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| November 11, 2008 | Tuesday | Ziqa'ad 12, 1429 |
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SBP’s ability to regulate exchange firms questioned: Illegal transfer of dollars
KARACHI, Nov 10: The State Bank of Pakistan’s competence and capacity to regulate and monitor foreign exchange companies have again come into sharp focus following allegations against many of these companies... 
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AEDB to produce 5,000MW energy
ISLAMABAD, Nov 10: Alternative Energy Development Board (AEDB) has planned to produce 5,000MW energy within five to seven years utilising renewable energy resources available in the country....
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Record trade deficit of $7.5bn in 4 months
ISLAMABAD, Nov 10: Pakistan’s trade deficit ballooned to an all-time high figure of $7.522 billion during the first four months of the current fiscal year, up by 33.33...
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Two brokers default, two funds stop redemptions
KARACHI, Nov 10: A bevy of bad news struck the equity markets on Monday. While two stock brokers were declared ‘defaulters’ for failing to settle market debts; two income funds declined further redemptions, citing lack of cash....
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Britain preparing to launch sukuk
LONDON, Nov 10: Britain is gearing up to launch the first Islamic bond by a western government in spite of the collapse of the market in the past month....
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Pakistan lacks marine pollution safeguards
KARACHI, Nov 10: Pakistan has no safeguards against damages caused by marine oil pollution to its coastline and economic zone spreading up to 200 km in the sea....
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Dr Akhtar among top ten women in Asia
KARACHI, Nov 10: State Bank of Pakistan Governor Dr Shamshad Akhtar has been named amongst the top ten women leaders in Asia by the Wall Street Journal (WSJ)....
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Task force formed for private sector
ISLAMABAD, Nov 10: The Planning Commission has constituted a task force, which will be jointly headed by Shahid Javed Burki and Razzak Dawood, for the development of private sector....
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BSF plans to provide grants to SMEs
LAHORE, Nov 10: The Business Support Fund has signed a memorandum of understanding with the Karachi Tools, Dies and Moulds Centre for potential grant support to small and medium enterprises....
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Dollar rises
LONDON, Nov 10: The dollar climbed against the yen but fell against the euro on Monday as the foreign exchange market digested a massive stimulus package for China’s powerhouse economy, dealers said....
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Oil prices slip
LONDON, Nov 10: Oil prices fell on Monday on profit-taking after earlier jumping by more than $3 as a huge Chinese economic stimulus package lifted energy demand expectations, analysts said....
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Money market scandal hits stocks’ normal activity
KARACHI, Nov 10: Trading on the stock market resumed on an insipid note on Monday in the absence of an official word on early removal of lock under the Karachi Stock...
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Karachi Port operations
KARACH, Nov 10: Three ships carrying containers and to load rice are expected to arrive at the outer anchorage on Tuesday, according to KPT sources....
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Hectic cotton trading on higher crop prospects
KARACHI, Nov 10: Trading on the cotton market on Monday resumed on a subdued note as ginners continued to liquidate their long positions on higher local crop ideas and persistent decline in New York cotton futures to six-year low....
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Emirates profits nosedive
DUBAI: Dubai’s Emirates airline said on Monday its net profit for the first half of the financial year dropped a dramatic 88pc to $77m because of high oil prices....
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US pledges more support for AIG
LONDON/NEW YORK, Nov 10: China’s $586 billion stimulus plan lifted world stock and commodity markets on Monday and the United States pledged more support for struggling insurer AIG as world governments...
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Gold climbs in Europe
LONDON, Nov 10: Gold rose 2 per cent in Europe on Monday, lifted by gains across commodities after China announced a $600 billion economic stimulus package, and by weakness in the dollar against the euro....
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Asian stocks rally on China stimulus package
HONG KONG, Nov 10: A massive economic stimulus package from Beijing, a Wall Street rally and a pledge by the world’s major economies to do what is needed to overcome the credit crisis helped Asian stocks soar Monday....
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Malaysian palm oil up
JAKARTA, Nov 10: Malaysian crude palm oil futures ended up 1 per cent on Monday after surging earlier in the session as record stock levels partly offset the impact of gains in US crude oil markets....
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Karachi market rates
KARACHI, Nov 10: The following were Monday commodity market rates in rupees....
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