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| January 04, 2009 | Sunday | Muharram 06, 1430 |
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Integrated energy policy soon: Tarin
KARACHI, Jan 3: The government plans to unveil a major policy initiative on Jan 9 to address the cross-subsidy issue, and structural and sector-wise distribution matters relating to gas and petrol,... 
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Tetra milk, sugar become costlier
KARACHI, Jan 3: The new year started off with a shock to consumers as one of leading packers of tetra milk pushed up the rate of one litre pack to Rs55...
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EDB team to visit Kuwait
ISLAMABAD, Jan 3: The Engineering Development Board (EDB) has organised a high level engineering delegation, comprising prominent companies from both public and private sector, to visit Kuwait from Jan 5 to 8....
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Development of cheap energy sources stressed
ISLAMABAD, Jan 3: National Assembly Standing Committee on Science and Technology has stressed the need for development and introduction of cheap energy sources, i.e. micro-hydel power and bio-gas to overcome the energy crisis in the country....
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LPG prices up by Rs4 per kg
KARACHI, Jan 3: LPG producers and marketing companies have increased the price of liquefied petroleum gas (LPG) by Rs4 to Rs59 per kg in Sindh including Karachi effective from Saturday, Jan 3....
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Oil demand to drop by 0.66m bpd this year
RIYADH, Jan 3: From peak to plenty, the energy world has covered an exceptionally long rather tumultuous distance over a period of less than six months....
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Phutti Arrivals increase by 6.91pc
MULTAN, Jan 3: Phutti arrivals into ginneries rose by 6.91 per cent at 9.745 million bales in the fortnight ended December 31, 2008 when compared with 9.115...
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Textile leaders for smooth gas, power supply
FAISALABAD, Jan 3: Industrialists have urged the government to help the textile sector with smooth supply of gas and power, reduced bank marks ups and the research and development (R&D) facility....
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SBP’s T-bills auction target shocks banks
KARACHI, Jan 3: The State Bank’s announcement to extract Rs565 billion from the banking sector through treasury bills has shocked many bankers as banking sector’s market value plunged by 70 per cent during 2008,....
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Task force ignores professional mariners: MMSP
KARACHI, Jan 3: The Master Mariners Society of Pakistan (MMSP) has expressed reservation over the qualification and professional acumen of the members of the newly formed Task Force on maritime industry....
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TCP to buy cotton
KARACHI, Jan 3: The Trading Corporation of Pakistan (TCP) has floated a tender for the purchase of 100,000 bales of raw clean cotton from 2008-09 crop for export purposes....
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Dealing in NIT units from tomorrow
KARACHI, Jan 3: The National Investment Trust (NIT) has removed the temporary suspension of pricing and dealing in NIT units, placed vide a notice dated Dec 17....
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Investment under CFS dips to Rs1.3bn
KARACHI, Jan 3: The CFS investment on the Karachi Stock Exchange last week plunged to a record low of 87 per cent at Rs1.3 billion after the settlement of protracted outstanding positions....
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Russia slams Ukraine in gas row
PRAGUE, Jan 3: Russia stepped up its war of words with Ukraine over gas supplies on Saturday, accusing it of theft, while Kiev warned that deliveries to the European Union could be seriously hit within 10 days....
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Cotton prices ease on fresh phutti arrival
KARACHI, Jan 3: The upward drive on the cotton market was halted on Saturday as prices eased by Rs50 per maund from the recent highs on late selling by some leading ginners....
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Toyota to freeze factory plans in Russia, Thailand
TOKYO, Jan 3: Toyota Motor Corp, the world’s biggest automaker, will freeze plans to build new factories in Thailand and Russia due to sluggish demand worldwide, Japan’s Sankei newspaper reported on Saturday....
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Karachi Port operations
KARACHI, Jan 3: Six ships carrying containers, gas oil and to load naphtha are due to arrive at the outer anchorage on Sunday, according to KPT sources....
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Port Qasim
KARACHI, Jan 3: Five ships to load/offload containers, cement, palm oil, diesel oil and chemicals were accommodated berths during the last 24 hours, said a PQA press release on Saturday....
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Sweden to see large layoffs this year
STOCKHOLM, Jan 3: After shedding tens of thousands of jobs in recent months, Sweden should prepare for a new wave of layoffs in 2009, a survey of some of the country’s top business leaders showed on Saturday....
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Daimler not to buy Volvo from Ford
BERLIN, Jan 3: German car giant Daimler has decided not to buy Swedish-based Volvo Cars from ailing US Ford, according to the weekly Der Spiegel’s upcoming edition....
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Commodities mostly slide in 2008 after striking record highs
LONDON, Jan 3: Commodities rode a rocky ride in 2008, with crude oil, gold and base metals hitting historic peaks on supply woes, before tumbling as a global financial crisis sparked demand worries....
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NY cotton slightly easier
NEW YORK, Jan 3: Cotton futures closed slightly easier on Friday as the market pulled back after surging to a two-month high and fiber contracts may need to consolidate lower next week after rallying late in 2008, brokers said....
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Dollar climbs against euro
NEW YORK, Jan 3: The dollar climbed against the euro on Friday after a widely watched survey showed eurozone manufacturing activity plunging to a record low in December....
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US stocks face headwinds despite New Year rally
NEW YORK, Jan 3: US stocks may have started the New Year with a bang but experts see major headwinds for the market as the new administration of Barack Obama moves rapidly to eject the economy from prolonged recession....
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Karachi market rates
KARACHI, Jan 3: The following were Saturday’s commodity market rates in rupees....
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Palm oil prices lower
KUALA LUMPUR, Jan 3: Crude palm oil prices have hit bottom and are likely to trade at 1,500-1,600 ringgit ($432.9-$461.8) a ton in the next six months, a Malaysian newspaper has quoted a minister as saying....
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