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| July 26, 2008 | Saturday | Rajab 22, 1429 |
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Indian buses to hurt local industry: Euro-II standards ignored
KARACHI, July 25: While the environment ministry is concerned over non-adoption of Euro standards in fuels and engines, the commerce ministry has allowed import of old CNG buses from India.... 
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Weekly inflation surges by 32pc
ISLAMABAD, July 25: Weekly inflation measured through sensitive price index (SPI) surged by an all-time high of 32.22 per cent during the week ended on July 25 over the corresponding week of last year, Statistics Division said on Friday....
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IMF calls for tight monetary policy
KARACHI, July 25: Pakistan needs to tighten fiscal and monetary policy to contain inflation and reduce its current account deficit, says International Monetary Fund....
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SBP struggles with excess liquidity: Over Rs15bn mopped up
KARACHI, July 25: Despite tight monetary policy the State Bank of Pakistan has to struggle with the excess liquidity in the market generating speculation about further hike in the discount rate, while bankers feel it will be counter-productive....
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‘Data on govt investment not up-to-date’
RAWALPINDI, July 25: The International Monetary Fund (IMF) has said that data on government investment in wholly-owned and joint venture enterprises and equity investments is collected, but is not currently up-to-date.....
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Mills seek stable wheat prices
KARACHI, July 25: Flour mills are demanding of the government not only to regularise flour prices, but also to come up with a formula where wheat supply is ensured at a controlled rate....
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Time limit for forex data reduced
KARACHI, July 25: The State Bank of Pakistan has reduced the time limit to half of the previously available time for exchange companies to provide data regarding the foreign exchange transactions.The...
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Oil prices drop to $124
LONDON, July 25: Oil prices headed south again on Friday, cutting short a brief rally amid a drop in fuel demand across the United States, the world’s biggest consumer of energy....
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Engro earnings up 41pc
KARACHI, July 25: Engro Chemicals, Pakistan’s second largest urea manufacturer, on Friday reported a 41 per cent rise in earnings for half year of calendar year 2008 thanks to higher prices and stronger sales....
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Pakistan’s competitive rankings stagnating
ISLAMABAD, July 25: Pakistan’s competitive rankings are stagnating, rather than improving, and the new government faces new economic challenges which have far-reaching implications for poverty reduction, fiscal and trade balances, inflation...
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Stocks lose 124 points on profit-selling
KARACHI, July 25: The share market on Friday ran into weekend profit-selling as a section of investors shed an extra weight on selected counters but unlike the previous sessions, there were...
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Japanese economy
TOKYO, July 25: Worries about the health of Japan’s economy mounted on Friday as inflation hit a new decade high on soaring commodity costs, casting a pall over the outlook for consumer spending....
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Prices ease on steady phutti arrivals
KARACHI, July 25: Cotton prices eased on Friday from the record highs losing Rs50 to Rs100 per maund depending on the quality as some of the ginners indulged in nervous selling followed by reports of steady arrivals of phutti....
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MBA in Islamic banking
KARACHI, July 25: The Meezan Bank Limited (MBL) and the Riphah International University (RIU), Islamabad, on Friday signed an agreement, under which the MBL would provide technical services to the RIU...
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‘Breakthrough’ brings hope of WTO deal
GENEVA, July 25: Despair turned to hope at WTO talks on Friday as an apparent breakthrough in deadlocked negotiations raised the possibility of a new global free-trade pact being agreed after seven years of stalemate....
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Karachi Port operations
KARACHI, July 25: Seven ships carrying containers, general cargo and to load molasses and ethanol are expected to arrive at the outer anchorage on Saturday, according to KPT sources....
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Port Qasim
KARACHI, July 25: Three ships carrying containers and furnace oil were berthed during the last 24 hours, said a PQA press release on Friday....
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Company news
KARACHI, July 25: Barclays Bank Plc has signed an agreement with The Resource Group (TRG) whereby the TRG will provide contact centre services to Barclays’ customers across the country....
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Asian stocks tumble on US economic fears
HONG KONG, July 25: Asian shares tumbled on Friday with Australia and India suffering heavy falls of more than three per cent on fresh worries of US economic woe due in part to the country’s ailing housing market....
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Gold rises on weaker dollar
LONDON, July 25: Gold rose on Friday as the dollar weakened and oil prices pared losses, while platinum and palladium firmed from 6-month lows on bargain hunting....
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Palm oil ends down
KUALA LUMPUR, July 25: Malaysian crude palm oil futures fell on Friday as players took profit despite news of higher July 1-25 palm oil exports....
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Karachi market rates
KARACHI, July 25: The following were Friday commodity market rates in rupees....
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