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| May 26, 2006 | Friday | Rabi-us-Sani 27, 1427 |
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PR offers 50pc cut in cargo freight
PESHAWAR, May 25: Federal Minister for Railways Sheikh Rashid Ahmad has announced 50 per cent discount in freight of cargo trains to facilitate the business community.... 
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Withdrawal of GST on farm inputs proposed: 50pc rebate on power charges to tube-wells
ISLAMABAD, May 25: The ministry of food, agriculture and livestock (Minfal) has proposed withdrawal of general sales tax (GST) on agricultural inputs and a 50 per cent rebate on electricity charges to farm tube-wells in the next federal budget....
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City govt fails to control milk price
KARACHI, May 25: The city government has virtually failed to come up with any plan to rescue consumers, who have been paying for the last two months Rs2 and Rs4 more to buy fresh milk and yogurt, respectively....
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Engagement of consultants suggested: New company law
ISLAMABAD, May 25: The Corporate Law Review Commission (CLRC) has recommended to the Securities and Exchange Commission of Pakistan (SECP) to engage consultants for drafting a new company law....
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Profit-selling in blue chips pushes index down
KARACHI, May 25: Share values on the stock market on Thursday again ran into profit-selling as leading investors were not inclined to hold long positions in view of the budget uncertainties and the absence of strong financial support....
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Dullness prevails on cotton market
KARACHI, May 25: Cotton market on Thursday lacked normal trading interest as spinners adhered to the sidelines after ginners further raised their asking prices in the backdrop of falling unsold stocks....
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Shipping policy to be announced in budget
KARACHI, May 25: Minister for Ports and Shipping Babar Khan Ghauri said on Thursday that the new shipping policy based on recommendations given by stakeholders would be announced in the upcoming budget....
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Pakistan, Iran plan investment company
ISLAMABAD, May 25: Pakistan and Iran on Thursday decided to establish a joint investment company to be based in Karachi, with a capital of $25 million to promote trade and economic relations between the two countries....
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$25m IFC loan for Pakistan, Egypt
ISLAMABAD, May 25: The International Finance Corporation, the private sector arm of the World Bank, has signed a $25 million financing package for Rally Energy...
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Energy consumption on rise
LAHORE, May 25: Energy consumption in Pakistan is likely to touch 150 million tons oil equivalent (mtoe) by 2020, while the net supply from indigenous sources would be 103mtoe....
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Export of 2 zero-rated sectors declines
ISLAMABAD, May 25: Exports of two out of five zero-rated sectors declined during the first 10 months of the current fiscal year over the last year....
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‘Smuggling hurting industry’
KARACHI, May 25: The government should adopt special measures to check smuggling and under-invoicing which were adversely affecting the domestic industry, Iftikhar Ali Malik, co-chairman of the Pak-America Business Council, said....
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Oil rises as supply issues persist
LONDON, May 25: World oil price extended gains on Thursday as the market was caught between conflicting supply issues. New York’s main contract, light sweet crude for delivery in July, rose 54 cents to $70.40...
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Dollar wilts on US GDP growth data
LONDON, May 25: The dollar drifted lower against the euro here on Thursday following growth data from the United States that analysts said could prompt the Federal Reserve to ease the pace of its interest rate hikes....
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Pakistan to roll out WiMax network
NEW YORK, May 25: Pakistan plans to roll out the largest mobile (wireless) WiMax network, Motorola has announced. Until now Pakistan lacked the infrastructure for widespread broadband....
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Canola oil consumption growing
SINGAPORE, May 25: Asian buyers of canola, a cooking oil in strong demand as eating for health becomes a regional trend, are jittery about Australian supplies because of the return of drought, traders say....
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Training
ISLAMABAD, May 25: The textile skills development board on Thursday finalised machine operators skill development programme for the garment sector....
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Malaysian palm oil ends flat
KUALA LUMPUR, May 25: Malaysian crude palm oil futures ended almost unchanged on Thursday, after late profit-taking erased earlier gains that were fuelled by better-than-expected export numbers....
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European stocks up
LONDON, May 25: European stock markets gained slightly on Thursday trading after diving lower the previous day over concerns that creeping inflation would lead to higher interest rates....
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Gold rises after sharp dip in US
LONDON, May 25: Gold drifted higher on Thursday after tumbling in US trade, with bargain-hunters and physical buyers slowly entering the market on dollar weakness, dealers said....
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Port Qasim
KARACHI, May 25: Two ships carrying containers were berthed at QICT during the last 24 hours, said a PQA press release on Thursday....
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Karachi Port operations
KARACHI, May 25: Four ships carrying sulphur, chemicals and machinery are due to arrive at the outer anchorage on Friday, according to KPT sources....
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