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| August 14, 2007 | Tuesday | Rajab 29, 1428 |
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Inflation surges by 6.37pc
ISLAMABAD, Aug 13: Consumer price inflation rose modestly by 6.37 per cent in July over the same month last year owing to tight monetary policy. This would be the lowest increase... 
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Wheat duty report upsets exporters
KARACHI, Aug 13: Exporters of wheat products are in a quandary following reports that the government is planning to impose 30 to 35 per cent regulatory duty on its export....
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SBP allows due diligence of Saudi Pak Bank
KARACHI, Aug 13: The State Bank on Monday allowed due diligence of Saudi Pak Commercial Bank to assess the accounts of the bank and conclude the ongoing negotiations to buy the majority stakes in the bank....
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Engineering sector without regulatory check
ISLAMABAD, Aug 13: The government plans to provide “regulatory mechanism” to the engineering industry to stop large-scale smuggling of electrical goods, including air-conditioners, fans, household appliances, automotive parts and steel products....
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Stocks plunge on foreign selling
KARACHI, Aug 13: Stocks on Monday suffered widespread fall on active selling by leading investors on almost all the counters in the absence of strong support by the institutional traders and bargain-hunters....
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Spinners buy 2,000 tons of Uzbek cotton
LAHORE, Aug 13: Spinners have booked first consignment of 2,000 tons of Uzbek cotton, which will cost them about Rs3,000 per maund (37.32kg). It is expected to arrive at the Karachi Port on August 17-18....
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KESC fails in restoring power to 12 flour mills
KARACHI, Aug 13: Of the 40 flour mills in the city, about a dozen are still without electricity. As many as 40 mills (20 in Korangi and 20 in other areas)...
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US moves WTO against China on copyright
WASHINGTON, Aug 13: The United States has asked the World Trade Organisation to mediate in its copyright row with China, saying bilateral consultations had failed, the government’s trade office said on Monday....
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Oil prices rebound
LONDON, Aug 13: World oil prices jumped by more than a dollar on Monday after slumping last week on concerns about the US high-risk sub-prime mortgage sector, traders said....
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GST returns filing date extended
ISLAMABAD, Aug 13: The Federal Board of Revenue (FBR) has extended the timing for filing of sales tax and federal excise returns for the month of July 2007....
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Cotton prices fall as phutti arrivals rises
KARACHI, Aug 13: Cotton prices on Monday nosedived as ginners indulged in hasty selling following reports of pick up in phutti arrivals and Aptma’s threat to close down their mills owing to higher lint prices....
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Dollar rises against euro
LONDON, Aug 13: The dollar climbed against the euro on Monday as the world''s major central banks continued their efforts to restore some calm to volatile financial markets, analysts said....
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SECP seeks comments on private equity venture capital fund
ISLAMABAD, Aug 13: The Securities and Exchange Commission of Pakistan (SECP) has sought comments and suggestions from all stakeholders on the draft Private Equity and Venture Capital Fund regulations, 2007....
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Karachi Port operations
KARACHI, Aug 13: Eight ships carrying containers, coal and steel are due to arrive at the outer anchorage on Tuesday, according to KPT sources. Berthing activity at the wharves was on the higher side where seven ships, Soon Fu, Calvin P....
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US retail sales
WASHINGTON, Aug 13: US consumers spent more freely than expected last month as declining gasoline prices shielded household budgets, government data showed on Monday, helping lift investor spirits after a week of bruising losses....
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Vietnam steps up reform
SINGAPORE, Aug 13: Vietnam will up the pace of reform and make transactions more transparent in a bid to further attract foreign investments, Prime Minister Nguyen Tan Dung said on Monday....
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Asian stocks close mostly higher
HONG KONG, Aug 13: Asian stocks closed mostly higher on Monday in a cautious consolidation after central banks moved to bolster confidence in the financial markets following last week''s rout....
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Malaysian palm oil inches up
KUALA LUMPUR, Aug 13: Malaysian crude palm oil futures edged 0.6 per cent higher in light trade on Monday as players awaited fresh direction from a price outlook conference in Singapore due to begin this week....
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