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Print - 2006-03-09
New bond deals heat up

New bond deals heat up

Debt in Dutch market research giant VNU endured a volatile session on Wednesday, buffeted by rising and falling fears it would fall into private equity hands, while syndicate desks worked frantically on a slew of new bond sales.
Published 09 Mar, 2006 12:00am
New bond deals heat up

New bond deals heat up

Debt in Dutch market research giant VNU endured a volatile session on Wednesday, buffeted by rising and falling fears it would fall into private equity hands, while syndicate desks worked frantically on a slew of new bond sales.
Published 09 Mar, 2006 12:00am
South Korean shares sag

South Korean shares sag

Seoul shares sagged to their lowest close in three weeks on Wednesday, hit by heavy foreign selling of technology firms such as Samsung Electronics amid worries over profits and rising global interest rates.
Published 09 Mar, 2006 12:00am
US Stocks: Wednesday's unofficial close

US Stocks: Wednesday's unofficial close

US stocks slipped on Wednesday as investors worried about rising interest rates hurting corporate profits, while mounting tensions between Iran and the West also kept them on edge.
Published 09 Mar, 2006 12:00am
Malaysian shares down

Malaysian shares down

Malaysian share prices closed 0.18 percent lower on Wednesday with investors sidelined by market uncertainties despite data showing January exports rose 11.7 percent year-on-year, dealers said.
Published 09 Mar, 2006 12:00am
FTSE keeps declining

FTSE keeps declining

Britain's FTSE 100 index closed down for a second straight session on Wednesday as selling continued on interest-rate worries, but firm drug shares cushioned losses.
Published 09 Mar, 2006 12:00am
Shift in China position to buoy US corn exports

Shift in China position to buoy US corn exports

A shift by China away from a corn exporter to a potential importer of the key feed grain led grains analysts to bump up their estimate for US corn exports and cut their forecast for US corn ending stocks for the current marketing year.
Published 09 Mar, 2006 12:00am
Wheat grower swaps farm for AWB hot seat

Wheat grower swaps farm for AWB hot seat

Australian wheat farmer Ian Donges stepped down from the leadership of the country's biggest farm body several years ago, returning to the rolling pastoral country west of Sydney to grow crops.
Published 09 Mar, 2006 12:00am
Oil drops $2 on Opec decision, swelling stocks

Oil drops $2 on Opec decision, swelling stocks

Oil fell $2 Wednesday as Opec agreed to keep pumping near full throttle despite high crude stocks in the United States. Opec President Edmund Daukoru confirmed there will be no change to the group's 28 million barrel-per-day production ceiling as the Orga
Published 09 Mar, 2006 12:00am
Rwanda wants to wean people from tea

Rwanda wants to wean people from tea

Specialty African coffee grower Rwanda plans to open its first coffee shops in hopes of weaning citizens away from their current favourite beverage - tea.
Published 09 Mar, 2006 12:00am
New York cotton closes mixed

New York cotton closes mixed

Cotton futures settled quietly mixed Wednesday as the market caught its breath after getting pounded by commodity fund sales the past few sessions, dealers said. Most players said the release of a pair of reports from the US Department of Agriculture tomo
Published 09 Mar, 2006 12:00am
London sugar lower

London sugar lower

London white sugar futures closed sharply lower on Wednesday, weighed down by weakness in the broad-based CRB commodities index, which hit its low for the year, traders said.
Published 09 Mar, 2006 12:00am
Metals buckle under pressure from fund sales

Metals buckle under pressure from fund sales

Base metals buckled under further selling in London Metal Exchange (LME) trading on Wednesday as bullish sentiment faded and investment funds looked to depart the market, dealers and analysts said.
Published 09 Mar, 2006 12:00am
Precious metals sink in Europe

Precious metals sink in Europe

Precious metals tumbled on Wednesday on heavy selling by fund managers on technical price signals, weak oil prices and a rise in US silver futures margins.
Published 09 Mar, 2006 12:00am
US MIDDAY: coffee steadies

US MIDDAY: coffee steadies

US coffee futures finished steady on Wednesday, finding light support from speculative and trade buying amid firm physical prices together with market worries about flagging crop prospects in top exporter Brazil, traders said.
Published 09 Mar, 2006 12:00am
US MIDDAY: cocoa higher

