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March 30, 2008 Sunday Rabi-ul-Awwal 21, 1429 Private moneylenders playing havoc with working class KARACHI, March 29: An overwhelming majority of the earning age people, from 16 years to 60 years, are hostage to predatory moneylenders in the villages and even in the big cities like Karachi, Lahore, Multan, Faisalabad, and Peshawar.... Punjab consumes 84pc of farm credit KARACHI, March 29: The Punjab has emerged as the main beneficiary of agricultural loans as the province consumed 84 per cent of entire loans disbursed by the banks during July-Dec 2007-08... Shortfall makes revenue target difficult: Second quarterly report ISLAMABAD, March 29: The Federal Board of Revenue (FBR) is likely to remain short of the revenue target of Rs1,025 billion for the fiscal year 2007-08 owing to shortfall of Rs35... Tajikistan to supply cheap power to Pakistan LAHORE, March 29: Tajikistan Ambassador Said Saidbaig has said that his country would be able to export cheap electricity to Pakistan and Iran on completion of two huge hydropower stations within two years.... Yield on 10-year PIB increased KARACHI, March 29: The State Bank of Pakistan set a cut-off yield at 11.4494 per cent on the government’s benchmark 10-year investment bond at an auction on Saturday.... SPI up by 17.35pc ISLAMABAD, March 29: The weekly inflation, measured through the Sensitive Price Index (SPI), increased by 17.35 per cent during the week ended on March 28, over the corresponding period last year,... Pakistan gets chance to capture rice markets RIYADH, March 29: With India and Vietnam, the two major rice exporting countries, opting to restrain their rice exports, Pakistani rice exporters could re-enter the regional markets in a big way, experts here think.... CFS rates show modest rise KARACHI, March 29: The CFS (continuous funding system) rates on the Karachi Stock Exchange showed a modest increase of 92 basis points as demand for fresh credit lines remained on the higher side.... Oil markets appear heading low RIYADH, March 29: After all these months, with crude pushing through one barrier after the other, it seems the market is getting back to some senses finally.... Wheat support price-hike hailed MULTAN, March 29: The farming community in the southern Punjab has welcomed the announcement of Prime Minister Yusuf Raza Gilani for raising the wheat support price from Rs510 to Rs625 per 40kg.... Rs100m from Sindh govt not received by Textile City KARACHI, March 29: A Pakistan Textile City spokesman has said that the company had not yet received the Sindh government additional share of Rs100 million.... LCCI welcomes PM’s agenda LAHORE, March 29: Lahore Chamber of Commerce and Industry President Mohammad Ali Mian has welcomed the agenda for progress and prosperity announced by the prime minister.... MoU with Naples Chamber KARACHI, March 29: The Karachi Chamber of Commerce and Industry, which has, so far, signed about 60 memoranda of understanding (MoUs) with various chambers of commerce and trade bodies of foreign... Karachi Port operations KARACHI, March 29: Six ships carrying containers and to load molasses and ethanol are expected to arrive at the outer anchorage on Sunday, according to KPT sources.Berthing... Port Qasim KARACHI, March 29: Four more ships carrying containers, crude oil, chemicals and wheat arrived at the outer anchorage during the last 24 hours, said a PQA press release on Saturday.... Dull trading on cotton market KARACHI, March 29: The cotton market passed through a dull trading session as spinners and mills kept to the sidelines awaiting final crop figure due possibly by next week.... Govt urged to facilitate SMEs growth KARACHI, March 29: Leaders of small and medium enterprises have urged the government to immediately implement the SME policy and also activate allied bodies to facilitate their growth, badly needed at... Company news KARACHI: BankIslami is all set to become a network bank of 100 online branches by December. This was announced at the annual general meeting of the bank on Saturday.... Global commodity prices move higher LONDON, March 29: Global commodity prices rose this week amid fresh concerns worries over tight supplies of raw materials, particularly for crude oil and metals.... Wall Street shares fall NEW YORK, March 29: US stock markets closed lower on Friday as a government survey showed American consumers pulled in their belts a few notches last month amid lingering economic uncertainty.... New York cotton ends lower NEW YORK, March 29: Cotton futures reeled from liquidation by investors at the end of the month to finish lower on Friday while players braced for release of a vital government plantings report next week, brokers said.... China needs to continue accelerating rise in yuan WASHINGTON, March 29: China’s yuan currency has increasingly appreciated in the past two years and that pace “should continue,” a top US official said Friday....

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