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| November 16, 2008 | Sunday | Ziqa'ad 17, 1429 |
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80 days of market closure, still counting!
KARACHI, Nov 15: The Pakistani equity markets have been ‘floored’ for the past 80 days. That may be the longest ever ‘peace time’ closure of an equity market in the world.... 
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Iran wants oil price of $70-$100
TEHRAN, Nov 15: Iran wants Opec to cut oil output by a further 1 to 1.5 million barrels per day (bpd) when it meets in Cairo later this month, the Islamic...
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RTO collects Rs31bn in four months
KARACHI, Nov 15: The Regional Tax Office (RTO), Karachi, has collected Rs30.926 billion in revenue during the first four months (July-Oct) of the fiscal year 2008-09 showing a growth of 35 per cent over Rs22.992...
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Risks rise for Chinese banks
BEIJING, Nov 15: Chinese banks are in the best shape ever, but they face a rougher ride in 2009 as the economy turns down, a senior financial regulator said on Saturday....
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BD to import 100,000 tons of wheat
DHAKA, Nov 15: Bangladesh has issued an international tender to import 100,000 tons of wheat by early February to boost its emergency food stocks, a senior food official said on Saturday....
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Sindh BoR, excise told to boost collection
KARACHI, Nov 15: The Sindh government has directed the Sindh Board of Revenue and the excise department to boost revenue collection to meet the cost of development projects, which might be...
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India clears Pakistani goods
NEW DELHI, Nov 15: Pakistani goods meant for display at India International Trade Fair finally reached the site on the second day of opening of the fair after being delayed at...
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TCP awards contract for purchase of urea
KARACHI, Nov 15: The Trading Corporation of Pakistan (TCP) has managed to purchase 100,000 tons of urea from the international market at a competitive price of $284.90 per ton C&F....
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Task force on private sector notified
ISLAMABAD, Nov 15: The Planning Commission of Pakistan on Thursday notified the Task Force on private sector development....
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Cut in LPG price demanded
KARACHI, Nov 15: Saudi Aramco contract price of LPG has declined from $490 to $410 per ton, yet local producers and marketing companies continue to sell LPG at $560 per ton in the local market....
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Bank branch
KARACHI, Nov 15: Meezan Bank Limited has announced that it will expand its branch network to over 160 branches across the country by end of this year....
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US banks tighten credit card lending too late
NEW YORK, Nov 15: Closing millions of accounts, cutting credit lines and raising interest rates are just some of the moves credit card issuers are using to try to inoculate themselves from a tsunami of expected consumer defaults....
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Lint trading gets slow awaiting TCP entry
KARACHI, Nov 15: Trading activity on the cotton market on Saturday was relatively slow as ginners raised their asking prices amid hopes that the Trading Corporation of Pakistan would resume procurement operations shortly....
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Reports on depletion of Saudi oil field denied
RIYADH, Nov 15: The World Energy Outlook issued by the Paris-based IEA has helped ease concerns about the continued productivity and the remaining life of the Ghawar oil field in Saudi Arabia....
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Karachi Port operations
KARACHI, Nov 15: A dozen vessels carrying containers, rock phosphate and to load clinker and naphtha are expected to arrive at the outer anchorage during the next two days, according to KPT sources....
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Port Qasim
KARACHI, Nov 15: Three ships scheduled to load/offload containers, coal and chemicals were accommodated berths during the last 24 hours, said a PQA press release on Saturday....
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India takes steps to sustain growth
MUMBAI, Nov 15: The global slowdown is having a bigger than expected impact on India’s economy, the central bank said on Saturday as it took the latest in a series of steps to improve money market liquidity and help exporters....
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EU slaps duties on Chinese goods
BRUSSELS, Nov 15: The European Union put anti-dumping duties on Chinese-made candles and non-alloy steel products on Saturday, approving an earlier-flagged move as leaders at the G20 summit called for countries to avoid trade protectionism....
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Plunging oil prices spark emergency Opec output meeting
LONDON, Nov 15: Oil prices sank this week to three-and-a-half-year lows close to $50 a barrel, prompting the OPEC exporters’ cartel to call an emergency meeting to discuss a mooted output cut....
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NY cotton settles mixed
NEW YORK, Nov 15: Cotton futures closed mixed on Friday in mostly switch trade but confidence remained shaky and a further drubbing for fiber contracts seems likely in the days ahead, brokers said....
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Brutal week for Wall Street
NEW YORK, Nov 15: It was another brutal week for Wall Street but with a glimmer of hope that sparked fresh talk about whether the stock market had finally hit a “bottom” that will allow a new rally phase to start....
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Saudi stocks plunge
RIYADH, Nov 15: Saudi share prices fell by nearly three per cent on Saturday, the first trading day of the week....
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Gold rebounds
NEW YORK, Nov 15: Gold futures ended more than 5 per cent higher on Friday as heavy buying by funds triggered buy stops ahead of the Group of 20 summit meeting, which could set a positive tone for the bullion market....
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Dollar, yen gain on fresh flight to safety
NEW YORK, Nov 15: The dollar and yen attracted buyers on Friday as investors looked for safety amid news that the eurozone fell into recession and world leaders met for a summit in Washington on the global financial crisis....
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