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| June 06, 2008 | Friday | Jamadi-us-Sani 01, 1429 |
Industrialists pin hopes on budget: Waiver of LC cash margin
KARACHI, June 5: Industrialists all over the country pin their hopes on budget speech by Finance Minister Syed Naveed Qamar next Monday to announce withdrawal of 35 cash margin on opening...
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PQA hires tugs to handle large vessels
KARACHI, June 5: A pilot boat and a tug hired by the Port Qasim Authority (PQA) for a period of two years would soon be brought into operation to handle larger vessels of 295-meter, official sources said....
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New levy on CNG likely
KARACHI, June 5: The government has hinted at levying gas development levy (GDL) on the compressed natural gas (CNG). The new levy, if introduced, would push the gas rates up, said Abdul Sami Khan, chairman CNG Dealers Association....
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Dealers, firms make conflicting claims: Petrol, diesel supply
KARACHI, June 4: While the Oil Companies Advisory Committee (OCAC) rejects the perception of oil shortage, the petroleum dealers insist that the supply is less than the demand and warns of...
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PSF group flays textile sector’s inefficiency
KARACHI, June 5: The Polyester Staple Fibre Manufacturers Group (PSFMG) has said that the textile sector, instead of relying on government’s incentive package every year, must identify the real issues in order to improve its performance....
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Discounting in tight money market
KARACHI, June 5: Pakistani banks borrowed Rs6.185 billion from the central bank’s discount window on Thursday in an inter-bank money market that was tight because of a lack of cash inflows....
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Bank loans to increase milk production
KARACHI, June 5: The Sindh livestock department will arrange bank financing for small livestock farmers to increase milk production and help generate more income for them....
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Euro turns higher
LONDON, June 5: The euro turned sharply higher against the dollar on Thursday after the European Central Bank warned that interest rates could be hiked as early as next month to cope with rising inflation....
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Apparel sector wants status quo on R&D
LAHORE, June 5: The proposal to replace the existing six per cent across-the-board research and development (R&D) cash subsidy, enjoyed by the value-added apparel sector with a progressive duty drawback/rebate system, has created jitters among exporters of woven and knitwear garments....
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Oil prices rebound higher
LONDON, June 5: Oil prices rebounded higher on Thursday as dollar tumbled against the euro after the European Central Bank signalled that eurozone interest rates could be raised in July, analysts said....
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Changes in corporatisation bill 2008 possible
ISLAMABAD, June 5: Many possible changes are expected in the Corporatisation, Demutualisation and Integration Bill 2008, which was approved by the Cabinet on Wednesday, once it is presented in the House Standing Committee on Finance, sources told Dawn....
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Stocks fail to sustain gains, lose 35.51 points
KARACHI, June 5: The stock market failed to sustain the initial run-up after a buoyant opening on Thursday as a section of investors indulged in profit-taking followed by rumours of withdrawal...
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Higher prices mar cotton trading
KARACHI, June 5: Trading activity on the cotton market on Thursday was light as spinners kept to the sidelines most of the time owing to higher asking prices by the ginners....
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Karachi Port operations
KARACHI, June 5: Nine ships carrying containers and to load cement an ethanol are expected to arrive at the outer anchorage on Friday, according to KPT sources....
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Port Qasim
KARACHI, June 5: Two container ships ACX Marguerite MSC Rosa-M sailed out to sea during the last 24 hours while another oil tanker M.T. Mari Ugland is expected to sail on Thursday....
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Body to monitor auto parts import backed
KARACHI, June 5: The Pakistan Association of Automotive Parts & Accessories Manufacturers Chairman M. Aslam Malik has said that the Paapam is ready to assist the government to set up an...
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Base oil price up byRs8/litre
ISLAMABAD, June 5: Oil refineries again escalated prices of base oil by Rs8 per litre on Thursday....
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Extension of CGT exemption hailed
KARACHI, June 5: The Overseas Investors Chamber of Commerce and Industry (OICCI) said here on Thursday that the government’s initiative of involving stakeholders, prior to taking any policy decision, would bring stability back to the stock market besides raising investor confidence....
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Gold slips to 3-week low
LONDON, June 5: Gold slips to a three-week low on Thursday as the dollar reached its strongest level in three weeks against the euro and a three-month high against the yen....
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Asian stocks close mixed as oil falls
HONG KONG, June 5: Asian stocks close mixed on Thursday as lower oil prices boosted sentiment but worries about inflation lingered, with the Malaysian bourse diving 2.4...
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Palm oil prices up
KUALA LUMPUR, June 5: Malaysian crude palm oil futures jumped 2.6 per cent on Thursday as vegetable oil markets rose and the ringgit weakened against the dollar....
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Karachi market rates
KARACHI, June 5: The following were Thursday commodity market rates in rupees....
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