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| November 09, 2008 | Sunday | Ziqa'ad 10, 1429 |
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Farmers forced to sell cotton at low rates: Delay in procurement by TCP
MULTAN, Nov 8: The farming community complained on Saturday that they had to sell their cotton produce cheaper “as they have not been reached by the government agency willing to lift their cotton at an appropriate price.”... 
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Talks with India on Basmati rice indecisive
ISLAMABAD, Nov 8: The two-day parleys between officials of India and Pakistan over the issue of a possible joint registration of Basmati rice concluded here on Saturday inconclusive....
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Roadside vendors selling cheaper ghee, rice
KARACHI, Nov 8: After steep fall in prices ghee and rice are being sold on pushcarts near the City Court in Karachi, a rare phenomenon perhaps seen for the first time in the metropolitan....
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Emerging economies for say in crisis talks
SAO PAULO, Nov 8: Emerging nations pressed for a stronger role in global financial coordination as key officials met here on Saturday to lay the groundwork for next week’s Washington summit on the deepening economic crisis....
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Sindh wants right to levy tax on gas, electricity
KARACHI, Nov 8: Sindh wants restoration of provinces’ right to levy sales tax on electricity distribution, gas supply and on telephone calls....
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CFS rates show sharp rise
KARACHI, Nov 8: The CFS rates on the Karachi Stock market last week showed a sharp increase of 10.5 per cent at 66.37 per cent owing to pressure on money supply....
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Banks smell another interest rate hike
KARACHI, Nov 8: The banking industry expects ‘another hike’ of up to three per cent in the interest rate amid indications of a possible agreement with the International Monetary Fund....
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R&D fund
KARACHI, Nov 8: Adviser to the government for textile industry Dr Ikhtiar Baig said on Saturday that the R & D support fund for hosiery, garments and apparel sectors will be approved in the next Economic Coordination Committee (ECC) meeting....
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Joint study group to discuss FTA
TOKYO, Nov 8: A 10-member Joint Study Group (JSG) of Pakistan and Japan comprising prominent business community members will hold talks here from Monday for promotion of trade and investment opportunities...
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Opec states talking of further cut in output
RIYADH, Nov 8: What a month it has been for crude markets. With oil falling by a record 32.6 per cent in October alone, many oil related myths seemed to be exploding....
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Cotton prices ease on hasty selling
KARACHI, Nov 8: Cotton prices on Saturday eased by Rs50 per maund as some of the ginners sold in a bit haste their long positions fearing further fall owing to steady arrivals of phutti into the ginneries....
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Can Washington save the Big Three automakers?
DETROIT, Nov 8: With the Big Three US automakers teetering on the edge of insolvency, it appears Washington may finally be ready to come to Detroit’s rescue....
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Karachi Port operations
KARACHI, Nov 8: Four vessels carrying containers are expected to arrive at the outer anchorage on Sunday, according to KPT sources....
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Port Qasim
KARACHI, Nov 8: Brisk shipping activity was observed at the port where five ships carrying containers, wheat, palm oil and livestock were allotted berths at Qasim International Container Terminal (QICT) and Multipurpose Terminal (MPT), respectively on Friday....
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Commodity prices mixed on rising recession fears
LONDON, Nov 8: Commodity prices saw mixed fortunes this week, with crude oil falling in value and metals switching between losses and gains on world markets as recession fears intensified....
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Dollar wobbles against euro
NEW YORK, Nov 8: The dollar wobbled slightly against the euro on Friday as a grim US employment report signaled the United States has entered a painful recession....
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Wall Street may find respite from turmoil
NEW YORK, Nov 8: After weeks of high volatility, Wall Street may find next week’s quiet macroeconomic calendar the perfect opportunity to regroup and plan for the final stretch of the dangerous year....
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Oil prices
NEW YORK, Nov 8: Oil prices closed mixed on Friday after striking 21-month lows as investors worried about deteriorating energy demand amid a global economic slowdown....
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GM warns of cash crunch
CHICAGO, Nov 8: General Motors, the biggest US-automaker, warned on Friday that it would run out of cash in the first half of next year and appealed to the US government for help to save it from collapse....
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