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Institutional buying lifts stocks up

By SALMAN ABDUHOO

LAHORE - The equity market on Tuesday closed around 4 per cent up on the back of institutional buying ahead of Finance Minister’s visit to Karachi Stock Exchange where he will likely to offer some encouraging steps to boost stocks during his address later in the day, dealers said. The Karachi Stock Exchange benchmark 100-index closed 3.96 per cent, or 410.51 points, higher at 10,784.81 on turnover of 98.7 million shares. Naveed Qamar, the privatisation minister who has

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Govt to launch stocks stabilisation fund

By IRFAN MALIK
KARACHI - The govt hopes to launch an equity market stabilisation fund worth Rs 20 billion, finance minister Naveed Qamar said, in the wake of 30 per cent fall on the KSE benchmark index since April. Speaking at the Karachi Stock Exchange…
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Trade deficit widens to $20.746 billion

By RAMZAN CHANDIO
KARACHI - Pakistan’s total trade deficit widened to $20.746 billion in the last fiscal 2007-08 from $13.563 billion in fiscal 2006-07. The official data released by the Trade Development Authority Pakistan showed that the country’s…
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Lack of IT skills a challenge

LAHORE - Lack of proper communication system and non-utilization of modern skills and equipment in the field of Information Technology is the biggest challenge being faced by the Muslim World. “Dependency on foreign communication…
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