Revamping of food subsidy plan proposed
KARACHI, March 31: The State Bank of Pakistan has proposed revamping of subsidised food programme for low-income groups, suggesting involvement of private sector to make it more effective....
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Govt told to restrict borrowing
KARACHI, March 31: The country will miss the growth target of 7.2 per cent for the current fiscal year as both agriculture and large-scale industry under performed and its impact on...
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Rs4/kg hike in flour prices likely
LAHORE, March 31: The price of wheat flour in the Punjab is estimated to spike, roughly by Rs4 per kg, in the second half of April when new wheat crop hits...
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Wheat rates start crawling up
KARACHI, March 31: Wheat prices in the open market in Lahore, Karachi and other places started crawling up on Monday and it was quoted at Rs1,640 to Rs1,660 for a 100kgs...
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Millions of rupees bogus IT refunds detected
KARACHI, March 31: The Regional Tax Office, Karachi, has unearthed a big scam in income tax refunds resulting in millions of rupees revenue loss to the national exchequer....
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Producers cut LPG prices
KARACHI, March 31: Two leading producers of liquefied petroleum gas Jamshoro Joint Venture Limited (JJVL) and Oil and Gas Development Company Ltd (OGDCL) having a combined market share of 55 per...
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MoU signed for better cotton crop management
LAHORE, March 31: The All Pakistan Textile Mills Association and World Wide Fund Pakistan have signed a memorandum of understanding for better management practices in cotton crop growing....
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Govt urged to buy sugar from mills
KARACHI, March 31: The sugar advisory board has recommended to the new government to direct the Trading Corporation of Pakistan to buy 500,000 tons of sugar from mills to enable them to pay huge dues to growers....
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NLRL declared sick
ISLAMABAD, March 31: The Securities and Exchange Commission of Pakistan (SECP) on Monday declared the Natover Lease and Refinance Limited (NLRL), a company offering motor vehicles and industrial machinery for lease, as a sick Non-Banking Finance Company....
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PIA suffers Rs13.4bn loss
KARACHI, March 31: Pakistan International Airlines (PIA) suffered a loss of Rs13.4 billion during the financial year of 2007, which turned out to be an exceptionally difficult year for the national carrier due to many reasons....
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Essentials’ prices continue to rise
KARACHI, March 31: Prices of various commodities, including gram pulse and poultry meat, continued an uptrend....
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KSE 100 index loses 193 points on talk of probe
KARACHI, March 31: Stocks on Monday fell across the board on hasty selling followed by talk of a fresh official probe into two major market crashes witnessed under the regime of...
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Oil rebounds
LONDON, March 31: Oil prices rallied above $106 on Monday, shaking off early losses caused by concerns over weak demand for crude in traditionally energy-hungry Japan and the US, traders said....
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Karachi Port operations
KARACHI, March 31: Four ships carrying raw jute and containers are expected to arrive at the outer anchorage on Tuesday, according to KPT sources....
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Port Qasim
KARACHI, March 31: Three ships carrying wheat, chemicals and crude oil were accommodated berths during the last 24 hours, said a PQA press release on Monday....
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Cotton trading dull on lack of mills’ demand
KARACHI, March 31: Cotton prices on Monday remained stable around the previous levels but physical activity was below the normal session in the absence of strong mill demand....
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Agri, dairy investment forum
KARACHI, March 31: The first-ever Middle East Pakistan agriculture and dairy investment forum’ will be held in Dubai on April 29 at Madinat Jumeirah Hotel. The forum is being organised by...
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Govt urged to consult Aptma on policies
LAHORE, March 31: All Pakistan Textile Mills Association has urged Prime Minister Syed Yusuf Raza Gilani to consult the industry on policies related to textiles to save it from destruction....
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Indian inflation
NEW DELHI, March 31: India said on Monday it was considering cutting import duties on a host of food and other products “to zero” to boost supply and tame surging inflation....
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Asian stocks close mostly lower
HONG KONG, March 31: Asian stocks closed mostly lower on Monday, in volatile trade, with sellers stung by negative sentiment from last week’s falls on Wall Street winning a tug-of-war battle with bargain hunters....
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Palm oil drops 4.5pc
KUALA LUMPUR, March 31: Malaysian crude palm oil futures tumbled 4.5 per cent on Monday as global vegetable markets faltered on expectations of a bearish report on prospective soy and corn plantings in the United States....
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