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| May 17, 2008 | Saturday | Jamadi-ul-Awwal 11, 1429 |
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WB calls for greater investment in agriculture
ISLAMABAD, May 16: The World Bank (WB) on Friday stressed the need for greater investment in agriculture sector in Pakistan, a country where wheat and rice prices are hitting the pocketbooks... 
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Weekly inflation up by 26.25pc
ISLAMABAD, May 16: The weekly inflation increased by 26.25 per cent during the week ended on May 15 over last year, said the Statistics Division data issued on Friday....
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Stocks suffer massive losses on political turmoil
KARACHI, May 16: The share market remained under pressure on Friday as investors liquidated their long positions on the blue chips counters amid growing fears of political confrontation among the contenders...
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Traders oppose early shops closure
KARACHI, May 16: The shopkeepers have started flexing their muscles to protest against the government’s decision to close markets by 9:00pm. They, however, say that they are finalising their own plans to conserve energy through joint efforts....
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Tenders for wheat issued
KARACHI, May 16: The Trading Corporation of Pakistan (TCP) said on Friday it has issued two separate tenders to import a total of 250,000 tons of wheat to boost buffer stocks....
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Business leaders want APC on budget
KARACHI, May 16: Business leaders want holding of an all parties’ conference to work out a consensus financial/business package for the next budget....
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Oil races further higher
LONDON, May 16: The price of oil rocketed to a record high of $127.82 per barrel on Friday, as US President George W. Bush prepared to urge Saudi Arabia to pump more crude, analysts said....
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CCP, govt lock horns over cement cartel
KARACHI, May 16: The cement manufacturers have not yet decided on the strategy to respond to the inquiry initiated by the Competition Commission of Pakistan (CCP) that suspected cartelisation in the sector....
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Rupee rallies against dollar
KARACHI, May 16: The rupee firmed on Friday as dealers said there was increased supply of US dollars, but trading remained thin....
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JBC with Poland formalized
KARACHI, May 16: The Poland-Pakistan Joint Business Council (JBC) was formalised during a joint meeting between the Poland Chamber of Commerce and the FPCCI in a meeting recently held in Warsaw....
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Refinancing to leather garment exporters denied
KARACHI, May 16: Commercial banks have stopped giving refinance facility to leather garment exporters....
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Karachi market rates
KARACHI, May 16: The following were Friday commodity market rates in rupees....
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Financial crisis
WASHINGTON, May 16: US Treasury Secretary Henry Paulson said on Friday he believes the financial crisis is winding down, but that it would take some time to fully emerge from the economic malaise....
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Cotton market stays firm on hectic buying
KARACHI, May 16: Cotton market on Friday maintained a firm trend as spinners and mills remained active buyers at the higher asking prices by the ginners....
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Karachi Port operations
KARACHI, May 16: Seven vessels carrying wheat, containers and to load rice are expected to arrive at the outer anchorage on Saturday, according to KPT sources....
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Asian stocks close mostly higher
HONG KONG, May 16: Asian stocks closed mostly higher on Friday as official figures showed robust economic growth in Japan and Hong Kong despite the fallout from the global financial crisis....
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Gold rises in London
LONDON, May 16: Gold rose on Friday, buoyed by firm oil prices, but investors were careful about taking large positions ahead of a raft of U.S....
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Malaysian palm oil gains
KUALA LUMPUR, May 16: Malaysian crude palm oil futures rose 1.3 per cent on Friday on a strong rebound in vegoils and hopes that an industry conference in Jakarta would yield a bullish crop of news, traders said....
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