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| December 13, 2007 | Thursday | Zilhaj 2, 1428 |
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State Bank moves to cage wheat prices
KARACHI, Dec 12: Wheat, the ‘golden devil’, which inflicted the common men’s economy and turned into a real challenge for the government to bring its prices under control, attracted State Bank to play its role.... 
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Gas supply to 100 textile units suspended
LAHORE, Dec 12: To the dismay of the crisis-ridden textile industry, the Sui Northern Gas Pipelines Limited (SNGPL) suspended gas supply to 100 units in War Burton on Sheikhupura Road and...
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Rice export to Russia may resume soon
ISLAMABAD, Dec 12: Islamabad has a brilliant chance of influencing Moscow to announce lifting of ban on its rice in February when a team from the Russia will visit Pakistan, a source told Dawn on Wednesday....
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SMEs receive 60pc additional financing
KARACHI, Dec 12: Banks are showing a marked shift to small and medium enterprises despite a number of problems, and bankers estimate allocation of more than Rs16 billion during the first...
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Ghee exporters to get 90pc refund
ISLAMABAD, Dec 12: The government on Wednesday announced repayment of 90 per cent customs duty and sales tax on export of ghee and cooking oil to penetrate the growing market of Afghanistan and Central Asian States (CAS)....
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Oil price jumps by $3
NEW YORK, Dec 12: Oil jumped $3 to $93 a barrel on Wednesday as the US Federal Reserve and several other major central banks moved to ease credit tensions and US crude stocks fell to the lowest point since early 2005....
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Euro firm after modest dollar gains
LONDON, Dec 12: The dollar got a modest boost on Wednesday from central bank action to ease the global credit crunch but then slipped back against the euro as markets concentrated on interest rates, dealers said....
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Millions being lost in wrong declarations : CARe being misused
KARACHI, Dec 12: Auto clearance of imported goods through computers at the Model Customs Collectorate (MCC), operating under Customs Administrative Reforms (CARe), is causing billions of rupees revenue loss to the national exchequer owing to rampant corruption and large-scale mis-declarations....
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Aptma, Apta in row over R&D rebate
KARACHI, Dec 12: The All Pakistan Textile Mills Association (Aptma) has come to a head conflict with its breakaway group, the All Pakistan Textile Association (Apta) after leaders of Aptma reportedly showed inclination of accepting .01...
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ECB move
FRANKFURT, Dec 12: The European Central Bank said on Wednesday it would take joint action with the US Federal Reserve and other institutions to offer short-term funding to the money markets to help ease a global credit squeeze....
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Stocks suffer fresh pruning on blue chip counters
KARACHI, Dec 12: Stocks suffered fresh pruning on blue chip counters on Wednesday under the lead of oil shares as a section of investors took profits at higher level to meet their technical demands....
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Industrialised states urged to cut carbon emissions
NUSA DUA (Indonesia), Dec 12: India on Wednesday warned future generations faced disaster unless developed countries committed to extensive cuts in greenhouse-gas emissions after Kyoto Protocol commitments expire in 2012....
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Ginners, spinners engaged in battle of wits
KARACHI, Dec 12: Cotton market witnessed active trading on Wednesday as spinners and mills covered position against forward sales for the quarter ending on March 31, next....
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Opec output up by 40,000 bpd in Nov
RIYADH, Dec 12: Cumulative crude production by the 12 members of the Organisation of Petroleum Exporting Countries (Opec) rose to 31.15 million barrels per day in November as compared to 31.11...
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China tells US to fix economic problems
XIANGHE (China), Dec 12: China told the United States on Wednesday to fix its own economic problems rather than deliver lectures, as the two sides warned at top-level talks here that protectionism threatened their trade ties....
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Elected
KARACHI, Dec 12: A meeting of the executive board of the Pakistan Leather Garments Manufacturers and Exporters Association (Plgmea) held in Sialkot on Tuesday elected, Fawad Ijaz Khan, chairman, central office of Plgmea, for 2007-08....
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Asian stocks slide after US interest rate cut
HONG KONG, Dec 12: Asian stock markets skidded lower on Wednesday, following Wall Street into the red on fears a quarter-point interest rate cut by the Federal Reserve may not be enough to ward off a US recession....
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Malaysian palm oil steady
KUALA LUMPUR, Dec 12: Malaysian crude palm oil futures were steady on Wednesday, with the market torn between some investors cashing in on slightly weaker crude and soyaoil prices and others taking up positions on wet weather worries....
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Karachi market rates
KARACHI, Dec 12: The following were Wednesday’s commodity market rates in rupees....
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European stocks decline
LONDON, Dec 12: European share prices slumped on Wednesday, following Wall Street into the red on fears that the latest cut to US interest rates may not be big enough to avoid a US recession, dealers said....
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