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| June 13, 2006 | Tuesday | Jumadi-ul-Awwal 16, 1427 |
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No let-up in prices of pulses, sugar
KARACHI, June 12: The government’s claim of a fall in prices of pulses and sugar by 10-20 per cent after the budget has proved unrealistic, as retailers continue charging the pre-budget rate owing to no change in wholesale rates.... 
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Traders stop importing black channa
KARACHI, June 12: Importers have stopped placing fresh orders for import of gram (black channa) following a sudden surge in prices owing to the entry of Indian importers in the world market in a big way....
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Inflation rises by 7.95pc in 11 months
ISLAMABAD, June 12: Inflation measured by the Consumer Price Index (CPI) rose by 7.95 per cent during 11 months (July-May) of the current fiscal year, over the corresponding period last year...
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Monetary factors pushed inflation up: IMF study
WASHINGTON, June 12: Pakistan’s monetary policies played a ‘decisive’ role in driving up inflation in the country during 2004 and 2005, says an IMF country report released on Monday....
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Banknotes to have new design, features
KARACHI, June 12: The State Bank of Pakistan during the next fiscal year will issue newly-designed currency notes of all denominations with high-tech security features. These new security features will not...
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Trade deal with EU
LUXEMBOURG, June 12: Iraq''s new government plans to start immediately negotiating a trade and cooperation deal with the EU, its foreign minister said on Monday hailing a “new chapter” in ties with the bloc....
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500,960 tons of sugar imported in 4 months
ISLAMABAD, June 12: Pakistan imported 500,960 tons of sugar, mostly from India, during four months (January-April) of this year to stabilise sugar prices which touched a record level of Rs45 per kg....
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Oil prices fall as storm fears recede
LONDON, June 12: World oil prices dropped on Monday, reversing earlier gains, as the first tropical storm of the 2006 -- Atlantic Hurricane season, Alberto -- appeared on course to avoid US energy installations in the Gulf of Mexico, analysts said....
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SBP reduces rates for CIB report
KARACHI, June 12: The State Bank of Pakistan on Monday reduced the Credit Information Bureau (CIB) report charges in view of its enhanced scope, effective from July 1, 2006.The...
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Index sheds 116 points amid record low turnover
KARACHI, June 12: Trading on the stock market on Monday resumed on a terribly insipid note as both leading investors and institutional traders kept to the sidelines apparently assessing the negative...
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Dollar 5-week high
LONDON, June 12: The dollar traded near five-week highs against the euro on Monday after a leading US Federal Reserve official voiced concerns about inflation in the United States....
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Cotton market turns dull on TCP tender
KARACHI, June 12: Trading activity on the cotton market on Monday lacked normal interest as spinners and mills remained busy with the latest TCP tender for 30,000 bales, acceptance or rejection...
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ZTBL flayed for not implementing package
ISLAMABAD, June 12: The standing committee of the National Assembly on food here on Monday expressed its concerns over the inability of the Zari Taraqqiati Bank Ltd (ZTBL) to implement the...
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UK faces risk of winter gas shortages
LONDON, June 12: Britain runs the risk of gas shortages again this winter if the weather is exceptionally cold, and energy prices will stay high despite plans to boost imports, investment bank Morgan Stanley said on Monday....
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Karachi Port operations
KARACHI, June 12: Over a dozen ships carrying urea, coal and to load ethanol and naphtha are expected to arrive at the outer anchorage on Tuesday, according to KPT sources....
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Asian stocks close mixed
HONG KONG, June 12: Asian stocks closed mixed on Monday with investors holding their nerve in the wake of steep falls and ahead key economic data due out of the United States....
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Saudi Aramco aims for stable prices
KUALA LUMPUR, June 12: Saudi Aramco, the world''s single largest producer of crude oil, pledged Monday build up output and maintain a production surplus going forward so as to ensure stability in oil prices....
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European stocks lower
LONDON, June 12: European shares fell on Monday following last week''s sharp global stock market downturn, analysts said. In European trading on Monday, London''s FTSE 100 index of leading shares fell by an additional 0.50...
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