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| February 03, 2007 | Saturday | Muharram 14, 1428 |
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Ogra raises LPG base stock price by 12pc
ISLAMABAD, Feb 2: The Oil and Gas Regulatory Authority (Ogra) on Friday increased by more than 12 per cent the maximum base stock price of liquefied petroleum gas (LPG) to Rs33,365... 
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17 blocks to be opened for oil, gas exploration
ISLAMABAD, Feb 2: Federal Minister for Petroleum and Natural Resources Amanullah Khan Jadoon has said that the government is opening 17 new blocks for oil and gas exploration in onshore and offshore areas....
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Loan swapping to save Rs500m for spinners
KARACHI, Feb 2: The financial impact of swapping of expensive bank loans with relatively less expensive under Long Term Financing for Export Oriented Units (LFT-EOI) obtained by the spinners for import...
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Lord Mayor of London to lead trade team
LONDON, Feb 2: The Mayor of the City of London, John Stuttard, arrives in Karachi on Tuesday at the head of a business delegation to strengthen business links with Pakistan....
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Vision-2030 calls for steps to boost industrial exports
ISLAMABAD, Feb 2: The manufacturing and industrial sector of Pakistan is suffering from various structural problems, resulting in slow growth rate of output and exports, low level of investment and high concentration of the manufacturing industries....
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Slide in world prices hits wheat export plan
LAHORE, Feb 2: The government plan to export 500,000 tons of wheat has hit snags as its price in the international market slides down to $220 per tons, rendering wheat from Pakistan uncompetitive....
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Oil prices rise as Opec output cut takes effect
LONDON, Feb 2: Oil prices rose on Friday as Opec’s planned February production cut took effect and the market looked to cold winter weather in the United States, dealers said....
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Meeting to discuss widening of tax base
KARACHI, Feb 2: The government is seeking suggestions for expanding tax base and also improve tax-GDP ratio which is lowest in the region....
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KSE 100-share index crosses 11,500-point level
KARACHI, Feb 2: The KSE 100-share on Friday confidently breached through the barrier of 11,500 points and analysts predict the next target of 12,000 points now may not be an elusive goal as was reflected by a record volume figure....
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Gas cartel
PARIS, Feb 2: The International Energy Agency warned on Friday that an Opec-style gas cartel, an idea raised this week by Russian President Vladimir Putin, would reduce demand and hurt producers....
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US job creation
WASHINGTON, Feb 2: US employers added 111,000 jobs in January, the government said on Friday in a report suggesting the world’s biggest economy kept positive momentum going into early 2007....
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Prices ease on cotton market
KARACHI, Feb 2: Cotton prices on Friday eased modestly from the current higher levels as some of the ginners appear to be in bit haste to clear the backlog of inferior stuff....
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US takes China to WTO over illegal subsidies
WASHINGTON, Feb 2: The US government on Friday signalled a sharp escalation in its trade frictions with China by filing a WTO action against the fast-growing Asian economy over “illegal” industrial subsidies....
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Karachi Port operations
KARACHI, Feb 2: Six ships carrying crude oil and containers are due to arrive at the outer anchorage on Saturday, according to KPT sources....
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Port Qasim
KARACHI, Feb 2: Modest shipping activity was witnessed at the port where three ships to load and unload containers, and furnace oil were accommodated on berths at QICT, and Fotco oil...
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New computer system launched in CBR
ISLAMABAD, Feb 2: The Central Board of Revenue (CBR) on Friday launched eDox — electronic correspondence management system — as part of reforms of the tax administration....
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Financial leasing business
BEIJING, Feb 2: China will allow commercial banks to again carry out financial leasing, a business they were required to withdraw from in 1997, state media reported on Friday, citing the industry regulator....
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Rating
KARACHI, Feb 2: JCR-VIS Credit Rating Company Limited has assigned a medium to long term entity rating of ‘A’ (Single A) with a ‘Stable’ outlook to Arif Habib Rupali Bank Limited (AHRB)....
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Asian stocks up
HONG KONG, Feb 2: Asian stocks closed mostly higher on Friday, buoyed by a record finish on Wall Street and the release of robust US consumer spending data, but gains in some markets were capped after another sharp fall in Shanghai....
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Gold closes lower
LONDON, Feb 2: Gold failed to sustain the previous day''s rally on Friday as investors took profits ahead of a US payrolls report that may affect the dollar and set the metal''s direction, dealers said....
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European shares higher
LONDON, Feb 2: Leading European stock markets climbed on Friday after a record overnight session on Wall Street, with German power producer E.ON soaring after Gas Natural of Spain pulled away from its bid for Endesa....
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Palm oil
JAKARTA, Feb 2: Indonesian palm oil prices were slightly higher on Friday, but trading was slow ahead of the weekend and floods in Jakarta affected trading activities of some cooking oil producers....
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