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| April 04, 2007 | Wednesday | Rabi-ul-Awwal 15, 1428 |
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SECP clears stock brokers: March 2005 crash
ISLAMABAD, April 3: The Securities and Exchange Commission of Pakistan (SECP) on Tuesday cleared 56 of the 69 stock brokers who were served notices following stock market crash of March 2005.... 
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Top three banks hired to sell $1bn Eurobonds
KARACHI, April 3: The government has nominated three top foreign banks to sell its Eurobonds by the end of the current fiscal year, Dawn has learnt....
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Banks taxing customers illegally on withdrawals
KARACHI, April 3: The State Bank has detected a malpractice that banks are wrongfully taxing their customers on withdrawal of cash, and asked all banks to stop this practice immediately....
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234,000 tons of ethanol exports likely in ’07
KARACHI, April 3: Rising oil prices in the international market are encouraging distilleries to convert larger volumes of molasses into ethanol which equally gets higher prices....
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Low prices causing loss to onion growers
KARACHI, April 3: Onion growers have been suffering huge losses these days as they are fetching just Rs160-170 per 40 kg for their produce as compared to Rs600-700 two months back....
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India promises liberal visa, duty-free trade
NEW DELHI, April 3: In a significant move to promote regional inter-connectivity, India on Tuesday announced unilateral liberalisation of visas and duty free access to the country before the end of 2007 to South Asian LDCs....
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Tax compliance very poor: CBR
LAHORE, April 3: Only 30,000 retailers and wholesalers have filed sales tax returns and deposited Rs101 million this year as compared to 34,000 returns received by the Central Board of Revenue (CBR) with total tax amount of Rs112 million last year....
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Oil prices tumble
LONDON, April 3: World oil prices tumbled on Tuesday as major crude producer Iran signalled that progress had been made to end its standoff with Britain over the capture of 15 British sailors....
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Stocks stage comeback after probe relaxation
KARACHI, April 3: Share market on Tuesday staged a smart snap rally as leading scrips recovered across-the-board on strong buying by both the financial institutions and the foreign investors aided by...
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Ogra cuts LPG base stock price by 3.8pc
ISLAMABAD, April 3: The Oil and Gas Regulatory Authority (Ogra) on Tuesday fixed the maximum base stock price of liquefied petroleum gas (LPG) at Rs30,716, down by about 3.8...
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Minor gain in exports to Colombo after FTA
KARACHI, April 3: While Sri Lanka has pushed up its exports by more than 61pc to Pakistan after signing Free Trade Agreement (FTA), Pakistan’s gain in exports to Sri Lanka is...
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Cotton market stays lifeless
KARACHI, April 3: Cotton market on Tuesday passed through another dull trading session as spinners kept to the sidelines apparently to have an overview of the local supplies and their annual consumption needs....
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Workshops on private sector development planned
LAHORE, April 3: The Punjab government is launching a series of consultative workshops from the third week of this month as part of its programme to draw up a Private Sector...
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Karachi Port operations
KARACHI, April 3: Eight ships carrying steel, chemical and to load naphtha are due to arrive at the outer anchorage on Wednesday, according to KPT sources....
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Cancellation of oil tender
NEW YORK, April 3: Venezuela''s state-owned oil company, PDVSA, is expected to cancel its fuel oil sell tender and re-tender the 2 million barrel cargo with a different destination restriction, traders said on Tuesday.“They...
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Palm oil prices higher
KUALA LUMPUR, April 3: Malaysia''s crude palm oil futures ended 1.2 per cent higher on Tuesday to new eight-year highs, boosted by strong gains in the soybean oil market....
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Asian stocks up
HONG KONG, April 3: Asian stocks closed sharply higher on Tuesday as many benchmarks headed back towards historical highs with bargain hunters emerging after mild gains were made on Wall Street overnight....
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European stocks rise
LONDON, April 3: Europe''s major stock markets rallied on Tuesday, with Frankfurt''s DAX breaching 7,000 points, as energy share prices spiked and following overnight gains on Wall Street, dealers said....
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