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Print - 2006-11-30
China in ante-room of Middle Eastern influence

China in ante-room of Middle Eastern influence

China's global economic march is everywhere accompanied by predictions that rising diplomatic ambition will surely follow its cargo ships and plane loads of dark-suited businessmen - nowhere more so than in the Middle East.
Published 30 Nov, 2006 12:00am
Ensuring uniform school education system

Ensuring uniform school education system

Addressing the prize distribution ceremony for position holders of 2006, at the Federal Board of Intermediate and Secondary Education in Islamabad the other day, Minister for Education, Javed Ashraf Qazi, gave the happy tidings of adoption of a uniform sy
Published 30 Nov, 2006 12:00am
The bitter truth

The bitter truth

Most of the government officials are not very forthright or try to hide some unpleasant facts about their organisation when facing the Public Accounts Committee (PAC) of the Parliament of Pakistan.
Published 30 Nov, 2006 12:00am
'Community police system helped in curbing crimes'

'Community police system helped in curbing crimes'

Advisor to Sindh Chief Minister on Home Affairs, Waseem Akhtar has said that community police system has produced good results in curbing crimes and the system will be further strengthened with encouragement to community and all those associated with the
Published 30 Nov, 2006 12:00am
Seminar on violence against women held

Seminar on violence against women held

A seminar to mark the International Day on Elimination of Violence against Women with the theme "Violence! Do we really care?" was organised by the Aga Khan Social Welfare Board for Pakistan at a local hotel.
Published 30 Nov, 2006 12:00am
DHL wants to join Supply Chain Management Forum

DHL wants to join Supply Chain Management Forum

The DHL has showed its keen interest to become gold sponsor partner in a Supply Chain Management Forum held at a local hotel. The forum was arranged by Marcus Evans, a leading B2B business solutions and services provider.
Published 30 Nov, 2006 12:00am
Mustafa visits Hinopak to inspect CNG buses

Mustafa visits Hinopak to inspect CNG buses

City Nazim Syed Mustafa Kamal visited Hinopak Motors Limited, the largest manufacturer of trucks and buses in the country. The aim of the visit was to discuss the induction of locally made CNG buses in Karachi to tackle the chronic traffic problem.
Published 30 Nov, 2006 12:00am
Labard mela concludes

Labard mela concludes

A fair with the aim at creating awareness and understanding about disability issues and to mobilise support for action at all levels concluded here at Race Course Park with pledges and promises from philanthropists to foot in more funds and efforts for th
Published 30 Nov, 2006 12:00am
Workshop held on jewellery making

Workshop held on jewellery making

USAID Director for Economic Growth Amy Meyer attended a jewellery workshop held at the premises of a leading jeweller, here on Wednesday. She was accompanied by Susan Fine, USAID director office of strategic planning & operations, bureau for Asia and the
Published 30 Nov, 2006 12:00am
Portable PCs market grows by 64.1 percent

Portable PCs market grows by 64.1 percent

The portable PCs segment dominates the overall PC/Server market, as the Pakistan PC shipments grew 20.9 percent in Q2 2006 (April-June) to 173,834 units as compared to the same quarter of preceding year.
Published 30 Nov, 2006 12:00am
LSE polls date extended

LSE polls date extended

The Board of Directors of the Lahore Stock Exchange (LSE) has extended the date of annual elections of the exchange from December 9 to December 16, 2006. Following change in the schedule of the elections, the last date for withdrawal of nomination papers
Published 30 Nov, 2006 12:00am
Lesco introducing latest technology

Lesco introducing latest technology

Lahore Electric Supply Company (Lesco) is introducing latest technology through implementation of Enterprise Resource Planning System (ERPS), which will be installed by Jaffer Brothers.
Published 30 Nov, 2006 12:00am
BSF established for the promotion of SMEs

