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| June 11, 2006 | Sunday | Jumadi-ul-Awwal 14, 1427 |
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Trade gap widens to record $10.636bn
ISLAMABAD, June 10: Pakistan’s trade deficit widened 93.05pc in 11 months (July-May) of the 2005-06 to its highest level as oil prices hit a new high and imports of petroleum and... 
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SECP looking for clues to manipulation
KARACHI, June 10: Investigations into stock market manipulation (if any) would be carried out as long as it takes to get to the bottom of the matter, chairman Securities and Exchange Commission of Pakistan (SECP) Razi-ur-Rehman Khan told Dawn on Saturday....
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Import of used cars shoots up by 225pc
KARAHCI, June 10: The import of second-hand cars, jeeps, sports utility vehicles (SUVs), etc., under various schemes saw a big jump of 225 per cent to 34,723 units during July-May 2005-06...
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Rice exporters not receiving payments
KARACHI, June 10: There are increasing incidents of bankruptcies among rice exporters who are entering into export contracts under Deferred Arrangements (DA) with their foreign buyers....
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‘Flawed’ survey used to measure poverty
KARACHI, June 10: How many poor people are there in Pakistan? After trying to find a convincing answer to this question in the last five years, the government has finally come...
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Rs8 a kg subsidy on import of gram
ISLAMABAD, June 10: The government on Saturday decided to import 150,000 tons of gram (whole) besides to provide subsidy of Rs8 per kg or Rs8,000 per ton to importers of the private sector....
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Relief for textile industry sought
KARACHI, June 10: The Karachi Chamber of Commerce and Industry (KCCI) has urged the government to give some relief to the value-added textile industry because no worth mentioning concessions or measures...
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Bank account forms in Urdu
KARACHI, June 10: The opening of accounts in banks may become easier as the State Bank and the Pakistan Banks Association have decided to provide account opening forms in Urdu....
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Financing under CFS falls sharply
KARACHI, June 10: The financing under CFS and rates on the Karachi stock Exchange touched new lows owing to terribly volatile price movements in the share values throughout the last week, analysts said....
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Sales tax on hire-purchase supplies
ISLAMABAD, June 10: The Central Board of Revenue (CBR) said on Saturday that a manufacturer while making supplies under the hire-purchase agreement would pay sales tax on the value of supply inclusive of the lease amount in such cases....
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Bullish trend on cotton market
KARACHI, June 10: Physical activity on the cotton market on Saturday failed to pick up as ginners were not inclined to sell their stocks below Rs2,600 per maund on the perception that a price flare-up was imminent....
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Pakistan rejects sugar bids
KARACHI, June 10: The TCP on Saturday rejected all bids for the import of 50,000 tons of refined sugar, saying prices were too high....
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Africa lags behind Asia, Europe
ABUJA (Nigeria), June 10: Farming experts warned this week that Africa was lagging behind Asia and Europe in food production because of soil degradation, saying a way out was for the continent to adopt ...
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Value-addition for GST on pesticides cut to 15pc
ISLAMABAD, June 10: The CBR on Saturday reduced the minimum value-addition from 30 per cent to 15pc for the levy of GST on pesticides at import stage....
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NY cotton
NEW YORK, June 10: Cotton futures closed mixed Friday as switctrade dominated business and market players said a government crop report merely confirmed the bullish outlook forthe market, brokers said....
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Karachi Port operations
KARACHI, June 10: Seven vessels carrying containers and palm oil are expected to arrive at the outer anchorage on Sunday, according to KPT sources....
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