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| July 09, 2008 | Wednesday | Rajab 5, 1429 |
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SECP, KSE to re-examine lower locks on 11th
KARACHI, July 8: The Securities and Exchange Commission of Pakistan (SECP) and the Karachi Stock Exchange (KSE) would meet on Friday (July 11) to “assess the impact of various market stabilisation... 
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Meeting to check rupee fall today: Dollar rises to Rs73.90
KARACHI, July 8: A meeting has been called on Wednesday at the State Bank of Pakistan to discuss ways to arrest the free fall of rupee against the dollar, which once again forced the former to shed 2.6...
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Gilani calls for more trade among D8 states
KUALA LUMPUR, July 8: Prime Minister Syed Yousuf Raza Gilani has called for promoting trade amongst D8 member states, which currently stands at $60.5 billion....
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PSQCA has no presence on TDAP board
KARACHI, July 8: The Pakistan Standards and Quality Control Authority (PSQCA), a national standards body to interact with world quality control organisations, has no representation on the board of Trade Development Authority of Pakistan (TDAP)....
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Stocks finish with further fall
KARACHI, July 8: Share market lacked normal trading interest on Tuesday as investors kept to the sidelines apparently awaiting the advent of institutional support but weak holders indulged in fresh selling at a discount in a falling market....
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Scheme to legalise hidden assets launched
ISLAMABAD, July 8: Federal Board of Revenue Chairman M Abdullah Yusuf has called upon the businessmen and industrialists to take full advantage of the newly-announced amnesty scheme “Tax Investment Scheme-2008” for...
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Sale of $50,000 & above needs SBP nod
KARACHI, July 8: The State Bank of Pakistan has bound exchange companies to take prior permission for all transactions of $50,000 and above....
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MVR facility at district level this year
KARACHI, July 8: Registration of vehicles and tax payment facility will be provided at the district level in the province under a computerisation project to be launched by the ministry of excise and taxation this year....
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Gold hits new peak of year
KARACHI, July 8: The local gold price hit a new peak of the year on Tuesday as it was quoted at Rs21,214 as compared to Rs20,571 per 10 grams on Monday....
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Oil dips to $136 on demand worries
LONDON, July 8: Oil prices nosedived by almost $5 on Tuesday as falling global equities and resurgent concerns about an economic slowdown stoked fears about future energy demand, traders said....
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Dollar firmer
LONDON, July 8: The dollar was firmer against the euro on Tuesday, helped by comments from the head of the US Federal Reserve who indicated more could be done to help US banks to weather the credit crunch....
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KCCI voices concern over rupee fall
KARACHI, July 8: The Karachi Chamber of Commerce and Industry has expressed serious concern over free fall of the rupee against the US dollar....
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Karachi Port operations
KARACHI, July 8: Six ships carrying containers, general cargo and to load naphtha are due to arrive at the outer anchorage on Wednesday, according to KPT sources....
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Port Qasim
KARACHI, July 8: Three ships carrying containers, chemicals and furnace oil were accommodated berths during the last 24 hours, said a PQA press release on Tuesday....
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WTO urges bridging of small gaps
GENEVA, July 8: A WTO mediator on Tuesday urged countries to bridge “absurdly small gaps” on trade in industrial goods before a ministers’ meeting later this month aimed at hastening the conclusion of a global trade pact....
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Cotton market maintains firm trend
KARACHI, July 8: Cotton market maintained a firm trend on Tuesday as new crop prices remained stable around the previous levels amid an actively traded session....
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Govt urged to sort out R&D issue
KARACHI, July 8: Pakistan Knitwear and Sweater Exporters Association Chairman Rafiq Habib Godil has urged the government to immediately sort out the eligibility period for getting research and development (R&D) support....
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Siemens to cut 16,750 jobs
BERLIN, July 8: Engineering giant Siemens, Germany’s third biggest company, unveiled 16,750 job cuts on Tuesday in a giant restructuring plan that is set to pit boss Peter Loescher against trade unions....
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Dividends announced
KARACHI, July 8: The board of directors of Pak Oman Asset Management Company Limited in its meeting held on Monday approved the distribution of a cash dividend of Rs3.0957...
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British economy faces recession
LONDON, July 8: Britain’s economy, buckling under the credit crunch and a slowing property market, faces a “serious risk” of recession as firms face soaring costs and falling orders, according to a survey published on Tuesday....
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Asian shares close mostly down
HONG KONG, July 8: Asian stocks tumbled Tuesday as concerns about the global credit squeeze and surging inflation flared again, with the G8 industrial powers warning soaring food and fuel prices threaten world growth....
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Karachi market rates
KARACHI, July 8: The following were Tuesday commodity market rates in rupees....
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Palm oil prices lower
KUALA LUMPUR, July 8: Malaysian crude palm oil futures dropped 1.7 per cent further on Tuesday as fears of a build-up in stocks and declining soya oil prices depressed the market....
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