BSF established for the promotion of SMEs

In collaboration with Asian Development Bank, the Ministry of Finance has established Business Support Fund for the promotion of Small & Medium Enterprises (SMEs) in Pakistan; it would facilitate both individual enterprises and a group of enterprises.
Published 30 Nov, 2006 12:00am
Ibad inaugurates Nadra kiosk

Ibad inaugurates Nadra kiosk

Latest technology should be adopted to provide relief to the public in their daily routine; Nadra Kiosks will facilitate the Karachiites to pay their utility bills in hassle free manner.
Published 30 Nov, 2006 12:00am
Immediate cut in oil prices ruled out

Immediate cut in oil prices ruled out

Advisor to Prime Minister on Finance Dr Salman Shah has ruled out any possibility of immediate cut in oil prices despite 18 dollar per barrel reduction in the international market which hovered near record levels above 70 dollar per barrel in June this ye
Published 30 Nov, 2006 12:00am
Aurakzai and Crocker discuss Fata situation

Aurakzai and Crocker discuss Fata situation

The US Ambassador to Pakistan, Ryan C. Crocker, called on NWFP Governor Lieutenant General Ali Muhammad Jan Aurakzai (Retd) at Governor's House here on Wednesday. The envoy who was also accompanied by Ms Lynne Tracy, principal officer, US Consulate at Pes
Published 30 Nov, 2006 12:00am
UK pledges £5 million aid for PRSC programme

UK pledges £5 million aid for PRSC programme

The United Kingdom (UK) would provide a technical assistance of £ 5 million (Rs 585 million) to support the implementation of Pakistan's Poverty Reduction Support Credit (PRSC) programme.
Published 30 Nov, 2006 12:00am
Provision of other fuel consuming industries stressed

Provision of other fuel consuming industries stressed

Speakers at a workshop on Wednesday urged the policy makers not only to disseminate success stories of the renewable sources of energy but also provide services for other gigantic fuel consuming industries.
Published 30 Nov, 2006 12:00am
Re-employed officers to get 15 percent dearness allowance

Re-employed officers to get 15 percent dearness allowance

The retired civil service officers who have been re-employed as Section Officers on contract in different ministries and divisions would also get 15 percent Dearness Allowance (DA). Business Recorder learnt on Wednesday that these contract employee
Published 30 Nov, 2006 12:00am
MMA likely to review resignation decision

MMA likely to review resignation decision

The Muttahida Majlis-e-Amal (MMA) is most likely to review its decision of tendering en bloc resignations from the National Assembly following its top brass failure to evolve consensus.
Published 30 Nov, 2006 12:00am
Pemra sees Rs six billion electronic media investment this year

Pemra sees Rs six billion electronic media investment this year

The Pakistan Electronic Media Regulation Authority (Pemra) eyes over Rs 6 billion investment in 2006-07 from the phenomenal growth of electronic media. The Pemra report, that covers a period from 2003 to 2006, says that the expected earning, excluding gov
Published 30 Nov, 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 30 Nov, 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 30 Nov, 2006 12:00am
$15 million treatment plant approved

$15 million treatment plant approved

The United Nations (UN) has approved the first ever clean development mechanism (CDM) project for Pakistan to keep the atmosphere pollution-free. The CDM is being installed at Pak-Arab Fertilisers (Pvt) Multan (PFL) plant site with mutual collaboration of
Published 30 Nov, 2006 12:00am
Multan district government plans to promote girls education

Multan district government plans to promote girls education

City Nazim Sheikh Faisal Mukhtar has said that the district government will set up colleges and higher secondary schools in far-flung areas of the district. Addressing a public gathering here, he said the motive behind setting up these educational institu
Published 30 Nov, 2006 12:00am
Code of conduct for stage dramas issued

Code of conduct for stage dramas issued

The District Administration Islamabad has issued code of conduct for stage dramas and theatrical performances to be held in the limits of the capital territory. Under the code of conduct, the script of the dramas shall have to be submitted to the district
Published 30 Nov, 2006 12:00am
Pakistani troops awarded UN medals in Congo

