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| July 21, 2006 | Friday | Jumadi-ul-Sani 24, 1427 |
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Food prices up by 4.2pc in June: SBP issues data
KARACHI, July 20: Inflation in both consumer and wholesale price indices has been on the rise since April 2006, while the food inflation showed a sharp rise during the last three months.... 
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Indian participation in Karachi fair doubtful
KARACHI, July 20: The post-Mumbai blast political scenario in South Asia is not too bright. The environment of cordial relationship between two South Asian neighbours -- India and Pakistan -- has...
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PC receives Rs156m highest bid for LTM
ISLAMABAD, July 20: The Privatisation Commission on Thursday received the highest bid of Rs156 million from Rais Ahmed of Karachi for the sale of assets, plant, machinery and equipment of Lasbela Textile Mills (LTM)....
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Economic growth provides little for poorest: UN GENEVA, July 20: Snowballing urbanisation and economic growth in the world''s poorest nations are creating too few opportunities for their citizens, leaving them vulnerable in the face of competitive and increasingly open world markets, a UN study warned on Thursday.The...
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Volume figure soars amid mixed trend
KARACHI, July 20: Stocks on Thursday remained unsettled throughout the session, as investors’ search for a positive direction proved an elusive goal amid tax rumours of share transfers in the Central Depository Company followed by snap selling....
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Prices ease on cotton market
KARACHI, July 20: Cotton prices on Thursday eased from the recent higher levels as ginners were not inclined to hold on to their new crop stocks followed by reports of steady arrivals of phutti amid fears of further slashing....
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Sindh govt advised to sell wheat at Rs430
ISLAMABAD, July 20: The federal government has proposed to Sindh to sell its wheat stocks at Rs430 per 40 kg, which analysts fear is very high and may push up flour prices in the province....
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China to enhance investment
ISLAMABAD, July 20: New avenues of cooperation are being explored between Pakistan and China to enhance investment in various sectors of economy, particularly in engineering and manufacturing....
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Oil prices hover above $70
LONDON, July 20: Oil prices steadied on Thursday as the market tracked events in the troubled Middle East and digested US energy data following three days of losses for crude futures....
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Payouts for funds declared
KARACHI, July 20: Atlas Asset Management Limited (AAML) announced payouts for its two open and closed end mutual funds for the year ending June 30, 2006....
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Fed chief warns of oil spike fallouts
WASHINGTON, July 20: Federal Reserve chairman Ben Bernanke warned on Thursday of “significant consequences” for the US economy if oil prices surge an extra $10 to $15....
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BPC suffers $550m loss
CHITTAGONG, July 20: Bangladesh’s lone state-owned oil distribution company incurred a loss of around $550m last fiscal year due to spiralling world oil prices, an official said on Thursday....
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Jobless claims
WASHINGTON, July 20: The number of Americans filing first-time claims for unemployment benefits dropped by a bigger-than-expected 30,000 to 304,000 in the latest week, the Labour Department said on Thursday....
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US economic indicator rise
WASHINGTON, July 20: The forward-looking index of leading US economic indicators rose 0.1pc in June, following two straight declines, the Conference Board said on Thursday....
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Profit rates
KARACHI, July 20: The Zarai Taraqiati Bank Limited (ZTBL) announced the rate of profit per annum on PLS saving and term deposit accounts for the half year January-June, 2006....
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Varig sold out
RIO DE JANEIRO, July 20: A group of US-Brazilian investors on Thursday bought bankrupt Brazilian airline Varig for a knockdown $24 million ending weeks of uncertainty about the carrier....
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Palm oil futures
KUALA LUMPUR, July 20: Malaysian crude palm oil futures ended sharply higher on Thursday, fuelled by a decision by the world''s top palm producers -- Malaysia and Indonesia -- to set aside 40 per cent of their annual output for biodiesel....
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European stocks up
LONDON, July 20: European stock markets rose on Thursday because investors were reassured by signs that a cycle of rising US interest rates might be flattening out, dealers said....
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Port Qasim
KARACHI, July 20: Brisk shipping activity was observed at the port where five ships scheduled to load and offload containers, canola seeds, sugar and furnace oil were berthed at QICT, MPT...
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Karachi Port operations
KARACHI, July 20: Four ships, including a car carrier with 300 units, are expected to arrive at the outer anchorage on Friday, according to KPT sources....
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