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| December 05, 2007 | Wednesday | Ziqa'ad 24, 1428 |
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Parco raises LPG price by 14pc
ISLAMABAD, Dec 4: Within a day after complete deregulation of Liquefied Petroleum Gas (LPG) prices, Pak-Arab Refinery Limited (Parco) became the first producer to increase LPG prices by more than 14 per cent with immediate effect.... 
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OMCs given GST waiver on crude oil imports : Easing cash flow problems
ISLAMABAD, Dec 4: The Federal Board of Revenue (FBR) has exempted oil marketing companies (OMCs) from the payment of 15 per cent general sales tax on import of crude petroleum oil to mitigate their cash flow problems....
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Banks Surpass HBFC on housing loans
A number of disclosures were made in an on-going training programme on housing held by the SBP and named as “SBP-IFC Housing Finance Training Programme.”...
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Sri Lanka to import rice, cement
KARACHI, Dec 4: Sri Lanka is keen to import large quantities of rice and cement from Pakistan on government-to-government level....
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Scrap deleted from CARe examination category
KARACHI, Dec 4: The Federal Board of Revenue (FBR) has decided to stop clearance of all categories of scrap through computerised system of Customs Administrative Reforms (CARe) and put it back for physical examination at Model Customs Collectorates....
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Oil prices slump
LONDON, Dec 4: Oil prices tumbled under $88 on Tuesday, with all eyes on the forthcoming Opec output meeting in Abu Dhabi as sentiment turned on whether there will be a production hike or not....
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Govt mulling removal of guilty directors
ISLAMABAD, Dec 4: The caretaker government is considering a proposal to remove directors of companies found guilty of illegal trade practices from the board of directors, Dawn has learnt....
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Euro rises
LONDON, Dec 4: The euro rose against the dollar on Tuesday while the Canadian dollar slumped after the Bank of Canada (BoC) surprised traders by cutting interest rates for the first time in three and half years....
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Stocks rally on selective buying
KARACHI, Dec 4: The share market on Tuesday staged a snap rally as a section of investors covered positions on selected counters aided partly by revival of financial support amid moderately active trading....
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Ukraine to pay more for Russian gas
MOSCOW, Dec 4: Ukraine has agreed to raise payments for Russian gas by 38 per cent in 2008, Russian gas export monopoly Gazprom said on Tuesday in a deal likely to remove the threat of supply disruptions to Europe....
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Trading gets slow on cotton market
KARACHI, Dec 4: Physical activity on the cotton market on Tuesday shrank to modest proportions as spinners and mills were not inclined to go beyond the international parity level of Rs3,200 per maund.After...
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Karachi Port operations
KARACHI, Dec 4: Nine ships carrying general cargo, DAP fertiliser and to load cement, molasses and ethanol are expected to arrive at the outer anchorage on Wednesday, according to KPT sources....
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Port Qasim
KARACHI, Dec 4: Four ships scheduled to load/offload containers, rice, edible oil, and chemicals were accommodated berths during the last 24 hours, said a PQA press release on Tuesday....
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Asian stocks mixed on investor caution
HONG KONG, Dec 4: Asian stocks were mixed for a second straight day on Tuesday as investors weighed hopes for a US rate cut next week against worries that the subprime mortage crisis has still not been put to rest....
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European shares slip
LONDON, Dec 4: Europe’s main equity markets sank on Tuesday as investor concerns resurfaced over the global credit squeeze after a pullback earlier in Tokyo and overnight in New York, analysts said....
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Palm oil futures fall
KUALA LUMPUR, Dec 4: Malaysian crude palm oil ended 1.3 per cent lower on Tuesday, giving up all its gains in the morning session as investors liquidated positions after the US crude market fell further from the $90 level....
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Karachi market rates
KARACHI, Dec 4: The following were Tuesday’s commodity market rates in rupees....
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