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| June 10, 2006 | Saturday | Jumadi-ul-Awwal 13, 1427 |
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15-year tax holiday for EPZ Gwadar planned
ISLAMABAD, June 9: The government is expected to shortly announce a 15-year tax holiday for the proposed Export Processing Zone (EPZ) being planned near the Gwadar Port for local and foreign investors.... 
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Traders unhappy with early market closure
KARACHI, June 9: Traders on Friday gave a mixed reaction to early closure of shopping centres and markets as per government’s order. Majority of shopping areas witnessed a chaos owing to...
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Minfal sees 15pc fall in mango output
ISLAMABAD, June 9: The Ministry of Food, Agriculture and Livestock (Minfal) has estimated 10-15 per cent reduction in mango production this season caused by a number of diseases, high wind velocity,...
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Tax measures offer no relief to poor
KARACHI, June 9: The new budget has created a lot many ambiguities and what was being initially understood has now turned out to be totally different....
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Stocks recover 74 points on SECP probe news
KARACHI, June 9: Stocks on Friday recovered from the overnight lows on active short-covering at the lower levels aided by reports that the SECP intended to investigate the recent market crash and would punish those behind the manipulation....
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Cotton market lacks lustre
KARACHI, June 9: Trading activity on the cotton market on Friday was relatively slow partly owing to higher asking prices and partly to a short Friday sessions but the undertone remained uppishly inclined....
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Pakistan, US firms to launch equity fund
KARACHI, June 9: TMT Ventures, Pakistan''s pioneering venture capital and private equity company, Thursday signed an agreement to jointly launch and manage a 100-million dollar private equity fund with SEAF, a Washington D.C....
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Five new clauses added to Customs Act
ISLAMABAD, June 9: The government has introduced five new clauses and amended a few others in the Customs Act, 1969 for regulating the trading regime....
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New trade policy
LAHORE, June 9: Commerce Minister Humayun Akhtar Khan on Friday said that the Trade Policy for 2006-07 would be announced by the middle of next month....
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Cash margin condition on sugar advances
KARACHI, June 9: The State Bank of Pakistan on Friday imposed a 50 per cent cash margin requirement on all fresh advances/disbursements by banks against the sugar stocks to discourage hoarding of sugar and to ensure its price stability....
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Duty on chemicals waived
ISLAMABAD, June 9: The government has exempted customs duty on import of 14 chemicals used in textile processing industries. An official announcement said that whole customs duties were exempted on these items at the recommendation of the textile ministry....
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35-member Indian team due today
KARACHI, June 9: A 35-member delegation comprising of businessmen, journalists, politicians, show biz personalities and academics is arriving here on Saturday from Mumbai on a five-day visit under Karachi-Mumbai exchange programme sponsored by South Asia Free Media Association (SAFMA)....
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Tracking service
ISLAMABAD, June 9: The Central Board of Revenue (CBR) has levied 15pc excise duty on vehicle tracking service and burglar alarm service. An announcement of CBR issued here on Friday said...
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ICAP terms budget balanced
KARACHI, June 9: Institute of Chartered Accountants of Pakistan (ICAP) president S.M. Shabbar Zaidi has said that real estate, capital market and cash economy, which remained ‘no go areas’ for tax...
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Online banking
KARACHI, June 9: The banks will simplify the terms and conditions on account opening forms. They will not only publish these conditions in larger font but also in Urdu language for removing grievances of the public....
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Entity rating
KARACHI, 9 June: JCR-VIS credit rating company has assigned medium to long term and short term entity rating of BBB (Triple B) and A-3 (A Three), respectively, to Gharibwal Cement Limited (GCL)....
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Palm oil lower
KUALA LUMPUR, June 9:Malaysian crude palm oil futures ended mostly lower on Friday and activity was thin as players awaited export estimates data next Monday, dealers said....
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Karachi Port operations
KARACHI, June 9: Five ships carrying containers, chemicals and to load frozen fish are due to arrive at the outer anchorage on Saturday, according to KPT sources....
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