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| July 22, 2006 | Saturday | Jumadi-ul-Sani 25, 1427 |
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Pundits divided over quantum of impact: 0.1pc stamp duty on shares
KARACHI, July 21: The levy of 0.1 per cent stamp duty on transfer of electronic shares decreed in Sindh Finance Bill has set the stock market pundits on arguing over its... 
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CBR reverses its order to release imported cement
KARACHI, July 21: The Central Board of Revenue (CBR) has granted permission for the release of held-up consignments of imported cement. The CBR in its order has asked the customs authorities...
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Provinces get only Rs31bn more under new NFC: No relief on debt-servicing
KARACHI, July 21: The provinces are getting only an additional amount of around Rs31 billion under the amended resources distribution formula of the National Finance Commission (NFC) during this fiscal year...
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Prices of pulses, edible oil start rising
KARACHI, July 21: With the holy month of Ramazan two months away, the prices of pulses and edible oil have started climbing up. On the other hand, some importers of black...
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Index up 59.31 points on strong covering purchases
KARACHI, July 21: Stocks on Friday rebounded from the initial lows on strong covering purchases after official clarification that stamp duty on electronic share transactions is at the rate of 0.1...
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Cotton market lacks lustre
KARACHI, July 21: Physical activity on the cotton market on Friday remained slow as spinners and mills extended guarded support and lifted only those lots which conformed to their export parity levels....
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Pakistan, Mercosur sign trade agreement
ISLAMABAD, July 21: Commerce Minister Humayun Akhtar Khan and foreign ministers of Mercosur trade bloc signed the Framework Agreement on Trade in Cordoba, Argentina on Friday....
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Non-residents allowed trading in futures market
KARACHI, July 21: The State Bank has allowed non-residents to trade in shares in futures market through special convertible rupee account. The decision was announced through a circular issued here on Friday by the State Bank....
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Fate of unclaimed deposits decided
KARACHI, July 21: The State Bank on Friday asked all banks and development finance institutions (DFIs) to surrender all those deposits which had not been operated during the last 10 years period....
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BP Pakistan awarded 3 blocks for exploration
KARACHI, July 21: The government on Friday awarded three blocks in the country’s offshore Indus Delta to British Petroleum Pakistan.The signing ceremony for granting exploration licences was held at ministry of petroleum in Islamabad....
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Oil prices dip
LONDON, July 22: Crude oil prices eased on Friday, remaining below recent record peaks as traders paused for breath after a week of volatile trading, dealers said....
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US calls for flexibility at WTO talks
WASHINGTON, July 21: US trade chief Susan Schwab appealed on Friday for more flexibility from trading partners ahead of crunch WTO talks this weekend in Geneva....
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Profit rates
KARACHI, July 21: American Express Bank has announced profit rates on different categories of PLS deposits during January to June 2006. On savings-PLS upto 49,999 (0.85...
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Palm oil prices
KUALA LUMPUR, July 21: Malaysian crude palm oil futures closed lower on Friday, dragged down by profit-taking a day after strong gains on biodiesel news....
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Traders’ protest
KARACHI, July 21: Traders of Tariq Road plan to bring out a peaceful protest rally on Saturday from Madina Mosque to the Karachi Press Club against severe power crisis in the area....
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Plasma TV
KARACHI, July 21: Matsushita Electric Industrial Company Ltd on Friday launched Panasonic’s new line of VIERA plasma television sets of large screen....
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Port Qasim
KARACHI, July 21: Shipping activity remained brisk for the second consecutive where four ships carrying containers, coke and edible oil took berths at QICT, Multipurpose Terminal and Iron Ore and Coal...
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Karachi Port operations
KARACHI, July 21: Six ships carrying urea, steel scrap and to load ethanol are expected to arrive at the outer anchorage on Saturday, according to KPT sources....
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