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| January 06, 2009 | Tuesday | Muharram 08, 1430 |
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Group firms registration regulations introduced
ISLAMABAD, Jan 5: The Securities and Exchange Commission of Pakistan (SECP) has promulgated the Group Companies Registration Regulations, 2008 to provide a regulatory framework for the formation of such companies, comprising a holding company and its subsidiaries.... 
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Ghee, cooking oil prices start rising again
KARACHI, Jan 5: The rates of 16-kg ghee and cooking oil tins have been jacked up, while the makers of branded ghee and oil are flexing their muscles to come out...
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Sugar price assessment value up for GST levy
ISLAMABAD, Jan 5: The government on Monday raised the assessment value for the levy of 16 per cent general sales tax (GST) on sugar, causing a Rs4.38...
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Banking spread shrinks
KARACHI, Jan 5: The banking spread showed a slight contraction in November 2008 reflecting the unhealthy competition among the banks for deposit mobilisation for which they are offering very high returns.The...
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Sindh body to formulate opinion today : NFC award
KARACHI, Jan 5: The 8-member provincial committee on National Finance Commission headed by Sindh Local Bodies Minister Agha Siraj is meeting on Tuesday to give final touches to a set of...
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New SBP chief meets Zardari
ISLAMABAD, Jan 5: President Asif Zardari on Monday asked the economic team led by advisor on finance to steer the country out of the economic crisis....
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Oil rises above $47
LONDON, Jan 5: Oil prices rose back above $47 on Monday as the Israeli-Palestinian conflict raged on and major crude producer Iran said Opec would hold a special meeting next month....
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T-bills target to be achieved
KARACHI, Jan 5: State Bank on Monday said Treasury bills auction of Rs565 billion announced by the bank for the Jan-March quarter of the 2008-09 fiscal year will not cause any liquidity crunch in the inter-bank market....
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CNG dealers call off strike
KARACHI, Jan 5: The three associations of CNG dealers and station owners jointly decided on Monday not to call a strike or go for any shutdown of pumps after an invitation from the Finance Advisor Shaukat Tarin for a meeting....
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Dollar makes sharp gains vs euro
NEW YORK, Jan 5: The dollar firmed on Monday, underpinned by news of a planned US stimulus package and increased expectations of interest rate cuts by major central banks....
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CFS unsettled amount Four brokers served final loss notices
KARACHI, Jan 5: Four stock brokers — three members of the Karachi and one of Lahore Stock Exchange — were served final loss notices, by the National Clearing Company of Pakistan...
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Rising ATT volumes a cover to smuggling
KARACHI, Jan 5: The imports under Afghan Transit Trade (ATT) have constantly been increasing for the last several years, while the country is witnessing equal decline in its imports of such...
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KSE 100-index recovers another 124 points
KARACHI, Jan 5: The share market maintained an uppish leaning on Monday on active follow-up support by the institutional traders and analysts predict the process of recovery may continue in the coming sessions on technical grounds alone....
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Bank holidays
KARACHI, Jan 5: State Bank of Pakistan and all offices of SBP Banking Services Corporation, including the Public Debt Offices will remain closed on Jan 7 and 8, 2009....
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Karachi Port operations
KARACHI, Jan 5: Eight ships carrying containers and to load cement, molasses and ethanol are due to arrive at the outer anchorage on Tuesday, according to KPT sources....
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Cotton trading remains firm on active buying
KARACHI, Jan 5: Trading on the cotton market on Monday resumed on a firm note as follow-up support from the leading mills figured prominently on the fine lots at an average...
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Ford sales dip
CHICAGO, Jan 5: Ford Motor Co. posted on Monday a 32 per cent drop in US auto sales in December, dragging its total sales for the year down 20pc to just under two million vehicles....
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World stocks mixed
LONDON, Jan 5: World stock markets were mixed on Monday, with moderate gains in Europe contrasting with falls in the United States as investors focused on president-elect Barack Obama’s economic stimulus plans....
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Senate body for clearance of PSO dues
KARACHI, Jan 5: Senate Standing Committee on Petroleum and Natural Resources has recommended to the government to clear the dues of Pakistan State Oil (PSO) as soon as possible so that it can buy and supply fuel to power generation companies....
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Gold slips in Europe
LONDON, Jan 5: Gold slipped 1 per cent in Europe on Monday as a stronger dollar weighed on sentiment with traders eyeing oil market moves on mounting Middle East tensions....
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Asian stocks begin year with strong gains
HONG KONG, Jan 5: Asian stock markets began the year with strong gains on Monday as investors sought to put a wretched 2008 behind them and followed a rally on Wall Street....
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Palm oil prices higher
JAKARTA, Jan 5 : Malaysian palm futures rose 5.57pc on Monday to finish at a new high in nearly 12 weeks, supported by rising crude oil prices and strong palm oil exports, traders said....
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Karachi market rates
KARACHI, Jan 5: The following were Monday’s commodity market rates in rupees....
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