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| July 11, 2008 | Friday | Rajab 7, 1429 |
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OGDC plans aggressive exploration
ISLAMABAD, July 10: A Senate body was informed on Thursday that the Oil and Gas Development Company Limited (OGDCL) has chalked out an aggressive oil and gas exploration programme to meet the growing energy demands of the country.... 
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FPCCI asked to give fiscal impact of textile package: Industrialists meet minister
ISLAMABAD, July 10: The talks between the business community and the government remained inconclusive on Thursday as the finance ministry sought a complete report on financial implications of a subsidies package...
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SECP, KSE hold talks with institutions: Equity Market Opportunity Fund
KARACHI, July 10: The Securities and Exchange Commission of Pakistan and the Karachi Stock Exchange held a meeting with institutional investors to discuss the concept of an ‘Equity Market Opportunity Fund’...
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Aptma to stay away from strike
LAHORE, July 10: The All Pakistan Textile Mills Association (Aptma) has distanced itself from the strike called for Friday by the rest of the industry in protest against the recent increase...
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Prices of lubricants may also go up
KARACHI, July 10: After frequent increases in petrol, diesel, CNG and LPG rates, the vehicle owners would have to face another burden of price-hike in lubricants....
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Stock investors wait for today’s meeting
KARACHI, July 10: Stocks lacked normal buying interest on Thursday as investors adhered to the sidelines ahead of SECP-KSE meeting on Friday to have an overview of the last month’s market stabilisation measures taken to arrest persistent fall in share values....
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Zarai Bank to help develop Sindh livestock
KARACHI, July 10: The Zarai Traqiati Bank Limited (ZTBL) has agreed to offer special financing schemes for development of fisheries and livestock sectors in Sindh....
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Strategy to raise exports to $40-45bn
ISLAMABAD, July 10: The government requires $65 billion investment in the manufacturing sector to double its declining exports....
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Bidding for six IPPs on 16th
ISLAMABAD, July 10: The government will hold bidding this month for setting up about six independent power projects (IPPs) to generate 2,200MW electricity on fast track basis....
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Oil rallies
LONDON, July 10: Oil prices shot higher on Thursday on the back of simmering geopolitical tensions about key producer Iran and lingering worries over stretched global crude supplies, traders said....
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Treasury bills
KARACHI, July 10: The State Bank of Pakistan sold Rs12.7 billion of Treasury bills on Thursday under four-day repo contracts at 9.95 per cent to mop up liquidity from the money market....
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Course on fisheries
KARACHI, July 10: The Sindh Fisheries Development Board (FDB) is preparing a master plan for coastal and inland aquaculture and for strengthening of capacity building of fisheries management....
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Karachi Port operations
KARACHI, July 10: Six ships carrying general cargo, containers and to load ethanol are due to arrive at the outer anchorage on Friday, according to KPT sources....
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Port Qasim
KARACHI, July 10: Four ships carrying containers, diesel oil and chemicals were accommodated berths during the last 24 hours, said a PQA press release on Thursday....
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Lint prices again quoted higher
KARACHI, July 10: Cotton market on Thursday maintained a firm trend as prices were again quoted higher as spinners and mills tried to grab the floating stock of the new crop....
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TCP tenders for 250,000 tons of wheat
KARACHI, July 10: The Trading Corporation of Pakistan (TCP) issued a tender on Thursday to import a total of 250,000 metric tons of wheat to boost buffer stocks....
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UK keeps interest rates steady
LONDON, July 10: The Bank of England kept its key short-term interest rate unchanged at 5.0 per cent on Thursday in the face of high inflation, sliding economic growth and a housing market downturn....
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HBL funds declare payouts
KARACHI, July 10: The board of directors of HBL Asset Management Limited has declared final dividends for its three funds for the year ended June 30, 2008, says a press release....
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Credit Swiss comes to Pakistan
KARACHI, July 10: Credit Suisse Group, Switzerland’s second-biggest bank, has announced to start equity research business in Pakistan. The group has planned to introduce broking services next year to benefit from...
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Asian stocks close down after Wall Street slides
HONG KONG, July 10: Asian stocks closed mostly down on Thursday after a Wall Street slump soured sentiment and key economic numbers painted a picture of slowing regional growth....
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Palm oil prices slip
JAKARTA, July 10: Malaysian palm oil futures slipped on Thursday despite gains in crude oil prices as weak exports and concern about swelling stocks dampened demand....
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Gold rises
LONDON, July 10: Gold rose in Europe on Thursday as investors turned to bullion as a safe haven in the face of rising tension between Iran and the United States and as equity markets fell....
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Karachi market rates
KARACHI, July 10: The following were Thurday commodity market rates in rupees....
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