US MIDDAY: cocoa higher

US benchmark cocoa futures rallied 2.8 percent to a three-week high Wednesday, boosted by speculators short covering and funds buying on positive technical signals on the price charts, market sources said.
Published 09 Mar, 2006 12:00am
US MIDDAY: sugar extends losses

US MIDDAY: sugar extends losses

Raw sugar futures settled easier Wednesday on another round of commodity fund sales and the poor finish may lead to further losses before the end of the week, brokers said.
Published 09 Mar, 2006 12:00am
US MIDDAY: corn lower

US MIDDAY: corn lower

Corn futures at the Chicago Board of Trade were lower early on Wednesday amid plummeting outside markets including gold and on growing concerns about the global spread of bird flu, traders said.
Published 09 Mar, 2006 12:00am
US MIDDAY: wheat firms

US MIDDAY: wheat firms

Wheat futures at the Chicago Board of Trade were mostly higher at midmorning on Wednesday, supported by concerns about dry weather in the US Plains, traders said.
Published 09 Mar, 2006 12:00am
US MIDDAY: copper down

US MIDDAY: copper down

US copper futures opened lower early on Wednesday, pressured by another large rise in London Metal Exchange stocks, as the correction from the bull market highs reached in early February continued, sources said.
Published 09 Mar, 2006 12:00am
US MIDDAY: soyabeans weak

US MIDDAY: soyabeans weak

Soyabean futures at the Chicago Board of Trade were weak early on Wednesday, keeping in a 4-to-5 cent lower range, on follow-through technical selling amid rising US soyabean stocks due to sluggish exports, traders said.
Published 09 Mar, 2006 12:00am
US MIDDAY: gold and silver fall

US MIDDAY: gold and silver fall

US silver futures plummeted 3.1 percent to trade below $10 an ounce early Wednesday and gold likewise fell sharply as investment funds ditched positions in the technically overbought metals.
Published 09 Mar, 2006 12:00am
Supreme Court summons NAB PG on former minister's petition

Supreme Court summons NAB PG on former minister's petition

A two-member bench of the Supreme Court on Wednesday issued notice to National Accountability Bureau (NAB) Prosecutor-General in a petition filed by Taj Muhammad Khanzada, a former provincial minister of NWFP.
Published 09 Mar, 2006 12:00am
AIOU grants relief to students in quake-hit areas

AIOU grants relief to students in quake-hit areas

The Allama Iqbal Open University has announced full fee concession to all the continuing students of AIOU belonging to the earthquake affected areas of NWFP and Azad Kashmir.
Published 09 Mar, 2006 12:00am
Sketches reflect mental confusion of perpetrators: CII

Sketches reflect mental confusion of perpetrators: CII

Chairman Council of Islamic Ideology, Dr Muhammad Khalid Masood said on Wednesday that publication of blasphemous sketches in certain European newspapers reflect the mental confusion on part of perpetrators at a time when the world is moving towards globa
Published 09 Mar, 2006 12:00am
Masses urged not to target foreign telecom companies in protest

Masses urged not to target foreign telecom companies in protest

Pakistan Telecommunication Authority (PTA) Chairman Major General Shahzada Alam Malik (Retd) on Wednesday has appealed to the people not to make target the telecom products, services and the installations of any foreign operator as they had no connection
Published 09 Mar, 2006 12:00am
Final hearing in Prime Minister attack case on March 14

Final hearing in Prime Minister attack case on March 14

The Anti-Terrorism Court (ATC) headed by Judge Safdar Malik has fixed March 14 for final arguments in the case pertaining to suicide attack on the life of the Prime Minister Shaukat Aziz in village Jaffer, Tehsil Fateh Jang, district Attock.
Published 09 Mar, 2006 12:00am
Anti-polio drive continues

Anti-polio drive continues

A three-day national immunisation campaign against polio continued on Wednesday to administer oral anti-polio vaccine to more than 32 million children below five years of age across the country.
Published 09 Mar, 2006 12:00am
'Waziristan's worst situation can be reversed'

'Waziristan's worst situation can be reversed'

