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| August 24, 2008 | Sunday | Sha'aban 21, 1429 |
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EU to lift dumping duty next year
LONDON, Aug 23: The five-year anti-dumping duty imposed on Pakistani manufactured goods by the European Union will come to an end next year and the country was hopeful that it would not be re-imposed.... 
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Transporters’ strike inflicts huge losses
KARACHI, Aug 23: The goods transporters’ strike, which entered its fifth consecutive day on Saturday, has inflicted hundreds of millions of rupees loss to importers and exporters, besides badly hurting commodity supplies to other parts of the country....
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POL imports up by 87.4pc
ISLAMABAD, Aug 23: The country’s import bill of petroleum products has increased by 87.41 per cent to $1.287 billion in July, 2008 against $0.686 billion in the same month last year....
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Steps to protect credit cards from frauds
KARACHI, Aug 23: The State Bank of Pakistan has decided to protect credit, debit cards (plastic money) from growing frauds by coding their information, and these cards can now be used safely....
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Bumper rice crop of 6m tons likely this year
ISLAMABAD, Aug 23: The Ministry of Food, Agriculture and Livestock (Minfal) is hopeful of crossing 5.9 million tons rice production this year, about 9 per cent more than last year....
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New draft rules for electronic tax register
ISLAMABAD, Aug 23: The Federal Board of Revenue (FBR) has issued new draft rules for electronic tax register....
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SPI rises by 0.54pc
ISLAMABAD, Aug 23: The Sensitive Price Indicator (SPI), for the week ended on Aug 21, for the lowest income group (up to Rs3,000), registered an increase of 0.54...
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Non-textile exports up 84.6 per cent
ISLAMABAD, Aug 23: Country’s non-textile products exports edged up by 84.6 per cent during the first month of the current fiscal year over last year, Statistics Division data revealed on Saturday....
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CFS rates rise
KARACHI, Aug 23: The CFS rates on the Karachi Stock Exchange last week showed a modest rise of 76 basis points at 14.72 per cent owing to prevailing risk factors in...
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Riyadh to set up firm
RIYADH, Aug 23: Saudi Arabia plans to set up a firm to invest in agriculture overseas within two months to ensure food security, the kingdom’s agricultural minister said in remarks published on Saturday....
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Japan’s economic package
TOKYO, Aug 23: Japan is set to unveil a stimulus package worth eight trillion yen ($73 billion) in a bid to shore up the economy, a report said on Saturday....
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Opec may decide to cut output in Sept meeting
RIYADH, Aug 23: Over the last few days, thanks to the rising tension in Georgia and the weakening dollar, oil has regained some of the lost ground....
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Gold down
KARACHI, Aug 23: Gold dipped by Rs172 to Rs20,442 per 10 grams in the local market on Saturday, as its international price also fell to $825 an ounce, market sources said....
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Rising oil, food prices hurt UK
LONDON, Aug 23: British Prime Minister Gordon Brown insisted on Saturday that the economy was resilient, but acknowledged the nation was facing tough times....
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Prices move up on cotton market
KARACHI, Aug 23: Trading on the cotton market on Saturday was a bit slow as spinners and mills kept to the sidelines after ginners raised prices by another Rs100 per maund....
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Brazil refining capacity
RIO DE JANEIRO, Aug 22: Brazil plans to increase its petroleum refining capacity by building five new refineries, the head of the state-owned oil consortium Petrobras said on Friday....
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Deal signed
TIRANA (Albania), Aug 23: The Albanian government signed a contract for the sale of 85 per cent of the Albanian ARMO state oil company after negotiating terms with a US-Swiss consortium in a deal worth euro128.75...
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Poultry rates
KARACHI: The following are wholesale poultry rates for Sunday....
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Karachi Port operations
KARACHI, Aug 23: Three ships carrying containers and to load clinker are expected to arrive at the outer anchorage on Sunday, according to KPT sources....
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Port Qasim
KARACHI, Aug 23: Three ships scheduled to load/offload containers and palm oil were accommodated berths during the last 24 hours, said a PQA press release on Saturday....
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Wall Street loses
NEW YORK, Aug 23: US stocks lost momentum in the past week as financial woes continued to weigh down Wall Street with investors looking ahead to a busy week of economic news....
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NY cotton ends down
NEW YORK, Aug 23: Cotton futures settled with modest declines on Friday, pulled down with other commodity markets as the dollar strengthened, but brokers said future supply concerns and recent strong price action should keep prices well supported....
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Oil, metals rescue investors as commodity prices rally
LONDON, Aug 23: Oil and most metals prices rebounded this week as investors sought a safe haven owing to a weaker dollar, struggling stock markets and global supply tensions....
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Dollar rebounds
NEW YORK, Aug 23: The dollar resumed its rally on Friday after Federal Reserve chairman Ben Bernanke appeared to signal steady interest rates ahead in the United States despite economic headwinds....
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