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| August 29, 2006 | Tuesday | Sha'aban 4, 1427 |
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Vegetable and fruit prices shoot up: Supplies suspended
KARACHI, Aug 28: The arrival of trucks loaded with vegetables and fruits from Balochistan to Karachi’s wholesale market remained suspended on Monday after the killing of Jambhoori Watan Party chief Akbar Bugti in a military operation on Saturday.... 
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Companies rush to announce results
KARACHI, Aug 28: With only three days remaining for the mandatory period within which quarterly financial results must be announced, companies have made a beeline for holding of meetings of the board of directors and declaration of results....
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Guidelines for livestock loan
KARACHI, Aug 28: The State Bank on Monday issued comprehensive guidelines for banks to provide loans to the livestock, which constitutes 47 per cent of the agriculture sector and 11 per cent of the GDP....
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Textile exports down 7.8pc
ISLAMABAD, Aug 28: The export of textile products declined by 7.80 per cent to $784.273 million during the first month of the fiscal year 2006-07 as against $850.614...
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Import bill up 23.25pc in July
ISLAMABAD, Aug 28: The import bill of petroleum products, food items and vehicles witnessed a hefty growth during the first month of the fiscal year 2006-07 over the same month last year, thus putting pressure on the foreign exchange reserves....
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Rozgar scheme from Sept 5
KARACHI, Aug 28: The government has finally decided to launch the much-awaited “Rozgar Scheme” on September 5, 2006, Dawn has learnt. The scheme was to be launched on August 29 but...
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Stocks recover 292 points despite Balochistan unrest
KARACHI, Aug 28: Stocks on Monday staged a snap rally on strong institutional support in most of the leading base shares, pushing the index higher by 292 points or 3.04...
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Oil sheds over $2 as supply fears ease
LONDON, Aug 28: Oil prices fell by more than $2 a barrel on Monday as concerns eased on Tropical Storm Ernesto’s threat to Gulf of Mexico energy production....
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R&D support notified
KARACHI, Aug 28: The State Bank has issued notification allowing home textiles and cloth manufacturing to avail the research and development (R&D) support. The ministry of textile industry had issued a...
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Takeover
HOUSTON, Aug 28: US pipelines operator Kinder Morgan Inc. (KMI) said on Monday it was being taken over through a management buyout worth $22bn. The deal, which includes $7 billion in...
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Lint prices move up on active buying
KARACHI, Aug 28: Active trading was witnessed on the cotton market on Monday as reports of damage to crop in both the Sindh and the Punjab cotton belts continued to inspire fresh mill buying....
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Gas sale, purchase accord signed
ISLAMABAD, Aug 28: An agreement for the purchase and sale of natural gas from the Zarghun South gas field was executed at a ceremony held here on Monday....
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US seeks China role in reviving WTO talks
BEIJING, Aug 28: US Trade Representative Susan Schwab began her first full day of talks in China on Monday, urging her host to assume a more active role in reviving stalled global trade negotiations, officials said....
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Union Bank profit up
KARACHI, Aug 28: Union Bank posted a 19 per cent increase in profit before tax to Rs1.542 billion for the half year ended June 30, 2006....
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Economic growth discussed
ISLAMABAD, Aug 28: A UN delegation led by Dr Hafiz A. Pasha, assistant secretary general, United Nations, called on Dr Salman Shah, adviser to prime minister on finance and economic affairs, here on Monday....
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Karachi Port operations
KARACHI, Aug 28: Five ships carrying sugar, containers and to load cement are expected to arrive at the outer anchorage on Tuesday, according to KPT sources....
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Insurance business
LAHORE, Aug 28: The Securities and Exchange Commission of Pakistan has granted registration to Alfalah Insurance Company Limited, having an authorised capital of Rs300 million and paid-up capital of Rs230 million, to start underwriting insurance business in Pakistan....
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Asian stocks close lower
HONG KONG, Aug 28: Asian stocks closed mostly lower on Monday, with remarks from US Federal Reserve chairman Ben Bernanke providing no lead on the outlook for the US economy nor...
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ECB set to hold key rates steady
FRANKFURT, Aug 28: The European Central Bank is widely expected to hold its key interest rates steady at its regular monthly policy-setting meeting later this week, after raising them by a...
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Indian rupee firmer
MUMBAI, Aug 28: The Indian rupee ended firmer on Monday, as the euro rose against the dollar ahead of fresh US economic data and dollar sales by exporters and non-resident Indians....
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