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| July 20, 2006 | Thursday | Jumadi-ul-Sani 23, 1427 |
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Provinces, Passco told to release wheat stocks
ISLAMABAD, July 19: In order to stabilise flour prices in the country, the federal government on Wednesday directed the provinces and Passco to start releasing wheat stocks to mills imme-... 
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SBP’s move pushes Kibor rates up
KARACHI, July 19: The first impact of the State Bank’s decision to increase the banks’ cash reserve requirements emerged in the form of higher interest rate in the inter-bank market on Wednesday....
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Taxmen harassing taxpayers : Disputes on jurisdiction
KARACHI, July 19: The ongoing reforms of the Central Board of Revenue (CBR) ran into sang owing to a flaw in defining jurisdictions and responsibilities of various departments and zones of income tax regions....
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Anomalies found in new customs, sales tax rules
KARACHI, July 19: The business community has identified a number of anomalies in Customs and Sales Tax rules contained in the budget 2006-07. It has listed these anomalies and the Federation...
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Profit-selling limits rise in KSE-100 index
KARACHI, July 19: Stocks on Wednesday finished with clipped gains on active profit-selling in National Bank and some others at the higher levels followed by an increase in bank cash reserve...
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Trading picking up on cotton market
KARACHI, July 19: Trading in the new crop lint from the Sindh is progressively picking up as more ginneries have resumed operations followed by steady arrivals of phutti....
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Minfal told to check quality of pesticides
ISLAMABAD, July 19: The National Assembly standing committee on agriculture here on Wednesday expressed concerns over the inability of the federal food ministry to exercise quality control on pesticides....
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Nuclear deal with India to create lot of jobs for Americans
WASHINGTON, July 19: The Bush administration''s nuclear accord with India will bring billions of dollars to the US and will create thousands of jobs, a Senate committee was told....
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Logisticschain to cut cost of business, says PM
ISLAMABAD, July 19: As a result of some of major initiatives taken by the government towards development of the National Trade Corridor (NTC), the logistics chain has started showing improvement, helping...
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T-bill auction gets poor response
KARACHI, July 19: The State Bank of Pakistan on Wednesday received poor response at the auction of three-, six- and 12-month treasury bills following increase in the cash reserve requirements of the banks....
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Oil prices sink
LONDON, July 19: Oil prices plunged on Wednesday as traders seized on news of rising energy stockpiles in the US amid subsiding concerns over the Israeli offensive in Lebanon, dealers said....
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CBR reforms to further enlarge tax base
ISLAMABAD, July 19: Major changes are being introduced in the Central Board of Revenue, including vigorous implementation of the tax policies with a view to further enlarging its tax base, says a senior government official....
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German cars
KARACHI, July 19: Autotechnik, partner and importer of German car Porsche, has planned to import 63 cars and other models in 2006-07. The company during the last fiscal year imported 43 vehicles....
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Bank branch
KARACHI, July 19: State Bank Governor Dr Shamshad Akhtar on Wednesday inaugurated the Karachi branch of Dubai Islamic Bank in Cloth Market. Speaking on the occasion she expressed the hope that...
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Port Qasim
KARACHI, July 19: Three ships carrying containers, edible oil and diesel oil were allotted berths during the last 24 hours, said a PQA press release on Wednesday....
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Karachi Port operations
KARACHI, July 19: Six ships carrying containers and to load cement are expected to arrive at the outer anchorage on Thursday, according to KPT sources....
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