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| January 14, 2009 | Wednesday | Muharram 16, 1430 |
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25pc duty imposed on Indian potato: Relief for capital goods
ISLAMABAD, Jan 13: The Economic Coordination Committee (ECC) of the cabinet on Tuesday partially exempted capital goods imported by retail chain stores from regulatory duty, and imposed 25 per cent additional duty on import of potatoes from India.... 
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Remittances up, capital outflow halts
KARACHI, Jan 13: Overseas Pakistani workers sent record remittances in December helping the country to minimise its trade and current account deficits....
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Meeting on coal investment put off
KARACHI, Jan 13: A meeting of Thar Coal Energy Board scheduled on Tuesday with Chief Minister Syed Qaim Shah in chair has been put off without any explanation....
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Brisk trading speaks volumes about market trend
KARACHI, Jan 13: A mere 0.29 per cent rise in KSE 100-share index on Monday was thought to mean that investors were still considering discretion to be better part of valour....
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US trade deficit narrows sharply
WASHINGTON, Jan 13: The US trade deficit fell a hefty 28.7 per cent in November to the lowest level in five years but the improvement comes amid a sharp contraction in global commerce, government data showed on Tuesday....
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Iraq earns $61bn from oil in 2008
BAGHDAD, Jan 13: Iraq generated more than $61 billion in oil revenues in 2008, up sharply from the previous year despite the plunge in world prices since last summer, the oil ministry said on Tuesday....
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Job plan for victims of recession urged
KARACHI, Jan 13: The Small and Medium Enterprises Development Authority has been urged to come up with a plan for profitable self-employment occupations for overseas Pakistanis who are losing jobs due...
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Oil jumps above $39
LONDON, Jan 13: Oil jumped almost $2 to above $39 a barrel on Tuesday after Saudi Arabia said it had removed 1.7 million barrels per day (bpd) of oil from the world market since last summer....
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Brokers told to sort out differences till 21st
LAHORE, Jan 13: Justice Umar Ata Bandial of Lahore High Court on Tuesday allowed time to brokers till Jan 21 to sort out their differences with the Securities and Exchange Commission of Pakistan....
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KSE-100 index stays firm on active short-covering
KARACHI, Jan 13: The KSE 100-share index on Tuesday consolidated above the resistance level of well above 6,000 points boosted by active short-covering in the leading oil shares and blue chips but the broader market stayed weak....
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China’s exports fall
BEIJING, Jan 13: China’s exports fell for a second month in December — in its biggest fall for a decade — as the global crisis gnawed further into the nation’s trade-dependent economy, the government said on Tuesday....
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Indonesia expects 2009 revenues to fall
JAKARTA, Jan 13: Indonesia expects its 2009 revenues to fall due to lower economic growth, finance minister Sri Mulyani Indrawati said on Tuesday....
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Karachi Port operations
KARACHI, Jan 13: Seven ships carrying containers and to load naphtha, ethanol and cement are expected to arrive at the outer anchorage on Wednesday, according to KPT sources....
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Lint trading resumes on firm note
KARACHI, Jan 13: Trading on the cotton market on Tuesday resumed on a firm note as some of the leading spinners and mills indulged in big-lot business followed by reports of pressure on ready supplies....
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PRL, ECO Bank ink accord
ISTANBUL, Jan 13: The Pakistan Refinery Limited (PRL) and the ECO Trade and Development Bank have signed an agreement for $50 million loan to finance crude oil imports from Iran....
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KCCI refused property tax waiver
KARACHI, Jan 13: The Sindh Excise Department has refused to exempt the Karachi Chamber of Commerce and Industry building from payment of property tax saying under the law it has no powers to do so....
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Auto industry may see wave of consolidation
DETROIT, Jan 13: Auto executives expect the industry to be hit by a wave of consolidation and potentially even bankruptcy this year amid a sharp drop in global sales and financial problems at the Detroit Three....
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Appointment
KARACHI, Jan 13: Koji Hyodo has taken over the office of vice-chairman at Indus Motor Company (IMC) effective from Jan 1, 2009....
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Asian stock markets close lower
HONG KONG, Jan 13: Asian stocks fell on Tuesday as investor confidence was dealt a blow by more bad corporate news as fears about the global economic slowdown continued to spread....
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Gold prices down
LONDON, Jan 13: Gold hit one-month lows on Tuesday on a firmer dollar, weaker oil and faltering demand, but bargain hunting limited further losses....
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Palm oil touch 1-week lows
KUALA LUMPUR, Jan 13: Malaysian crude palm oil futures tumbled by as much as 9.6 per cent to a week’s low on Tuesday as investors kicked off a selling spree after...
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Karachi market rates
KARACHI, Jan 13: The following were Tuesday’s commodity market rates in rupees....
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