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| June 04, 2008 | Wednesday | Jamadi-ul-Awwal 29, 1429 |
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Body to review Rs30bn package for textile
ISLAMABAD, June 3: Faced with a soaring budget deficit, the government on Tuesday constituted a high- level committee to review the economic implications of the proposed Rs30 billion cash subsidy package for the textile exporters, Dawn has learnt.... 
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Prolonged load-shedding affects exports
KARACHI, June 3: The unannounced and prolonged load-shedding has adversely affected the industrial sector and many export-oriented units are unable to meet their foreign contracts worth millions of dollars....
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Aptma plea to continue R&D support
KARACHI, June 3: All Pakistan Textile Mills Association Chairman Iqbal Ibrahim has pleaded for continuing the government’s research and development (R&D) support facility for various segments of textile sector during 2008-09...
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Leather export target to be surpassed
KARACHI, June 3: The Pakistan Tanners Association (PTA) has said that the encouraging trends in export of leather and leather goods indicate that the export target of $1.135...
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Money rates rise, rupee flat
KARACHI, June 3: Pakistan’s short-term rates rose on Tuesday and dealers said they were waiting for a Treasury Bill (T-bill) auction scheduled for Wednesday to determine rates for the rest of the week....
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Rs78.2m evaded duty recovered
KARACHI, June 3: Customs authorities have recovered duty and taxes amounting to Rs78.2 million. The duty was evaded by commercial importers as well as local assemblers on import of auto parts....
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Stocks continue upward march with 198-point gain
KARACHI, June 3: Stocks judiciously maintained their upward drive for the second consecutive session on Tuesday following steady inflow of both the genuine investment and the speculative buying at the current lows....
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Oil falls as US Fed warns on inflation
LONDON, June 3: Oil fell by around $2 a barrel to $126 a barrel on Tuesday, after the US Federal Reserve issued a rare warning on the inflationary risk posed by a weak dollar....
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LPG prices raised by Rs1.5/kg
KARACHI, June 3: The LPG Distributors Association Pakistan said on Tuesday that marketing companies had again raised prices of liquefied petroleum gas (LPG) by Rs15 per 11.8...
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No CGT on shares for two more years
KARACHI, June 3: Capital Gains Tax (CGT) exemption on listed shares has been extended for two years (till June 30, 2010), a press release issued by the Karachi Stock Exchange, following the government-KSE meeting in Islamabad on Wednesday evening, said....
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Sindh central revenue body proposed
KARACHI, June 3: The Sindh government has proposed to set up a Sindh central revenue authority on the pattern of Federal Board of Revenue to improve and mobilise revenue collection mechanism on modern lines....
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HBL begins CY08 with strong earnings
KARACHI, June 3: Habib Bank Limited — one of the last big issues on offer for the public — began the CY08 with strong earnings momentum as the 1Q08 showed net profit growth of about 30 per cent year-on-year....
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ME firm to supply 0.5m tons oil
SINGAPORE, June 3: The Pakistan State Oil has awarded an import tender for 500,000 tons of low-sulphur fuel oil for supply between June to September to Middle East trader Fal Oil, industry sources said on Tuesday....
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CDC holds capital road show
KARACHI, June 3: The Central Depository Company (CDC), in collaboration with the Karachi Stock Exchange (KSE) and the Securities and Exchange Commission of Pakistan (SECP), concluded the eighth successful road show in Gujranwala....
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Chilli price declines
KUNRI, June 3: A record decline in price of red chillies was witnessed here due to import of the commodity from India....
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Firm trend witnessed on cotton market
KARACHI, June 3: Cotton market maintained a firm trend on Tuesday as supply and demand factors again dominated trading amid reports that ginners are not inclined to lower their asking prices and for good reasons too, floor brokers said....
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Karachi Port operations
KARACHI, June 3: Eleven ships, carrying containers and to load ethanol and cement, are expected to arrive at the outer anchorage on Wednesday, according to KPT sources....
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Port Qasim
KARACHI, June 3: Berth occupancy was managed at 70 per cent on Tuesday where a total of seven ships, CV Maersk Georgia, CV Ital Glamour, MV Fair Partner, MV United Star,...
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Asian insurers may seize credit crunch
PARIS, June 3: Asian insurers, particularly China’s major players, are likely to seize the credit crunch as an opportunity to snap up assets in Europe and the United States, senior insurance figures said on Tuesday....
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India sees bumper wheat, rice crops
NEW DELHI, June 3: India expects its rice harvest to rise by two million tons and wheat output to increase by over one million tons next year spurred higher by the...
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Asian stocks close down on inflation
HONG KONG, June 3: Asian stocks fell sharply on Tuesday due to fears that high inflation threatened economic growth and following a Wall Street tumble triggered by renewed concerns about the global financial crisis....
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Gold climbs
LONDON, June 3: Gold climbed on Tuesday as the dollar softened on worries over the deteriorating health of the US economy, boosting the precious metal’s appeal as an alternative investment....
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Palm oil futures up 0.6pc
KUALA LUMPUR, June 3: Malaysian crude palm oil futures rose 0.6 per cent on Tuesday on overnight strength in US soyaoil markets but slower exports capped gains, traders said....
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Karachi market rates
KARACHI, June 3: The following were Tuesday commodity market rates in rupees....
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