Pakistani troops awarded UN medals in Congo

In recognition of meritorious services rendered towards restoration of peace and humanitarian assistance, Pakistan army troops serving under UN Flag in Congo were awarded UN medals in a colourful ceremony held at Kavumu Airport in South Kivu Province of D
Published 30 Nov, 2006 12:00am
Mobile operators told to improve service

Mobile operators told to improve service

Chairman Pakistan Telecommunication Authority (PTA) Major General Shahzada Alam Malik Wednesday said that mobile phone operators have been directed to improve their services, adding, those who failed to do so will face action as per law.
Published 30 Nov, 2006 12:00am
Rs 3.943 billion sanctioned for Dera Ghazi Khan rural uplift

Rs 3.943 billion sanctioned for Dera Ghazi Khan rural uplift

The Central Development Working Party (CDWP) has sanctioned Rs 3.943 billion for Dera Ghazi Khan Rural Development Project Phase-II. The CDWP has also approved 30 projects costing Rs 59.2 billion, including foreign assistance of Rs 22.5 billion, officiall
Published 30 Nov, 2006 12:00am
Punjab initiates health plan

Punjab initiates health plan

The Punjab government has initiated an action plan "Health for All" to provide better health facilities to masses living in rural and urban areas of the province. Under the plan special attention would be focused on the improvement of government hospitals
Published 30 Nov, 2006 12:00am
Private companies tax payment share highest in 2005-06

Private companies tax payment share highest in 2005-06

The private, public and banking companies contributed Rs 81.9 billion, Rs 62.9 billion and Rs 26.3 billion gross income tax, respectively, during 2005-06. According to CBR Year Book 2005-06, the share of the private companies was the highest, followed by
Published 30 Nov, 2006 12:00am
SCB and EFU ink deal

SCB and EFU ink deal

Standard Chartered Bank (SCB) has entered into an agreement with EFU General Insurance Limited to sell Cash Cover Plus insurance to Standard Chartered Visa Debit Card customers. Cash Cover is an ATM withdrawal insurance, which also covers accidental death
Published 30 Nov, 2006 12:00am
NWFP to celebrate 2007 as tourism year

NWFP to celebrate 2007 as tourism year

The NWFP government will celebrate the year 2007 as the year of tourism with a theme "Visit Pakistan" with active participation and enthusiasm in line with the decision of the federal government.
Published 30 Nov, 2006 12:00am
Marketing strategy to boost tourism potential

Marketing strategy to boost tourism potential

Minister for Tourism Nilofar Bakhtiar said on Wednesday the government has approved a marketing strategy which pinpoints the targeted countries and tourism product which Pakistan has to sell to the world.
Published 30 Nov, 2006 12:00am
SCCI briefed on new currency notes

SCCI briefed on new currency notes

State Bank of Pakistan (SBP) in collaboration with Sarhad Chamber of Commerce & Industry (SCCI) on Wednesday introduced the new currency notes of denomination rupees 10, 20, 100, 500 and 5,000 respectively before the business community of the city.
Published 30 Nov, 2006 12:00am
EPB officer to supervise Chaman Chamber polls

EPB officer to supervise Chaman Chamber polls

The Director Trade Organisation (DTO) in the light of the decision of the arbitration tribunal of Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has nominated an officer of Export Promotion Bureau (EPB, Quetta to supervise fresh election
Published 30 Nov, 2006 12:00am
Sailkot Chamber hails signing of FTA with China

Sailkot Chamber hails signing of FTA with China

The local exporters and traders have hailed the free trade agreement (FTA) between Pakistan and China and termed it a historic event in the history of the country.
Published 30 Nov, 2006 12:00am
Trade with Brazil: FPCCI seeks identification of core areas

Trade with Brazil: FPCCI seeks identification of core areas

President FPCCI Chaudhry Muhammad Saeed has asked Pakistan's Ambassador-designate to Brazil Muhammad Haroon Shaukat to identify core areas of trade and industrial collaboration between the two countries.
Published 30 Nov, 2006 12:00am
Pakistan and US hold strategic dialogue on education

