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| June 07, 2008 | Saturday | Jamadi-us-Sani 02, 1429 |
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Oil crosses $137 for first time
NEW YORK, June 6: Crude oil crossed $137 a barrel Friday for the first time in New York and London trade, jumping more than $9 as the market reacted to a sharp decline in the dollar.... 
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Punjab to cut next ADP to Rs130bn
LAHORE, June 6: The Punjab government plans to “rationalise” its annual development plan (ADP) for the next fiscal year by cutting it down to around Rs130 billion from the original estimate...
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Sales tax on life-saving drugs to go,Senate told
ISLAMABAD, June 6: The Senate was informed on Friday that sales tax on life-saving drugs would be abolished....
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Cement executives fail to appear before CCP
ISLAMABAD, June 6: The Competition Commission of Pakistan (CCP) on Friday expressed its displeasure over absence of three executives of the cement industry from its hearing on Thursday....
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Rice cartels pocket Rs200 billion
KARACHI, June 6: Rice cartels bagged about Rs200 billion in a price game that pushed the rates high up to 300 per cent in a short period of six months....
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Dollar lower on dismal US job data
LONDON, June 6: The dollar was driven lower on Friday on dismal US labour market news that raised fresh concerns about the health of the world’s largest economy and dampened prospects for a hike in US interest rates....
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Mill-owners to face jail for non-payment: Sugarcane dues
KARACHI, June 6: The Sindh Cane Commissioner has initiated legal proceedings against sugar mills for non-payment of sugarcane dues to growers which run into billions....
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Pact signed to establish standards for CFLs
RAWALPINDI, June 6: The world’s three largest lighting companies, Philips, Osram and General Electric, on Friday signed a pact to establish standards for compact fluorescent lamps (CFLs) in an effort to rid the Asian market of substandard energy-saving lights....
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US team trains SECP staff
ISLAMABAD, June 6: A team of Securities and Exchange Commission of United States completed a three-day training of their Pakistani counterparts here on Friday on how to conduct investigation and prosecution of securities fraud....
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PSO to import petrol for June-July
KARACHI, June 6: After a gap of five months, the Pakistan State Oil has sought to import petrol for the June-July period....
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Weekly inflation shoots up by 26.16pc
ISLAMABAD, June 6: The weekly inflation increased by 26.16 per cent during the week ended on June 5 on the back of rising food and oil prices over the corresponding week of last year....
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KSE 100-share index gains 80.57 points
KARACHI, June 6: Stocks finished the weekend session on a mixed note as investors played on both sides of the fence, but took fresh positions on those counters which are expected...
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Prices stay firm on cotton market
KARACHI, June 6: The cotton market on Friday maintained firm trend as leading ginners were not inclined to lower their asking prices below Rs4,000 per maund as their remaining unsold stock could be disposed of within no time....
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Karachi Port operations
KARACHI, June 6: Fiver ships carrying containers and to load ethanol and naphtha are due to arrive at the outer anchorage on Saturday, according to KPT sources....
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Port Qasim
KARACHI, June 6: Three ships scheduled to load/offload containers and diesel oil were accommodated berths during the last 24 hours, said a PQA press release on Friday....
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R&D support sought
KARACHI, June 6: The Pakistan Leather Garment Manufacturers and Exporters Association (Plgmea) has urged the government to allow research and development (R&D) support to the industry....
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PHMA seeks abolition of 35pc LC margin
SIALKOT, June 6: The Pakistan Hosiery Manufacturers Association (PHMA) has urged the government to abolish the recently levied 35 per cent margin of mark-up on opening LCs by importers....
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PHMA pleads for extension in R&D
FAISALABAD, June 6: The Pakistan Hosiery Manufacturers Association (PHMA) has warned that withdrawal of the Research & Development (R&D) support Facility for next fiscal year would lead to the closure of a large number of units in the country....
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Asian stocks close mostly higher
HONG KONG, June 6: Asian stocks closed mostly up on Friday after a strong Wall Street rally lifted investor sentiment and a surge in crude prices boosted oil company shares....
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Gold up
LONDON, June 6: Gold rose on Friday, gathering strength from higher oil prices and a stronger euro against the dollar after the European Central Bank said euro zone rates could rise in July....
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Palm oil prices jump
KUALA LUMPUR, June 6: Malaysian crude palm oil futures jumped almost 3 per cent to hit a one-week high on Friday, lifted by stronger crude prices that gave vegetable oil markets...
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Karachi market rates
KARACHI, June 6: The following were Friday commodity market rates in rupees....
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