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Hambra IT raises funds for quake victims
KARACHI (November 11 2008): Pakistanis all over the world and from every walk of life are gearing up to play their part in rebuilding the lives of devastated people of Balochistan.

Hambra IT, a US based IT development and consultancy firm owned by Pakistani American Entrepreneurs, has set a goal to raise Rs 50,000 by initiating an employee matching program contributing rupees five for every one rupee donated by its employees working at the company's International Development Centre (IDC) in Karachi. The funds will be handed over to Edhi Foundation to be utilised for relief efforts for the Balochistan earthquake victims. Hambra IT's Employees in Pakistan adhered to their social responsibility by contributing generously when the initiative was launched.

"This is a terrible catastrophe for our country, but I am incredibly proud of the response from our staff in Pakistan and hope that our donation will help in bringing some relief to the people affected by the earthquake," said Junaid Noor, an American born Pakistani, Hambra IT's owner and VP of Offshore Development. Hambra IT is a US based IT Solution Provider specialising in CRM and E-commerce solutions with an International Development Center in Karachi.-PR

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The Rupee
Interbank closing rates for dollar on Saturday.
Buying Rs 79.05
Selling Rs 79.15
Recorder Review: handsome recovery
8995.65  0
Sectoral Indices 
Market at Close
BRIndex-30 8,995.65
KSE-30 Index 9,981.93
KSE-100 Index 9,187.10
LSE-25 Index 2,825.36
ISE-10 Index 1,998.14
Gold Per 10gm 20,102.00
KCA Spot Rate 2,950.00
Libor Rate 0.70000
World Indices
Index Closing Chg%
DJIA 8,046.42 6.54
Nasdaq 1,384.35 5.18
S&P 800.03 6.32
FTSE 3,780.96 2.43
DAX 4,127.41 2.20
CAC-40 2,881.26 3.33
Nikkei 7,910.79 2.70
H.Seng 12,659.20 2.93
Sensex 8,915.21 5.49
NY Closing
Euro 0.7943
Sterling 0.67
Swiss Franc 1.223
Yen 95.938
Gold 791.80
Cotton 41.800
Oil 49.93
jumper
Economic Indicators
Annual 2007/08
Foreign Debt $45.00bn
Per Cap Income $1085
GDP Growth 5.8%
Average CPI 12.00%
Monthly September
Trade Balance $-2.02bln
Exports $1.78bln
Imports $3.80bln
Weekly November 20, 2008
Reserves $6.6368bln
 



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