Pakistan and US hold strategic dialogue on education

Pakistan and the United States on Wednesday discussed enhancing bilateral co-operation in the education sector with top education officials from both sides expressing a firm desire to improve linkages.
Published 30 Nov, 2006 12:00am
Massive uplift plan in progress: Aurakzai

Massive uplift plan in progress: Aurakzai

Lieutenant General Ali Muhammad Jan Aurakzai NWFP Governor has said that a massive development process for socio-economic uplift of the people of Fata is in progress with special focus on promotion of education, health and infrastructure development facil
Published 30 Nov, 2006 12:00am
'Emerging technologies key to sustainable uplift'

'Emerging technologies key to sustainable uplift'

Dr Ishfaq Ahmad, special adviser to the Prime Minister, has stressed that the advent of major emerging technologies especially nanotechnology, biotechnology and information and communications technology, provide principal tools for bringing about sustaina
Published 30 Nov, 2006 12:00am
The Weather

The Weather

The weather report on Wednesday (November 29, 2006) and the forecast for Thursday (November 30, 2006).
Published 30 Nov, 2006 12:00am
Tele-centers to be set up in rural areas

Tele-centers to be set up in rural areas

With the laying of optic fibre, telecom sector will grow resulting in reducing call rates besides improving connectivity, said Major General (Retd) Shahzada Alam Malik, Chairman, Pakistan Telecommunication Authority (PTA) on Wednesday.
Published 30 Nov, 2006 12:00am
Key stock and currency market movements

Key stock and currency market movements

The latest close of key indices on major world stock exchanges and the London closing values of the euro, the Japanese yen, the British pound and gold bullion (previous day's closes in brackets).

Published 30 Nov, 2006 12:00am
TCP clarification

TCP clarification

A Trading Corporation of Pakistan (TCP) spokesman has clarified that Chairman Asif Ansari was quoted out of context in a new items saying sugar industry was using surplus stocks' claims as a stunt to keep TCP out of the market.
Published 30 Nov, 2006 12:00am
Vision-2030 envisages prosperous Pakistan: Prime Minister

Vision-2030 envisages prosperous Pakistan: Prime Minister

Prime Minister Shaukat Aziz has said that in its Vision-2030, the government envisages a developed, industrialised, just and prosperous Pakistan through rapid and sustainable development to meet the needs of an increasing population by deploying knowledge
Published 30 Nov, 2006 12:00am
Shaukat to chair Ecnec meeting today

Shaukat to chair Ecnec meeting today

An all-important meeting of the Executive Committee of the National Economic Council (Ecnec) will formally be presided over by Prime Minister Shaukat Aziz here on Thursday. Sources revealed that host of issues, including endorsement of 30 projects approve
Published 30 Nov, 2006 12:00am
PML-N rejects polls under Musharraf

PML-N rejects polls under Musharraf

Reacting to the statement of PPP leader Makhdoom Amin Fahim that the elections could be acceptable under President General Pervaiz Musharraf, Pakistan Muslim League (N) on Wednesday reiterated that the polls could not be fair, free and transparent under a
Published 30 Nov, 2006 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Wednesday (November 29, 2006).

Published 30 Nov, 2006 12:00am
Election Commission opposes gallop polls

Election Commission opposes gallop polls

The Election Commission on Wednesday opposed gallop polls or polling opinion, saying this could affect public opinion vis-à-vis the electoral process. It was perhaps for the first time that the commission aired its voice against such means of gauging poli
Published 30 Nov, 2006 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Wednesday (November 29, 2006) and for Thursday (November 30, 2006).
Published 30 Nov, 2006 12:00am
LHC orders British girl to return to mother

LHC orders British girl to return to mother

The Lahore High Court on Wednesday ordered a British girl at the centre of a custody dispute to be returned to her mother in Scotland. Justice Saqib Nisar of the High Court in Lahore said Molly Campbell's father, Sajad Ahmed Rana, must hand her over in a
Published 30 Nov, 2006 12:00am
Palm oil import duty likely to be cut

Palm oil import duty likely to be cut

Pakistan is likely to reduce the import duty on palm oil in December as domestic prices have started surging, industry officials told Reuters on Wednesday.
Published 30 Nov, 2006 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (November 29, 2006).

