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| June 23, 2006 | Friday | Jumadi-ul-Awwal 26, 1427 |
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ISLAMABAD: Amendments in taxation laws introduced
ISLAMABAD, June 22: The government has amended taxation laws through Finance Act 2006 by making adjustments in certain clauses to facilitate taxpayers besides revising the penalty quantum against defaulter or violators of tax laws.... 
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Money withdrawn from KSE lands in banks: Investors avoiding gold, property
KARACHI, June 22: The money that was pulled out from the stock market was channelled into the banking system, but was not invested in the gold or property markets, market sources indicated....
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Balochistan Development Forum set up
QUETTA, June 22: The Balochistan government is putting a system in place to monitor the Gross Domestic Production (GDP) of the province and all other social and economic indicators for which it has established a Balochistan Development Forum (BDF)....
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Adamjee plans to enter life insurance
KARACHI, June 22: Adamjee Insurance Company Limited has plans to enter the life insurance business, a senior company executive told Dawn on Thursday....
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Stock market gains 68 points in mixed trading
KARACHI, June 22: Stocks on Thursday shrugged off the overnight sluggishness and recovered modestly from the previous lows but late- selling in some of the pivotals again pushed them lower to finish with clipped gains....
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Trading gets slow on cotton market
KARACHI, June 22: Cotton market on Thursday consolidated overnight gains but trading activity shrank after spinners and mills reduced their ready buying at the higher asking prices....
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Oil prices up on supply concerns
LONDON, June 22: World oil prices advanced further on Thursday as the market focused on tight supplies of US gasoline, analysts said....
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BP to invest $20m in offshore exploration
ISLAMABAD, June 22: British Petroleum president Steve Peacock, who is currently on visit to the country, has said the BP will invest $20 million in offshore exploration in Pakistan....
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Money rates plunge to 6pc on excess liquidity
KARACHI, June 22: The State Bank on Thursday left huge liquidity in the banking system punishing the banks for not participating in auction of Treasury bills....
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Govt refuses to lift sugar from importers
KARACHI, June 22: The government has refused to lift 165,000 tons of sugar offered by importers at Rs33 per kg on the plea that there is a glut in the market...
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Dollar up against euro on Fed rate hike hopes
LONDON, June 22: The dollar drifted higher on Thursday against the euro amid expectations from some sections of the market that US borrowing costs may be lifted by a hefty half point when the Federal Reserve delivers its next rate verdict....
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Customs duty on18 items increased
ISLAMABAD, June 22: The government has revised upward customs duty on import of 18 items to provide protection to the local industries besides, making other legal changes in the Customs Act....
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NBP chief’s tenure extended
KARACHI, June 22: The president of National Bank of Pakistan Ali Raza got another extension and will continue to serve the bank for another three years....
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Tax revenue to cross Rs700bn
ISLAMABAD, June 22: The Chairman Central Board of Revenue (CBR) Abdullah Yousuf on Thursday said that the revenue collection would easily cross the Rs700 billion mark as against the target of Rs690 billion by end of the current month....
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US major indicators fall 0.6pc
WASHINGTON, June 22: The forward-looking index of leading economic indicators fell 0.6 per cent in May, further indication of a slowdown in the US economy, The Conference Board said on Thursday....
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Palm oil higher
KUALA LUMPUR, June 22: Malaysian crude palm oil futures closed higher on Thursday on bargain-hunting following recent losses, and firmer soyaoil prices, traders said....
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European shares rise
LONDON, June 22: European stocks rose strongly on Thursday, with London lifted by buoyant mining shares despite a downbeat airline sector, and after solid showings in Tokyo and overnight on Wall Street....
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Karachi Port operations
KARACHI, June 22: Five vessels carrying palm oil, containers and to load naphtha are expected to arrive at the outer anchorage on Friday, according to KPT sources....
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