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| September 19, 2008 | Friday | Ramazan 18, 1429 |
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Govt pockets 33pc on petrol price: Levies on actual rate
KARACHI, Sept 18: The government is pocketing 33 per cent in the shape of various levies on actual sale price of motor gasoline at Rs81.66 per litre, and on the high-speed diesel (HSD), it is charging Rs9.40... 
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Forex reserves drop to $8.91bn
KARACHI, Sept 18: Pakistan’s foreign reserves fell $190 million to $8.91 billion in the week that ended on Sept 13, from $9.10 billion in the previous week, the State Bank of Pakistan said on Thursday....
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FTSE takes Pakistan off its watch list
KARACHI, Sept 18: Global Index compiler FTSE has abandoned the thought of demoting Pakistan from secondary emerging market status to frontier market, a communiqué received on Thursday said....
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Dollar slips on persistent US turmoil
LONDON, Sept 18: The dollar fell against the euro on Thursday on investor nervousness in the face of persistent turmoil in the US financial markets and concern over the health of its banking system....
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Bid to buy Canadian wheat at high price
MULTAN, Sept 18: Instead of making arrangements for shipment of 50,000 tons of wheat under the US food aid programme, the officials are allegedly interested in making a deal with the...
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10-gram gold price surges by Rs1,542
KARACHI, Sept 18: The local gold rates surged sharply by Rs1,542 per 10 grams and Rs1,800 per tola on Thursday in sympathy of rising yellow metal prices on the world markets....
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PTCL, KESC owe millions in property tax dues
KARACHI, Sept 18: The City District Government Karachi (CDGK) has issued notices to Pakistan Telecommunication Limited (PTCL) and Karachi Electricity Company (KESC) for recovery of millions of rupees in property tax dues....
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Rupee weakens on global crisis
KARACHI, Sept 18: Rupee weakened on Thursday because of global financial crisis and concern about tension between Pakistan and the United States over US attacks on militants in Pakistan, dealers said....
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Oil prices fall after hitting above $102
LONDON, Sept 18: Oil prices rose sharply for a second day running on Thursday, bouncing above $102, as the US currency fell after major central banks massively boosted liquidity on financial markets....
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IEA says gas prices to rise in 2008
PARIS, Sept 18: Gas prices will continue to rise this year, the International Energy Agency (IEA) predicted on Thursday....
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Early WTO trade pact sought
OSLO, Sept 18: European Union Trade Commissioner Peter Mandelson said on Thursday that the current worldwide financial turmoil emphasised the need to conclude a global WTO trade pact that failed earlier this year....
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China defaults on palm oil cargoes
KUALA LUMPUR, Sept 18: Importers from China, the world’s largest vegetable oil buyer, have defaulted on palm oil shipments, heightening fears of a massive stock congestion in Asian producing countries....
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Iraq seeks British help in oil industry
BAGHDAD, Sept 18: Iraq asked Britain on Thursday for technical support in its oil industry, Prime Minister Nuri al-Maliki’s office said....
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KSE 100-share index sheds another 13 points
KARACHI, Sept 18: The KSE 100-share index on Thursday maintained its creeping decline as some of the leading base shares came in for fresh selling and ended further lower, but unlike the previous sessions there were buyers at the dips....
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Little progress on Russia’s WTO membership
GENEVA, Sept 18: Trade negotiators meeting here on Thursday steered clear of the main issues in Russia’s bid for WTO membership, agreeing to reconvene in November, as the US warned that Moscow’s accession bid was now in question....
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Karachi Port operations
KARACHI, Sept 18: Ten ships carrying urea, containers and to load ethanol are expected to arrive at the outer anchorage on Friday, according to KPT sources....
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Port Qasim
KARACHI, Sept 18: Three ships carrying containers, palm oil and diesel oil were accommodated berths during the last 24 hours, said a PQA press release on Thursday....
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Lint prices fall on panic-selling
KARACHI, Sept 18: Cotton prices on Thursday fell further by Rs50 per maund as leading ginners continued to liquidate their long positions despite reports of a short crop of about 12m bales well-below the revised target of around 14m bales....
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Lehman staff nervous at fate of Asia group
HONG KONG, Sept 18: Lehman Brothers staff in Asia remains in the dark about the fate of their business, with the clock ticking on any deal with a potential buyer....
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WB gives $5.5bn to fight poverty in South Asia
ISLAMABAD, Sept 18: The World Bank Group extended loans, credits, grants, equity investments, and guarantees totalling over $5.5 billion to South Asia in fiscal year 2008....
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China scraps stamp duty, buys bank shares
SHANGHAI, Sept 18: China moved to stabilise its stock market by abolishing tax on share purchases and buying shares in three major banks, state press reported on Thursday....
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Swiss bank holds rates unchanged
ZURICH, Sept 18: Switzerland’s central bank on Thursday left its interest rate unchanged and pledged it would keep “generously” providing the markets with liquidity....
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Asian stocks end mostly down
HONG KONG, Sept 18: Asian stocks fell again on Thursday but pared back early losses after the world’s leading central banks joined together to flood the market with cash to put the brakes on the global financial crisis....
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Palm oil soars 7.1pc
KUALA LUMPUR, Sept 18: Malaysian crude palm oil futures surged 7.1 per cent on Thursday after nearly breaking a key resistance level, once cash and futures trade picked up on strength in crude oil markets, traders said....
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Company news
ROME, Sept 18: An Italian consortium that proposed to take over Alitalia officially withdrew its offer on Thursday, dooming the money-losing Italian flag carrier to bankruptcy, the ANSA news agency reported....
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Karachi market rates
KARACHI, Sept 18: The following were Thursday commodity market rates in rupees....
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