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| August 03, 2008 | Sunday | Rajab 30, 1429 |
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Offers in special KSE session ‘oversubscribed’
KARACHI, Aug 2: The special trading session at the Karachi Stock Exchange held on Saturday proved to be a resounding success as the bids received for purchases were as much as... 
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Govt reluctant to reduce oil prices: Ogra proposes 7pc decrease
ISLAMABAD, Aug 2: Although the Oil and Gas Regulatory Authority (Ogra) has proposed a seven per cent decrease in domestic oil prices, the coalition government, it seems, is reluctant to pass on this benefit to consumers....
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Jewellers to attend Indian fair
KARACHI, Aug 2: The Pakistan Gems and Jewellery Development Company (PGJDC) will send 68-member delegation to the Indian international jewellery show--IIJS Mumbai-2008 to be held from August 7 to 11....
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Survey to help assess fish stocks
KARACHI, Aug 2: National fish stock has depleted to a dangerous level due to over-fishing and lack of conservation methods....
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Petroleum dealers flay cut in commission
KARACHI, Aug 2: The petroleum dealers have condemned curtailment of their commission in petrol and diesel....
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Drought forces Iran to halt fuel oil exports
TEHRAN, Aug 2: Iran has temporarily halted exports of fuel oil because of domestic needs during a severe drought, a senior official was quoted as saying on Saturday....
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World not running out of crude; era of cheap oil over
RIYADH, Aug 2: Arctic is the new oil frontier, recent reports say, giving a new fillip to the debate about oil availability in the decades to come....
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Build Asia fair opens
KARACHI, Aug 2: Adviser to the prime minister Mian Manzoor Watto inaugurated the 4th Build Asia--2008 exhibition at the Karachi Expo Centre on Saturday....
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Banks help sought for Benazir programme
KARACHI, Aug 2: Federal Finance Minister Syed Naveed Qamar sought the help of five major banks on Saturday to introduce the Benazir Income Support Programme for the poor across the country,...
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Minister promises relief to trade, industry
KARACHI, Aug 2: Federal Minister for Finance Syed Naveed Qamar has said Pakistan is passing through a crucial time and 2008 is the most difficult year from economic point of view in the history of Pakistan....
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BD to drop case against Chevron
DHAKA, Aug 2: The army-backed interim government has decided to drop the case filed by state-run Bangladesh oil, gas and mineral corporation Petrobangla against US-based energy firm Chevron Corp, a senior official said on Saturday....
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CFS investment falls sharply
KARACHI, Aug 2: The investment under continuous funding system (CFS) including MK-II on the Karachi Stock Exchange last week suffered a sharp decline of 46.3 per cent at Rs26.9...
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Workers go on strike in inflation-hit Vietnam
HANOI, Aug 2: Thousands of workers have gone on strike in Vietnam, demanding higher wages to match the rising cost of living after inflation surged 27 per cent year-on-year in July, media reported on Saturday....
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Karachi Port operations
KARACHI, Aug 2: Four ships including two cement loaders are expected to arrive at the outer anchorage on Sunday, according to KPT sources....
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Port Qasim
KARACHI, Aug 2: Four ships scheduled to load/offload containers, rice and palm oil were allotted berths on Friday, said a PQA press release on Saturday. Meanwhile, another ship carrying iron ore also arrived at the outer anchorage....
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Trading slows down on cotton market
KARACHI, Aug 2: Cotton market on Saturday maintained a firm trend as fall in arrivals of phutti into the ginneries owing to recent rain in the cotton belt and a temporary suspension in picking operations.As...
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Wall Street bankers brace for bonus cuts
NEW YORK, Aug 2: Bankers and traders are bracing for sharply reduced bonuses amid one of the worst downturns ever and they will be the lucky ones....
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Sindh revenue authority
KARACHI, Aug 2: The Sindh Board of Revenue (SBR) has said that the proposal for creation of a Sindh revenue authority is going on since 2001 and the previous government failed to finalise their views on the subject....
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Karachi market rates
KARACHI, Aug 2: The following were Saturday commodity market rates in rupees....
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Yahoo board re-elected
CALIFORNIA, Aug 2: Yahoo executives were resoundingly re-elected on Friday after being berated by shareholders over failed takeover talks with Microsoft and for exposing Internet dissidents to Chinese officials....
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Oil spikes as nuclear row returns to haunt market
LONDON, Aug 2: World oil prices faced a rollercoaster ride this week, tumbling on US demand concerns before rocketing higher on resurgent fears about the Iranian nuclear energy crisis, traders said....
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NY cotton softer
NEW YORK, Aug 2: Cotton futures settled softer Friday on investment fund profit-taking, and the market may trade in a range next week ahead of a key government crop report on Aug....
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GM, Ford, Toyota July US sales drop, Nissan’s up
DETROIT, Aug 2: US auto sales tumbled in July, reflecting a deepening downturn in the industry, with tight credit and weak consumer confidence driving General Motors Corp , Ford Motor Co and Toyota Motor Corp to post double-digit declines....
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Wall Street ends lower
NEW YORK, Aug 2: Wall Street ended the week slightly lower on Friday amid conflicting economic signals as traders and investors awaited a looming policy meeting of the Federal Reserve in the coming week....
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Platinum
NEW YORK, Aug 2: Platinum ended 6 per cent lower and palladium also sank on Friday as a spate of poor results from the automotive sector and firmer oil prices triggered a sell-off.—Reuters...
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