| 12 August 2004 | Thursday | 25 Jamadi-us-Saani 1425 |
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LPG price touches new peak
KARACHI, Aug 11: Price of liquefied petroleum gas (LPG) has touched a new peak of Rs39-40 per kg from Rs38 per kg on August 2. From the first week of July till today ... 
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Exports decline 15.68pc in July: Primary commodities
ISLAMABAD, Aug 11: Exports of primary commodities declined by 15.68 per cent during the first month of the current fiscal year of 2004-05 over the same month of the last year. ...
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No new licences for commercial banks
FAISALABAD, Aug 11: No new license will be issued for commercial banks except Islamic banking in Pakistan, said Dr. Ishrat Hussain, Governor State Bank. Addressing a function in Faisalabad Dry Port (FDP) here on Wednesday ...
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Duty drawback rates lowered
ISLAMABAD, Aug 11: The Central Board of Revenue (CBR) has scaled down the rate of duty drawback on export of leather products. According to the customs notification issued on Wednesday, the new rate will be effective from August 11, 2004. ...
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State Bank to keep dollar below Rs59
KARACHI, Aug 11: The State Bank seems set to keep the dollar below Rs59 and continues to make interventions for this purpose. The central bank on Wednesday sold more dollars into the inter-bank market but the amount could not be ascertained. ...
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SME sector's expansion plan under way
ISLAMABAD, Aug 11: The Ministry of Industries and Production will submit to the President its proposal for mandatory disbursement of funds by the banks and DFIs to the Small and Medium Enterprises (SMEs). ...
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Sindh govt, NBP sign deal for housing finance
KARACHI, Aug 11: Sindh Finance Minister Syed Sardar Ahmed said on Wednesday that the provincial government would provide land to the government employees at concessional prices to build their houses. ...
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PICIC Bank declares dividend
KARACHI, Aug 11: PICIC Commercial Bank has posted a record pre-tax profit of Rs556 million for the first half ended June 30, 2004, showing a rise of about 70 per cent over the same period last year. ...
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Prices ease as S. Arabia set to boost oil output
LONDON, Aug 11: World oil prices gave up initial gains to slide in volatile trading on Wednesday after oil kingpin Saudi Arabia said it was ready to "immediately" increase oil output by 1.3 million barrels per day. ...
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Sri Lanka asked to facilitate rice imports
KARACHI, Aug 11: Rice exporters have asked the Sri Lankan government to remove the condition of permit requirement and also abolish duty on import of basmati rice. ...
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Active buying on cotton market
KARACHI, Aug 11: Active trading was again witnessed on the cotton market on Wednesday as spinners and mills were not inclined to take even a technical breather and cornered fresh float from the ginners. ...
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Buying at dips helps index avert major fall
KARACHI, Aug 11: Stocks on Wednesday failed to extend the last two sessions' run-up as investors shed their extra load in the cement and fertilizer sectors but major fall was averted thanks to the presence of support at the dips. ...
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