Former Chief Secretary Frontier province Khalid Aziz has said that there is still time to reverse the worst situation in Waziristan. "They have to empower the political administration and encourage it to restart the political process," he said.
Published 09 Mar, 2006 12:00am
Dual policy

Dual policy

West is projecting too much the freedom of speech. In Germany if someone prints large quantities of Hitler's picture he will go to jail for three years. Paolo DI Canio, a famous football player, gave his fans fascist salute, which resulted in a fine of 10
Published 09 Mar, 2006 12:00am
The insulting images

The insulting images

In the newspapers of Denmark and other countries, very deceptive and insulting material was published. It has exploited the emotions of the Muslims all over the world.
Published 09 Mar, 2006 12:00am
Promotions in PIA

Promotions in PIA

The Punjab provincial government decided on 2nd May to curb out of turn promotions in various provincial government departments and instead give meritorious performance awards to those performing finely.
Published 09 Mar, 2006 12:00am
Singaporeans, heading for poll, say they want choices

Singaporeans, heading for poll, say they want choices

It's Friday night and Singaporean member of parliament Indranee Rajah is out meeting her constituents. A jobless man seeks government help, a taxi driver complains about a traffic fine.
Published 09 Mar, 2006 12:00am
Protecting the interests of depositors

Protecting the interests of depositors

The newly-appointed SBP Governor, Dr Shamshad Akhtar, while presiding over a mid-term review meeting of the National Credit Consultative Council (NCCC) on 23rd January expressed concern over ballooning banking spread and emphasised the need for passing on
Published 09 Mar, 2006 12:00am
Viewing India differently

Viewing India differently

Talking to senior media persons in Islamabad following US President Bush's visit, President General Pervez Musharraf made some important assertions with regard to Pakistanis' self-perception, which almost always includes comparisons with India.
Published 09 Mar, 2006 12:00am
KSE: Looking for excuses to adjust to reality

KSE: Looking for excuses to adjust to reality

According to common perception, the stock market fell by 4.41 percent on Wednesday, ostensibly in reaction to a news in this newspaper that the Central Board of Revenue intends to test-run its software programme "nexus" based on data regarding investment
Published 09 Mar, 2006 12:00am
AKU organises cleanliness day

AKU organises cleanliness day

In continuation of its commitment towards community development, Aga Khan University's (AKU) Department of Community Health Sciences (CHS) organised a 'Cleanliness Day' in Sultanabad, a squatter settlement of Karachi said a press release issued here on We
Published 09 Mar, 2006 12:00am
ITIF Asia-2006 opens today

ITIF Asia-2006 opens today

The ITIF Asia-2006 Exhibition and Conference will be opened from Thursday at Karachi Expo Centre and will continue till Sunday (March 11). The event has attracted national and international participation at a level higher than previous years.
Published 09 Mar, 2006 12:00am
Karachi Nazim invited to visit Houston

Karachi Nazim invited to visit Houston

City District Government Karachi Nazim Syed Mustafa Kamal has been invited for a visit to the US State Houston. The invitation was extended on behalf of Houston Mayor Bill White by the US Honorary Counsellor for Pakistan and International Spectrum Develop
Published 09 Mar, 2006 12:00am
Labard committed to rehabilitation of disables

Labard committed to rehabilitation of disables

Lahore Businessmen Association for Rehabilitation of Disabled (Labard) would continue its wholehearted efforts for the rehabilitation of disabled persons.
Published 09 Mar, 2006 12:00am
Thunderstorm, rain expected

Thunderstorm, rain expected

Thunderstorm and rain is expected in the city and its adjacent areas over next 24 hours due to Westerly low-lying over south-east Iran and West Balochistan.
Published 09 Mar, 2006 12:00am
'Banking sector to keep registering strong growth'

'Banking sector to keep registering strong growth'

MCB Bank President Aftab Manzoor said that a combination of factors, like improvement in loan-to-deposit ratio from average 50 percent to upper 70 percent, controlled cost of fund due to deposit mix, reduction in administrative expenses, and introduction
Published 09 Mar, 2006 12:00am
Call to educate people about fake drugs

