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| September 04, 2008 | Thursday | Ramazan 3, 1429 |
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KSE board to review ‘floor’ mechanism on 9th
KARACHI, Sept 3: The board of directors of the Karachi Stock Exchange would meet on Tuesday (Sept 9) to review the ‘floor’ mechanism, a sitting director said on Wednesday.... 
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SBP offers relief package to Balochistan
KARACHI, Sept 3: The State Bank of Pakistan has offered relief package to the Balochistan government by putting its overdraft with the SBP into a blocked account....
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Rupee dips to new low against dollar
KARACHI, Sept 3: The rupee hit an all-time low against the dollar on Wednesday eroding the hope that higher inflows of greenback during Ramazan will give some strenght to the local currency....
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Euro sinks to 8-month dollar low
LONDON, Sept 3: The euro fell below $1.44 for the first time in eight months on Wednesday, as a bleak economic outlook reigned and the market anticipated lower eurozone interest rates, dealers said....
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EDB mulls manufacturing of bike parts locally
KARACHI, Sept 3: In a bid to reduce trade deficit, the Engineering Development Board (EDB) of Ministry of Industries has initiated the possibilities of local manufacturing of vital components of China-made...
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Oil falls below $108
LONDON, Sept 3: Oil fell more than $2 to below $108 a barrel on Wednesday, weighed down by slowing demand in the United States and other consuming nations and signs the US oil sector would recover quickly from Hurricane Gustav....
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FPCCI resents hike in power tariff
KARACHI, Sept 3: The Federation of Pakistan Chambers of Commerce and Industry has strongly reacted to the government''s decision to increase power tariff by 31 per cent....
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Giant oil project postponed
MOSCOW, Sept 3: Russia''s top oil producer Rosneft has postponed the opening of its giant Vankor oil field from end of 2008 until mid-2009, one of its directors was quoted as saying on Wednesday....
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Ship with urea starts unloading
KARACHI, Sept 3: A ship carrying 20,000 tons of urea from Saudi Arabia was berthed at the Karachi Port on Wednesday, port sources said....
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Fresh currency notes
KARACHI, Sept 3: The State Bank of Pakistan has decided to provide fresh currency notes to general public before Eidul Fitr....
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Stocks finish with modest gain
KARACHI, Sept 3: The stock market on Wednesday lacked normal trading interest as investors played on both sides of the fence indulging mostly in jobbing activity and did not take long...
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IMF dismisses fears of S. Korean fiscal crisis
SEOUL, Sept 3: The International Monetary Fund on Wednesday dismissed fears of a second financial crisis in South Korea, saying the country''s fundamentals are much stronger than in 1997....
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Karachi Port operations
KARACHI, Sept 3: Nine ships carrying palm oil, chemicals and to load cement are due to arrive at the outer anchorage on Thursday, according to KPT sources....
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Port Qasim
KARACHI, Sept 3: Normal shipping activity was observed at the port where two ships Mustafa Bay and M.T. Bow Hunter were accommodated on berths at M.P....
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Export deals trigger hectic trading on cotton market
KARACHI, Sept 3: Cotton market on Wednesday consolidated the overnight gains as spinners were not inclined to sit on the sidelines and remained active buyers at the inflated levels....
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UK service sector shrinks
LONDON, Sept 3: Britain''s dominant services sector shrank in August for the fourth straight month, a survey showed on Wednesday, although signs of weakness were much less pronounced than expected....
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IMF offers Georgia loan, sees growth slowing
TBILISI, Sept 3: The International Monetary Fund has agreed in principle to lend Georgia $750 million to soften the economic impact of a war with Russia, which may slash growth to...
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Soaring construction costs hit Saudis
RIYADH, Sept 3: Owning a home has never been more difficult for most Saudis....
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Iraq expects to earn $55bn in China oil deal
BAGHDAD, Sept 3: Iraq expects to earn $55 billion in a new 20-year oil deal it recently renegotiated with China, the government said on Wednesday.“Iraqi gross revenues obtained in the contract...
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Karachi market rates
KARACHI, Sept 3: The following were Wednesday commodity market rates in rupees....
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Gold falls 2pc on dollar strength
LONDON, Sept 3: Gold fell more than 2 per cent on Wednesday, dropping back beneath $800 an ounce as strength in the dollar and a drop in oil prices continued to weigh on investor sentiment....
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Asian stocks close mostly down
HONG KONG, Sept 3: Asian shares closed mostly down on Wednesday despite the fall in oil prices, as data showing slowing Australian expansion underscored concerns about the cooling global economy....
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Palm oil prices higher
SIEM REAP, Sept 3: Malaysian crude palm oil futures higher about 18 per cent to 2,900 ringgit ($844.5) per ton by December on strong demand and lower output yields, top industry analyst Thomas Mielke said on Wednesday....
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World rice crisis calls for agriculture research: IRRI
SINGAPORE, Sept 3: Asian governments need to invest in agricultural research as tight supplies of rice persist due to low yields and high population growth, an industry official said on Wednesday....
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