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| July 01, 2006 | Saturday | Jumadi-ul-Sani 4, 1427 |
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WTO nations divided over farm, trade issues
GENEVA, June 30: Ministers from world''s top trading nations on Friday were facing another crisis in their five-year drive to break down protectionist barriers, with the United States, the European Union... 
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Stocks yielded 34pc return in FY06
KARACHI, June 30: The Pakistani stocks yielded return of 34 per cent in rupee terms during the financial year ended June 30, 2006 (FY’06)....
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Pakistan invited to special moot
ISLAMABAD, June 30: WTO Director General Pascal Lamy has invited Commerce Minister Humayun Akhtar Khan for striking a deal on modalities for cutting tariffs and subsidies on farm and industrial goods....
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Conditions for duty waiver notified: Automotive sector
ISLAMABAD, June 30: The Central Board of Revenue (CBR) has notified conditions for exemption of customs duty for Original Equipment Manufacturers (OEMs) of automotive sector, which would replace the deletion programme to be effective from July 1, 2006....
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Heavy buying in oil and bank shares
KARACHI, June 30: Stocks finished the last session of the year on a steady note boosted by fresh heavy buying in leading oil and bank shares amid market talk of higher corporate earnings and payouts....
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Cotton market closes on firm note
KARACHI, June 30: The cotton market on Friday closed the last session of the year on a firm note as ginners remained in a dominating position throughout owing to a short crop and rising mill demand....
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Used car imports hit local industry
KARACHI, June 30: Rising import of used cars, jeeps, and sports utility vehicles (SUVs) has started making impact on the advance booking of locally assembled cars as industry people say that...
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Revenue collection exceeds target by Rs10.3bn
ISLAMABAD, June 30: The revenue collection exceeded the annual target by Rs10.3 billion during the year fiscal 2005-06 to reach Rs700.3 billion as against the target of Rs690 billion....
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Standard units of quantity notified
ISLALAMABAD, June 30: The Central Board of Revenue (CBR) has notified application of standard units of quantity in terms of recommendations of the World Customs Organisation (WCO)....
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US core inflation up 0.2pc
WASHINGTON, June 30: A key gauge of core US consumer prices rose a moderate 0.2 per cent last month, but inflation-adjusted spending advanced just 0.1 per cent as energy prices pressured shoppers, a government report showed on Friday....
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Refinance rate unchanged
KARACHI, June 30: The State Bank on Friday announced that it had kept the export refinance rate changed for the month of July....
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Zarai Bank ratings reaffirmed
LAHORE, June 30: JCR-VIS Credit Rating Company Limited has reaffirmed credit ratings of Zarai Taraqiati Bank Limited (ZTBL) at AAA/A-1+ with stable outlook....
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EU action
BRUSSELS, June 30: The European Commission took action against more than half of the European Union''s member states on Friday for not implementing some of the bloc''s financial market laws....
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European shares up
LONDON, June 30: European stock markets rose on Friday, after a powerful rally in Tokyo and overnight on Wall Street, because investors were reassured by the prospect of a pause in US interest rate rise, dealers said....
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Palm oil prices
KUALA LUMPUR, June 30: Malaysian crude palm oil futures ended higher on Friday, fuelled by market talk that Chinese buyers were stepping up purchases and higher prices of soyaoil....
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Asian stocks higher
HONG KONG, June 30: Asian stock markets shot higher on Friday on Wall Street''s lead after the Federal Reserve hinted at a pause in US interest rate rises, soothing fears over slowing global growth, dealers said....
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Port Qasim
KARACHI, June 30: Port Qasim witnessed brisk shipping activity where three ships carrying containers and furnace oil were given berths at QICT, and Fotco oil terminal, respectively, during the last 24 hours, says a PQA press release....
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Karachi Port operations
KARACHI, June 30: Three ships carrying iron scrap, steel and containers are due to arrive at the outer anchorage on Saturday, according to KPT sources....
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