10,145 in the first quarter of current year against 17,057 in the same quarter last year....
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Cost of business to be cut: Mukhtar
KARACHI, Oct 27: Commerce Minister Chaudhry Ahmed Mukhtar on Monday said that exports recorded a 20 per cent growth in the last three months and hope this trend will continue in coming months....
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Stocks stay flat
KARACHI, Oct 27: Trading on the stock market on Monday resumed on an insipid note as investors were not inclined to make fresh commitments after extension in the ‘floor’ under the...
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Govt aims at sustained growth: Tareen
LAHORE, Oct 27: The government intends to encourage the productive sectors – manufacturing, agriculture and trade -, eliminate all kinds of cross-subsidies, as well as expand the tax net by simplifying...
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Banks awaiting outcome of talks with IMF
KARACHI, Oct 27: Banks are awaiting outcome of negotiations with the International Monetary Fund (IMF) as they are unclear what would be their credit policy if Pakistan braces for IMF programme with its ‘known’ prescriptions....
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Dollar gains as euro struggles
LONDON, Oct 27: The euro struggled to hold the line at more than two-year lows against the dollar on Monday as global markets reeled in disorder, with investors looking to find safety at all costs amid the turmoil....
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German business confidence drops
FRANKFURT, Oct 27: German business confidence dropped to its lowest point in more than five years in October, the widely-watched Ifo index showed, as the world’s leading exporter was hit hard by the financial crisis....
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Energy deals signed
MOSCOW, Oct 27: Russia and Vietnam on Monday signed oil and gas deals after trade talks in Moscow between the countries’ presidents, as part of a broader effort by Russia to regain Soviet-era influence in the region....
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Prices tumble on cotton market
KARACHI, Oct 27: Cotton prices on Monday suffered fresh sharp fall as the massive load-shedding had badly hit the entire cotton trade followed by steep decline in phutti and lint prices, analysts said....
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Aptma’s plea to reduce POL prices
KARACHI, Oct 27: Chairman All Pakistan Textile Mills Association (Aptma) Muhammad Iqbal Ibrahim has made a strong plea to reduce immediately prices of petroleum products, particularly the furnace oil as international oil prices are now down to $60-65 a barrel....
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Mobile tax staff attracts new taxpayers
KARACHI, Oct 27: The Regional Tax Office Karachi’s mobile tax units during a short period of one month visited 108 organisations and managed to reach around 45,691 new taxpayers....
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Rich states pledge unity
TOKYO, Oct 27: The G7 club of rich nations pledged on Monday to cooperate to bring stability to battered global markets, where stocks buckled on fears government action will be too late to prevent a worldwide recession....
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Karachi Port operations
KARACHI, Oct 27: A dozen ships carrying imported wheat, sulphur and to load clinker and naphtha are due to arrive at the outer anchorage on Tuesday, according to KPT sources....
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Port Qasim
KARACHI, Oct 27: Three ships carrying containers, palm oil and furnace oil were accommodated berths during the last 24 hours, said a PQA press release on Monday....
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Office-bearers elected
KARACHI, Oct 27: Abdul Rahim Janoo and Haroon Rashid have been elected chairman and vice chairman of the Rice Exporters Association of Pakistan for 2008-09....
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Another rate cut ‘possible’: ECB chief
MADRID, Oct 27: European Central Bank President Jean-Claude Trichet said on Monday that another cut in the bank’s key interest rate was “possible” when its board meets next month....
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Oil price falls to $59 in London
LONDON, Oct 27: Oil prices sank to $59 on Monday, hitting 17-month lows on worries that a global recession will sap energy demand and as the US currency strengthened against the euro....
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Gold falls 3 pc in Europe
LONDON, Oct 27: Gold slipped more than 3 per cent in Europe on Monday as the surging dollar dented the precious metal’s appeal as an inflation hedge, and as weakness on...
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Karachi market rates
KARACHI, Oct 27: The following were Monday commodity market rates in rupees....
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