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Print - 2010-04-13
Rashid elected Senate narcotics body chairman

Rashid elected Senate narcotics body chairman

Senator Engineer Rashid Ahmed Khan was elected unopposed as chairman of Senate standing committee on narcotics control here on Monday. His name was proposed Abdul Rahim Khan Mandokhail and seconded by all committee members in a meeting held in the Parliam
Published 13 Apr, 2010 12:00am
Traders hold demonstration against price hike, loadshedding

Traders hold demonstration against price hike, loadshedding

Working class took out a mass procession to protest against the skyrocketing price hike of essential commodities and aggravating unemployment due to prolonged load shedding, prevalence of outdated labour laws and exploitative feudalistic system of the cou
Published 13 Apr, 2010 12:00am
Spinners demand ban on export of raw cotton

Spinners demand ban on export of raw cotton

390 spinning mills of the country have demanded ban on export of raw cotton as the spinning sector is already short of 3.3 million bales for running the mills during 2010-2011 financial year.
Published 13 Apr, 2010 12:00am
Vigilance teams catch cheats at exam centres

Vigilance teams catch cheats at exam centres

Chairman Special Vigilance Team of the Board of Secondary Education Karachi (BSEK) and Governor Sindh Vigilance Team (GSVT) on Monday caught 16 cases of impersonation and usage of unfair means at six examination centres.
Published 13 Apr, 2010 12:00am
Loud music after mid night banned

Loud music after mid night banned

Home department, Sindh, has enforced ban under section 144 Cr. P C on playing of loud music in any function, musical program and recreational functions after mid night to keep law and order situation under control. The department on Monday issued a notifi
Published 13 Apr, 2010 12:00am
PCGA rejects VAT

PCGA rejects VAT

The Central Executive Committee (CEC) of Pakistan Cotton Ginners Association (PCGA) has rejected the Value-Added Tax (VAT), saying that the Federal Board of Revenue (FBR) has imposed this tax without consulting the stakeholders.
Published 13 Apr, 2010 12:00am
Manhandling of professor: 'Black Day' in universities observed

Manhandling of professor: 'Black Day' in universities observed

On the appeal by President Federation of All Pakistan Academic Staff Associations (FAPUASA) Professor Mahr Saeed Akhtar, 'black day' was observed in the varsities all across the country on Monday as a protest against life attempt on Professor Iftikhar Hus
Published 13 Apr, 2010 12:00am
'Setting up of linkage between universities, markets a healthy sign'

'Setting up of linkage between universities, markets a healthy sign'

Provincial Minister for Education, Mian Mujtaba Shujja Ur Rehman has said that the establishment of linkage between universities and markets is a healthy sign for education system and superior university Lahore has excelled by introducing performance awar
Published 13 Apr, 2010 12:00am
USC to reduce flour price by Re one per kg

USC to reduce flour price by Re one per kg

Utility Stores Corporation (USC) is going to reduce the price of wheat flour by Rs 1 per kilogram from April 14 after a decline in the commodity's wholesale rates, sources told Business Recorder. The price of a 10-kg flour bag in the wholesale mark
Published 13 Apr, 2010 12:00am
Business community asked to manufacture computers, cell phones locally

Business community asked to manufacture computers, cell phones locally

Advisor to Prime Minister on Information Technology (IT), Latif Khosa has urged business community to invest and start manufacturing of mobile phones and computers in the country. Addressing the members of Karachi Chamber of Commerce and Industry (KCCI) o
Published 13 Apr, 2010 12:00am
LHCBA team holds talks with LHC registrar

LHCBA team holds talks with LHC registrar

Lahore High Court Bar Association (LHCBA) here Monday called on Registrar, Lahore High Court (LHC) to discuss problems faced by the lawyers and to ensure smooth relations between the bench and the bar. Registrar, LHC Abdul Sattar Asghar discussed about pr
Published 13 Apr, 2010 12:00am
Thai CDS at seven-week high

Thai CDS at seven-week high

The cost of insuring Thailand's debt against losses in case of a default jumped to a seven week-high on Monday, underperforming a broad market rally, after the weekend's deadly clashes that killed 21 people. Thailand's five-year credit default swaps (CDS)
Published 13 Apr, 2010 12:00am
Thai CDS at seven-week high

