| 14 July 2004 | Wednesday | 25 Jamadi-ul-Awwal 1425 |
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LPG prices shoot up by 13-16pc
KARACHI, July 13: The price of liquefied petroleum gas (LPG) has surged by 13-16 per cent to Rs34-35 per kg from Rs29-30 per kg in the market. In some areas retailers are demanding Rs36 per kg. ... 
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Textile exports surge by 12pc
ISLAMABAD, July 13: The growth in exports of textile manufactures, petroleum and its products by 12 and 14 per cent, respectively, helped achieve the export target of $12.273 billion during the fiscal year 2003-04 ...
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Inflation turns deposit rates negative
KARACHI, July 13: That the rate of return on bank deposits remained negative most of the time in the last fiscal year is evident from the gap between year-on-year CPI inflation during July-April 2003-04 and weighted average deposit rate of all the banks combined. ...
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Duty on cars in dollar to be reviewed
ISLAMABAD, July 13: The tax authorities have agreed to the proposals of car dealers and importers to rework out the levy of fixation of duty and taxes on imported vehicles in dollar terms. ...
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Credit plan of Rs280bn being prepared
KARACHI, July 13: A national credit plan of Rs280 billion is being prepared for the current fiscal year to achieve budgetary growth target of 6.6 per cent and keep inflation within five per cent. ...
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Rupee shines in inter-bank market
KARACHI, July 13: The State Bank had to ask some banks to sell dollars in the inter-bank market on Tuesday to prop up the rupee. The central bank made this indirect intervention to defend the rupee at 58.20 to a dollar. ...
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GST on cottonseed to go
ISLAMABAD, July 13: The Central Board of Revenue has agreed to a proposal of the Pakistan Cotton Ginners Association (PCGA) to allow zero rating on supply and import of cottonseeds. ...
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Pakistan Capital declares dividend
KARACHI, July 13: Arif Habib Financial Services Group completed its round of results for the year ended June 30, 2004 on Tuesday, with an announcement of dividend at 8.25pc or Rs0.825 per certificate on its Pakistan Capital Market Fund (PCM). ...
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G90 gets tough on cotton in trade talks
GRANDE BAIE, Mauritius, July 13: Poor nations insisted on Tuesday that cotton remain a special topic in global trade talks, signalling a tough stance in key negotiations later this month on liberalizing world commerce, delegates said. ...
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Oil prices dip on profit-taking
LONDON, July 13: Oil prices fell on Tuesday, driven lower as a result of large-scale selling by speculative funds, which sought to bank profits ahead of the latest weekly estimates of US inventories, traders said. ...
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Falling prices fail to woo lint buyers
KARACHI, July 13: Cotton prices on Tuesday fell further as ginners tried to get out of their unsold positions but there was no matching buying offers even at the lower asking prices. ...
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KSE 100-share index undergoes technical correction
KARACHI, July 13: Stocks on Tuesday failed to extend the overnight run-up as follow-up support turned shy and leading base shares finished modestly lower on stray selling at the inflated levels. The KSE 100-share index reacted by 12.52 points at 5,473.22. ...
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