Call to educate people about fake drugs

Speakers at a seminar on "The Menace of Fake/Counterfeit Drugs in Pakistan" urged to educate consumers so that public should know basic ways of identifying counterfeit medicines. The seminar was organised by the Pakistan Medical Association (PMA) in colla
Published 09 Mar, 2006 12:00am
110 vehicles recovered; 15 held

110 vehicles recovered; 15 held

Anti Vehicle-Lifting Staff (AVLS) has smashed an inter-provincial gang of carjackers and arrested its 15 members and recovered 110 vehicles worth Rs 70 million from their possession.
Published 09 Mar, 2006 12:00am
Workshop on teachers skills under way

Workshop on teachers skills under way

Problem-based learning places the responsibility for learning in the hands of the students, and encourages examination of the processes of clinical reasoning and self-directed study.
Published 09 Mar, 2006 12:00am
ADB team briefed on Sindh projects

ADB team briefed on Sindh projects

The board of directors of Asian Development Bank (ADB) has appreciated the performance of Nazim Karachi and praised his vision for reconstruction, progress and future of Karachi.
Published 09 Mar, 2006 12:00am
Gold medal for Nasim Ashraf

Gold medal for Nasim Ashraf

The Pakistan Academy of Medical Sciences, at its 14th Annual Convocation held in Rawalpindi on February 25th awarded Gold Medal Award for "Leadership in Public Health" to Dr Nasim Ashraf Chairman National Commission for Human Development (NCHD).
Published 09 Mar, 2006 12:00am
Punjab told to enable Qazi to cast vote in Senate polls

Punjab told to enable Qazi to cast vote in Senate polls

Election Commission of Pakistan (EC) Secretary Kanwar Muhammad Dilshad has said that on the application filed by B A Malik, a contesting candidate for general seat in the Senate from the federal capital.
Published 09 Mar, 2006 12:00am
Jamaat-i-Islami condemns dual standard of West

Jamaat-i-Islami condemns dual standard of West

NWFP Jamaat-i-Islami (JI) Amir and Provincial Senior Minister Sirajul Haq has regretted that the entire world cried on the destruction of idols in Baamyaan province of Afghanistan by Taleban regime, terming it against religious and cultural values due to
Published 09 Mar, 2006 12:00am
Saarc nations urged to reap real benefits of globalisation

Saarc nations urged to reap real benefits of globalisation

The government on Wednesday called upon the heads of states of Saarc countries to resolve all political disputes and augment regional co-operation, if they want to reap the real benefits of the globalisation for their economic development.
Published 09 Mar, 2006 12:00am
All set to launch 'Action plan from Relief to Recovery'

All set to launch 'Action plan from Relief to Recovery'

The United Nations said on Wednesday that plan is ready with the Special Envoy for the South Asian Earthquake Disaster, George Herbert W. Bush for launching of the "Action Plan from Relief to Recovery" soon.
Published 09 Mar, 2006 12:00am
INTERNATIONAL TENDERS

INTERNATIONAL TENDERS

Export Promotion Bureau has received the following International Tenders from abroad. Interested Pakistani parties dealing in the under mentioned items can obtain further details of Tenders from the addresses given or from EPB Head Quarters and its Region
Published 09 Mar, 2006 12:00am
FOREIGN TRADE INQUIRIES

FOREIGN TRADE INQUIRIES

Export Promotion Bureau has received the following Trade Enquiries from abroad. Interested Pakistani parties dealing in the under mentioned items can obtain further details from the addresses given or from EPB Head Quarters and its Regional/Sub-Regional O
Published 09 Mar, 2006 12:00am
Livestock policy focuses on latest technologies: Bosan

Livestock policy focuses on latest technologies: Bosan

Federal Minister for Food and Agriculture Alhaj Sikandar Hayat Bosan has said that the new livestock policy envisaged the production targets at 3,425 thousand tonnes for meat and 47.465 million tonnes for milk with the growth rate of 10 and 8.5 percent, r
Published 09 Mar, 2006 12:00am
Women not allowed to take out rally in Multan

Women not allowed to take out rally in Multan

Police and administration did not let the women take out procession from Allama Iqbal Park (Nawan Shehr) here on Wednesday on the occasion of the International Women's Day and imposed section 144 CrPC under which assembly of five or more persons, taking o
Published 09 Mar, 2006 12:00am
Mukhtaran Mai leads rally at Women's Day

