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| June 19, 2008 | Thursday | Jamadi-us-Sani 14, 1429 |
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PSO warns of depleting oil products’ stocks
KARACHI, June 18: The Pakistan State Oil, having a market share of 70 per cent, has sounded a note of caution to the government on reduced level of oil products’ stocks... 
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‘Rs1,250bn revenue target hard to achieve’
KARACHI, June18: Member Direct Taxes and additional secretary Federal Board of Revenue (FBR) Usman Khalid Mirza has said that the huge revenue target of Rs1,250 billion set for 2008-09 would be an uphill task to achieve under present bleak economic scenario....
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SBP raises cut-off yield on T-bills
KARACHI, June 18: The State Bank of Pakistan increased on Wednesday the cut-off yield on treasury bills of all the three maturities....
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Islamic Pension Savings Fund launched
KARACHI, June 18: JS Investments Limited (JSIL) has announced the launch of JS Islamic Pension Savings Fund (JS IPSF), which would be the company’s second pension fund to enter the capital market this financial year....
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Govt to facilitate Chinese economic zone: PM
ISLAMABAD, June 18: Prime Minister Syed Yousuf Raza Gilani said on Wednesday that the government would extend all possible help to establish the first-ever Chinese Overseas Economic Zone in Pakistan which...
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No pressure to end subsidies
ISLAMABAD, June 18: The World Bank and the International Monetary Fund have put no pressure and have set no deadline for the government to withdraw subsidies on oil, gas and electricity, finance ministry sources told Dawn on Wednesday....
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60pc hike in cess to divert imports from Karachi
KARACHI, June 18: The substantial increase in infrastructure cess from 0.5 per cent of the C&F value to 0.8 per cent in the new Sindh budget will divert imports from the...
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Oil prices soften
LONDON, June 18: Oil prices softened on Wednesday on news that US stockpiles had declined last week roughly in line with expectations and as the market mulled a possible output hike by Opec kingpin Saudi Arabia....
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KSE 100-index loses 236 points
KARACHI, June 18: Stocks on Wednesday again fell across the board on hasty foreign selling triggered by reports that the Senate Committee has recommended to the National Assembly 100 per cent increase in Capital Value Tax from 0.2...
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Budget direction termed positive
ISLAMABAD, June 18: The Association of Certified Chartered Accountants Pakistan (ACCAP) has termed the budget 2008-09 as a positive step towards a more equitable Pakistan....
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‘No relief for poor in federal budget’
MULTAN, June 18: Traders, growers and industrialists of southern Punjab have expressed mixed reaction over the budget for 2008-09....
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Karachi Port operations
KARACHI, June 18: Five ships carrying containers, coal and to load naphtha are expected to arrive at the outer anchorage on Thursday, according to KPT sources....
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Port Qasim
KARACHI, Jun 18: Three ships carrying containers and palm oil arrived at the outer anchorage during the last 24 hours, said a PQA press release on Wednesday....
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Steady trend on cotton market
KARACHI, June 18: The cotton market maintained a steady trend on Wednesday as some of the spinners and mills remained active buyers for any number of bales below Rs4,000 per maund....
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Gold little changed
LONDON, June 18: Gold was little changed in Europe on Wednesday as oil prices flattened and currency markets stabilised, with traders looking to the dollar to set fresh direction for the precious metal....
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Asian stocks close mostly up as China rebounds
HONG KONG, June 18: Asian stocks closed mostly up on Wednesday with Chinese stocks surging amid speculation Beijing will try to boost share prices following a plunge since last year....
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Palm oil prices lower
KUALA LUMPUR, June 18: Malaysian crude palm oil futures fell on Wednesday as weakening overseas demand and the prospect of higher domestic end-stocks weighed on the market....
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Karachi market rates
KARACHI, June 18: The following were Wednesday commodity market rates in rupees....
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