Thai CDS at seven-week high

The cost of insuring Thailand's debt against losses in case of a default jumped to a seven week-high on Monday, underperforming a broad market rally, after the weekend's deadly clashes that killed 21 people. Thailand's five-year credit default swaps (CDS)
Published 13 Apr, 2010 12:00am
Indian shares slip

Indian shares slip

India's main share index slipped 0.1 percent on Monday, taking a breather after its ninth straight week of gains, while sentiment was also impacted by a row between regulators over an insurance product linked to the stock market.
Published 13 Apr, 2010 12:00am
Monday's afternoon trade: Wall Street ticks up

Monday's afternoon trade: Wall Street ticks up

US stocks advanced on Monday after European leaders agreed to an emergency aid plan for Greece and ahead of quarterly results from Alcoa Inc, which marks the unofficial start to earnings season. While many are anticipating a solid quarter for corporate pr
Published 13 Apr, 2010 12:00am
European CDS tighten

European CDS tighten

European credit derivatives tightened on Monday following the European Union's approval of a 30 billion euro ($40 billion) rescue package for Greece, which removed fears of any default in the next few years.
Published 13 Apr, 2010 12:00am
European CDS tighten

European CDS tighten

European credit derivatives tightened on Monday following the European Union's approval of a 30 billion euro ($40 billion) rescue package for Greece, which removed fears of any default in the next few years.
Published 13 Apr, 2010 12:00am
UK's top share index rises

UK's top share index rises

Britain's leading shares rose 0.1 percent early on Monday, tracking gains overnight in Asia after a giant rescue plan was announced for debt-laden Greece, and led by energy stocks following strong data from China. By 0805 GMT, the FTSE 100 was up 6.11 poi
Published 13 Apr, 2010 12:00am
FROM A RINGSIDE SEAT

FROM A RINGSIDE SEAT

The message by nationalist senators was patently evident that they would resist any opposition to the unanimously approved 18th Constitutional Amendment by the National Assembly now presented in the Senate.
Published 13 Apr, 2010 12:00am
Seminar on 'Tax Reforms in Punjab'

Seminar on 'Tax Reforms in Punjab'

The Centre for Public Policy and Governance of Forman Christian College has organised a seminar on "Tax Reforms in Punjab: challenges and opportunities" on April 15. Patrick Kevin Doherty, a chartered public finance accountant and member of the Institute
Published 13 Apr, 2010 12:00am
Senate condemns police high-handedness against protestors in Hazara

Senate condemns police high-handedness against protestors in Hazara

Lawmakers in Upper House of the Parliament strongly condemned the police highhandedness against the protestors in Abbottabad, who were protesting the renaming of NWFP, wherein seven people were killed. They demanded independent judicial inquiry into the i
Published 13 Apr, 2010 12:00am
New York cotton settles higher

New York cotton settles higher

Cotton futures closed firmer on Monday on modest investor buying due to a weak dollar but were well below their highs for the day after the early surge fizzled out late in the day, brokers said. The key May cotton contract rose 0.06 cent to end at 78.13 c
Published 13 Apr, 2010 12:00am
Copper hits 20-month high

Copper hits 20-month high

Copper reached a 20-month high on Monday due to a stronger euro, investment demand and robust import figures from China, the world's top metals consumer. Chinese demand for copper powered on in March, with imports rising rapidly despite higher prices as f
Published 13 Apr, 2010 12:00am
Oil falls toward $84

Oil falls toward $84

Oil prices fell toward $84 a barrel on Monday as concerns about US demand and inventory levels outweighed early support from strong Chinese crude imports and a weak dollar. US oil for May delivery fell 58 cents to settle at $84.34 a barrel, after earlier
Published 13 Apr, 2010 12:00am
Sugar climbs in London

Sugar climbs in London

Sugar futures rose on Monday, with whites leading the charge due to tight supplies and news of cash buying although many in the trade were wary of whether a relief rally was finally under way, analysts said. News of a deal to aid debt-wracked Greece also
Published 13 Apr, 2010 12:00am
Gold near four-month high in European trade