Published 30 Nov, 2006 12:00am
World Bank for extending CPI data collection

World Bank for extending CPI data collection

Though the World Bank has validated Pakistan's 10 percentage points poverty reduction and has termed it a sharp drop on Wednesday it stressed upon the government to extend the Consumer Price Index (CPI) data collection network (used for poverty measuremen
Published 30 Nov, 2006 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (November 29, 2006).

Published 30 Nov, 2006 12:00am
SCRAs scale down to $279.6 million

SCRAs scale down to $279.6 million

The Special Convertible Rupee Accounts (SCRAs), which scored a small increase of $3.5 million between November 20 and 23, 2006, were down to $279.6 million on November 27, a decline of about $7 million during the intervening four days.
Published 30 Nov, 2006 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (November 29, 2006).

Published 30 Nov, 2006 12:00am
Counterfeiting, piracy damaging economy: moot told

Counterfeiting, piracy damaging economy: moot told

Despite constituting a regulatory body mandated to improve and implement Intellectual Property (IP) Laws, the menace of counterfeiting and piracy continues to ruin the local economy, inflicting heavy loss of over Rs 10 billion annually to the national kit
Published 30 Nov, 2006 12:00am
PPPP ready to contest polls under Musharraf: Amin

PPPP ready to contest polls under Musharraf: Amin

Chairman Alliance for the Restoration of Democracy (ARD), Makhdoom Amin Fahim has expressed willingness of his party to participate in the election under an independent election commission and interim government even in the presence of President Musharraf
Published 30 Nov, 2006 12:00am
Fisheries financing: SBP invites comments on draft 'guidelines'

Fisheries financing: SBP invites comments on draft 'guidelines'

The State Bank of Pakistan has formulated draft 'Guidelines for fisheries financing' and posted the same at its web site www.sbp.org.pk, seeking feedback and comments from the stakeholders, sector experts and all concerned.
Published 30 Nov, 2006 12:00am
THE RUPEE: overall fall in currency market

THE RUPEE: overall fall in currency market

Importers' rush for dollars, forced the rupee to drop four paisa further in relation to the dollar in the interbank market for buying and selling at 60.84 and 60.86, dealers said on Wednesday.
Published 30 Nov, 2006 12:00am
'Sales tax base broadens by 15 percent in fiscal year 2006'

'Sales tax base broadens by 15 percent in fiscal year 2006'

The number of sales tax registered persons stood at 116,686 in 2005-06, showing a growth of 15 percent against 2003-04. The CBR Year Book 2005-06 revealed that the number of registered persons have increased from 101,851 in 2003-04 to 115,702 in 2004-05.
Published 30 Nov, 2006 12:00am
THE RUPEE: overall fall in currency market

THE RUPEE: overall fall in currency market

Importers' rush for dollars, forced the rupee to drop four paisa further in relation to the dollar in the interbank market for buying and selling at 60.84 and 60.86, dealers said on Wednesday.
Published 30 Nov, 2006 12:00am
Taunsa Barrage closure may affect wheat crop

Taunsa Barrage closure may affect wheat crop

Rabi crops, particularly wheat would be hit badly in Dera Ghazi Khan, Rajanpur and Muzaffargarh districts due to non-availability of irrigation water from December 11, 2006 to February 10, 2007.
Published 30 Nov, 2006 12:00am
''Pakistan weighs duty-free wheat exports''

''Pakistan weighs duty-free wheat exports''

Pakistan agriculture officials want to end a ban on the duty-free export of wheat and are trying to allay fears in the finance ministry that the move would push up domestic prices, officials said on Wednesday.
Published 30 Nov, 2006 12:00am
'Pakistan weighs duty-free wheat exports'

'Pakistan weighs duty-free wheat exports'

Pakistan agriculture officials want to end a ban on the duty-free export of wheat and are trying to allay fears in the finance ministry that the move would push up domestic prices, officials said on Wednesday.
Published 30 Nov, 2006 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Wednesday (November 29, 2006).

