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| July 14, 2006 | Friday | Jumadi-ul-Sani 17, 1427 |
Auto makers rolling out green taxi, rickshaw
KARACHI, July 13: As the Sindh government has imposed a ban on registration of two-stroke rickshaws from this month, a motorcycle maker plans to launch four-stroke CNG rickshaw while a car-maker...
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Oil prices jump to record above $76
LONDON, July 13: World oil prices hit records above $76 on Thursday as Israel continued an offensive in Lebanon, while key producer Iran was defiant in the face of Western calls to rein in its nuclear ambitions....
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New IT rules to help overseas Pakistanis
ISLAMABAD, July 13: The Central Board of Revenue (CBR) has issued new income tax rules for application of initiation of mutual agreement procedure (MAP) to facilitate Pakistani nationals residing abroad in...
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Currencies move in tight ranges
LONDON, July 13: Currencies traded within tight ranges on Thursday amid fresh turmoil in the Middle East, with investors also awaiting a Japanese interest rate decision on Friday and testimony by US Federal Reserve chairman Ben Bernanke next week....
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Stocks manage to stay above 10,000-level
KARACHI, July 13: The KSE 100-share index on Thursday again breached through the crucial barrier of 10,000 points on active follow-up support on the oil and cement counters aided by reports of higher corporate earnings....
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Slow trading on cotton market
KARACHI, July 13: Trading activity on the cotton market on Thursday was light as spinners and mills did not resume their new fiscal buying apparently awaiting decline in the ruling prices....
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Proposals for trade policy reviewed
ISLAMABAD, July 13: Prime Minister Shaukat Aziz on Thursday directed the commerce ministry to fine-tune the proposals to be announced in the upcoming trade policy aimed at promoting free trade in the country....
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Procedures for levying duty on fee, royalty
ISLAMABAD, July 13: The Central Board of Revenue (CBR) has issued procedures for determination of assessable value for the purpose of levy of excise duty on franchise fee or technical fee or royalty....
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BTC oil pipeline opens
CEYHAN (Turkey), July 13: The leaders of Azerbaijan, Georgia and Turkey formally inaugurated on Thursday the Baku-Tbilisi-Ceyhan (BTC) pipeline, a major US-backed project conceived 12 years ago to supply oil to Western markets that bypasses Russia and Iran....
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15pc value addition fixed for GST; Pesticides
ISLAMABAD, July 13: The Central Board of Revenue (CBR) has issued instructions for the implementation of the general sale tax (GST) on the 15 per cent value addition of pesticide ingredients at import stage....
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Key WTO members to hold talks at G8 meeting
GENEVA, July 13: Key players from the World Trade Organisation are to meet during the G8 summit in Russia to try to break the deadlock in the Doha Round talks on reducing barriers to commerce, WTO sources said on Thursday....
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Britain launches new fund
LONDON, July 13: Britain on Thursday launched a 100-million-pound ($184-million) fund to fight corruption in the developing world and pledged to boost spending on health and education there....
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Canadian GDP
OTTAWA, July 13: Canada’s economy will grow slightly faster than anticipated in the second half of this year, but will then slow in 2007 and 2008, Bank of Canada Governor David Dodge said on Thursday....
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Turkish court okays sale of oil refiner
ANKARA, July 13: A Turkish court rejected on Thursday demands to scrap the sale of the majority stake in the national oil refiner TUPRAS, clearing a legal obstacle to one of...
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US jobless claims up
WASHINGTON, July 13: New applications for US unemployment benefits jumped to 19,000 last week on the back of the traditional summer shutdown at automobile plants, according to government data released on Thursday....
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WB funds to meet power crisis
ARUSHA, July 13: The World Bank is preparing funding for Tanzania and Uganda to help the east African countries cope with a power crisis triggered by a three-year drought, bank officials said on Thursday....
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Port Qasim
KARACHI, July 13: Four ships to load/offload containers, general cargo, edible oil and chemicals were accommodated berths during the last 24 hours, said a PQA press release on Thursday....
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Karachi Port operations
KARACHI, July 13: Five ships carrying chemicals, containers and general cargo are expected to arrive at the outer anchorage on Friday, according to KPT sources....
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