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| March 07, 2008 | Friday | Safar 28, 1429 |
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Furnace oil price up 27pc in 2 months
KARACHI, March 6: The price of furnace oil -- the main cost component of power generation -- averaged Rs38,348 per ton in the country on Thursday, which analysts said represented 27.84... 
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Poultry maize grain exempted from duty
ISLAMABAD, March 6: The government has exempted maize grain imported by poultry sector from 10 per cent duty....
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US admits lack of options after Opec move
WASHINGTON, March 6: The White House said on Thursday that there’s “not a lot” that US President George W. Bush can do in the short-term in the face of Opec’s decision to ignore his pleas to boost oil output....
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Industry hit by major power shutdown
KARACHI, March 6: Business and industrial activities virtually came to a halt on Thursday morning owing to a massive power shutdown in Karachi....
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Excess input tax refund allowed to IPPs
ISLAMABAD, March 6: The government has allowed refund of excess input tax to the independent power producers (IPPs)....
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Stocks consolidate position well above 15,000
KARACHI, March 6: The KSE 100-share index on Thursday settled well above the barrier of 15,000 points on strong foreign buying in the leading oil shares and analysts said it is...
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Yarn price increase to harm textile exports
LAHORE, March 6: The sudden spike in the prices of course cotton yarns on the domestic market in recent days is likely to jeopardise the value-added textile export contracts and force many exporters to default on their commitments....
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Power cuts irk fish exporters
KARACHI, March 6: Fish exporters are facing problems in maintaining quality of fish products for a longer duration owing to prolonged loadshedding being resorted to by the KESC at the fish harbour....
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Money rates at top levels
KARACHI, March 6: Pakistan’s short-term money rates ended firm at top levels on Thursday in the absence of any major cash inflows, dealers said....
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ECB holds rate, raises inflation forecasts
FRANKFURT, March 6: ECB president Jean-Claude Trichet made it clear on Thursday the job of the European Central Bank was to keep prices in check, signalling he was in no hurry...
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New listing rule at KSE for launching public offers
ISLAMABAD, March 6: The Securities and Exchange Commission of Pakistan (SECP) has approved book-building process as part of the listing regulations of the Karachi Stock Exchange (KSE)....
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KSE, Dubai Financial Market sign MoU
KARACHI, March 6: The Karachi Stock Exchange (KSE) and Dubai Financial Market (DFM) signed a memorandum of understanding on Thursday to develop and strengthen capital markets activities in the region....
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Forex reserves dip to $14.063bn
KARACHI, March 6: Pakistan’s foreign exchange reserves fell by $74 million to $14.063 billion in the week that ended on March 1, the central bank said on Thursday....
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Dollar plunges, oil, gold soar: Records galore
LONDON, March 6: Currency and commodity markets saw a flurry of record-setting performances on Thursday, with the dollar tumbling to a new low against the euro as oil and gold leapt to unprecedented peaks....
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Gold price hits new peak
KARACHI, March 6: Local gold price hit a new record peak of Rs20,228 on Thursday as international bullion rate touched $989 per ounce from $987 on Wednesday....
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Cotton prices soar to new peak level
KARACHI, March 6: Cotton prices soared to a new peak level on Thursday and indications are that short supply and bullish foreign markets will continue to fuel a price flare-up in the coming sessions also....
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European Bank posts sliding profits
LONDON, March 6: The European Bank for Reconstruction and Development said on Thursday that net earnings fell heavily last year and warned it would face a difficult 2008 because of choppy world financial markets....
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Karachi Port operations
KARACHI, March 6: Five ships carrying wheat, containers and to load cement are expected to arrive at the outer anchorage on Friday, according to KPT sources....
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Port Qasim
KARACHI, March 6: Six ships carrying containers, palm oil, diesel oil, chemicals and coke were accommodated berths during the last 24 hours, said a PQA press release on Thursday....
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InvestCap is now InvestBank
KARACHI, Mar 6: After receiving its renewed investment banking licence from the Securities & Exchange Commission of Pakistan (SECP) on February 29, InvestCap (Invest Capital & Securities Pvt....
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Asian stocks close mostly higher
HONG KONG, March 6: Asian stocks closed mostly up on Thursday following a Wall Street rally but concerns about the ailing US economy continued to overshadow sentiment....
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Palm oil prices lower
KUALA LUMPUR, March 6: Malaysian crude palm oil futures fell more than 3 per cent on Thursday, as slow demand in the physical market and strengthening ringgit prompted selling....
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Karachi market rates
KARACHI, March 6: The following were Thursday’s commodity market rates in rupees....
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