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| June 05, 2008 | Thursday | Jamadi-ul-Awwal 30, 1429 |
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Stocks surge by 610 points on tax exemption
KARACHI, June 4: The Karachi Stock Exchange (KSE) 100-share index roared back to its pre-reaction level on Wednesday and surged by 4.89 per cent or 610 points on heavy buying triggered... 
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Uphill task to draw up Sindh budget
KARACHI, June 4: Officials and planners in Sindh government are set for a task to draw up a Rs250 to Rs260 billion budget for the next fiscal year for which the...
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Rice drops by Rs10,000 per ton
KARACHI, June 4: Prices of all varieties of rice on an average have dropped by Rs10,000 per ton in the local market on low demand from exporters and the domestic traders....
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S. Arabia to give $300m to offset deficit
RAWALPINDI, June 4: Saudi Arabia is expected to provide Pakistan with a grant of $300 million to offset the burden on country’s economy in the wake of rising fuel prices....
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Bread, tea prices up ahead of budget
KARACHI, June 4: In a pre-budget price hike shock to the consumers, the bread makers and a leading tea packer have raised prices unilaterally....
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6-month T-bill yield raised
KARACHI, June 4: The cut-off yield on benchmark six-month Treasury bills rose at an auction on Wednesday to 11.2464pc from 9.9570pc previously, the central bank said....
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10pc increase in drug rates demanded
KARACHI, June 4: The local pharmaceutical industry has sought 10 per cent increase in drug prices, cut in customs duty on imports to five per cent and removal of input sales tax on packaging....
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Oil falls below $123 per barrel
LONDON, June 4: Oil prices fell on Wednesday, extending recent heavy losses on the back of a stronger dollar and as investors reacted to rising motor fuel inventories in the United States....
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China builds plant to turn coal into barrels of oil
ERDOS (China), June 4: With oil prices at historic highs, China is moving full steam ahead with a controversial process to turn its vast coal reserves into barrels of oil....
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Pre-bid meeting for fertiliser plant today
ISLAMABAD, June 4: The Privatisation Commission is holding on Thursday a pre-bid meeting of the pre-qualified bidders of Hazara Phosphate Fertilisers (Private) Limited (HPFL) for the acquisition of its 90 per cent shares together with management control....
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10pc refined petrol imported, NA told
ISLAMABAD, June 4: Only 10 per cent of the annual refined petrol requirement is met through imports while 90 per cent is produced locally from imported and locally extracted crude oil....
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Karachi Port operations
KARACHI, June 4: Nine ships carrying containers, crude oil and vehicles are due to arrive at the outer anchorage on Thursday, according to KPT sources....
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Port Qasim
KARACHI, June 4: Four ships scheduled to load/offload containers and cement were accommodated berths during the last 24 hours, said a PQA press release on Wednesday....
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Dollar edges up
NEW YORK, June 4: The dollar edged higher on Wednesday after a report showed more expansion than expected in the US service sector last month....
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Price war slows down cotton trading
KARACHI, June 4: Physical activity on the cotton market on Wednesday remained slow as ginners and spinners were locked in a price war but it appears to be a no-win situation for the both....
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Kenya tea prices up on strong demand
NAIROBI, June 4: Kenyan tea prices rose at this week’s auction with particularly strong demand being led by Pakistan retailers, dealers said on Wednesday....
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Trade forum in China
LAHORE, June 4: A 12-member delegation of Pakistani businessmen, led by Saarc Chamber of Commerce and Industry President Tariq Sayeed, left here on Wednesday for China to attend the third China-South...
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Job cuts
WASHINGTON, June 4: United Airlines, the second-largest US carrier, said on Wednesday it was cutting its fleet, operations and up to 1,100 additional jobs to compete amid soaring fuel prices and a weakening domestic economy....
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Gold slips in Europe
LONDON, June 4: Gold slips in European trade on Wednesday as the dollar stood firm, curbing buying of the precious metal as an alternative investment, and as oil fell to its lowest level since mid-May....
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Asian stocks close mostly down
HONG KONG, June 4: Asian stocks closed mostly down on Wednesday as India and Malaysia hiked fuel prices amid an OECD warning that sharply higher inflation posed a risk to regional economic growth....
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Palm oil futures dive 2.6pc
KUALA LUMPUR, June 4: Malaysian crude palm oil futures fell 2.6 per cent on Wednesday as losses in the US crude oil market pushed investors to sell vegetable oils, heightening concerns of a demand slowdown....
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Karachi market rates
KARACHI, June 4: The following were Wednesday commodity market rates in rupees....
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