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| May 09, 2008 | Friday | Jamadi-ul-Awwal 3, 1429 |
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KSE has ‘huge’ upside potential: US envoy
KARACHI, May 8: US Ambassador Anne W. Patterson has said that Pakistan’s stock market had a “huge” upside potential.... 
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Sindh faces 43pc water shortage from Tarbela
KARACHI, May 8: Water flow in Sindh canals is likely to increase during next four days as releases from Tarbela Dam has improved from 39,000 cusecs to 56,000 cusecs on Thursday, said sources at Irrigation and Power department....
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Oil eases after hitting new highs
LONDON, May 8: Oil prices came off near record levels on Thursday after spiking close to $124 as the Opec cartel insisted that the market was well supplied and being driven by speculators, not real demand....
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SBP warns Exchange firms against speculation
KARACHI, May 8: State Bank of Pakistan Governor Dr Shamshad Akhtar has directed the exchange companies to keep dollar-rupee parity differential between the inter-bank and kerb markets at rational levels, restrain...
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Rupee hits new low
KARACHI, May 8: The rupee fell 0.95 per cent against the US dollar on Thursday to a new record low and it has now depreciated 8.9...
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Karachi LTU e-filing project stopped
KARACHI, May 8: Under instructions from the FBR, the director general Large Taxpayers Unit, Karachi, has discontinued the pilot project for e-filing of returns and statements and PRAL has been assigned to provide these services to the taxpayers....
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Petroleum dealers fleece consumers
KARACHI, May 8: The petroleum dealers have started a new practice of suspending sales or shutting down their outlets ahead of any oil price-hike made by the government to make quick financial gains....
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KICT urged to withdraw penalty on FCL boxes
KARACHI, May 8: The Karachi Chamber of Commerce and Industry has urged the Karachi International Container Terminal (KICT) to withdraw penalty on delay in clearance of full-load (FCL) containers....
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Uncertainty surrounds windmill project
KARACHI, May 8: Even though it has its reservations over the tariff approved by the National Electric Power Regulatory Authority (Nepra), a Turkish firm is reported to have started shipping equipment...
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KSE 100-share index again turns lower
KARACHI, May 8: The Karachi Stock Exchange (KSE) 100-share index on Thursday again turned lower by about 67 points as investors played on both sides of the fence, selling at the...
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Lucky Cement raises $109m via GDRs
KARACHI, May 8: Lucky Cement, the country’s biggest cement maker, said on Thursday it raised $109.3 million through the issue of global depositary receipts (GDRs) to be listed on the London Stock Exchange....
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Bourses told to set up floors in Quetta, Peshawar
ISLAMABAD, May 8: The Securities and Exchange Commission of Pakistan (SECP) has proposed the stock exchanges to establish trading floors in Peshawar and Quetta....
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Services sector exports double
ISLAMABAD, May 8: Services sector exports went up by 99.65 per cent in February 2008 over the same month last year, the Federal Bureau of Statistics (FBS) said on Thursday....
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Prices remain firm on cotton market
KARACHI, May 8: The cotton market remained calm but steady on Thursday as official ready rates were firmly held at the previous level of Rs3,375 per maund....
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Prgmea slates SBP’s charge on R&D misuse
KARACHI, May 8: The Pakistan Readymade Garments Manufacturers and Exporters Association (Prgmea) has taken strong exception to the comments made by the governor State Bank regarding misuse of Research and Development (R&D) support by the textile industry....
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Cement exports up by 142pc
KARACHI, May 8: Cement exports recorded a robust growth of 141.9 per cent, to 5.93 million tons, during the first 10 months of the current fiscal year, cement manufacturers said here on Thursday....
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ECB, BoE leave key rates steady
ATHENS, May 8: The European Central Bank and Bank of England left benchmark lending rates unchanged on Thursday after policymakers weighed the paramount risk from inflation against weakening economic growth....
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India halts futures trade in staple foods
NEW DELHI, May 8: India’s government on Thursday halted trading in futures contracts for key staple foods and for rubber as it battled to avoid an election drubbing due to high inflation....
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Asian stocks close mostly down
HONG KONG, May 8: Asian stocks closed mostly down on Thursday after the oil price rose to a fresh all-time high, triggering a Wall Street tumble and stoking fears of rising inflation....
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Palm oil soars 3.3pc
KUALA LUMPUR, May 8: Malaysian crude palm oil futures jumped 3.3 per cent on Thursday as record high crude oil prices and renewed concerns over global vegetable oil supplies lifted the market....
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Karachi market rates
KARACHI, May 8: The following were Thursday commodity market rates in rupees....
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