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| May 14, 2008 | Wednesday | Jamadi-ul-Awwal 8, 1429 |
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Third breakdown at KSE in 23 days
KARACHI, May 13: Trading was suspended at the Karachi Stock Exchange on Tuesday at around noon for nearly one and a half hours, which the bourse management attributed to technology-related problems.That... 
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Computers’ prices surge by 15-20pc
KARACHI, May 13: As the dollar continues its unprecedented rise against rupee, importers of personal computers and accessories have cancelled orders placed with international suppliers for indefinite period....
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Huge state entities’ bills worry budget planners
ISLAMABAD, May 13: A high-level meeting in the ministry of finance on Tuesday deliberated on clearing the pending bills of the public sector corporations, running into billions of rupees, which is causing problems in firming up budgetary projections for 2008-09....
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Gwadar Port concession questioned
KARACHI, May 13: Port and shipping experts have drawn the attention of the Competition Commission of Pakistan towards the monopolistic status of the Port of Singapore Authority International (PSAI), which has been given the 40-year concession to run the Gwadar Port....
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Pre-budget price-hike hits consumers
KARACHI, May 13: Pre-budget price shocks have started hitting the consumers, and rice has taken a lead in the price spiral, coupled with a rising trend in sugar, onion and pulses rates....
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Balochistan seeks Sindh’s help: Revenue generation
KARACHI, May 13: The Balochistan government has sought the assistance of Sindh to increase its tax revenue which currently stood at Rs500 million compared to Sindh’s revenue of Rs9,500 million....
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Industry revival plan urged in next budget
LAHORE, May 13: The Lahore Chamber of Commerce and Industry has urged the government to announce a plan in the federal budget for the revival of industry crippled by the unprecedented energy crisis and increase in cost of doing business....
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Oil price hits new peak
LONDON, May 13: The price of crude oil struck a record high $126.98 a barrel on Tuesday despite expectations of slower demand growth for crude, traders said....
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US firm to help boost cotton output
ISLAMABAD, May 13: The Ministry of Food, Agriculture and Livestock (Minfal) and a US company signed a letter of intent (LoI) on Tuesday to expand cotton production in Pakistan by introducing Monsanto-derived insect protection technology ‘Bollgard’....
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Canadian IT market explored
ISLAMABAD, May 13: The Pakistan Software Export Board (PSEB) recently organised a series of networking events and receptions in Canada....
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Bulls roar back, KSE gains 255.89 points
KARACHI, May 13: The Karachi Stock Exchange (KSE) 100-share index on Tuesday virtually roared back to its pre-reaction level on strong support on the blue chip counters aided by some positive...
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Prices move higher on cotton market
KARACHI, May 13: Cotton market on Tuesday showed firm trend as prices were quoted higher by Rs25 per maund followed by reports of pressure on ready supplies....
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Malaysia, Romania to invest in Pakistan
ISLAMABAD, May 13: Business delegations from Romania and Malaysia have expressed their interest to invest in Pakistan, particularly in infrastructure sector....
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Action urged to cut risks in forex trade
BASEL, May 13: Central bankers on Tuesday urged that more action be taken to reduce risks when settling foreign exchange transactions, according to a report published by the Bank for International Settlements....
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Karachi Port operations
KARACHI, May 13: Seven ships carrying containers and to load cement, ethanol and molasses are expected to arrive at the outer anchorage on Wednesday, according to KPT sources....
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Port Qasim
KARACHI, May 13: Two container vessels were accommodated berths during the last 24 hours, said a PQA press release on Tuesday....
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Dollar perks up on US retail data
LONDON, May 13: The dollar firmed against the euro here on Tuesday on news that US retail sales excluding automobiles rose a better-than-expected 0.5 per cent in April from March....
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Gold prices retreat
LONDON, May 13: Gold slipped on Tuesday and was likely to trade in a range as the dollar firmed against other currencies, robbing the metal some of its appeal as an alternative investment....
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Asian stocks close mostly higher
HONG KONG, May 13: Asian stocks closed mostly up on Tuesday, helped by an easing in oil prices from record levels, but the Chinese market slipped back in the wake of the deadly earthquake in Sichuan province....
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Malaysian palm oil lower
KUALA LUMPUR, May 13: Malaysian crude palm oil futures edged 1.1 per cent lower on Tuesday, falling further from three-week highs hit the previous day, as some investors took profit on talk of higher supplies in the physical market....
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Karachi market rates
KARACHI, May 13: The following were Tuesday commodity market rates in rupees....
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