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| June 15, 2007 | Friday | Jamadi-ul-Awwal 29, 1428 |
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Record Rs150bn ADP for Punjab
LAHORE, June 14: The Punjab government has set aside a record Rs150 billion for the Annual Development Plan (ADP) for the year 2007-08, which is 50 per cent more than the current year''s Rs100 billion.... 
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Banks raise lending rates on inflation
KARACHI, June 14: Banks have started raising the lending rates just after the announcement of budget 2007-08, holding the inflation and rising trends in mark-up rates responsible for the sudden interest rate increase....
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Rs230 billion Sindh budget today
KARACHI, June 14: The Senior Sindh Minister, Syed Sardar Ahmad, is presenting a Rs225 to Rs230 billion budget of his province on Friday afternoon on the floor of the Sindh Assembly....
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SECP given suo motu powers for investigation
ISLAMABAD, June 14: The government has extended suo motu powers to Securities and Exchange Commission of Pakistan to conduct investigation of an offence and barred initiations of any proceeding against the commission or its staff....
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Generator market facing shortage as demand rises
KARACHI, June 14: The generator market is facing shortage of generating units as importers have stopped clearance of units from the port at a time when demand has surged to record...
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No plan to devalue rupee, says adviser
ISLAMABAD, June 14: The government has no plan to devalue Pakistani currency and is finalising a "new strategy" to enhance exports, says Prime Minister''s Adviser on Finance Dr Salman Shah....
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Stocks fail to sustain gains on late selling
KARACHI, June 14: The KSE 100-share index on Thursday briefly breached through the barrier of 13,500 points on early strong follow-up support but failed to sustain it owing to selling in some of the pivotals at the fag-end of the session....
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Oil prices rally beyond $71-level
LONDON, June 14: World oil prices soared on Thursday, breaching $71 in London, after data showed no increase in US gasoline stockpiles last week as the peak driving season in North America begins....
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Dollar gains
LONDON, June 14: The dollar was stronger on Thursday against most major currencies, and hit multi-year highs against the yen before mixed US data provoked some selling here, dealers said....
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Govt blamed for raise in edible oil, ghee prices
ISLAMABAD, June 14: The Pakistan Vanaspati Manufacturers Association (PVMA) has blamed the government for unprecedented increase in the price of vegetable ghee and cooking oil during the last seven months....
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Trading picks up on cotton market
KARACHI, June 14: The trading activity on the cotton market on Thursday modestly picked up as some of the spinners resumed their covering operations....
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Karachi Port operations
KARACHI, June 14: Eight ships including two car carriers with 1,595 cars are due to arrive at the outer anchorage on Friday, according to KPT sources....
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Plan to upgrade PCSIR labs
ISLAMABAD, June 14: The government plans to develop local technology to increase the pace of import substitution and promote exports....
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ZTBL launches new deposit schemes
ISLAMABAD, June 14: The Zarai Taraqiati Bank Ltd (ZTBL) has launched its two deposit mobilisation schemes, namely ‘Zarai Bachat Account” and “Zarai Term Deposit Certificates" to facilitate its clientele and provide free of cost ancillary financial services....
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Imported cars
KARACHI, June 14: Prices of imported cars will not be significantly reduced even if they are assembled locally, said the president and CEO of DaimlerChrysler Middle East Nicholas Speeks while giving...
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BD tea prices fall
CHITTAGONG, June 14: The average price of Bangladesh teas fell 5.95 per cent to 86.24 taka ($1.25) per kg on higher demands at a delayed weekly auction on Thursday, brokers said....
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SCB’s Islamic banking brand
KARACHI, June 14: Standard Chartered Bank (SCB) launched its global Islamic banking brand ‘Saadiq’ at a ceremony here on Thursday, says a press release....
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Asian stocks sharply up
HONG KONG, June 14: Asian stocks closed sharply higher on Thursday after an overnight rally on Wall Street, fuelled by easing fears over rising US interest rates and the release of solid economic data....
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European stocks higher
LONDON, June 14: Europe''s main stock markets extended gains on Thursday as Wall Street recovered strongly overnight after a recent slump....
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Malaysian palm oil prices
KUALA LUMPUR, June 14: Malaysian crude palm oil futures edged 0.8 per cent higher on Thursday as strong buying after sharp decline supported the market....
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