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| August 16, 2008 | Saturday | Sha'aban 13, 1429 |
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Rupee suffers fresh setback
KARACHI, Aug 15: The rupee suffered another record devaluation against the US dollar on Friday.... 
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Businessmen turn against Musharraf
KARACHI, Aug 15: The Karachi Chamber of Commerce and Industry (KCCI) and its ruling Businessmen Group (BG), led by Siraj Kassam Teli, and the leader of the ruling group of Federation...
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Stocks jump on wager of president’s resignation
KARACHI, Aug 15: Markets and politics are so intertwined that the share prices on the Karachi Stock Exchange soared by 4.5 per cent on Friday, the KSE-100 index witnessing a jump...
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Opec cuts demand growth forecast
VIENNA, Aug 15: Opec revised its world oil demand growth forecast for 2008 down to 1.17 per cent from 1.20 per cent, citing the weak global economy, in its monthly report on Friday....
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Banks asked to realise export proceeds
KARACHI, Aug 15: The State Bank of Pakistan criticised banks’ inability to realise export proceeds worth $220 million, which were overdue for less than a year....
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EOBI plea for stamp duty waiver rejected
KARACHI, Aug 15: The Sindh Board of Revenue (SBR) has recovered Rs32.6 million in stamp duty from the EOBI on leasing of a plot, measuring 8,986 square yards on I.I....
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CNG price: Ogra fails to put up summary
ISLAMABAD, Aug 15: Finance Minister Syed Naveed Qamar on Friday expressed his annoyance over the attitude of officials of the Ministry of Petroleum and the Oil and Gas Regulatory Authority (Ogra)...
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Textile men oppose e-filing of tax returns
KARACHI, Aug 15: The leaders of the textile industry have asked the Federal Board of Revenue (FBR) not to make e-filing mandatory because of low computer literacy in the country....
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Import of mineral oil for mealy bug delayed
MULTAN, Aug 15: Despite the ECC decision to apply zero-rated tariff on the import of mineral oil, a catalyst for pesticides to control the mealy bug virus, the ministries of agriculture...
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Dealers threaten to close pumps
KARACHI, Aug 15: CNG Dealers have threatened to close down their business in case the government brings down the rate to around Rs40 per kg from Rs47.25 per kg....
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KSE 100-share index gains 356 points
KARACHI, Aug 15: The share market staged a broad rally on Friday as equity support fund led buying in oil and banking shares at the lower levels, lifting the Karachi Stock...
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First domestic sukuk in Sept
KUALA LUMPUR, Aug 15: Pakistan will issue its first local currency Sharia-compliant bond in September, a government official said on Friday, as the country seeks to build its fledging Islamic finance industry....
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Brisk buying on cotton market
KARACHI, Aug 15: Physical activity on the cotton market on Friday was fairly active as price ideas of both the sellers and the buyers matched their respective parity levels....
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Karachi Port operations
KARACHI, Aug 15: Eleven ships carrying containers and to load cement and ethanol are expected to arrive at the outer anchorage on Saturday, according to KPT sources....
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Port Qasim
KARACHI, Aug 15: Three ships carrying containers, chemicals and diesel oil were accommodated berths on Sunday, said a PQA press release on Monday....
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Appointment
LAHORE, Aug 15: Jon Eddy Abdullah will assume the charge of chief executive officer of Telenor on Aug 25. He is succeeding Tore Johnsen who had been holding the post since 2004....
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Gold prices fall in Europe
LONDON, Aug 15: Gold fell nearly 5 per cent to almost a nine-month low in Europe on Friday, as a strengthening dollar and fears over slower growth prompted investors to sell off commodities....
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Asian stocks close mostly down
HONG KONG, Aug 15: Asian shares closed mostly down on Friday in lacklustre trade as concerns about slowing economic growth cowed investor sentiment....
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Palm oil futures lower
KUALA LUMPUR, Aug 15: Malaysian crude palm oil futures plunged 8.7 per cent on Friday to an 11-1/2-month low as falling crude knocked vegetable oil markets, prompting Chinese and Indian traders to renege on palm contracts....
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Karachi market rates
KARACHI, Aug 15: The following were Friday commodity market rates in rupees....
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