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| September 01, 2006 | Friday | Sha'aban 7, 1427 |
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Hubco may face hostile takeover bid
KARACHI, Aug 31: The threat of a hostile takeover bid for Hub Power Company Limited (Hubco) — the largest private independent power plant (IPP) in Pakistan — seems all too real.... 
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Sea freight to Europe up by 18pc
KARACHI, Aug 31: Member shipping companies of India, Pakistan, Bangladesh and Ceylon Conference (IPBCC) Lines have enhanced their freight charges by 18 per cent for containerised cargo destined for European countries....
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Prices of vegetables, flour, ghee, pulses surge: Three weeks to Ramazan
KARACHI, Aug 31: With hardly three weeks ahead of Ramazan prices of some essential items like flour varieties, onion, gram pulse, tomato, kabuli chana, black gram, tea, and branded ghee etc have surged....
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Tuwairqi Steel to import machinery worth $85m
KARACHI, Aug 31: Desperate to show that their main stakes are in the setting up of a new steel project at an investment of $350 million rather than in the controversial...
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Revenue collection up 17pc in July-Aug
ISLAMABAD, Aug 31: The Central Board of Revenue (CBR) collected Rs93.1 billion revenue during the first two months (July-August) of the current fiscal year as against Rs79.5...
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Stocks cut losses on late short-covering
KARACHI, Aug 31: Stocks on Thursday failed to extend the overnight run-up as investors played on both sides of market and remained unsettled amid a judicious blend of positive and negative news....
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Preferential trade with Iran goes effective
ISLAMABAD, Aug 31: Pakistan on Thursday notified reduction in customs duty on 463 items to be imported from Iran under the preferential trade Agreement (PTA) effective from September 1, 2006....
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SECP extends phaseout of CFS till December
KARACHI, Aug 31: The Securities and Exchange Commission of Pakistan (SECP) announced on Thursday that the date of Continuous Funding System (CFS) phase out was extended till December 31, 2006....
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Refinance rate unchanged
KARACHI, Aug 31: The State Bank on Thursday said rate of refinance under the export finance scheme for September will be same i.e. 6.5pc per annum as was applicable in August 2006....
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Eurozone inflation
FRANKFURT, Aug 31: The European Central Bank on Thursday revised upwards its forecasts for inflation in the 12-country eurozone in both 2006 and 2007 to 2.4...
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NWFP misses farm tax collection target
From A Correspondent...
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Trading picking up on cotton market
KARACHI, Aug 31: Physical activity on the cotton market on Thursday gathered a fresh momentum as spinners and mills continued to make fresh commitments amid reports of a short crop....
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Karachi Port operations
KARACHI, Aug 31: Berthing activity at the wharves on Thursday was maintained on the higher side as the port agencies tried to clear the inward rush of foreign flag vessels....
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Port Qasim
KARACHI, Aug 31: Five ships to load and offload containers, furnace oil, wheat and chemicals were accommodated berths during the last 24 hours, said a PQA press release on Thursday....
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Tax guide centre
ISLAMABAD, Aug 31: Chairman Central Board of Revenue (CBR) Abdullah Yousuf will inaugurate a newly established tax facilitation centre (TFC) in Karachi on Friday. An official announcement issued here on...
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Economic model
GENEVA, Aug 31: The UN’s trade and development agency on Thursday called on poor nations to be more interventionist and to strengthen their national economies in a similar manner to China....
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CBR amends income tax rules
ISLAMABAD, Aug 31: The Central Board of Revenue has amended the income tax rules to delegate powers to the regional commissioners of income tax (RCITs) in relaxing conditions or approval for granting exemption from income tax to non-profit organisations....
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European stock markets lower
LONDON, Aug 31:European stock markets weakened on Thursday, despite gains by Wall Street and in Asia owing to evidence that the US economy is stronger than expected, dealers said....
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Asian stocks higher
HONG KONG, Aug 31: Asian stocks rallied to a higher close on Thursday after US data pointed to stronger than initially thought economic growth in the world''s largest economy....
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Indian rupee weaken
MUMBAI, Aug 31: The Indian rupee weakened on Thursday tracking the fall in Asian currencies, especially the yen, against the US dollar. Traders said dollar buying by state-run banks on behalf...
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