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April 08, 2008 Tuesday Rabi-us-Sani 1, 1429 SCRR of Islamic banks reduced KARACHI, April 7: The State Bank of Pakistan has slashed special cash reserve requirement (SCRR) of Islamic banks, apparently in a move to generate liquidity before the launching of Sukuk bonds.... Oil prices soar above $109 LONDON, April 7: Oil prices soared above 109 dollars on Monday, close to record highs, after Opec oil exporters rejected Western calls to increase output and so ease the market, traders said.... Computer industry wants GST withdrawn ISLAMABAD, April 7: PC (personal computer) and server market in Pakistan declined to 9.6 per cent in 2007 from the 16.4pc recorded a year ago.... 54 export items rejected by EU on low quality: Minister visits PSQCA KARACHI, April 7: Federal Minister for Science and Technology Tehmina Daultana has vowed to upgrade the technical expertise at Pakistan Standards and Quality Control Authority (PSQCA) to meet the challenges of Technical Barriers to Trade (TBT) under WTO.... Rs469m mark-up subsidy for spinners KARACHI, April 7: The State Bank of Pakistan released an amount of Rs469.170 million on account of 3 per cent mark-up rate subsidy to the spinning sector from July 1 to... Wheat supply may be focus of govt: ECC meets today KARACHI, April 7: Maintaining an uninterrupted supply of wheat and wheat flour to urban consumers throughout the year seems to be the main focus of the government, and prices are being treated as an issue of secondary importance.... SBP to hold workshop on 9th KARACHI, April 7: The State Bank of Pakistan, in collaboration with the International Securities Consultancy Limited (ISC), Hong Kong, is organising an awareness and consensus-building workshop on Strengthening Secured Transaction Regime in Pakistan at a hotel here on Wednesday, April 9.... Trauma in a bank strong room KARACHI, April 7: Trapped in a locker room of a bank for nearly 10 minutes, a doctor told the traumatic family later in the day that they had another ten minutes... Flour price shoots up KARACHI, April 7: Retailers have started charging Rs200-210 for 10-kg flour bag (No. 2.5) as compared to Rs180-190 last week. Two weeks ago it was priced at Rs150-160.... Move to end loadshedding in Site hailed KARACHI, April 7: Site Association of Industry Chairman Nisar Shekhani has welcomed the Karachi Electricity Supply Company’s decision to discontinue loadshedding in the Site industrial area.... Customs duty collection up KARACHI, April 7: Customs duty collections during the first nine months of the current fiscal year were higher by 5.36 per cent at Rs65.503 billion over the corresponding period of last year when the total collection stood at Rs61.987... Tenders for T-bills invited KARACHI, April 7: The State Bank of Pakistan (SBP) has invited tenders for sale of Market Treasury Bills on April 8 and 9 till 1115 hours.... Stocks fail to extend weekend rally KARACHI, April 7: Stocks failed to extend the weekend rally on Monday owing to late snap selling by some of the weak holders after reports of maltreatment of the former chief... Diamond grading KARACHI, April 7: A two-week diamond grading training course organised by Pakistan Gems and Jewellery Development Company (PGJDC) has begun here.... Cotton trading dull amid hopes of price flare-up KARACHI, April 7: Trading on the cotton market on Monday resumed on a steady note as ginners held on to their unsold positions anticipating an increase in prices owing to pressure on ready supplies.... Karachi Port operations KARACHI, April 7: Six ships, including two cement loaders, are expected to arrive at the outer anchorage on Tuesday, according to KPT sources.... Port Qasim KARACHI, April 7: Four ships, scheduled to load/offload containers, cement, edible oil and coal, were berthed at Qasim international container terminal, multipurpose terminal and IOCB terminal, respectively on Sunday.... Dollar firm against euro LONDON, April 7: The dollar firmed against the euro Monday as traders awaited publication of minutes from the last meeting of the US Federal Reserve to see if further cuts in US interest rates could be expected.... Gold higher in London LONDON, April 7: Gold rose more than 1 per cent on Monday as firm oil prices and positive market sentiment prompted investment in the metal, a traditional hedge against inflation.Silver... Asian stocks close mostly up HONG KONG, April 7: Asian stocks closed mostly up on Monday, shrugging off a rise in US unemployment that heightened fears the world’s biggest economy, a key buyer of Asian exports, faces recession.... Palm oil gains 2.6pc KUALA LUMPUR, April 7: Malaysian crude palm oil futures climbed 2.6 per cent on Monday as investors bet on a rise in Indian demand after the world’s second largest edible oils consumer scrapped import duties last week.... Karachi market rates KARACHI, April 7: The following were Monday commodity market rates in rupees....

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