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| November 05, 2008 | Wednesday | Ziqa'ad 6, 1429 |
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Builders fail to attract buyers: New multi-storeyed projects
KARACHI, Nov 4: Fear of encroachment is said to be a key factor that has driven many builders to roll new projects out in haste despite dull investment sentiments in real estate amidst falling property prices.... 
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Non-life insurance firms profit plunges
KARACHI, Nov 4: The profitability of non-life insurance companies took a plunge by an average of 61 per cent in the latest nine months (Jan-Sept 2008), which analysts attributed to a...
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Oil price sinks below $59
LONDON, Nov 4: The Brent crude oil price sank under $59 per barrel on Tuesday on concerns over weak energy demand in Europe and the United States, dealers said....
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World stocks up sharply
LONDON, Nov 4: Wall Street and European stock markets posted sharp gains on Tuesday as voting got underway in US presidential election, with investors hoping a new leader will provide a fresh start out of the financial crisis....
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Stock trading fails to gain momentum
KARACHI, Nov 4: Trading activity on the stock market on Tuesday failed to pick up as leading investors kept to the sidelines awaiting apparently the advent of fund buying, but unlike...
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State Bank sets loan recovery parameters
KARACHI, Nov 4: The recovery process of consumer loans that has been under severe criticism after the stories of excesses by the banks recovery teams appeared in the media, the State...
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Cotton growers seek rescue by TCP
MULTAN, Nov 4: Although the government has exempted all cotton ginning units from load-shedding, the cotton producers are not expecting that this decision alone will make a significant impact on the price situation....
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Bumper cotton crop likely
KARACHI, Nov 4: The country is poised to harvest a bumper cotton crop this season (2008-09)....
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LPG price falls by Rs4 per kg
KARACHI, Nov 4: Marketing companies reduced the retail price of liquefied petroleum gas (LPG) by Rs4 to Rs70 per kg on Tuesday, market sources said....
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Exporters urge more SBP funds for export
KARACHI, Nov 4: Exporters have asked the State Bank to make certain modifications in Export Refinance scheme to ensure more funds for the export trade presently on decline....
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Crop loan Insurance scheme: a clarification
KARACHI, Nov 4: After more than a week of the publication of a report on Oct 24 last, the National Bank of Pakistan issued a clarification on Monday to convey that...
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Cotton maintains upward drive
KARACHI, Nov 4: The cotton market on Tuesday maintained bullish trend as prices were quoted further higher by Rs75 per maund despite reports of higher arrivals of phutti for the third consecutive fortnight, major thrust being on the Punjab lint....
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Karachi Port operations
KARACHI, Nov 4: Seven ships carrying containers, imported wheat and to load cement and ethanol are expected to arrive at the outer anchorage on Wednesday, according to KPT sources....
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Port Qasim
KARACHI, Nov 4: Three ships carrying containers, wheat and diesel oil were accommodated berths during the last 24 hours, said a PQA press release on Tuesday.Meanwhile,...
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India offers more business visas
KARACHI, Nov 4: Indian Minister of State for Commerce Jairam Ramesh has hinted at the possibility of increasing the number of visa exemption stickers from 100 to 300 and issuing five-year...
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Urea import
KARACHI, Nov 4: The Trading Corporation of Pakistan (TCP) has floated a tender for the import of 100,000 tons of urea from worldwide sources....
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IT sector Witnesses 30-50pc growth
KARACHI, Nov 4: Pakistan’s IT and ITES sector has been growing at the rate of between 30 and 50pc annually. This growth is being witnessed for the past five years with...
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Sinking profits heighten recession fears
FRANKFURT, Nov 4: BMW became the latest auto giant to feel the pain of the financial crisis, announcing a massive fall in profits, as European finance ministers confessed they failed to read the recession warning signs....
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Nikkei up nearly 6pc
TOKYO, Nov 4: Japan’s Nikkei average rose 5.9 per cent on Tuesday, boosted as exporters such as Toyota Motor Corp climbed, with electronics maker Panasonic jumping after sources said it was planning to take over Sanyo Electric....
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Malaysian palm oil slides
KUALA LUMPUR, Nov 4: Malaysian crude palm oil futures tumbled as much as 5.5 per cent on Tuesday as weaker crude oil revived fears of a global economic recession, which would sap demand and swell already burgeoning stockpiles....
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