Mukhtaran Mai leads rally at Women's Day

Around 3,000 people on Wednesday attended a rally led by a Pakistani woman whose gang rape on the orders of a tribal council triggered an international outcry, witnesses said.
Published 09 Mar, 2006 12:00am
Steps urged to save fabrics, bedlinen exports from collapse

Steps urged to save fabrics, bedlinen exports from collapse

Fabrics and bedware exports, stumbling over the past seven months, are going the way of knitwear sector disaster, if immediate damage control is not set in motion, warned Arif Tauseef, Chairman, Pakistan Textile Exporters Association (PTEA), in a statemen
Published 09 Mar, 2006 12:00am
'Argentine embassy to issue visa to genuine businessmen'

'Argentine embassy to issue visa to genuine businessmen'

The ambassador of Argentine Republic to Pakistan Rodolfo J Saravia has said that strenuous efforts are being made for further increasing the trade, commerce connections and interaction with Pakistan.
Published 09 Mar, 2006 12:00am
The Weather

The Weather

The weather report on Tuesday (March 08) and the forecast for Wednesday (March 09, 2005).
Published 09 Mar, 2006 12:00am
NCEAC director to deliver lecture at Dhaka University

NCEAC director to deliver lecture at Dhaka University

The University of Sindh National Centre of Excellence in Analytical Chemistry Director Professor Dr Muhammad Iqbal Bhanger will be visiting Bangladesh on the invitation of Dhaka University.
Published 09 Mar, 2006 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (March 08, 2006).

Published 09 Mar, 2006 12:00am
'Women's economic empowerment imperative for progress'

'Women's economic empowerment imperative for progress'

Sindh Minister for Labour, Transport, Industries said at a seminar on Wednesday that Pakistan wanted to attract more investment to enhance job opportunities. To achieve the purpose, he said, the country was providing several facilities for foreign investm
Published 09 Mar, 2006 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (March 08, 2006).

Published 09 Mar, 2006 12:00am
New York cotton

New York cotton

Tuesday's closing prices of New York cotton in US cents/lb.

Published 09 Mar, 2006 12:00am
Private hospitals to be brought under code of ethics in Sindh

Private hospitals to be brought under code of ethics in Sindh

Sindh Health Minister Shabbir Ahmed Qaimkhani said on Wednesday that private hospitals would be brought under code of ethics and their fee would be checked after approval of Private Hospital Registration and Control Ordinance.
Published 09 Mar, 2006 12:00am
New York cotton

New York cotton

Tuesday's closing prices of New York cotton in US cents/lb.

Published 09 Mar, 2006 12:00am
Workshop on Compliance Management ends

Workshop on Compliance Management ends

Business Solutions, a training organisation for executives, in association with PAF-KIET organised a two-day workshop on "Compliance Management" at Learning Resource Centre, State Bank of Pakistan. Twenty-four financial executives from leading banks parti
Published 09 Mar, 2006 12:00am
Kidney camp at Karachi Press Club

Kidney camp at Karachi Press Club

The First World Kidney Day is being observed on Thursday (March 9) under the joint auspices of the International Society of Nephrology and International Federation of Kidney Foundations. To mark the occasion, the Karachi Press Club (KPC) will hold a Kidne
Published 09 Mar, 2006 12:00am
NWFP signs five MoUs with donors in health sector

NWFP signs five MoUs with donors in health sector

The Department of Health NWFP has signed five different MoUs (memorandum of understanding) with various donor organisations for establishment of health care facilities in the quake-hit areas of the province to ensure efficient delivery of health services
Published 09 Mar, 2006 12:00am
NGOs providing health facilities to be encouraged

NGOs providing health facilities to be encouraged

Zila Nazim Hyderabad Kanwar Naveed Jamil has said the district government Hyderabad would encourage any organisation or NGO providing health facilities to the ailing people.
Published 09 Mar, 2006 12:00am
Saarc congress of cardiology from March 31

Saarc congress of cardiology from March 31

The Saarc congress of cardiology-2006 will jointly be organised by Pakistan Cardiac Society and Saarc Cardiac Society from March 31 to April 2 at Liaquat National Hospital here.
Published 09 Mar, 2006 12:00am
Wena arranging Pakistani entrepreneurs visit to Malaysia

Wena arranging Pakistani entrepreneurs visit to Malaysia

Leader of Malaysian business delegation and President of Association of Bumiputra Women Entrepreneur Network of Malaysia (Wena), Farida Omar Shah said on Wednesday that the association was arranging a trade visit for Pakistani businessmen and women to Mal
Published 09 Mar, 2006 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Wednesday (March 08, 2006).

