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| June 28, 2008 | Saturday | Jamadi-us-Sani 23, 1429 |
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Balochistan facing resource constraints
KARACHI, June 27: With a mega-size cabinet of more than four dozen members, the Balochistan government is facing political pressures, resource constraints and physical and social infrastructure demands.... 
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Oil prices top $142
LONDON, June 27: Oil prices struck record highs above $142 on Friday as the US currency weakened and stock markets tumbled at the end of a volatile week for investors worldwide....
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Record borrowing made in 100 days: Rs651bn acquired from SBP
KARACHI, June 27: The present government in its first 100 days has borrowed much more than what the previous government borrowed from the State Bank in first eight months of the...
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Weekly inflation soars by 26.03pc
ISLAMABAD, June 27: The weekly inflation, measured through sensitive price index (SPI), surged by 26.03 per cent during the week ended on June 26 over the corresponding week of last year, Statistics Division said on Friday....
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Gwadar Port to refund $2 million: PSA default
KARACHI, June 27: The Gwadar Port Authority (GPA) in its board meeting has decided to refund $2 million performance bond to the operator Port of Singapore Authority (PSA) despite the fact that the latter defaulted on its agreed business plan....
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Powerlooms strike ends after accord
FAISALABAD, June 27: Powerloom owners and workers reached an agreement on Friday to resolve their differences amicably....
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Balochistan Assembly approves budget
QUETTA, June 27: The Balochistan Assembly on Friday approved the budget proposals of Rs60.27 billion for fiscal year 2008-09 without any cut motion....
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‘Pakistan can reduce edible oil imports’
THATTA, June 27: Speakers at a one-day seminar on “Plantation of coconut and palm oil farms in the coastal belt zone,” have suggested that the distribution of government land among the poor can yield significant results....
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Global stocks mostly lower
LONDON, June 27: European stock markets closed mostly lower on Friday, extending losses in a global sell-off sparked by growing concerns about the economic outlook as oil prices soared to fresh records....
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Bank holiday
KARACHI, June 27: The State Bank of Pakistan and all offices of SBP Banking Services Corporation including Public Debt Offices will remain closed for public dealing on Tuesday (July 1), which has been declared as bank holiday....
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KSE share volume plunges to 7-year low at 30m
KARACHI, June 27: Trading volume on the Karachi Stock Exchange on Friday fell to a seven-year low at 30m shares as investors kept to the sidelines owing to political uncertainty and...
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Karachi Port operations
KARACHI, June 27: Seven ships carrying containers and coal are expected to arrive at the outer anchorage on Saturday, according to KPT sources....
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Port Qasim
KARACHI, Jun 27: Two ships carrying containers and furnace oil were berthed during the last 24 hours, said a PQA press release on Friday....
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Lint prices ease on panic-selling
KARACHI, June 27: Cotton prices further eased on Friday from the current higher levels on panic-selling by ginners following reports of steady arrivals of phutti into the central Punjab ginneries....
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Dollar firms against euro
LONDON, June 27: The dollar was slightly firmer against the euro on Friday on a rebound in US consumer spending as traders awaited an expected hike by the European Central Bank next week in eurzone interest rates....
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Paulson to meet ECB chief
FRANKFURT, June 27: US Treasury Secretary Henry Paulson will meet with European Central Bank President Jean-Claude Trichet here next week during the former’s five-day tour of Europe, an ECB spokeswoman said on Friday....
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Customer care
KARACHI, June 27: Pakistan Telecommunication Company Limited (PTCL) is to observe 2008-09 as ‘Customer Care Year’....
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Gold prices higher
LONDON, June 27:- Gold rallied to its strongest level in a month on Friday as record oil prices, a weak dollar and tumbling world stocks boosted the metal’s safe-haven appeal....
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Asian stocks tumble as Wall Street plunges
HONG KONG, June 27: Asian stocks tumbled on Friday, with Shanghai plunging more than five per cent, Mumbai hitting a 13-month low and Tokyo feeling the bite as investors feared high oil prices and the weak US economy....
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Crude palm oil rises
KUALA LUMPUR, June 27: Malaysian crude palm oil futures finished up 2.5 per cent on Friday, helped by a fresh peak in crude oil prices and short-covering....
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India’s inflation rate jumps
NEW DELHI, June 27:- India’s inflation rate jumped to 11.42 per cent in mid-June, its highest in more than 13 years, and analysts said the central bank could follow up two...
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