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| July 24, 2008 | Thursday | Rajab 20, 1429 |
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Japan to help build two power plants
ISLAMABAD, July 23: Japan has agreed to help set up two power plants of 500MW each.... 
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Engro to post 54pc growth in profit
KARACHI, July 23: Engro Pakistan Limited is expected to post 54 per cent growth in after-tax profit at Rs1.712 billion, translating into earning per share (eps) at Rs8.32,...
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Money rates rise, rupee flat
KARACHI, July 23: Short-term money rates rose on Wednesday and dealers said rates are likely to remain stable for the rest of the week....
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NIT to begin stock buys tomorrow
KARACHI, July 23: The National Investment Trust (NIT) would raise Rs20 billion for the ‘Equity Market Opportunity Fund’ (EMOF) and start purchase of shares from the market from Friday morning, NIT...
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Govt plans to issue short-term paper soon
KARACHI, July 23: The government plans to issue short-term paper soon through the Central Directorate of National Savings, a Finance Ministry official told Reuters on Wednesday....
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Banks lending up 11pc in first half of 2008
KARACHI, July 13: Gross advances by the banks increased by 11 per cent in first half of the current calendar year, which was clearly a significant increase while comparing it with...
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Indonesia assures early FTA
KARACHI, July 23: The Indonesian consul-general has assured Pakistani businessmen of an early finalisation of a free-trade agreement (FTA) and setting up of a business council between the two countries....
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WTO awaits new proposals to end deadlock
GENEVA, July 23: Emerging and developed countries were at loggerheads on Wednesday on day three of crucial WTO talks, with both sides calling for concessions to avert failure at the meeting....
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Oil prices fall further
LONDON, July 23: Oil prices fell further on Wednesday as traders digested stronger-than-expected gasoline (petrol) reserves in the United States, the world’s biggest crude consumer, analysts said....
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Urea prices shoot up by Rs115
KARACHI, July 23: Urea prices shot up by Rs100-115 per 50 kg bag in rice growing districts of Sindh to Rs750 from Rs635 (ex-factory) due to shortage of fertiliser caused by hoarding and black-marketing by the dealers and the middleman....
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Monetary policy likely to stay tight
KARACHI, July 23: Bank rates are set to go further up as State Bank of Pakistan prepares itself to give another “tight monetary policy” by the end of this month even...
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Stocks extend overnight recovery drive
KARACHI, July 23: The share market on Wednesday remained in a bullish frame of mind on strong institutional follow-up support in banking and oil shares aided by some positive developments on...
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General Motors global sales skid 5pc
DETROIT, July 23: General Motors on Wednesday posted a five per cent drop in global sales in the second quarter as a sharp drop in its home market offset strong gains overseas....
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French household spending falls
PARIS, July 23: Household consumption dropped 0.4 per cent in June after a surprise, revised gain of 1.7 per cent in May, official figures showed on Wednesday....
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Karachi Port operations
KARACHI, July 23: Seven ships carrying palm oil, containers and to load cement are expected to arrive at the outer anchorage on Thursday, according to KPT sources....
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Port Qasim
KARACHI, July 23: Two ships scheduled to load/offload containers and clinker were accommodated berths during the last 24 hours, said a PQA press release on Wednesday....
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Prices go up further on cotton market
KARACHI, July 23: Cotton prices rose further on Wednesday as some of the deals were done as higher as Rs4,200 per maund amid nervous mill buying followed by reports of pest attack in the entire cotton belt of Punjab....
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Eurozone factory orders slump
BRUSSELS, July 23: Factories in the 15 nations sharing the euro saw demand pull back more sharply than expected in May, official EU data showed on Wednesday....
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Vodafone buy-back
LONDON, July 23: British mobile phone giant Vodafone said on Wednesday it would repurchase shares worth 1.0 billion pounds ($2 billion) and stressed that it was undervalued....
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Aptma plea to govt
KARACHI, July 23: All Pakistan Textile Mills Association has urged the government to freeze all utility costs for at least one year so that the industry in general and exporters in particular can negotiate comfortably with their buyers....
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Karachi market rates
KARACHI, July 23: The following were Wednesday commodity market rates in rupees....
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BoE split over interest rate hold
LONDON, July 23: Bank of England policymakers were split three ways over their decision to leave interest rates unchanged earlier this month, minutes from the latest meeting showed on Tuesday....
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Asian stocks close mostly higher
HONG KONG, July 23: Asian shares rose sharply on Wednesday following an oil price tumble, with India surging nearly six per cent after the country''s ruling coalition survived a parliamentary no-confidence vote....
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Palm oil prices lower
KUALA LUMPUR, July 23: Malaysian crude palm oil futures plummeted nearly 7 per cent to hit 8-month lows as profit-taking in crude oil swept through allied vegetable oil markets amid rising global inventory levels....
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Gold slips to two-week low
LONDON, July 23: Gold slid to a two-week low as oil prices declined, denting the precious metal''s appeal as an inflation hedge, and as the dollar extended Tuesday''s gains against the euro....
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