| 10 August 2004 | Tuesday | 23 Jamadi-us-Saani 1425 |
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Inflation, deposit rate gap widens
KARACHI, Aug 9: People continue to get negative real rate of return on bank deposits. But banks have lately started paying higher rates of return on fresh deposits. ... 
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Shujaat for consistency in policies: National economy
ISLAMABAD, Aug 9: Prime Minister Ch Shujaat Hussain on Monday said the governments of the future would be judged on the basis of their performance, particularly their economic achievements. ...
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Exporters seek amendment in draft: EU rice regime
ISLAMABAD, Aug 9: Major rice exporters have urged the government to ask for early amendments in the draft European Union (EU) rice regulation regime for maintaining two lists separating the varieties of rice on the basis of origin. ...
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LPG price hike due to lower output
KARACHI, Aug 9: LPG distributors have attributed the 35 per cent increase in gas prices to lower production in refineries, rise in import cost, stoppage in supplies from a big oilfield and shutdowns in some refineries ...
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Govt yet to pass on impact to masses: Rising oil prices
KARACHI, Aug 9: Politics more than economics is possibly restraining the government to pass on the impact of record rise in international oil prices to the general public. ...
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Parco rolls over $100m swap maturity
KARACHI, Aug 9: Pak-Arab Refinery Co. has rolled over a $100 million swap maturity due August by three months after consultations with the central bank due to the current pressure on the domestic currency, a source told Dow Jones Newswires on Monday. ...
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Minimum value addition lowered
ISLAMABAD, Aug 9: The Central Board of Revenue has reduced the minimum value addition to 10 per cent from 15 per cent for the levy of sales tax on purchases of retailers. ...
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4 parties awarded wheat tender
KARACHI, Aug 9: The Purchase and Price Evaluation Committee of the Trading Corporation of Pakistan has decided to award a quantity of 484,000 tons of wheat to four parties at an average price of $210 per ton of C&F Karachi. ...
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Fauji group to bid for PSO, U-fone
ISLAMABAD, Aug 9: A powerful industrial group plans to diversify into oil and telecommunications to expand its revenue base and become Pakistan's top conglomerate, an executive said. ...
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Oil prices rise by more than one dollar
LONDON, Aug 9: World oil prices soared to fresh record high levels on Monday on heightened worries about supply after major producer Iraq stopped pumping crude in the south. ...
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Ginners increase asking prices
KARACHI, Aug 9: The cotton market on Monday rallied back from the weekend lower levels as ginners raised their asking prices followed by the interruption of new crop because of fresh wave of monsoon in the entire cotton belt. ...
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KSE 100-share index posts fresh rise of 20.44 points
KARACHI, Aug 9: Stocks on Monday extended the weekend rally on active follow-up support on the oversold counters aided by reports of higher earnings. KSE 100-share index posted a fresh rise of 20.44 points at 5363.96. ...
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