Gold near four-month high in European trade

Gold was near four-month highs of $1,168.70 an ounce in Europe on Monday as the euro surged versus the dollar after eurozone finance ministers agreed a 30 billion euro aid package for debt-laden Greece. Platinum and palladium prices also rallied, touching
Published 13 Apr, 2010 12:00am
US MIDDAY: coffee, sugar and cocoa up

US MIDDAY: coffee, sugar and cocoa up

Summaries of the ICE Futures US cocoa, coffee and sugar markets during early trade on Monday. May arabica coffee contract rose 1.15 cents to $1.3385 per lb at 11:01 am EDT (1501 GMT). Ranging from $1.3305 to $1.3420. Futures bounced from Friday's three-we
Published 13 Apr, 2010 12:00am
US MIDDAY: soyabeans, wheat and corn climb

US MIDDAY: soyabeans, wheat and corn climb

Soyabean, wheat and corn futures on the Chicago Board of Trade climbed early on Monday, buoyed by a weaker dollar that made dollar-denominated commodities more competitive on the world market. Soyabeans got an added boost from firm cash markets that lifte
Published 13 Apr, 2010 12:00am
US MIDDAY: copper lower

US MIDDAY: copper lower

US copper futures lower during early trade on Monday, as momentum waned near the top of the range as currency-related support faded, while surprisingly strong Chinese import data limited the decline. Copper for May delivery shed 2.55 cents to settle at $3
Published 13 Apr, 2010 12:00am
US MIDDAY: gold flat

US MIDDAY: gold flat

Gold flat early on Monday, retreating from a four-month high despite a euro rally against the dollar, as weaker physical demand for the precious metal limited gains. Bullion's failure to rise further in spite of Wall Street's gains and a sharply lower dol
Published 13 Apr, 2010 12:00am
Anti-encroachment operation launched in Lyari Town

Anti-encroachment operation launched in Lyari Town

An operation has been started in Lyari Town against illegal encroachments. Administrator Mohammed Raisi has directed that immediate action be taken against all kinds of encroachments. During the operation, score of old encroachments, shops, galleries, CCB
Published 13 Apr, 2010 12:00am
Officials directed to rationalise Sasti Roti scheme

Officials directed to rationalise Sasti Roti scheme

Commissioner Tahir Hussain has directed the concerned officials to rationalise the Sasti Roti Scheme to make it more beneficial for the poor and deserving people. He asked them to evolve a mechanism for checking the registered Tandoors so that the ghost T
Published 13 Apr, 2010 12:00am
Khyber Agency faces 20 hours' power cuts

Khyber Agency faces 20 hours' power cuts

Prolonged loadshedding has disturbed daily life of the tribesmen in FATA, particularly, Landikotal and Khyber Agency that are facing 20 hours power cuts. Lack of provision of potable water in the tribal areas is the main problem that is caused by long hou
Published 13 Apr, 2010 12:00am
Bid to smuggle ammunition, weapons foiled

Bid to smuggle ammunition, weapons foiled

Capital police have foiled an attempt to smuggle cache of weapons and ammunition from Peshawar to Haripur via Islamabad and arrested two persons who were trying it to smuggle it through a vehicle, a police spokesman said. On a tip off, Golra police consti
Published 13 Apr, 2010 12:00am
DCO distributes cheques amongst needy persons

DCO distributes cheques amongst needy persons

The financial aid worth of Rs 2,65000 had been provided to the 12 deserving and poor persons by the Chief Minister Punjab Shahbaz Sharif. The cheques of financial aid were distributed among the poor applicants by the DCO Saeed Wahlah on behalf of Chief Mi
Published 13 Apr, 2010 12:00am
Rs 13.7 million subsidy being provided to off-season vegetable growers

Rs 13.7 million subsidy being provided to off-season vegetable growers

Subsidy of Rs 13.70 million is being provided to the successful farmers of draw under the tunnel technology promotion of Punjab government in agriculture sector for growing un-seasonal vegetable. This was stated by EDO Agri Farman Ali Khan at a function h
Published 13 Apr, 2010 12:00am
Asma for public awareness about discouraging military intervention

