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| May 31, 2008 | Saturday | Jamadi-ul-Awwal 25, 1429 |
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Chakki atta price cut by Rs5/kg
KARACHI, May 30: The Sindh government and chakki flour owners have reached agreement to provide chakki atta to consumers at Rs25 per kg from Saturday. Till Friday, it was available at... 
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Licence issued for auto-gas station
KARACHI, May 30: Oil and Gas Regulatory Authority (Ogra) has issued a licence to Noor LPG to construct the country’s first ever Auto-gas Station in Lahore....ry....
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Sindh MTFF thrown out of gear
KARACHI, May 30: A medium-term fiscal framework (MTFF), which stipulated Sindh government’s three-year revenue and expenditure projections from 2007-08 to 2009-10, has been thrown out of gear in the first year...
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Terminal operators to waive penalty
KARACHI, May 30: The Karachi Chamber of Commerce and Industry has expressed serious concern over imposition of penalties by the terminal operators and days of detention of containers at the ports....
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Bank savers to get 5pc profit
KARACHI, May 30: The State Bank of Pakistan has introduced a minimum profit rate of 5 per cent per annum on all categories of savings/PLS saving deposits, including any other profit bearing deposit with no fixed maturity....
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Licence for new tractor causes ripples in industry
KARACHI, May 30: Pakistan Association of Automotive Parts and Accessories Manufacturers (PAAPAM) and the local tractor industry expressed their strong reservations in the second meeting of Auto Industry Development Committee (AIDC)...
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SBP to review LC margin requirement: Essential raw materials
KARACHI, May 30: The Governor, State Bank of Pakistan, Dr Shamshad Akhtar has said the central bank in consultation with the government will look into the demands of the industry for...
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PSO to buy 450,000 tons of gas oil
SINGAPORE, May 30: Pakistan State Oil (PSO) has tendered to buy up to 450,000 tons of gas oil for delivery during June to October, the tender document showed on Friday....
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WB wants tough yet essential reforms
ISLAMABAD, May 30: World Bank Vice President Praful Patel said on Friday that “tough, yet essential, reforms can ensure that high international food and oil prices do not derail Pakistan’s poverty reduction and economic development.”...
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Rupee inches up against dollar
KARACHI, May 30: The rupee gained slightly on Friday on expectations of fresh inflows of foreign currency in the short-term, dealers said....
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Mirza elected KSE chief
KARACHI, May 30: Kamran Y. Mirza was elected as non-executive chairman of the board of directors of Karachi Stock Exchange for the remainder part of the calendar year 2008....
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Stocks lose 104.54 points on budget, political worries
KARACHI, May 30: The weekend profit-selling ran through a robust early index run-up on Friday as investors were not inclined to hold long positions owing to both budget and political uncertainties,...
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Cotton trading gets dull as fresh supplies awaited
KARACHI, May 30: Cotton market on Friday passed through a relatively dull session owing to the weekly closure of Punjab markets but local brokers said some of the spinners sought fresh supplies for ready delivery....
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Indian GDP grows at 9pc
NEW DELHI, May 30: India’s economy grew nine per cent in the last fiscal year, second only to China among big economies, but the better than expected figure was overshadowed by a surge in inflation, data showed on Friday....
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Karachi Port operations
KARACHI, May 30: Five ships carrying containers and to load clinkers are due to arrive at the outer anchorage on Saturday, according to KPT sources....
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Port Qasim
KARACHI, May 30: Three ships carrying containers, palm oil and coal were accommodated berths during the last 24 hours, said a PQA press release on Friday....
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Canadian economy
OTTAWA, May 30: Canada’s economy stumbled in the first quarter of the year as activity contracted 0.1 per cent, marking the first decline in almost five years, a government report showed on Friday....
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Singapore, Peru sign free trade deal
SINGAPORE, May 30: Singapore and Peru have signed a free trade agreement, the city-state’s trade ministry said on Friday....
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Sri Lanka’s inflation hits 26.2pc
COLOMBO, May 30: Annual inflation in Sri Lanka hit 26.2 per cent in May, according to official data on Friday, driven by higher food, fuel and other prices....
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Asian stocks close up as Nikkei rises
HONG KONG, May 30: Asian stocks closed mostly up Friday with the Japanese market jumping 1.5 per cent as investors generally welcomed falling crude oil prices and better US economic data....
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Gold hits 2-week low
LONDON, May 30: Gold hit a two-week low on Friday as the dollar firmed and as lower oil prices hurt the metal’s appeal as hedge against inflation....
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Palm oil prices lower
KUALA LUMPUR, May 30: Malaysian crude palm oil futures dropped as much as 3.5 per cent on Friday to their lowest level in three weeks as traders guessed weaker crude oil prices could slow biodiesel demand for vegetable oils....
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Karachi market rates
KARACHI, May 30: The following were Friday commodity market rates in rupees....
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