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March 21, 2008 Friday Rabi-ul-Awwal 12, 1429 CNG price raised again KARACHI, March 20: Dealers have further enhanced the price of compressed natural gas (CNG) to Rs37 from Rs36 per kg in Karachi with effect from Saturday.... New govt urged to withdraw tax exemptions ISLAMABAD, March 20: Tax experts have suggested to the government-in-waiting to withdraw blanket tax exemptions including capital gains and hidden money whitening schemes in the budget 2008-09....   IFC offers help for credit bureau scoring cards ISLAMABAD, March 20: The International Finance Corporation (IFC) has decided to offer financial and technical support to help introduce “credit bureau scoring cards” aimed at enhancing increased access to loaning in Pakistan.... Sindh govt Providing Rs1.7bn oil subsidy KARACHI, March 20: The Sindh government is providing Rs1.7 billion subsidy per year for keeping petrol prices at par with other provinces. The relief is in the form of exemption of... Stocks finish weekend session with 30-point gain KARACHI, March 20: Stocks remained in a buoyant mood on Thursday despite a good bit of foreign selling but institutional traders absorbed bulk of the unloading, both at the fall and... Credit flows to farm sector up by 30pc KARACHI, March 20: Five big commercial banks and 14 domestic private banks have significantly diverted their credit flow towards the agriculture sector.... Microfinance banks allowed to issue TFCs KARACHI, March 20: The State Bank of Pakistan has allowed microfinance banks (MFBs) to raise capital through term finance certificates (TFCs) to meet the revised 15 per cent capital adequacy ratio.... Islamic financing deals approved ISLAMABAD, March 20: The Religious Board for Modarabas on Thursday approved Islamic financing agreements for Pakistan’s modaraba sector while following the Shariah-compliant model.... MoU with Microsoft signed ISLAMABAD, March 20: Pakistan Software Export Board (PSEB) has signed a MoU with Microsoft and AZM Computer Services to collaborate in the rollout of Global Business Management Solution (GBMS) – a Microsoft and open source technologies based software application.... $23bn ECB injection FRANKFURT, March 20: The European Central Bank (ECB) allotted 15 billion euros ($23 billion) on Thursday in a quick refinancing operation aimed at offsetting a projected liquidity shortage in the money market.... 20-rupee note with new colours issued KARACHI, March 20: The State Bank of Pakistan announced on Thursday that 20-rupee note with new colours would be issued from Saturday.... Indian sugar for Kabul enters local market KARACHI, March 20: Indian sugar coming through Afghan Transit Trade (ATT) is finding its way into local market in a big way thereby depressing prices and causing severe damage to the... Proposals of traders not to be ignored, says Qaim KARACHI, March 20: Sindh chief minister-designate Syed Qaim Ali Shah has said that maintenance of law and order situation, controlling unemployment and rapid industrial development would be his top priorities after assuming power.... Oil price slips below $100 LONDON, March 20: World oil prices ducked under $100 per barrel on Thursday, diving from record heights struck earlier this week amid fears of a global slowdown in energy demand, traders said.... Gold price plunges KARACHI, March 20: The local gold price on Thursday plunged by Rs1,672 to Rs18,770 per 10 grams from Rs20,442 a day earlier following a sharp decline in international gold rates.... Auditing plan FRANKFURT, March 20: The European Central Bank launched a three-year programme with the Bank of Russia on Thursday aimed at boosting cooperation in bank supervision and auditing.... Cotton trading remains dull KARACHI, March 20: Trading on the cotton market on Thursday remained insipid partly because of Friday closure on account of Eid-i-Milad and partly to fresh steep decline in the New York cotton futures.... Karachi Port operations KARACHI, March 20: A dozen ships carrying wheat, tallow and to load clinkers are due to arrive at the outer anchorage on Friday, according to KPT sources.Berthing... Port Qasim KARACHI, March 20: Six ships carrying containers, palm oil, carbon oil, wheat and coal were allotted berths during the last 24 hours, said a PQA press release on Thursday.... Dollar gains against euro LONDON, March 20: The dollar climbed further away from its record low point against the euro on Thursday, lifted by negative eurozone data, analysts said.... Asian stock markets close weaker HONG KONG, March 20: Asian stocks closed mainly lower on Thursday but most benchmarks staged at least a partial recovery in late trade after bargain hunters sought to capitalise on another sharp sell-off.... Indian inflation leaps to nearly 6pc NEW DELHI, March 20: India’s inflation rate jumped by almost a full percentage point to hit a more than 10-month high this month, data showed on Thursday, dashing hopes of a swift interest rate cut to spur a slowing economy.... Karachi market rates KARACHI, March 20: The following were Thursday’s commodity market rates in rupees....

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