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| August 05, 2008 | Tuesday | Sha'aban 2, 1429 |
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Eight sell-off deals put off on political unrest
ISLAMABAD, Aug 4: Eight major privatisation transactions, planned for 2008-09, have been postponed indefinitely due to growing political uncertainty and unfavourable investment climate in the country.... 
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Ogra directed to regulate CNG prices: Rs4-5 per kg cut likely
ISLAMABAD, Aug 4: The government on Monday directed the Oil and Gas Regulatory Authority (Ogra) to regulate the CNG prices under a formula that would reduce existing sale rates by almost 10 per cent or Rs4-5 per kg....
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Banking spread still highest in region
KARACHI, Aug 4: Despite a slow off-take of credits, banking spread was still highest in the region though it lost some weight during the last six months....
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Oil prices tumble beneath $120
LONDON, Aug 4: Crude oil prices plunged below $120 a barrel on Monday for the first time in three months....
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Mills want refined sugar import banned
KARACHI, Aug 4: Sugar mills have urged the government to ban import of refined sugar....
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Musharraf urges peace to stop capital outflow
QUETTA, Aug 4: President Pervez Musharraf has stressed the need for measures to stop capital outflow and encourage inflows of foreign investment. Peace in the country could rebuild the trust of foreign investors, he added....
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Money rates flat, rupee weaker
KARACHI, Aug 4: Short-term money rates were flat on Monday and dealers said rates were expected to remain at current levels for the week amid lack of cash inflows....
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Five mining permits cancelled
KARACHI, Aug 4: The Sindh government has decided to cancel leases of five large-scale coal mining and exploration parties out of a total nine in Thar and Badin districts due to their poor performance and violation of terms of agreement....
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Hubco acquires 75pc interests in Laraib Energy
KARACHI, Aug 4: The Hub Power Company Limited (Hubco), the country’s leading independent power producer (IPP), has announced that it has acquired 75 per cent controlling interests in Laraib Energy Limited...
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WTO talks can still be revived: Brazil
BUENOS AIRES, Aug 4: World trade talks have not failed and can still be revived, Brazilian President Luiz Inacio Lula da Silva insisted as he embarked on Monday on efforts to...
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HSBC profit up
KARACHI, Aug 4: Total global operation profit of HSBC Holdings Plc went up by two per cent to $42.912 billion for the first half of this calendar year....
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KSE 100-share index falls below 10,000
KARACHI, Aug 4: The KSE 100-share index on Monday plunged below 10,000 level at 9,853.18, off 318.21 points or 3.13 per cent on nervous selling after the MQM chief vowed to...
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Dollar falls
LONDON, Aug 4: The dollar wilted against the euro on Monday ahead of an expected Federal Reserve decision to leave US interest rates on hold and on news that US consumer spending cooled in June....
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Karachi Port operations
KARACHI, Aug 4: Seven ships carrying DAP fertiliser, general cargo and containers are expected to arrive at the outer anchorage on Tuesday, according to KPT sources....
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Port Qasim
KARACHI, Aug 4: Two ships carrying containers and diesel oil were accommodated berths on Sunday, said a PQA press release on Monday....
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Cotton trading remains suspended on ginners strike
KARACHI, Aug 4: Physical trading on the cotton market on Monday remained suspended as ginners vowed not to resume ginning operations until their demands are met by the relevant authorities....
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US consumer spending cools
WASHINGTON, Aug 4: US consumer spending cooled in June and inflationary pressures accelerated strongly as higher food and energy costs stretched Americans’ wallets, a government survey showed on Monday....
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Gold prices higher
LONDON, Aug 4: Gold prices ticked up on Monday as a rebound in crude prices encouraged buying of the precious metal as a hedge against oil-led inflation....
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Asian stocks close mostly down
HONG KONG, Aug 4: Asian stocks closed mostly down on Monday after poor US jobs data and Wall Street weakness hit sentiment, with China sliding amid reports of a suspected terror attack in its northwest....
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Malaysian palm oil slides
JAKARTA, Aug 4:Malaysian crude palm oil futures fell about 2 per cent on Monday, following a slide in soyaoil prices, a drop in crude oil, and worries about a build-up in palm oil supplies, dealers said....
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Karachi market rates
KARACHI, Aug 4: The following were Monday commodity market rates in rupees....
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