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| March 20, 2008 | Thursday | Rabi-ul-Awwal 11, 1429 |
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Govt acts to resolve KESC’s problems
KARACHI, March 19: Prime Minister’s Inspection Commission Chairman Lt-General (retd) Farooq Ahmed Khan has said that he would brief the caretaker Prime Minister Muhammadmian Soomro about the problems in supply of... 
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Energy savers take over sale of tubelights, bulbs
KARACHI, March 19: With a steep rise in power bills despite massive electricity failures, the sale of energy saving lamps has increased tremendously, and they have taken over tubelights and bulbs because of their low power consumption....
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Oil, gas found in NWFP
ISLAMABAD, March 19: The ministry of petroleum on Wednesday announced a new discovery of 2,881 barrels oil and 45.8mmcf gas in Mami Khel-1 well -- Tal Block in the NWFP....
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‘Globalisation losing lustre’
PARIS, March 19: The governor of the French central bank warned on Wednesday that globalisation was switching from being a benign influence on consumer prices to being a force for inflation....
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Contractors facing liquidity crunch: Costly materials
KARACHI, March 19: Surging prices of construction materials coupled with long delays in release of payments has created financial crunch for contractors who are presently executing government projects....
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BoJ without successor
TOKYO, March 19: Japan will be without a central bank chief for the first time in more than 80 years on Thursday after lawmakers failed to settle a row before governor Toshihiko Fukui bowed out amid global market turmoil....
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Stocks rebound on new oil finds reports
KARACHI, March 19: Stocks on Wednesday staged a broad rally boosted by heavy buying in the oil sector followed by reports of new oil finds and on other blue chip counters, notably cement at the overnight lower levels....
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Oil, gold prices dive
LONDON, March 19: Crude oil and gold prices plunged from recent record heights on Wednesday, as markets were rattled by concerns that ongoing global economic turmoil would dent demand for commodities, analysts said....
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SBP injects Rs33.75bn into money market
KARACHI, March 19: The State Bank of Pakistan injected a huge liquidity on Wednesday to soften the dry inter-bank money market which kept the rates just close to the discount rate for more than a week....
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Refunds held back to achieve revenue target
ISLAMABAD, March 19: The tax authorities have withheld a sum of Rs14 billion against refund payable to major exporters across the country during the first eight months of the current financial...
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Meeting on CFS Mk II on 25th
KARACHI, March 19: A meeting of the Securities and Exchange Commission of Pakistan (SECP) and the Board of Directors of the Karachi Stock Exchange (KSE) is scheduled to be held on...
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UK watchdog to probe into shares trading
LONDON, March 19: Britain’s financial watchdog said on Wednesday it was investigating recent trading in financial shares following a series of market rumours about banks that were alleged to be in trouble....
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Steady trend on cotton market
KARACHI, March 19: Cotton market maintained a quietly steady trend on Wednesday as some of the spinners picked up stray lots of both fine and inferior quality but others stayed away....
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Karachi Port operations
KARACHI, March 19: Five ships carrying steel, containers and to load molasses are expected to arrive at the outer anchorage on Thursday, according to KPT sources....
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Port Qasim
KARACHI, March 19: Three ships to load and offload containers, tallow oil and chemicals were accommodated berths during the last 24 hours, said a PQA press release on Wednesday....
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No bid for SocGen
PARIS, March 19: French banking giant BNP Paribas said on Wednesday it had dropped any idea of a bid for Societe Generale, another leading French bank rocked earlier this year by the biggest-ever rogue trading scandal....
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Asian stocks soar on US rate cut
HONG KONG, March 19: Asian stocks soared on Wednesday after a big bounce on Wall Street as the US Federal Reserve slashed interest rates in a bid to contain a spiralling financial crisis and risk of recession....
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Palm oil futures lower
KUALA LUMPUR, March 19: Malaysian crude palm oil futures ended lower on Wednesday but managed to trim earlier steep losses in late trade with weak demand pushing down vegetable oils across Asia....
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Karachi market rates
KARACHI, March 19: The following were Wednesday’s commodity market rates in rupees....
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