Asma for public awareness about discouraging military intervention

Human Rights Commission of Pakistan Chairperson, Asma Jehangir has asserted that public awareness about the importance of democracy is the pre dominant factor against military dictatorship. Power of public against dictatorship is more important than const
Published 13 Apr, 2010 12:00am
Protests against power outages in Punjab continue

Protests against power outages in Punjab continue

The protest demonstrations by traders continued here the second consecutive day in different cities of southern Punjab. A protest rally was held by the traders of Chowk Hussain Agahi Bazar from Hussain Agahi to Ghanta Ghar Chowk led by President Chamber o
Published 13 Apr, 2010 12:00am
BDS exams date

BDS exams date

The Additional Controller of Examinations Liaquat University of Medical and Health Sciences Jamshoro (LUMHS) on Monday announced that annual examinations of BDS third Professional are scheduled to be conducted from May 24, at Liaquat University Jamshoro.
Published 13 Apr, 2010 12:00am
BISP National Poverty Survey to be launched next month

BISP National Poverty Survey to be launched next month

Benazir Income Support Programme (BISP) will launch 'National Poverty Survey' from May to identify the number of poor families across the country. The survey will be completed in 24 districts of Balochistan on priority basis till June, said Chairperson BI
Published 13 Apr, 2010 12:00am
Reduction in LPG prices welcomed

Reduction in LPG prices welcomed

People from across the society have welcomed reduction in prices of Liquefied Petroleum Gas (LPG), terming it a welcome respite at a time when prices of essential daily commodities are going up. Prices of Liquefied Petroleum Gas (LPG) have reduced by Rs 7
Published 13 Apr, 2010 12:00am
PSDEC to set up marble city in Karachi

PSDEC to set up marble city in Karachi

Pakistan Stone Development Company (PASDEC) will establish Marble City (industrial estate) in Karachi with the help of Sindh government. An agreement (MoU) in this regard has been inked between Sindh Board of Investment and PASDEC during Sindh Investment
Published 13 Apr, 2010 12:00am
Milk powder rates

Milk powder rates

Milk Powder rates in rupees prevailing on the commodity markets in Karachi on Monday (April 12, 2010).

Published 13 Apr, 2010 12:00am
UHS announces schedule of professional exams

UHS announces schedule of professional exams

University of Health Sciences (UHS) has announced the schedule of various professional examinations. According to a spokesman of UHS, Postgraduate Medical Diploma annual examination 2010 and postgraduate Medical Diploma Part-II revised scheme supplementar
Published 13 Apr, 2010 12:00am
Raw rubber rates

Raw rubber rates

Raw Rubber rates in rupees prevailing on the commodity markets in Karachi on Monday (April 12, 2010).

Published 13 Apr, 2010 12:00am
10,000 cusecs water in rivers increased: report

10,000 cusecs water in rivers increased: report

There has been an increase of 10,000 cusecs precious water in the combined flows of the four rivers, Indus, Kabul, Jhelum and Chenab during the past 24 hours due to rising temperature in the upper regions of the country.
Published 13 Apr, 2010 12:00am
Jute goods rates

Jute goods rates

Jute goods rates in rupees prevailing on the commodity markets in Karachi on Monday (April 12, 2010).

Published 13 Apr, 2010 12:00am
Suspension of cops: suo motu proceedings disposed of

Suspension of cops: suo motu proceedings disposed of

The Chief Justice Lahore High Court (LHC) here on Monday disposed of a suo motu proceedings initiated against suspension of six police officials, searching vehicle of PML-N MNA Malik Riaz, after the SSP investigation informed the court that the cops had n
Published 13 Apr, 2010 12:00am
NITL registers commendable growth in profit for nine months

NITL registers commendable growth in profit for nine months

National Investment Trust Limited (NITL) has posted a commendable growth in profit for the nine months ended on March 31, 2010. The board of directors of NIT approved the accounts of all funds under its management and the chairman and MD NIT Tariq Iqbal K
Published 13 Apr, 2010 12:00am
Rates of dry fruit

Rates of dry fruit

Rates of dry fruit in rupees prevailing on the commodity markets in Karachi on Monday (April 12, 2010).

