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| January 07, 2009 | Wednesday | Muharram 09, 1430 |
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Loadshedding for textile sector to end this month
ISLAMABAD, Jan 6: Federal Minister for Textile Industry Rana Farooq Saeed Khan said here on Tuesday that there would be no power or gas load-shedding for the textile and clothing sector by the end of the current month.... 
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Aptma complains of output losses
LAHORE, Jan 6: Textile industry, which earns around 60 per cent of the country’s export revenue and employs 45 per cent of non-farm labour, has so far lost more than two...
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Iran to cut import duty on kinno
KARACHI, Jan 6: Iran has approved all 20 cold storage plants for fruit fly treatment in Pakistan for export of kinno to that country. Last year, only four plants were eligible for processing of fruits shipment to Tehran....
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Stocks stage robust recovery
KARACHI, Jan 6: Stocks on Tuesday maintained their creeping recovery followed by steady inflow of both investment and speculative buying at the attractively lower levels although session’s peak level could not...
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PSO orders more petrol to avert shortage
KARACHI, Jan 6: Pakistan has again sought import of petrol to avert any shortage of the commodity....
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Law to protect bilateral trade pacts, investment
LAHORE, Jan 6: The government has decided to give protection to investments for the next 10 years by legislation through the parliament....
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Record advances in 2008; deposits decline sharply
KARACHI, Jan 6: Banks made record advances during 2008 which was highest since 2002, the State Bank of Pakistan reported on Tuesday....
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Wheat import by private sector; date extended
MULTAN, Jan 6: The government has extended the last date for the import of wheat by the private sector from Feb 15 to Feb 28.Wheat Commissioner Shakeel Ahmed Khan in a...
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Oil rallies above $50
LONDON, Jan 6: Oil prices rose back above $50 on Tuesday as the energy market was shaken by disruptions to gas supplies across Europe, where a cold snap boosted demand....
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Euro dives
LONDON, Jan 6: The euro sank against the dollar on Tuesday as tumbling eurozone inflation raised expectations the European Central Bank would slash interest rates again next week, analysts said....
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TCP to import urea
KARACHI, Jan 6: Trading Corporation of Pakistan (TCP) has floated a tender for the import of 250,000 tons of urea from world-wide sources....
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Cotton trading gets slow on reduced daily intake
KARACHI, Jan 6: Physical activity on the cotton market on Tuesday shrank to a modest proportion as spinners and mills curtailed their daily intake owing to delivery problems on account of two public holidays on Ashura....
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Karachi Port operations
KARACHI, Jan 6: Seven ships carrying containers and to load molasses and ethanol are expected to arrive at the outer anchorage on Wednesday, according to KPT sources....
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Port Qasim
KARACHI: Brisk shipping was observed at the port where five ships scheduled to load, offload containers, rice, palm oil and diesel oil were berthed at Qasim International Container Terminal, Multi-purpose Terminal and Fotco oil Terminal, respectively, on Monday....
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Foreign investment in Myanmar soars
YANGON, Jan 6: Foreign investment in Myanmar nearly doubled in the first 10 months of last year, with the bulk coming from Chinese-backed mining projects, official figures showed on Tuesday....
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LNG demand to rise 3 times in 25 years
KARACHI, Jan 6: Sui Southern Gas Company Limited (SSGC) has said that in view of rising gas demand the plan to launch more than one LNG project has become indispensable....
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Japan to hunt for rare metals in seabed
TOKYO, Jan 6: Japan plans to start exploring its seabed to harvest rare earth elements used in electronics, hoping to reduce its heavy reliance on Chinese imports, a government official said on Tuesday....
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Eurozone inflation slumps to 2-year low
BRUSSELS, Jan 6: Inflation in the euro countries slumped in December to the lowest level in over two years, according to an official EU estimate on Tuesday and clearing the way for more interest rate cuts....
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Asian stocks extend new year optimism
HONG KONG, Jan 6: Asian stocks on Tuesday extended their positive start to the year amid optimism for measures to ease the global economic meltdown after share prices were decimated in 2008, dealers said....
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Gold slips in Europe
LONDON, Jan 6: Gold slipped more than 2 per cent in Europe on Tuesday, extending the previous session’s losses, as the dollar strengthened to a fresh three-week high against the euro, denting the metal’s appeal as a currency hedge....
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Palm oil prices higher
JAKARTA, Jan 6: Malaysian palm oil futures extended a recent rally, climbing nearly 8 per cent to finish at a three-month high on Tuesday, on stronger crude oil prices and short-covering, traders said....
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Karachi market rates
KARACHI, Jan 6: The following were Tuesday’s commodity market rates in rupees....
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