Published 30 Nov, 2006 12:00am
'Pakistan weighs duty-free wheat exports'

'Pakistan weighs duty-free wheat exports'

Pakistan agriculture officials want to end a ban on the duty-free export of wheat and are trying to allay fears in the finance ministry that the move would push up domestic prices, officials said on Wednesday.
Published 30 Nov, 2006 12:00am
Eight killed in Iraq

Eight killed in Iraq

US forces killed eight insurgents and two women in an early morning raid on an insurgent hideout north of Baghdad, said the US military. The raid near Baquba, north of Baghdad, was based on intelligence when US forces arrived, a fierce gunbattle ensued.
Published 30 Nov, 2006 12:00am
Eight killed in Iraq

Eight killed in Iraq

US forces killed eight insurgents and two women in an early morning raid on an insurgent hideout north of Baghdad, said the US military. The raid near Baquba, north of Baghdad, was based on intelligence when US forces arrived, a fierce gunbattle ensued.
Published 30 Nov, 2006 12:00am
NTN data cleansing exercise completed

NTN data cleansing exercise completed

The Central Board of Revenue (CBR) has completed the largest data cleansing of National Tax Numbers (NTN) for allocation in future of single taxpayer identification number to the business community.
Published 30 Nov, 2006 12:00am
NTN data cleansing exercise completed

NTN data cleansing exercise completed

The Central Board of Revenue (CBR) has completed the largest data cleansing of National Tax Numbers (NTN) for allocation in future of single taxpayer identification number to the business community.
Published 30 Nov, 2006 12:00am
NTN data cleansing exercise completed

NTN data cleansing exercise completed

The Central Board of Revenue (CBR) has completed the largest data cleansing of National Tax Numbers (NTN) for allocation in future of single taxpayer identification number to the business community.
Published 30 Nov, 2006 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 30 Nov, 2006 12:00am
11 women hurt as roof caves in

11 women hurt as roof caves in

Eleven women were injured when roof of a house collapsed at Main Bazar, Dubai Town, Raiwind road here on Wednesday. Rescue-1122 sources said Majlis-e-Aza was underway in a house when all of sudden its roof caved in. As a result all women attending the Maj
Published 30 Nov, 2006 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 30 Nov, 2006 12:00am
Russians interested in coal mining

Russians interested in coal mining

Russians have showed interest in coal mining and setting up coal-fired power plants in Sindh. In this regard, a Russian delegation, headed by Chairman Board of Russian Institute of Coal Industries, held a meeting with Sindh Mines and Mineral Development M
Published 30 Nov, 2006 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

Dividend/Bonus announcements by the companies listed on the Karachi Stock Exchange.

Published 30 Nov, 2006 12:00am
New arbitration law to be designed

New arbitration law to be designed

The Ministry of Law, Justice, and Human Rights will prepare a draft of a new arbitration law and submit it to the prime minister. The law will address both domestic and international arbitration and deal with the enforcement of domestic arbitrating awards
Published 30 Nov, 2006 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Wednesday (November 29, 2006).

Published 30 Nov, 2006 12:00am
South Korea's factory output lifts rate outlook

South Korea's factory output lifts rate outlook

South Korean factory output grew unexpectedly for a third consecutive month in October, data showed on Wednesday, strengthening the chance the central bank will lift interest rates next year.
Published 30 Nov, 2006 12:00am
EU proposes end to budget action against France

EU proposes end to budget action against France

The European Commission proposed on Wednesday to end disciplinary action against France over its excessive budget deficit, marking an end to a long dispute with Paris over fiscal policy.
Published 30 Nov, 2006 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 30 Nov, 2006 12:00am
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