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| December 14, 2008 | Sunday | Zilhaj 15, 1429 |
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SECP to seek legal opinion on SHC order
KARACHI, Dec 13: In respect of the order by the Sindh High Court on Saturday on a suit instituted by two stock brokerage firms, there appeared to be a confusion over... 
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Saarc business leaders moot may be put off
KARACHI, Dec 13: The third Saarc business leaders conclave scheduled to be held in Islamabad in February next year is likely to become a victim of the current imbroglio between India and Pakistan....
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July-Nov remittances increase by 15 per cent
KARACHI, Dec 13: Remittances sent by the overseas Pakistanis continued to show a rising trend as an amount of $2,966.51 million was received in the first five months (July-November) of the current fiscal year 2008-09, showing an increase of $379.44...
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Banking spread touches 7.7pc in October
KARACHI, Dec 13: Banks have made huge profits through higher banking spread, which reached a record 7.72 per cent in October, 2008....
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White House vows aid to carmakers
WASHINGTON, Dec 13: Struggling US carmakers weighed their options on Saturday after the White House said it could tap a $700 billion rescue package to save them from immediate collapse....
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Asian powers to cooperate on economic crisis
FUKUOKA, Japan, Dec 13: The leaders of China, Japan and South Korea pledged on Saturday to drum up funding to spare Asia the worst of the global financial crisis, vowing to serve as an engine to revive the world economy....
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New move in Russia on economic woes
MOSCOW, Dec 13: Russia’s scattered liberal opposition moved to unite on Saturday by setting up a new movement, Solidarity, to capitalise on growing economic discontent....
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Incentives to textile industry assured
LAHORE, Dec 13: Provincial Minister for Finance and Planning and Development Tanvir Ashraf Kaira has said the government will provide all possible facilities and incentives to export industry....
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PM to inaugurate Pakistan-Argentina venture
ISLAMABAD, Dec 13: Prime Minister Syed Yousuf Raza Gilani is likely to inaugurate a joint venture in pharmaceutical field between Pakistan and Argentina in January next, said Minister of State for Investment Saleem H Mandviwalla....
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Zambian president meets mine officials
LUSAKA, Dec 13: Zambian President Rupiah Banda on Saturday held talks with officials of Luanshya Copper Mine over a threat to abandon its copper unit, weeks after suspending building of a $354 million mine, a government official said on Saturday....
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Debt restructuring
LA LIBERTAD, Dec 13: Ecuadorean President Rafael Correa on Saturday warned bond-holders with a hefty cut in the nominal value of defaulted global paper as part of a restructuring plan he will offer them in coming days....
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Iraq’s plea for debt cancellation
MANAMA, Dec 13: Deputy Prime Minister Barham Saleh reiterated on Saturday a call for Iraq’s creditors to cancel the foreign debt of the country that was accumulated by the former regime....
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Political dialogue essential to keep the globe oiled
RIYADH, Dec 13: Despite assurances from Opec officials that an output cut is just round the corner, oil prices markets continued to climb down raising questions whether the anticipated big production...
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Slight improvement in cotton trading
KARACHI, Dec 13: Trading activity on the cotton market showed a slight improvement on Saturday as a section of the spinners resumed covering operations against their forward sales of textiles....
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Karachi Port operations
KARACHI, Dec 13: Eight ships carrying containers, crude oil and imported wheat are expected to arrive at the outer anchorage on Sunday, according to Karachi Port Trust sources....
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Port Qasim
KARACHI, Dec 13: Two ships, carrying containers and diesel oil, arrived at outer anchorage of Port Qasim while one ship, to load and offload containers, berthed at the Qasim International Containers Terminal during the last 24 hours....
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Saudi varsity initiates solar power plant
RIYADH, Dec 13: King Abdullah University of Science and Technology (KAUST) is proceeding ahead with the Saudi solar power plant....
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German bank to seek 10bn euros in aid
BERLIN, Dec 13: German state-owned regional bank WestLB is to seek government guarantees worth at least 10 billion euros under a rescue scheme, a press report said on Saturday....
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Indonesian policies
JAKARTA, Dec 13: Indonesia’s policies to tackle imports and drive domestic demand are not protectionist, but are necessary to curb smuggling, meet safety rules, and spur growth, the trade minister said....
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Oil prices rebound, base metals hit fresh lows
LONDON, Dec 13: Oil prices rebound while aluminium and copper futures hit fresh multi-year lows in a week of volatile trading for commodities....
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Wall Street recovers
NEW YORK, Dec 13: US stocks recouped early losses and ended higher on Friday as traders looked past weak economic news and drew encouragement from a White House pledge to stave off the collapse of Detroit automakers....
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Rich investors become victim of broker’s fraud
NEW YORK, Dec 13: Some of the world’s most powerful and wealthy investors were taken in by New York broker Bernard Madoff’s alleged giant pyramid scheme, The Wall Street Journal reported on Saturday....
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Dollar down against euro, yen
NEW YORK, Dec 13: The US dollar was down marginally against the euro and yen Friday after plunging to a 13-year low against the Japanese currency amid uncertainty over a bailout plan for beleagured American automakers....
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Karachi market rates
KARACHI, Dec 13: The following were Saturday’s commodity market rates in rupees....
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