Published 09 Mar, 2006 12:00am
Dr Noorwala made FPCCI body chief

Dr Noorwala made FPCCI body chief

Federation of Pakistan Chambers of Commerce and Industry (FPCCI) President Chaudhry Muhammad Saeed has appointed Managing Committee Member Dr Mushtaq Noorwala as chairman of the FPCCI standing committee on pharmaceuticals.
Published 09 Mar, 2006 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Wednesday (March 08, 2006) and for Thursday (March 09, 2006).
Published 09 Mar, 2006 12:00am
Call for strategic planning to develop knowledge-based economy

Call for strategic planning to develop knowledge-based economy

Speakers at '10th Management Convention, organised by Management Association of Pakistan (MAP) emphasised the need for better strategic planning by political and corporate leadership for the effective growth of knowledge-based economy and proliferation of
Published 09 Mar, 2006 12:00am
NJLI Managed Fund prices

NJLI Managed Fund prices

New Jubilee Life Insurance Company has announced the offer and bid price per unit for the following funds effective from Thursday, March 09, 2006.

Published 09 Mar, 2006 12:00am
Hyderabad DCO for bridging gap between rural, urban women

Hyderabad DCO for bridging gap between rural, urban women

The Hyderabad DCO Muhammad Sharif Awan has stressed upon the organisations, working for the betterment of women, to bridge the gap in between urban and rural women to bring them into mainstream for making equal participants in the society.
Published 09 Mar, 2006 12:00am
NJLI Managed Fund prices

NJLI Managed Fund prices

New Jubilee Life Insurance Company has announced the offer and bid price per unit for the following funds effective from Thursday, March 09, 2006.

Published 09 Mar, 2006 12:00am
Speakers call for giving economic empowerment to women

Speakers call for giving economic empowerment to women

Speakers at different rallies, seminars and other functions have called for giving economic empowerment to women so that they could come out from clutches of discrimination and injustice and nobody dare to resort to violence against them.
Published 09 Mar, 2006 12:00am
NJLI Managed Fund prices

NJLI Managed Fund prices

New Jubilee Life Insurance Company has announced the offer and bid price per unit for the following funds effective from Thursday, March 09, 2006.

Published 09 Mar, 2006 12:00am
Petition against Qazi's detention dismissed

Petition against Qazi's detention dismissed

The Lahore High Court (LHC) while dismissing a petition filed by the Jamaat-i-Islami Ameer Qazi Hussain Ahmed against his detention has directed him to approach the relevant authority for redressal of his grievance.
Published 09 Mar, 2006 12:00am
Non ferrous metals, ferrous alloy rates

Non ferrous metals, ferrous alloy rates

Non ferrous metals, ferrous alloy rates in rupees prevailing on the commodity markets in Karachi on Wednesday (March 08, 2006).

Published 09 Mar, 2006 12:00am
CBR's ADR system is cost effective: Wasi

CBR's ADR system is cost effective: Wasi

Federal Minister for Law, Justice and Human Rights Wasi Zafar has said that the alternate dispute resolution (ADR) system enforced by CBR in tax departments is cost effective and time saving dispute settlement system, and the government is going to introd
Published 09 Mar, 2006 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (March 08, 2006).

Published 09 Mar, 2006 12:00am
'No visible progress seen on women empowerment'

'No visible progress seen on women empowerment'

The National Assembly Standing Committee on Women Development has criticised the government's policies pertaining to the women empowerment, saying no visible progress had been witnessed on fundamental rights to the large segment of the society despite spe
Published 09 Mar, 2006 12:00am
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