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| June 08, 2008 | Sunday | Jamadi-us-Sani 03, 1429 |
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Rs56bn relief for poor suggested
KARACHI, June 7: To protect the vulnerable groups from pains of adjustments aimed to achieve stability and threat of starvation Rs56 billion should be allocated to provide relief to the poor.... 
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Resource sharing formula still holds good: No 7th NFC meeting since 2005
KARACHI, June 7: The seventh National Finance Commission continues to exist till the year 2010 and can be convened either on suo motu by the chairman or requisitioned by any member...
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PM assures long-term auto policy
KARACHI, June 7: Prime Minister Yousuf Raza Gilani has assured a leading Japanese car assembler of a long-term policy aimed at attracting new investment and opening new job avenues in the auto sector....
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Sindh mango output may fall 30pc
HYDERABAD, June 7: Growers in Sindh have predicted 30 per cent decline in mango production this year....
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R&D support for fabric sector urged
ISLAMABAD, June 7: A delegation of the Fabric Manufacturers and Exporters Association called on Federal Minister for Textile Chaudhry Ahmed Mukhtar here and apprised him of the declining export orders due to high manufacturing cost....
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Sugar production reaches 4.73m tons
ISLAMABAD, June 7: Pakistan has produced about 4.73 million tons of sugar to fulfil its domestic consumption for the year 2008-09....
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CFS investment rises modestly
KARACHI, June 7: The CFS (continuous funding system) investment on the Karachi Stock Exchange last week showed a modest increase of 3.17 per cent or Rs993.8...
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Decision on CGT exemption final: FBR
ISLAMABAD, June 7: The Federal Board of Revenue (FBR) said on Saturday that exemption of capital gains tax (CGT) will continue till June 30, 2010....
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Four president’s welfare schemes abandoned
KARACHI, June 7: The new government has abandoned four welfare schemes -- two on the national level and two in Balochistan -- initiated by President Musharraf for employment and providing sustenance to the poor....
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How oil price rose to $139 over 38 years
NEW YORK, June 7: Key milestones in the rise of the price of crude oil to 133 dollars since 1970:...
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Oil surge scares energy-deficient states
RIYADH, June 7: With oil approaching $140 a barrel and Morgan Stanley projecting it to cross even the $150 mark by July 4, the perception gap between the haves and the...
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Cotton prices up by Rs50 per maund
KARACHI, June 7: Firm trend was again witnessed on the cotton market on Saturday as prices were revised upward by Rs50 per maund to match with rates at which physical business is being transacted....
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Karachi Port operations
KARACHI, June 7: Nine ships carrying containers, raw jute and to load cement and clinker are expected to arrive at the outer anchorage on Sunday, according to KPT sources.Berthing...
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Port Qasim
KARACHI, June 7: Three ships carrying containers and furnace oil were accommodated berths during the last 24 hours, said a PQA press release on Saturday....
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Jobs data makes Fed hikes seem far away
CHICAGO, June 7: Confidence that the Federal Reserve will start raising interest rates in the fourth quarter has been shaken by bleak news on the jobs front and record energy prices that threaten to hobble the US economy....
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Bangladesh ends cheap rice sales
DHAKA, June 7: Stores in the Bangladeshi capital have stopped selling subsidised rice, an official said on Saturday, creating hardship for hundreds of thousands of poor consumers.Rice...
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Treasury bills
KARACHI, June 7: The State Bank of Pakistan sold Rs19 billion in 54-day Treasury bills at 11.14 per cent to primary dealers on Saturday in an outright sale, to mop up funds from the money market....
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Toyota to raise hybrid car production
TOKYO, June 7: Toyota Motor Corp. will start producing hybrid cars in Australia and Thailand amid growing demand for the fuel-efficient vehicles in the wake of record high oil prices, a newspaper said on Saturday....
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Karachi market rates
KARACHI, June 7: The following were Saturday commodity market rates in rupees....
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Gold ends nearly 3pc up on oil rally, weak jobs
NEW YORK, June 7: Gld ended nearly 3 percent higher on Friday to a 1-week high on the back of record crude oil and the dollar’s drop after data showed a...
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Wall Street goes into decline
NEW YORK, June 7: Wall Street went into a dizzying decline on Friday as a record surge in crude oil prices combined with a sharp jump in US unemployment sent traders scurrying for cover....
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Crude oil within grasp of records above $137
LONDON, June 7: World oil prices faced a rollercoaster week with a late surge to heights above $137 per barrel, as a falling US currency spurred demand, traders said....
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New York cotton futures firmer
NEW YORK, June 7: Cotton futures finished firmer Friday on investment fund buying sparked by a rally in other commodity markets and fiber contracts may use follow-through interest to punch higher next week, brokers said....
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Dollar closes lower in US
NEW YORK, June 7: The dollar tumbled on Friday after a US government survey revealed a much higher-than-expected jump in the nation’s unemployment rate during May to 5.5 per cent....
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