Published 13 Apr, 2010 12:00am
NITL registers commendable growth in profit for nine months

NITL registers commendable growth in profit for nine months

National Investment Trust Limited (NITL) has posted a commendable growth in profit for the nine months ended on March 31, 2010. The board of directors of NIT approved the accounts of all funds under its management and the chairman and MD NIT Tariq Iqbal K
Published 13 Apr, 2010 12:00am
FBR to enforce amended version of functional based system

FBR to enforce amended version of functional based system

The Federal Board of Revenue (FBR) is going to enforce the amended version of functional based system to yield desired results of tax harmonisation. Lack of co-ordination in Inland Revenue (IR) divisions has forced the board to introduce the amended versi
Published 13 Apr, 2010 12:00am
Grain market rates

Grain market rates

Karachi grain market rates in rupees on Monday (April 12, 2010).

Published 13 Apr, 2010 12:00am
Petition seeking registration of FIR: hearing adjourned till April 20

Petition seeking registration of FIR: hearing adjourned till April 20

The Lahore High Court (LHC) here on Monday adjourned till April 20 the hearing of a petition seeking registration of an FIR under Anti Terrorism Act (ATA) against the doctors for detaining and torturing journalists in Jinnah Hospital. On Monday, CCPO Laho
Published 13 Apr, 2010 12:00am
Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Monday (April 12, 2010).

Published 13 Apr, 2010 12:00am
Inflated balance sheets of banks

Inflated balance sheets of banks

There is growing evidence that financial institutions in a large number of countries try to exaggerate the level of their health through their balance sheets in order to mask their actual or real position. In a report carried by Wall Street Journal on 9th
Published 13 Apr, 2010 12:00am
Dangerous impasse

Dangerous impasse

We are in a political impasse that threatens to metastasise into a constitutional crisis. This impasse occurs at a time of heightened economic, political and security challenges. The Supreme Court wants government to seek the reopening of cases against Pr
Published 13 Apr, 2010 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Monday (April 12, 2010).

Published 13 Apr, 2010 12:00am
VAT Bill 2010: right move, wrong powers

VAT Bill 2010: right move, wrong powers

The government of Pakistan has introduced Federal Value Added Tax Bill 2010 (VAT) in the Parliament, which will replace Sales Tax Act, 1990 from First of July 2010.The bill is under consideration and the Provincial VAT Bills have also been introduced in t
Published 13 Apr, 2010 12:00am
Spotlight: Empowered PM makes a poor start!: options before Zardari

Spotlight: Empowered PM makes a poor start!: options before Zardari

It is important that President Asif Zardari move expeditiously to clear his name of a host of allegations that have been making rounds since many years now - both important and necessary - if he wants to complete his three remaining years in office in rel
Published 13 Apr, 2010 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (April 12, 2010).

Published 13 Apr, 2010 12:00am
The Weather

The Weather

The weather report on Monday (April 12, 2010) and the forecast for Tuesday (April 13, 2010).

Published 13 Apr, 2010 12:00am
18th amendment passage to strengthen democracy: Kaira

18th amendment passage to strengthen democracy: Kaira

Federal Minister for Information and Broadcasting Qamar Zaman Kaira has said the passing of the 18th amendment from the parliament would strengthen democracy in the country. Talking to the media here, he said the government would now be able to fully conc
Published 13 Apr, 2010 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 13 Apr, 2010 12:00am
Rabbani tables 18th Amendment Bill in Senate

Rabbani tables 18th Amendment Bill in Senate

Chairman Parliamentary Committee on Constitutional Reforms (PCCR) and Advisor to Prime Minister Mian Raza Rabbani on Monday tabled "The Constitution (Eighteenth Amendment) Bill, 2010" in Upper House of the Parliament for discussion. Before tabling of the
Published 13 Apr, 2010 12:00am
Rabbani tables 18th Amendment Bill in Senate

