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PASSCO fails to attract paddy growers |
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By Aftab Maken
ISLAMABAD: Pakistan Agriculture Storage and Supplies Corporation — the state-run procuring agency for commodities — has failed to attract the farmers to its designated leased mills.
In the six designated zones for Basmati paddy in Punjab, PASSCO has so far procured only 2,325 tons of paddy fr
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Forex reserves still not at comfortable levels |
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By Mansoor Ahmad
LAHORE: A year after the approval of a huge $7.6 billion bailout package by the International Monetary Fund, Pakistan has not been able to increase its foreign exchange reserves to comfortable levels and they are still vulnerable to external shocks like a sharp rise in crude oil prices.
Out o
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Pakistan fighting world’s |
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By Saad Hasan
KARACHI: The international community must come forward with economic assistance to help Pakistan which is fighting a war against militants not only for its internal security but also for ensuring prosperity in the region and the world, a top government official said on Friday.
“I have said it
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Range-bound KSE gains 55 points amid dull trading |
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By our correspondent
KARACHI: The equity market on Friday the last working day of the week remained range bound and closed in positive zone amid low trading volumes due to weekend effect.
The KSE 100 Index managed to gain 55.17 points to close at 9,306.36 points while the KSE 30 index closed at 9,825.9 with a gai
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LSE up 25 points |
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By our correspondent
LAHORE: The Lahore stock market remained positive on Friday and closed with gains of 25 points at 2,888. At midday, it had crossed 2,900 points but came down later in the second session.
The number of active shares was 101, of which 36 rose, 20 fell and 45 remained unchanged. Trading volume i
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Oil falls towards $76 as equities drop |
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LONDON: Oil fell more than $1 a barrel towards $76 on Friday, pressured by a stronger US dollar and as falling equities raised concern about the economy and outlook for energy demand.
US crude for December delivery fell $1.06 cents to $76.40 a barrel by 1420 GMT. The December contract expires
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Pakistan likely to buy Thai, Brazilian sugar |
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SINGAPORE/ISLAMABAD: Pakistan is likely to buy Thai or Brazilian sugar as it struggles to ease a supply shortage, while premiums for raws barely moved despite a correction in the futures market, dealers said on Friday.
Pakistan, traditionally the world’s 9th largest raw sugar consumer, plans
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Swiss companies keen to invest in Pakistan |
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KARACHI: Consul General of Switzerland Martin Benz has said that some large Swiss companies have shown interest in investing in Pakistan, especially in Karachi.
He was speaking at a lunch hosted by the honorary Consul General of Mozambique, Khalid Tawab, here on Friday. A large number of lead
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Pakistan, Indonesia may finalise PTA by year-end |
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By our correspondent
LAHORE: Indonesian Ambassador Ishaq Latuconsina has said preferential trade agreement (PTA) between Pakistan and Indonesia will be finalised by the end of this year aimed at harnessing trade potential of the two countries.
Speaking at the Lahore Chamber of Commerce and Industry on Friday, the
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Minister warns against use of illegal fishing nets |
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By our correspondent
KARACHI: Sindh Fisheries Minister Zahid Hussain Bhurgri warned on Friday the provincial government would take strict action against use of illegal fishing nets after Eid.
He was speaking to media persons at the Fishermen’s Cooperative Society (FCS) Hall after a visit of Competitiveness Suppor
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Govt to set up another 6,000 utility stores |
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ISLAMABAD: Federal Minister for Industries and Production Mian Manzoor Ahmad Watto on Friday said the government would establish 6,000 additional utility stores across the country in a bid to provide people with daily use items on subsidised rates.
Speaking at a press conference, he said abo
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Analysis skills first priority of finance professionals: study |
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By our correspondent
KARACHI: Social and economic trends have dramatically influenced training requirements of the global finance profession, states a report by the Association of Chartered Certified Accountants (ACCA).
For the study, 5,000 ACCA members from all over the world were asked to identify the skills th
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ISSN 1563-9479 
