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| November 27, 2008 | Thursday | Ziqa'ad 28, 1429 |
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Water shortage affects wheat sowing in Sindh
KARACHI, Nov 26: Water shortage, especially in lower Sindh, is adversely affecting wheat sowing, which in other areas has started in full swing.... 
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SECP acts to improve corporate compliance
ISLAMABAD, Nov 26: The Securities and Exchange Commission of Pakistan (SECP) conducted 19 inspections this year into violations of rules and regulations committed by major players of corporate sector and stock market....
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Non-trade barriers restrict exports to India
KARACHI, Nov 26: Pakistan’s two-way trade volume with India is being estimated to have exceeded $5 billion in a year in which share of exports from Pakistan is only $400 million....
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Plan to sell 51pc shares of NPCC approved
ISLAMABAD, Nov 26: The board of Privatisation Commission (PC) on Wednesday approved a plan for holding an open bidding for the acquisition 51 per cent shares of National Power Construction Company (NPCC)....
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Second major price cut by PS in a month
KARACHI, Nov 26: The Pakistan Steel (PS) on Wednesday further reduced prices of its products for the second time in the current month by Rs4,000-20,000 per ton following a continuous decline in raw material prices....
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Investment declining in telecom industry
KARACHI, Nov 26: Both local and foreign investment in the telecom sector declined by almost 25 per cent during 2007-08 as authorities believe that major players are reluctant to move with expansion plans in rural areas....
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Rupee may gain on transfer of $3.1bn
ISLAMABAD, Nov 26: The economic managers expect that the rupee will get some part of its lost weight against the US dollar immediately after the International Monetary Fund (IMF) releases the first tranche of $3.1...
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Listless trading on stock market
KARACHI, Nov 26: Trading on the stock market on Wednesday was insipid as all eyes remained focused on the removal of the ‘floor’ which analysts hope will lead to normal activity after three months terrible sluggishness....
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Cotton market resists fresh fall in prices
KARACHI, Nov 26: Cotton market on Wednesday resisted fresh fall as most of the deals in the ready section were finalised well above the official rates on active mill buying at the lower levels....
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Karachi Port operations
KARACHI, Nov 26: Four ships, carrying lube oil, containers and coal, are due to arrive at the outer anchorage on Thursday, according to KPT sources....
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Port Qasim
KARACHI, Nov 26: Two ships carrying containers and wheat berthed at the Qasim International Container Terminal and Multi-Purpose Terminal, respectively, here on Tuesday while five more ships with containers, palm oil...
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China cuts interest rates by 108bps
BEIJING, Nov 26: China’s central bank announced on Wednesday a steep cut in its interest rates -- by four times the usual margin -- in a signal that it would pull out all the stops to boost weakening economic growth....
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Oil prices rise by over $1
LONDON, Nov 26: World oil prices rose on Wednesday, bouncing back from recent sharp falls, boosted by Chinese and European moves to fight the global economic downturn, traders said....
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PQA handles 1.03m tons of wheat
KARACHI, Nov 26: The Port Qasim handled a record volume of 1.03 million tons of wheat over a period of four months. Prompt handling of ships loaded with wheat helped to cope with the wheat shortage across the country....
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Dollar gains
LONDON, Nov 26: The dollar gained on the euro on Wednesday despite another round of weak US economic reports and as the head of the European Central Bank said he was ready for more eurozone interest rate cuts....
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Minister visits Karachi Port
KARACHI, Nov 26: The minister of state for ports and shipping Sardar Nabeel Ahmad Gabol visited the Karachi Port Trust (KPT) head office and the port area on Wednesday....
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Elected
KARACHI, Nov 26: Anis Majeed and Malik Zulfiqar Ali have been elected chairman and senior vice chairman of Karachi Wholesalers Grocers Association (KWGA) for 2008-2010.....
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Asian stocks give mixed reaction
HONG KONG, Nov 26: News of another massive rescue package in the United States for the battered banking sector received a mixed reception on Asian markets, with investors remaining cautious as the world economy slows....
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Engro Polymer uses new PVC pipe
KARACHI, Nov 26: The Engro Polymer and Chemicals Limited (EPCL) has become the first company to use locally manufactured 20-inch diameter PVC pressure pipe for supply of raw water....
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Palm oil at 2-week high
KUALA LUMPUR, Nov 26: Malaysian palm oil futures surged 5.5 per cent to hit a two-week high as market players scrambled to short cover on expectations that crude oil would claw back some gains, traders said....
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Karachi market rates
KARACHI, Nov 26: The following were Wednesday commodity market rates in rupees....
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