Rabbani tables 18th Amendment Bill in Senate

Chairman Parliamentary Committee on Constitutional Reforms (PCCR) and Advisor to Prime Minister Mian Raza Rabbani on Monday tabled "The Constitution (Eighteenth Amendment) Bill, 2010" in Upper House of the Parliament for discussion. Before tabling of the
Published 13 Apr, 2010 12:00am
Zardari accords degree awarding status to PIDE

Zardari accords degree awarding status to PIDE

President Asif Ali Zardari on Monday gave assent to a bill giving degree-awarding status to the Pakistan Institute of Development Economic. President Zardari, who inked the bill here at the Aiwan-e-Sadr, hoped the institution would produce Ph Ds, M Phils
Published 13 Apr, 2010 12:00am
LME official prices

LME official prices

The following were Friday official prices.

Published 13 Apr, 2010 12:00am
Two school students gunned down in Bajaur

Two school students gunned down in Bajaur

Two students were shot dead here at the Khar area, headquarters of Bajaur Agency, when some armed men opened fire killing them on the spot. According to officials of the Levies Force, some armed men opened fire on students namely Zakir Khan and Zia Ur Reh
Published 13 Apr, 2010 12:00am
LME official prices

LME official prices

The following were Friday official prices.

Published 13 Apr, 2010 12:00am
'Shanghai Exposition to provide fresh stimulus to trade promotion'

'Shanghai Exposition to provide fresh stimulus to trade promotion'

Pakistan Ambassador to China Masood Khan has said 2010 is also a special year for Pakistan-China trade. Shanghai Expo 2010 will provide a fresh stimulus for promotion of trade, Khan said and added that Pakistan's Pavilion is located next to China's one.
Published 13 Apr, 2010 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Monday (April 12, 2010) and for Tuesday (April 13, 2010)
Published 13 Apr, 2010 12:00am
An historic achievement or...

An historic achievement or...

Those who lacked a clear understanding of the phrase, self-praise no longer have a problem; the praise showered upon themselves by our politicians after the passage of the 18th Amendment to the Constitution amply demonstrated what this phrase implies.
Published 13 Apr, 2010 12:00am
The genius brains of Wapda

The genius brains of Wapda

According to Haroon Rashid, speaking on a well-known television talk show, a Wapda technician was called to Islamabad from Lahore to temper with the electric meters of over 300 households, belonging to high government officials. The wizard man was known t
Published 13 Apr, 2010 12:00am
Shoaib-Sania wedding

Shoaib-Sania wedding

The way media is promoting the scandal of former captain Shoaib Malik's wedding with international tennis player Sania Mirza, without considering that its their personal matter and they must not interfere with it that much. Shoaib Malik is our celebrity;
Published 13 Apr, 2010 12:00am
Pak-Malaysia FTA helps boost trade, investment volume

Pak-Malaysia FTA helps boost trade, investment volume

The number of Certificates of Origin issued to Malaysian Businessmen by the Malaysian Government to claim reduced duties and taxes under FTA has registered three fold increase in the past two years, reflecting intensive trade and investment volume between
Published 13 Apr, 2010 12:00am
Pakistan has entered into golden era: Iftikhar

Pakistan has entered into golden era: Iftikhar

NWFP Provincial Information Minister Mian Iftikhar Hussain said that Pakistan has entered into a new democratic era with the approval of 18th amendment. It raises hopes that political leadership of the country will sit together in the future as well for t
Published 13 Apr, 2010 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (April 12, 2010).

Published 13 Apr, 2010 12:00am
Speakers for acquisition of civil nuclear technology

Speakers for acquisition of civil nuclear technology

The speakers at PINA seminar on "Pak US Dialogue - Challenges and Expectations", held in Lahore felt that the outcome of the dialogue was strategically insignificant. They impressed upon the Prime Minister of Pakistan, on his visit to the US, to gracefull
Published 13 Apr, 2010 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Monday (April 12, 2010).

Published 13 Apr, 2010 12:00am
Is this a real problem?

Is this a real problem?

It is a pity that the media is ignoring the most important problems of the people, and instead playing up Shoaib Malik and Sania Mirza's marriage out of proportion. I am not against of their marriage, but I just want to make the media realise that Pakista
Published 13 Apr, 2010 12:00am
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