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January 3, 2002 Thursday Shawwal 18, 1422 Refineries raise LPG prices KARACHI, Jan 2: National Refinery Limited (NRL) and Pakistan Refinery Limited (PRL) have raised the prices of liquefied petroleum gas (LPG) by Rs900 per ton from January 1.... Euro wins widespread praise on first day BRUSSELS, Jan 2: Financial markets gave the euro a strong vote of confidence on Wednesday as the near flawless New Year launch of notes and coins simultaneously in 12 European Union... Laws hampering Investment to be removed ISLAMABAD, Jan 2: The government has decided to set up a high-powered “deregulation commission” to thoroughly review and remove those existing laws that are hampering new business activities and hurting the... No more duty-free imports for re-export: CBR turns down exporters request ISLAMABAD, Jan 2: The Central Board of Revenue (CBR) has turned down a request from exporters seeking extension in exemption of duty on imported goods for re-export.... EC notifies GSP KARACHI, Jan 2: The European Commission (EC) has officially notified the Generalized System of Preferences (GSP) under which Pakistan is going to benefit duty free exports to European Union (EU) member... Razak to visit Dhaka on 24th DHAKA, Jan 2: Pakistan’s Commerce Minister Abdul Razak Dawood is expected to arrive in Dhaka on Jan 24, leading a 15-member team consisted of officials and business leaders, the commerce ministry... Rice export declines by 7.56pc KARACHI, Jan 2: The rice export has declined by 7.56 per cent to 651,262 tons during first six months of the current fiscal year.... Profit-taking restricts gains on stock market KARACHI, Jan 2: Stocks on Wednesday extended the previous run-up but leading shares finished with clipped gains owing to late profit-taking, at the inflated levels. The index rose by another 8.67... Malaysian palm oil closes higher KUALA LUMPUR, Jan 2: Malaysian crude palm oil futures ended higher on Wednesday on talks China was expected to release the first batch of palm oil import quota for 2002 in... Taiwan to lift ban this month: Direct trade with China TAIPEI, Jan 2: Taiwan will complete by the middle of this month a package lifting a ban on direct business deals with China and liberalizing imports from the mainland, a top... Dull trading on cotton market KARACHI, Jan 2: Cotton market on Wednesday passed through a relatively dull session as standoff between the ginners and spinners continues — both are awaiting some positive developments on the export... Fog brings business to halt in Faisalabad FAISALABAD, Jan 2: Foggy conditions, prevailing for the last three days, has paralyzed the business activities in the city.... Hyundai, Kia motors sales hit record SEOUL, Jan 2: South Korea’s largest automaker, Hyundai Motor Co. and its affiliate Kia Motors Co. lifted sales 5.7 per cent to a record 2.6 million vehicles last year, they said... Palm oil imports may rise KUALA LUMPUR, Jan 2: Tension between Pakistan and India, both major edible oil buyers, may boost Asia’s palm oil market, traders said on Wednesday.... Karachi Port operations KARACHI, Jan 2: Five ships carrying iron scrap, chemicals, crude oil and containers are due to arrive at the outer anchorage on Thursday.... ST audit KARACHI, Jan 2: The chairman, Pakistan Cloth Merchants’ Association (Sindh-Baluchistan zone), Ahmed Chinoy, has called for inclusion of wholesalers, dealers, distributors, investors and retailers in Sales Tax Audit parameters recently announced... Plea to SSGC KARACHI, Jan 2: The All Pakistan Textile Mills Association (Sindh-Balochistan zone) has urged the Sui Southern Gas Company (SSGC) to immediately install calorific value corrector and volume corrector meters in the... Sugar output rising HYDERABAD, Jan 2: Sugar production in Sindh is gaining momentum as out of 30 sugar mills, 27 have become operational for sugar production.... Gold prices inch up LONDON, Jan 2: Gold struggled to nose higher in Europe in its first trading session of the New Year as the euro soared against most major currencies following the successful introduction... Oil price up LONDON, Jan 2: Oil prices turned higher on Wednesday, albeit in thin trading, as a cold snap in Europe and the US boosted demand for heating oil....

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