| 29 June 2004 | Tuesday | 10 Jamadi-ul-Awwal 1425 |
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Oil prices drop by $1 after Iraq hand over
LONDON, June 28: Oil prices fell sharply on Monday as traders reacted with relief to news of the end of the US-led coalition's occupation of Iraq two days ahead of schedule. ... 
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'Checking high tariff areas exports unjust': Over-invoicing
KARACHI, June 28: Exporters have taken strong exception to the customs authorities move to send high tariff areas exports to Price Check Committee (PCC). ...
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SBP drains Rs40bn as rupee falls further
KARACHI, June 28: The State Bank on Monday mopped up Rs40 billion from a fairly liquid inter-bank market for four weeks at an open market operation held for this purpose. ...
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Traders optimistic about economic prospects: Shaukat's nomination
KARACHI, June 28: Businessmen expressed optimism over the economic prospects in view of Shaukat Aziz's nomination as prime minister after Chaudhry Shujaat Hussain, who accepted the responsibility for a limited time period. ...
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D-8 states to cut duty by 10-20pc under PTA
ISLAMABAD, June 28: The D-8 countries will reduce customs duty on importable items by 10-20 per cent under the proposed draft Preferential Trade Agreement (PTA) to increase the volume of regional trade. ...
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Scheme for exporters in trade policy
ISLAMABAD, June 28: The government will announce a scheme in the trade policy 2004-05 for capacity building of credible manufacturers and potential exporters. ...
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Bourses, CBR agree on modalities
KARACHI: June 28: A meeting was held between the managing Directors of the three stock exchanges, with Mr MS Lal, Member (Tax Policy & Reforms) on Monday, to discuss and agree on modalities of collection & payment of taxes, introduced in the Finance Act, 2004. ...
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PPL offer price fixed at Rs55 per share
KARACHI, June 28: The Privatization Commission announced on Monday that the offer price for the Initial Public Offering (IPO) of Pakistan Petroleum Limited (PPL) would be Rs55 per share, thus ending weeks of speculation on the subject. ...
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Cotton prices suffer modest decline
KARACHI, June 28: Cotton prices on Monday suffered fresh modest decline of Rs25 per maund on selling prompted by reports of rain in the major growing areas and predictions of a good crop. ...
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Index up 173 points on Shaukat's nomination as PM
KARACHI, June 28: The KSE 100-share index on Monday soared by 173 points or 3.4 per cent at 5,279.23, on a massive positive reaction to the nomination of Shaukat Aziz as the future prime minister ...
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