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| September 09, 2008 | Tuesday | Ramazan 8, 1429 |
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Govt earns Rs70bn from oil, gas taxes: In spite of high subsidy claims
ISLAMABAD, Sept 8: The government collected about Rs245 billion as sales tax and other levies on oil and gas during financial year 2007-08 and subsidised their prices by about Rs175 billion,... 
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NBP mulls buy-back to support stock market
KARACHI, Sept 8: The National Bank of Pakistan has shown its intention to buy-back floating shares in the stock market. But how much shares the bank will buy would be decided...
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Zardari to seek China’s investment in energy
KARACHI, Sept 8: President-elect Asif Ali Zardari is expected to visit China next week, after oath-taking on Tuesday, to seek its greater involvement in Pakistan’s energy sector....
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Stock brokers want ‘floor’ to stay put
KARACHI, Sept 8: The members of the Karachi Stock Exchange, in an overwhelming majority voted in favour of asking the board of directors of the bourse to let the ‘floor’ stay put....
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Oil price rebounds on eve of Opec meet
LONDON, Sept 8: Oil prices rallied on Monday on expectations that the Organisation of Petroleum Exporting Countries would begin cutting output as prices hover close to the $100 a barrel, traders said....
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Industry opposes two weekly holidays
KARACHI, Sept 8: The trade and industry has opposed the proposed federal government move to observe two weekly holidays aimed at conserving energy....
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New bank timings
KARACHI, Sept 8: The State Bank of Pakistan on Monday issued new office and banking timings for Ramazan, effective from Tuesday (Sept 9)....
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T-bills auction
KARACHI, Sept 8: The State Bank of Pakistan said on Monday it would auction Rs35 billion worth of three-, six-, and 12-month Treasury bills this week....
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Sindh to launch ‘grow more wheat’ drive
KARACHI, Sept 8: The Sindh Agriculture department is set to launch a campaign ‘Grow More Wheat” for encouraging farmers to produce more of the commodity....
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Dollar hits 11-month high vs euro
LONDON, Sept 8: The dollar jumped to an 11-month high against the euro Monday in volatile trading on news that the US Treasury was to bail out foundering US mortgage finance giants Fannie Mae and Freddie Mac....
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Fannie, Freddie takeover offers hope
WASHINGTON, Sept 8: The unprecedented US takeover of struggling mortgage giants Fannie Mae and Freddie Mac offers hope for an easing of the credit and housing crunch while putting the government’s balance sheet on the line, analysts said on Monday....
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Stocks fail to sustain early run-up
KARACHI, Sept 8: The stock market on Monday welcomed the election of Asif Ali Zardari as President of Pakistan as was reflected by initial buying euphoria but it failed to sustain...
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Buyers remain active on cotton market
KARACHI, Sept 8: Trading on the cotton market resumed on a firm note as spinners and mills continued to build up long positions amid a loud whispering about a short crop...
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Karachi Port operations
KARACHI, Sept 8: Six ships carrying containers and imported wheat are due to arrive at the outer anchorage on Tuesday, according to KPT sources....
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Coca-Cola’s China deal may face review
BEIJING, Sept 8: China said it will submit Coca-Cola’s proposed takeover of juice producer Huiyuan to an anti-monopoly review, amid reports that rival Chinese companies would seek to block the deal....
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Trichet calls for vigilance on credit risks
BASEL, Sept 8: Central banks must be on alert for risks from the global credit crisis and the US government bailout of ailing US mortgage giants Fannie Mae and Freddie Mac...
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Asian stock markets surge
HONG KONG, Sept 8: Asian stock markets surged on Monday as a US federal takeover of ailing mortgage giants Fannie Mae and Freddie Mac eased fears of a spiralling global financial crisis....
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Gold up in London
LONDON, Sept 8: Gold jumped 2 per cent on Monday before a rising dollar capped further advances, but a firm oil price supported precious metals....
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Palm oil futures lower
JAKARTA, Sept 8: Malaysian crude palm oil futures finished little changed on Monday as traders awaited the midweek release of export data, dealers said....
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Karachi market rates
KARACHI, Sept 8: The following were Monday commodity market rates in rupees....
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