SBP sells 12bn rupees of T-bills
	The State Bank of Pakistan (SBP) sold 12 billion rupees ($172.5 million) of Treasury bills on Friday under six-day repo contracts at 9.84 percent to mop up liquidity from the money market...
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	Big increase in urea price
	Urea price on Thursday shot up by Rs 70 per 50 kg bag in the domestic market in the wake of recent gas tariffs rise by 31 percent, market sources said. Being an essential input for crops, it is becoming costlier...
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	Gas tariff hike: over 33 industrial units cease operations
	More than 33 industrial units, including re-rolling mills, textile units, have ceased operation due to recent increase in gas tariff by the government. Most of these units are located in Korangi...
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	Rupee weakens 0.8pc against the dollar
	The rupee weakened 0.8 percent to end at 68.90/69.05 to the dollar on Wednesday because of rising demand for dollars from importers and dealers said the outlook was bleak. The rupee was quoted closing at...
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	PSO reluctant to supply furnace oil to govt power plants
	The Pakistan State Oil (PSO) has expressed inability to meet furnace oil requirements of public sector thermal power plants because of its worsening financial position, official sources told...
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	No late penalty, if old tax dues paid until Sept. 30
	Late payment penalty would be waived off, if the outstanding tax arrears paid until September 30. Senior journalist, Hanif Khalid said that the Federal Board of Revenue (FBR) has issued this order under a special scheme...
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	OGRA issues notification of rise in gas tariff
	Oil & Gas Regulatory Authority (OGRA) Tuesday issued notification of the increase in gas tariff. According to the notification, the prices gas have been raised by 31 to 121 percent for the domestic users...
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	Price of 20 kg bag of Atta hiked by Rs25 in Punjab
	Pakistan Flour Mills Association Punjab Zone raised with immediate effect the rate of 20 kilogram bag of Atta by Rs25, citing increased prices of wheat, electricity and diesel. The decision was announced...
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	Pak-China pledges bilateral trade to $15 billion by 2011
	Pakistan and China on Tuesday pledged to take their bilateral trade to $15 billion by 2011, in their effort bringing economic ties at par with their strong political and strategic partnership...
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	Gas prices raised by upto 31 percent: CNG rates up by Rs 13 per kg
	The government has increased gas prices by 31 percent and that of Compressed Natural Gas (CNG) by Rs 13 per kg. The new rates will be effective from July 1. The Oil and Gas Regulatory Authority notified...
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