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| January 12, 2002 | Saturday | Shawwal 27, 1422 |
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NBFCs to strengthen financial sector: NBFIs redesigned
KARACHI, Jan 11: In a major move to strengthen and consolidate the country’s financial sector, the heads of two chief regulatory bodies—Securities and Exchange Commission of Pakistan and the State Bank... 
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No fresh orders for textile machinery: Import in Dec falls
KARACHI, Jan 11: Import of textile machinery during December has dropped to about 28 million dollars from more than 40 million dollars import in November indicating that halt in revamping and...
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3,000 cos get ISO-9000 certificates
KARACHI, Jan 11: As many as 3,000 companies have acquired ISO-9000 quality certificates in which 80 per cent of them are export-oriented from the textile related sectors....
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CNG to get industry status
ISLAMABAD, Jan 11: The government has decided to grant industry status to compressed natural gas (CNG) with all incentives and tax laws available to other industries....
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Wapda to release Rs1.5bn NWFP profit
PESHAWAR, Jan 11: Water and Power Development Authority (Wapda) has assured NWFP that it would release Rs1.5bn from the net hydel profit share of the province by Jan 15, official sources...
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Incentives for silos today
ISLAMABAD, Jan 11: The federal government will announce on Saturday an incentive package to foreign and local companies for setting up ultra-modern grain silos in the country but primarily in Karachi....
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Dutiable imports up by 24.82pc in December
ISLAMABAD, Jan 11: Dutiable imports surged by 24.82 per cent in December and 3.36 per cent in July-December period of current financial year in comparison with the same period last year....
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IMF to become more flexible
SINGAPORE, Jan 11: The International Monetary Fund (IMF) will become more flexible in its requirements and will take into account “realistic” political conditions in borrowing nations, chief spokesman Thomas Dawson said...
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Turkey to enhance trade
KARACHI, Jan 11: Turkey has selected five sectors — textile, surgical instruments, sports goods, leather and engineering and auto parts — to promote trade with Pakistan....
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Leading scrips move both ways on stock market
KARACHI, Jan 11: Stocks on Friday finished on an easy note as investors played on both sides of the market awaiting some fresh stimulants to boost trading amid reports of mounting...
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Imports from Asia blamed for US textile woes
ATLANTA, Jan 11: Rampant imports from Asia are largely to blame for the pain endured by the US textile industry, American cotton industry officials said on Thursday....
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Cotton market lacks lustre
KARACHI, Jan 11: Trading activity on the cotton market on Friday was relatively slow as ginners were not inclined to further lower their asking prices, expecting advent of strong buying by...
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Large taxpayer unit being set up in Karachi
ISLAMABAD, Jan 11: The Central Board of Revenue (CBR) is setting up a Large Taxpayer Unit (LTU) in Karachi in line with the restructuring of the tax machinery to facilitate taxpayers....
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Exporters want quick disposal of applications
KARACHI, Jan 11: Leaders of the Union of Small and Medium Enterprise (UNISAME) has urged the newly-established Pakistan Export Finance Guarantee Agency (PEFG) to ensure quick disposal of applications at minimum...
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Japan to finance NWFP projects
PESHAWAR, Jan 11: The government of Japan has evinced interest in launching various development projects in the Frontier province and identified several projects to be completed with its grant....
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CBR directive to ST collectors
ISLAMABAD, Jan 11: The Central Board of Revenue has directed collectors of sales tax to expedite registration of those taxable people who were not brought under the tax net....
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Boeing delivers 527 jetliners
SEATTLE, Jan 11: The 527 commercial jetliner deliveries announced last week by Boeing translate into 62 per cent of the commercial aviation industry’s deliveries in 2001, according to figures released on...
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Karachi Port operations
KARACHI, Jan 11: Seven ships carrying general cargo, tallow and containers are due to arrive at the outer anchorage on Saturday, according to KPT sources....
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Asian stock markets lower
TOKYO, Jan 11: Share prices fell on most Asian stock markets in cautious trading on Friday with investors focussing mainly on local concerns....
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SRO date extension sought
KARACHI, Jan 11: Chairman, Pakistan Cloth Merchants’ Association (Sindh-Balochistan zone), Ahmed Chinoy, on Friday urged the CBR to extend the date of SRO 396(I)/2001, regarding exemption of payment of whole amount...
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