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| February 09, 2007 | Friday | Muharram 20, 1428 |
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Setting up of Saudi Pak real estate firm allowed
ISLAMABAD, Feb 8: The State Bank of Pakistan (SBP) has allowed the Saudi Pak Agricultural and Investment Company to set up its Real Estate Development Company to help meet Pakistan''s growing housing and office building requirements.... 
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Qatar eager to acquire local bank
KARACHI, Feb 8: Qatar Islamic Bank (QIB) is looking for expansion of its operations to Pakistan by acquiring a local bank, said Gulf Times, a leading newspaper of Qatar....
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Economy faces serious risks
KARACHI, Feb 8: Pakistan''s economy faces serious risks and challenges and desperately needs basic infrastructural changes. During the last two and a half financial years, many economic indicators are showing negative trends....
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Contractors threaten to stop work on projects: High cement prices
ISLAMABAD, Feb 8: All Pakistan Contractors Association (APCA) has proposed a range of measures, including a ban on export to Afghanistan and the Middle East for bringing down the cement price to affordable level....
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Kenya seeks help in farm sector
KARACHI, Feb 8: Kenya is keen to get assistance from Pakistan in research and technology and would like to benefit from its vast experience in agriculture, particularly irrigation system, to enhance its farm production....
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Stocks add 139 points on portfolio buying
KARACHI, Feb 8: Stocks on Thursday posted fresh widespread gains across a broad front as investors continued to build-up long positions on selected counters amid a heavily traded session....
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Reserves touch record high
KARACHI, Feb 8: Pakistan’s foreign exchange reserves have touched an all-time high level mainly on account of robust inflows and lesser outflows....
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PM calls for steps to make industry competitive
ISLAMABAD, Feb 8: Prime Minister Shaukat Aziz on Thursday said that competitiveness was the cornerstone of economic growth and development and all arms of the government and the private sector will...
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Banks told to submit plans for meeting MCR
KARACHI, Feb 8: The State Bank has threatened to cancel licences of those banks which will not submit their plans for meeting minimum capital requirement (MCR) by April 30, 2007....
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Body formed to revamp steel industry
ISLAMABAD, Feb 8: A 16-member committee, consisting of representatives of stakeholders of steel industry (long products), was formed for preparing a road-map for revamping and modernising the industry....
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Oil prices extend losses
LONDON, Feb 8: World oil prices eased on Thursday, after heavy losses the previous day, as traders continued to assess the latest snapshot of US energy stockpiles amid frosty weather in the northern hemisphere....
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Moscow warned against economic protectionism
MOSCOW, Feb 8: A leading British business representative warned Russia on Thursday against economic protectionism and criticised "mixed signals" he said Moscow was sending as a natural gas producer that meets a quarter of Europe''s demand for the fuel....
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Brisk buying on cotton market
KARACHI, Feb 8: Brisk trading was again witnessed on the cotton market on Thursday as mills lifted all the lots offered for sale by the ginners....
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European shares slip
LONDON, Feb 8: European stock markets sagged on Thursday as investors awaited key interest rate calls in both Britain and the euro zone, despite a raft of positive earnings news, dealers said.The...
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Audit of LTU taxpayers
ISLAMABAD, Feb 8: The Central Board of Revenue (CBR) will start audit of taxpayers at Large Taxpayer Units (LTUs) in Karachi and Lahore by end of the current month....
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Mining operations
MANILA, Feb 8: The Philippines gave the go-ahead on Thursday for Australia''s Lafayette Mining to resume operations at its controversial Rapu-Rapu site, which had been closed for environmental infringements....
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ECB, BoE leave rates unchanged
FRANKFURT, Feb 8: The European Central Bank held its key rates steady as expected on Thursday, but ECB chief Jean-Claude Trichet issued a strong hint that borrowing costs could rise next...
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Malaysian palm oil lower
KUALA LUMPUR, Feb 8: Malaysian crude palm oil futures slipped 1.6 per cent on Thurday as investors liquidated long positions ahead of export and output data due next week....
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Port Qasim
KARACHI, Feb 8): Three ships carrying containers and high speed diesel oil were accommodated berths at QICT and Fotco Terminal during the last 24 hours, said a PQA press release on Thursday....
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Karachi Port operations
KARACHI, Feb 8: Two ships carrying containers are due to arrive at the outer anchorage on Friday, according to KPT sources....
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